Oak Asset Management LLC Has $1.63 Million Holdings in The Walt Disney Company (NYSE:DIS)

Oak Asset Management LLC raised its holdings in The Walt Disney Company (NYSE:DIS - Free Report) by 217.0% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 16,469 shares of the entertainment giant's stock after purchasing an additional 11,274 shares during the period. Oak Asset Management LLC's holdings in Walt Disney were worth $1,626,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the stock. Geode Capital Management LLC lifted its stake in Walt Disney by 2.2% during the fourth quarter. Geode Capital Management LLC now owns 38,482,309 shares of the entertainment giant's stock worth $4,272,590,000 after purchasing an additional 809,989 shares during the last quarter. Northern Trust Corp increased its stake in Walt Disney by 10.4% during the fourth quarter. Northern Trust Corp now owns 22,242,415 shares of the entertainment giant's stock valued at $2,476,693,000 after purchasing an additional 2,096,431 shares during the last quarter. Norges Bank acquired a new stake in shares of Walt Disney during the fourth quarter worth $2,415,427,000. Bank of New York Mellon Corp lifted its position in shares of Walt Disney by 15.5% in the 4th quarter. Bank of New York Mellon Corp now owns 17,104,295 shares of the entertainment giant's stock worth $1,904,563,000 after buying an additional 2,300,912 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of Walt Disney by 21.8% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 16,867,017 shares of the entertainment giant's stock worth $1,878,142,000 after buying an additional 3,016,339 shares during the last quarter. 65.71% of the stock is currently owned by institutional investors.

Walt Disney Trading Up 1.3%

DIS traded up $1.42 during trading on Friday, reaching $113.95. The company had a trading volume of 5,786,189 shares, compared to its average volume of 10,016,982. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.62 and a current ratio of 0.68. The Walt Disney Company has a 12-month low of $80.10 and a 12-month high of $118.63. The company has a market cap of $204.85 billion, a price-to-earnings ratio of 37.12, a PEG ratio of 1.80 and a beta of 1.49. The firm's 50-day simple moving average is $98.14 and its 200 day simple moving average is $105.80.

Walt Disney (NYSE:DIS - Get Free Report) last released 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 analysts' expectations of $23.15 billion. Walt Disney had a return on equity of 9.95% and a net margin of 6.07%. The business's revenue for the quarter was up 7.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.21 EPS. Equities research analysts anticipate that The Walt Disney Company will post 5.47 earnings per share for the current year.

Insider Buying and Selling at Walt Disney

In other 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 transaction, the executive vice president now directly owns 46,831 shares in the company, valued at $5,190,748.04. The trade was a 2.09% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 0.16% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on DIS. Needham & Company LLC reaffirmed a "buy" rating and set a $125.00 price objective on shares of Walt Disney in a research report on Thursday, May 8th. Wolfe Research raised Walt Disney from a "peer perform" rating to an "outperform" rating and set a $112.00 target price for the company in a report on Monday, April 21st. Barclays increased their price target on Walt Disney from $115.00 to $120.00 and gave the stock an "overweight" rating in a research report on Thursday, May 8th. Morgan Stanley boosted their price objective on Walt Disney from $110.00 to $120.00 and gave the company an "overweight" rating in a research report on Thursday, May 8th. Finally, Guggenheim lowered their price objective 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 research 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, Walt Disney has an average rating of "Moderate Buy" and a consensus price target of $123.75.

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.