Farmers & Merchants Investments Inc. reduced its stake in The Walt Disney Company (NYSE:DIS - Free Report) by 1.9% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 155,348 shares of the entertainment giant's stock after selling 3,079 shares during the period. Farmers & Merchants Investments Inc.'s holdings in Walt Disney were worth $15,333,000 at the end of the most recent reporting period.
Several other hedge funds have also modified their holdings of DIS. Mpwm Advisory Solutions LLC acquired a new stake in Walt Disney in the fourth quarter valued at $27,000. FPC Investment Advisory Inc. purchased a new stake in Walt Disney in the 4th quarter valued at approximately $28,000. Tacita Capital Inc boosted its holdings in Walt Disney by 93.2% in the 4th quarter. Tacita Capital Inc now owns 257 shares of the entertainment giant's stock valued at $29,000 after purchasing an additional 124 shares in the last quarter. Pilgrim Partners Asia Pte Ltd acquired a new stake in shares of Walt Disney during the 4th quarter valued at approximately $32,000. Finally, Midwest Capital Advisors LLC acquired a new stake in shares of Walt Disney during the 4th quarter valued at approximately $34,000. 65.71% of the stock is currently owned by institutional investors and hedge funds.
Walt Disney Stock Performance
Shares of NYSE DIS traded down $0.76 during mid-day trading on Friday, reaching $117.85. 13,143,189 shares of the company were exchanged, compared to its average volume of 10,082,003. The company's 50-day simple moving average is $101.58 and its 200-day simple moving average is $105.92. The company has a quick ratio of 0.62, a current ratio of 0.68 and a debt-to-equity ratio of 0.36. The stock has a market capitalization of $211.86 billion, a P/E ratio of 38.39, a P/E/G ratio of 1.80 and a beta of 1.54. The Walt Disney Company has a twelve month low of $80.10 and a twelve month high of $120.50.
Walt Disney (NYSE:DIS - Get Free Report) last released its quarterly earnings results on Wednesday, May 7th. The entertainment giant reported $1.45 earnings per share for the quarter, beating analysts' consensus estimates of $1.21 by $0.24. Walt Disney had a net margin of 6.07% and a return on equity of 9.95%. The company had revenue of $23.62 billion during the quarter, compared to the consensus estimate of $23.15 billion. During the same period in the previous year, the business earned $1.21 earnings per share. The firm's quarterly revenue was up 7.0% on a year-over-year basis. As a group, research analysts predict that The Walt Disney Company will post 5.47 earnings per share for the current year.
Analyst Ratings Changes
Several brokerages recently issued reports on DIS. UBS Group lifted their price objective on Walt Disney from $105.00 to $120.00 and gave the stock a "buy" rating in a research report on Thursday, May 8th. Morgan Stanley lifted their price objective on Walt Disney from $110.00 to $120.00 and gave the stock an "overweight" rating in a research report on Thursday, May 8th. Wolfe Research upgraded Walt Disney from a "peer perform" rating to an "outperform" rating and set a $112.00 price objective for the company in a research report on Monday, April 21st. Needham & Company LLC reiterated a "buy" rating and issued a $125.00 price target on shares of Walt Disney in a report on Thursday, May 8th. Finally, Guggenheim lowered their price objective on shares of Walt Disney from $130.00 to $120.00 and set a "buy" rating for the company in a research note on Thursday, May 8th. Six analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $123.96.
Read Our Latest Stock Analysis on DIS
Insider Buying and Selling
In other Walt Disney news, EVP Brent Woodford sold 1,000 shares of the company's stock in a transaction on Tuesday, May 13th. The shares were sold at an average price of $110.84, for a total transaction of $110,840.00. Following the sale, the executive vice president now owns 46,831 shares of the company's stock, valued at approximately $5,190,748.04. This represents a 2.09% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.16% of the stock is currently owned by insiders.
About Walt Disney
(
Free Report)
The Walt Disney Company operates as an entertainment company worldwide. It operates through three segments: Entertainment, Sports, and Experiences. The company produces and distributes film and television video streaming content under the ABC Television Network, Disney, Freeform, FX, Fox, National Geographic, and Star brand television channels, as well as ABC television stations and A+E television networks; and produces original content under the ABC Signature, Disney Branded Television, FX Productions, Lucasfilm, Marvel, National Geographic Studios, Pixar, Searchlight Pictures, Twentieth Century Studios, 20th Television, and Walt Disney Pictures banners.
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