Loring Wolcott & Coolidge Fiduciary Advisors LLP MA Has $4.16 Million Stock Holdings in The Walt Disney Company (NYSE:DIS)

Loring Wolcott & Coolidge Fiduciary Advisors LLP MA trimmed its stake in shares of The Walt Disney Company (NYSE:DIS - Free Report) by 5.5% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 42,103 shares of the entertainment giant's stock after selling 2,474 shares during the period. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA's holdings in Walt Disney were worth $4,156,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of DIS. Trek Financial LLC boosted its holdings in shares of Walt Disney by 479.9% in the fourth quarter. Trek Financial LLC now owns 36,320 shares of the entertainment giant's stock worth $4,044,000 after buying an additional 30,057 shares during the period. WoodTrust Financial Corp lifted its position in shares of Walt Disney by 6.7% in the 1st quarter. WoodTrust Financial Corp now owns 96,158 shares of the entertainment giant's stock valued at $9,491,000 after acquiring an additional 6,047 shares in the last quarter. Bank of Stockton lifted its position in shares of Walt Disney by 4.4% in the 1st quarter. Bank of Stockton now owns 9,091 shares of the entertainment giant's stock valued at $897,000 after acquiring an additional 383 shares in the last quarter. Rheos Capital Works Inc. boosted its stake in Walt Disney by 164.7% in the 1st quarter. Rheos Capital Works Inc. now owns 395,400 shares of the entertainment giant's stock worth $39,026,000 after purchasing an additional 246,000 shares during the period. Finally, Merit Financial Group LLC grew its position in Walt Disney by 47.0% during the 1st quarter. Merit Financial Group LLC now owns 57,172 shares of the entertainment giant's stock worth $5,643,000 after purchasing an additional 18,272 shares in the last quarter. Institutional investors and hedge funds own 65.71% of the company's stock.

Walt Disney Stock Up 1.9%

DIS stock opened at $121.64 on Friday. The firm has a market cap of $218.69 billion, a PE ratio of 24.88, a PEG ratio of 1.75 and a beta of 1.54. The Walt Disney Company has a 1 year low of $80.10 and a 1 year high of $121.83. The company has a fifty day simple moving average of $107.50 and a 200 day simple moving average of $105.97. The company has a current ratio of 0.67, a quick ratio of 0.61 and a debt-to-equity ratio of 0.34.

Walt Disney (NYSE:DIS - Get Free Report) last posted its earnings results on Wednesday, May 7th. The entertainment giant reported $1.45 earnings per share for the quarter, beating the consensus estimate of $1.21 by $0.24. The company had revenue of $23.62 billion for the quarter, compared to analyst estimates of $23.15 billion. Walt Disney had a return on equity of 9.99% and a net margin of 9.47%. The business's revenue was up 7.0% compared to the same quarter last year. During the same period last year, the company earned $1.21 earnings per share. Sell-side analysts anticipate that The Walt Disney Company will post 5.47 EPS for the current fiscal year.

Insider Activity at Walt Disney

In other Walt Disney news, EVP Brent Woodford sold 1,000 shares of the company'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 transaction of $110,840.00. Following the completion of the sale, the executive vice president now owns 46,831 shares of the company's stock, valued at $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 Securities & Exchange Commission, which is available through the SEC website. 0.16% of the stock is owned by company insiders.

Analyst Ratings Changes

Several brokerages have issued reports on DIS. Needham & Company LLC reissued a "buy" rating and set a $125.00 target price on shares of Walt Disney in a research note on Thursday, May 8th. Rosenblatt Securities upped their price target on Walt Disney from $135.00 to $140.00 and gave the company a "buy" rating in a research report on Tuesday, June 3rd. Wolfe Research raised Walt Disney from a "peer perform" rating to an "outperform" rating and set a $112.00 price objective for the company in a research note on Monday, April 21st. Morgan Stanley lifted their target price on Walt Disney from $110.00 to $120.00 and gave the company an "overweight" rating in a research note on Thursday, May 8th. Finally, Loop Capital upped their target price on Walt Disney from $125.00 to $130.00 and gave the company a "buy" rating in a report on Tuesday, June 10th. 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 stock. According to data from MarketBeat, Walt Disney presently has a consensus rating of "Moderate Buy" and an average price target of $123.96.

Walt Disney Company 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.

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