Hunter Perkins Capital Management LLC Sells 16,007 Shares of The Walt Disney Company (NYSE:DIS)

Hunter Perkins Capital Management LLC lessened its stake in shares of The Walt Disney Company (NYSE:DIS - Free Report) by 34.8% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 30,018 shares of the entertainment giant's stock after selling 16,007 shares during the quarter. Hunter Perkins Capital Management LLC's holdings in Walt Disney were worth $2,963,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in DIS. Brighton Jones LLC grew its holdings in Walt Disney by 7.7% during the fourth quarter. Brighton Jones LLC now owns 26,767 shares of the entertainment giant's stock worth $2,980,000 after acquiring an additional 1,904 shares during the period. Los Angeles Capital Management LLC grew its stake in shares of Walt Disney by 117.5% in the 4th quarter. Los Angeles Capital Management LLC now owns 29,071 shares of the entertainment giant's stock worth $3,237,000 after purchasing an additional 15,708 shares during the last quarter. Whipplewood Advisors LLC bought a new stake in shares of Walt Disney in the 4th quarter worth approximately $368,000. NewEdge Wealth LLC raised its holdings in shares of Walt Disney by 14.0% in the 4th quarter. NewEdge Wealth LLC now owns 15,708 shares of the entertainment giant's stock worth $1,749,000 after purchasing an additional 1,926 shares in the last quarter. Finally, Cable Hill Partners LLC boosted its holdings in Walt Disney by 6.0% during the fourth quarter. Cable Hill Partners LLC now owns 4,160 shares of the entertainment giant's stock worth $465,000 after buying an additional 236 shares in the last quarter. Institutional investors own 65.71% of the company's stock.

Insider Buying and Selling

In related news, EVP Brent Woodford sold 1,000 shares of the firm's stock in a transaction that occurred on Tuesday, May 13th. The stock was sold at an average price of $110.84, for a total value of $110,840.00. Following the transaction, the executive vice president now directly owns 46,831 shares of the company's stock, valued at approximately $5,190,748.04. This trade represents a 2.09% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 0.16% of the stock is currently owned by corporate insiders.

Walt Disney Stock Up 0.8%

DIS traded up $0.93 during trading on Friday, reaching $122.39. 13,368,267 shares of the stock traded hands, compared to its average volume of 10,111,125. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.67 and a quick ratio of 0.61. The Walt Disney Company has a fifty-two week low of $80.10 and a fifty-two week high of $122.93. The stock's 50-day simple moving average is $107.50 and its two-hundred day simple moving average is $105.97. The stock has a market cap of $220.02 billion, a price-to-earnings ratio of 25.03, a price-to-earnings-growth ratio of 1.75 and a beta of 1.54.

Walt Disney (NYSE:DIS - Get Free Report) last posted its earnings results on Wednesday, May 7th. The entertainment giant reported $1.45 EPS for the quarter, topping the consensus estimate of $1.21 by $0.24. The company had revenue of $23.62 billion during the quarter, compared to the consensus estimate of $23.15 billion. Walt Disney had a net margin of 9.47% and a return on equity of 9.99%. The company's revenue for the quarter was up 7.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.21 earnings per share. As a group, equities research analysts expect that The Walt Disney Company will post 5.47 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the company. Loop Capital upped their price target on Walt Disney from $125.00 to $130.00 and gave the company a "buy" rating in a report on Tuesday, June 10th. Morgan Stanley boosted their target price on Walt Disney from $110.00 to $120.00 and gave the stock an "overweight" rating in a research report on Thursday, May 8th. Barclays upped their target price on Walt Disney from $115.00 to $120.00 and gave the company an "overweight" rating in a report on Thursday, May 8th. Wolfe Research raised 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. Finally, Guggenheim upped their price objective on shares of Walt Disney from $120.00 to $140.00 and gave the company a "buy" rating in a research note on Friday. Six investment analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $124.79.

About Walt Disney

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.