First Hawaiian Bank Purchases 11,862 Shares of The Walt Disney Company (NYSE:DIS)

First Hawaiian Bank raised its stake in The Walt Disney Company (NYSE:DIS - Free Report) by 27.6% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 54,824 shares of the entertainment giant's stock after buying an additional 11,862 shares during the period. First Hawaiian Bank's holdings in Walt Disney were worth $5,411,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Geode Capital Management LLC grew its holdings in Walt Disney by 2.2% during the 4th quarter. Geode Capital Management LLC now owns 38,482,309 shares of the entertainment giant's stock worth $4,272,590,000 after acquiring an additional 809,989 shares during the last quarter. Northern Trust Corp lifted its holdings in shares of Walt Disney by 10.4% during the fourth quarter. Northern Trust Corp now owns 22,242,415 shares of the entertainment giant's stock worth $2,476,693,000 after purchasing an additional 2,096,431 shares during the period. Norges Bank bought a new stake in shares of Walt Disney in the fourth quarter worth $2,415,427,000. Jennison Associates LLC increased its holdings in Walt Disney by 23.4% in the fourth quarter. Jennison Associates LLC now owns 19,197,463 shares of the entertainment giant's stock valued at $2,137,637,000 after purchasing an additional 3,636,742 shares during the period. Finally, Bank of New York Mellon Corp increased its holdings in Walt Disney by 15.5% in the fourth quarter. Bank of New York Mellon Corp now owns 17,104,295 shares of the entertainment giant's stock valued at $1,904,563,000 after purchasing an additional 2,300,912 shares during the period. Institutional investors own 65.71% of the company's stock.

Walt Disney Stock Up 0.9%

NYSE:DIS traded up $1.03 on Friday, hitting $113.05. The stock had a trading volume of 12,878,557 shares, compared to its average volume of 10,048,260. 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 Walt Disney Company has a 52 week low of $80.10 and a 52 week high of $118.63. The business's fifty day moving average is $97.05 and its 200 day moving average is $105.68. The company has a market cap of $203.24 billion, a PE ratio of 36.82, a P/E/G ratio of 1.80 and a beta of 1.49.

Walt Disney (NYSE:DIS - Get Free Report) last issued its earnings results on Wednesday, May 7th. The entertainment giant reported $1.45 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.21 by $0.24. The company had revenue of $23.62 billion for the quarter, compared to analysts' expectations of $23.15 billion. Walt Disney had a return on equity of 9.95% and a net margin of 6.07%. Walt Disney's quarterly revenue was up 7.0% compared to the same quarter last year. During the same period last year, the business earned $1.21 EPS. On average, equities research analysts expect that The Walt Disney Company will post 5.47 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have commented on DIS. Barclays lifted their target price on Walt Disney from $115.00 to $120.00 and gave the stock an "overweight" rating in a report on Thursday, May 8th. Needham & Company LLC reaffirmed a "buy" rating and issued a $125.00 price objective on shares of Walt Disney in a research note on Thursday, May 8th. Loop Capital upped their target price on Walt Disney from $120.00 to $125.00 and gave the company a "buy" rating in a report on Thursday, May 8th. Rosenblatt Securities restated a "buy" rating and set a $135.00 price target on shares of Walt Disney in a report on Monday, February 10th. Finally, Prescient Securities reduced their price objective on shares of Walt Disney from $130.00 to $115.00 and set a "neutral" rating on the stock in a research note on Tuesday, February 4th. Six equities research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, Walt Disney currently has a consensus rating of "Moderate Buy" and an average target price of $123.54.

Insider Activity

In related news, EVP Brent Woodford sold 1,000 shares of the company's stock in a transaction dated Tuesday, May 13th. The shares were sold at an average price of $110.84, for a total value of $110,840.00. Following the sale, the executive vice president now owns 46,831 shares in the company, valued at $5,190,748.04. This represents a 2.09% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 0.16% of the company's stock.

Walt Disney Profile

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.