Plimoth Trust Co. LLC Has $2.60 Million Stock Position in The Walt Disney Company (NYSE:DIS)

Plimoth Trust Co. LLC grew its holdings in The Walt Disney Company (NYSE:DIS - Free Report) by 11.6% in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 26,376 shares of the entertainment giant's stock after buying an additional 2,734 shares during the quarter. Plimoth Trust Co. LLC's holdings in Walt Disney were worth $2,603,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. Trek Financial LLC raised its stake in shares of Walt Disney by 479.9% in the 4th quarter. Trek Financial LLC now owns 36,320 shares of the entertainment giant's stock valued at $4,044,000 after buying an additional 30,057 shares in the last quarter. Greystone Financial Group LLC raised its stake in shares of Walt Disney by 13.3% in the 4th quarter. Greystone Financial Group LLC now owns 85,187 shares of the entertainment giant's stock valued at $9,486,000 after buying an additional 9,967 shares in the last quarter. FourThought Financial Partners LLC acquired a new position in shares of Walt Disney in the 4th quarter valued at $446,000. Rheos Capital Works Inc. raised its stake in shares of Walt Disney by 164.7% in the 1st quarter. Rheos Capital Works Inc. now owns 395,400 shares of the entertainment giant's stock valued at $39,026,000 after buying an additional 246,000 shares in the last quarter. Finally, Merit Financial Group LLC raised its stake in shares of Walt Disney by 47.0% in the 1st quarter. Merit Financial Group LLC now owns 57,172 shares of the entertainment giant's stock valued at $5,643,000 after buying an additional 18,272 shares in the last quarter. Institutional investors and hedge funds own 65.71% of the company's stock.

Walt Disney Trading Down 0.2%

Shares of NYSE DIS traded down $0.25 during mid-day trading on Friday, hitting $117.61. The company's stock had a trading volume of 17,150,479 shares, compared to its average volume of 10,129,429. The stock has a market cap of $211.44 billion, a price-to-earnings ratio of 24.05, a price-to-earnings-growth ratio of 1.73 and a beta of 1.54. 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 one year low of $80.10 and a one year high of $120.50. The company's fifty day simple moving average is $104.69 and its 200-day simple moving average is $105.88.

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 (EPS) 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 net margin of 9.47% and a return on equity of 9.99%. The company's revenue for the quarter was up 7.0% on a year-over-year basis. During the same quarter last year, the firm earned $1.21 EPS. On average, sell-side analysts anticipate that The Walt Disney Company will post 5.47 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on DIS shares. UBS Group increased their price objective on shares of Walt Disney from $105.00 to $120.00 and gave the company a "buy" rating in a research note on Thursday, May 8th. Rosenblatt Securities increased their target price on shares of Walt Disney from $135.00 to $140.00 and gave the stock a "buy" rating in a research report on Tuesday, June 3rd. Needham & Company LLC reiterated a "buy" rating and set a $125.00 target price on shares of Walt Disney in a research report on Thursday, May 8th. Wolfe Research upgraded shares of Walt Disney from a "peer perform" rating to an "outperform" rating and set a $112.00 target price for the company in a research report on Monday, April 21st. Finally, Barclays increased their target price on shares of Walt Disney from $115.00 to $120.00 and gave the stock an "overweight" rating in a research report on Thursday, May 8th. Six research analysts have rated the stock with a hold rating, seventeen have issued a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $123.96.

Insider Activity

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

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.