First Hawaiian Bank Increases Position in The Walt Disney Company (NYSE:DIS)

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

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Brighton Jones LLC raised its holdings in shares of Walt Disney by 7.7% in the fourth quarter. Brighton Jones LLC now owns 26,767 shares of the entertainment giant's stock valued at $2,980,000 after buying an additional 1,904 shares during the last quarter. Pacer Advisors Inc. raised its holdings in shares of Walt Disney by 6.9% in the fourth quarter. Pacer Advisors Inc. now owns 143,851 shares of the entertainment giant's stock valued at $16,018,000 after buying an additional 9,322 shares during the last quarter. Falcon Wealth Planning raised its holdings in shares of Walt Disney by 16.3% in the fourth quarter. Falcon Wealth Planning now owns 3,671 shares of the entertainment giant's stock valued at $409,000 after buying an additional 515 shares during the last quarter. BSW Wealth Partners raised its holdings in shares of Walt Disney by 8.5% in the fourth quarter. BSW Wealth Partners now owns 14,824 shares of the entertainment giant's stock valued at $1,651,000 after buying an additional 1,167 shares during the last quarter. Finally, Orca Wealth Management LLC purchased a new stake in shares of Walt Disney in the fourth quarter valued at about $460,000. 65.71% of the stock is owned by hedge funds and other institutional investors.

Walt Disney Price Performance

Shares of DIS stock traded up $1.03 during trading hours on Friday, hitting $113.05. The company's stock had a trading volume of 12,878,557 shares, compared to its average volume of 10,067,040. The business has a fifty day moving average of $96.82 and a 200-day moving average of $105.55. The stock has a market cap of $203.24 billion, a price-to-earnings ratio of 36.82, a P/E/G ratio of 1.80 and a beta of 1.49. The Walt Disney Company has a twelve month low of $80.10 and a twelve month high of $118.63. The company has a current ratio of 0.68, a quick ratio of 0.62 and a debt-to-equity ratio of 0.36.

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

Analysts Set New Price Targets

A number of research analysts have recently issued reports on DIS shares. Rosenblatt Securities reiterated a "buy" rating and set a $135.00 price target on shares of Walt Disney in a research note on Monday, February 10th. Loop Capital boosted their price target on shares of Walt Disney from $120.00 to $125.00 and gave the stock a "buy" rating in a research note on Thursday, May 8th. Barclays boosted their price target on shares of Walt Disney from $115.00 to $120.00 and gave the stock an "overweight" rating in a research note on Thursday, May 8th. Guggenheim dropped their price target on shares of Walt Disney from $130.00 to $120.00 and set a "buy" rating on the stock in a research note on Thursday, May 8th. Finally, Wolfe Research upgraded shares of Walt Disney from a "peer perform" rating to an "outperform" rating and set a $112.00 price target on the stock in a research note on Monday, April 21st. Six analysts have rated the stock with a hold rating, seventeen have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $123.54.

Insider Activity

In other news, EVP Brent Woodford sold 1,000 shares of the stock in a transaction that occurred on 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 directly owns 46,831 shares in the company, valued at $5,190,748.04. This represents a 2.09% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company 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.