New Hampshire Trust Sells 21,328 Shares of The Walt Disney Company (NYSE:DIS)

New Hampshire Trust reduced its position in The Walt Disney Company (NYSE:DIS - Free Report) by 78.3% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 5,917 shares of the entertainment giant's stock after selling 21,328 shares during the period. New Hampshire Trust's holdings in Walt Disney were worth $584,000 as of its most recent filing with the SEC.

Several other hedge funds have also bought and sold shares of DIS. Mpwm Advisory Solutions LLC acquired a new stake in Walt Disney in the 4th quarter valued at about $27,000. FPC Investment Advisory Inc. acquired a new stake in Walt Disney during the fourth quarter worth approximately $28,000. Tacita Capital Inc lifted its position in Walt Disney by 93.2% during the fourth quarter. Tacita Capital Inc now owns 257 shares of the entertainment giant's stock worth $29,000 after acquiring an additional 124 shares during the last quarter. Pilgrim Partners Asia Pte Ltd acquired a new stake in Walt Disney during the fourth quarter worth approximately $32,000. Finally, Midwest Capital Advisors LLC acquired a new stake in Walt Disney during the fourth quarter worth approximately $34,000. 65.71% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on DIS shares. The Goldman Sachs Group raised their price objective on shares of Walt Disney from $137.00 to $139.00 and gave the stock a "buy" rating in a research report on Tuesday, February 4th. Loop Capital raised their price objective on shares of Walt Disney from $120.00 to $125.00 and gave the stock a "buy" rating in a research report on Thursday, May 8th. Needham & Company LLC restated a "buy" rating and set a $125.00 price objective on shares of Walt Disney in a research report on Thursday, May 8th. Morgan Stanley raised their price objective on shares of Walt Disney from $110.00 to $120.00 and gave the stock an "overweight" rating in a research report on Thursday, May 8th. Finally, Guggenheim cut their price objective on shares of Walt Disney from $130.00 to $120.00 and set a "buy" rating for the company in a research report on Thursday, May 8th. Six analysts have rated the stock with a hold rating, seventeen have given a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat, Walt Disney presently has an average rating of "Moderate Buy" and a consensus price target of $123.54.

Insiders Place Their Bets

In other Walt Disney news, EVP Brent Woodford sold 1,000 shares of the business's stock in a transaction on Tuesday, May 13th. The shares were sold at an average price of $110.84, for a total transaction of $110,840.00. Following the sale, the executive vice president now owns 46,831 shares of the company's stock, valued at approximately $5,190,748.04. The trade was a 2.09% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 0.16% of the company's stock.

Walt Disney Price Performance

NYSE:DIS traded up $1.03 during mid-day trading on Friday, reaching $113.05. The stock had a trading volume of 12,878,557 shares, compared to its average volume of 10,048,260. The stock has a 50-day simple moving average of $97.05 and a two-hundred day simple moving average of $105.66. The stock has a market capitalization of $203.24 billion, a PE ratio of 36.82, a P/E/G ratio of 1.80 and a beta of 1.49. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.68 and a quick ratio of 0.62. The Walt Disney Company has a 12 month low of $80.10 and a 12 month high of $118.63.

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

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.