Flagship Harbor Advisors LLC trimmed its stake in The Walt Disney Company (NYSE:DIS - Free Report) by 10.5% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 22,861 shares of the entertainment giant's stock after selling 2,695 shares during the quarter. Flagship Harbor Advisors LLC's holdings in Walt Disney were worth $2,256,000 at the end of the most recent quarter.
Other institutional investors also recently made changes to their positions in the company. Mpwm Advisory Solutions LLC acquired a new position in shares of Walt Disney in the fourth quarter worth $27,000. Tacita Capital Inc increased its stake in Walt Disney by 93.2% in the fourth quarter. Tacita Capital Inc now owns 257 shares of the entertainment giant's stock valued at $29,000 after purchasing an additional 124 shares during the last quarter. Pilgrim Partners Asia Pte Ltd acquired a new position in Walt Disney in the fourth quarter valued at $32,000. Midwest Capital Advisors LLC acquired a new position in Walt Disney in the fourth quarter valued at $34,000. Finally, Copia Wealth Management acquired a new position in Walt Disney in the fourth quarter valued at $36,000. 65.71% of the stock is owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
Several equities analysts recently commented on the company. UBS Group upped their target price on Walt Disney from $105.00 to $120.00 and gave the company a "buy" rating in a research note on Thursday, May 8th. Needham & Company LLC reiterated a "buy" rating and issued a $125.00 target price on shares of Walt Disney in a research note on Thursday, May 8th. Wolfe Research upgraded Walt Disney from a "peer perform" rating to an "outperform" rating and set a $112.00 target price for the company in a research note on Monday, April 21st. Barclays upped their target price on Walt Disney from $115.00 to $120.00 and gave the company an "overweight" rating in a research note on Thursday, May 8th. Finally, Guggenheim dropped their target price on 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 investment 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 company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $123.96.
View Our Latest Report on DIS
Insider Transactions at Walt Disney
In related news, EVP Brent Woodford sold 1,000 shares of the stock in a transaction dated Tuesday, May 13th. The stock was sold at an average price of $110.84, for a total value of $110,840.00. Following the completion of the transaction, 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 document filed with the SEC, which is accessible through this link. Company insiders own 0.16% of the company's stock.
Walt Disney Stock Up 0.7%
Shares of NYSE DIS traded up $0.88 on Wednesday, hitting $119.53. The company had a trading volume of 6,972,774 shares, compared to its average volume of 10,096,319. The Walt Disney Company has a 12-month low of $80.10 and a 12-month high of $120.50. The business has a 50 day moving average of $106.76 and a two-hundred day moving average of $105.92. The company has a quick ratio of 0.61, a current ratio of 0.67 and a debt-to-equity ratio of 0.34. The firm has a market capitalization of $214.89 billion, a P/E ratio of 24.44, a PEG ratio of 1.74 and a beta of 1.54.
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 for the quarter, topping the consensus estimate of $1.21 by $0.24. Walt Disney had a return on equity of 9.99% and a net margin of 9.47%. The company had revenue of $23.62 billion during the quarter, compared to the consensus estimate of $23.15 billion. During the same quarter in the prior year, the business earned $1.21 earnings per share. The company's revenue was up 7.0% compared to the same quarter last year. As a group, equities research analysts forecast that The Walt Disney Company will post 5.47 earnings per share for the current fiscal year.
Walt Disney Profile
(
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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