Procyon Advisors LLC Raises Position in The Walt Disney Company (NYSE:DIS)

Procyon Advisors LLC raised its stake in The Walt Disney Company (NYSE:DIS - Free Report) by 4.5% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 77,285 shares of the entertainment giant's stock after purchasing an additional 3,316 shares during the quarter. Procyon Advisors LLC's holdings in Walt Disney were worth $7,628,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of the stock. Trek Financial LLC lifted its holdings in Walt Disney by 479.9% during the 4th quarter. Trek Financial LLC now owns 36,320 shares of the entertainment giant's stock worth $4,044,000 after purchasing an additional 30,057 shares during the last quarter. Greystone Financial Group LLC lifted its holdings in Walt Disney by 13.3% during the 4th quarter. Greystone Financial Group LLC now owns 85,187 shares of the entertainment giant's stock worth $9,486,000 after purchasing an additional 9,967 shares during the last quarter. FourThought Financial Partners LLC acquired a new stake in Walt Disney during the 4th quarter worth approximately $446,000. Alecta Tjanstepension Omsesidigt lifted its holdings in Walt Disney by 2.9% during the 4th quarter. Alecta Tjanstepension Omsesidigt now owns 3,569,400 shares of the entertainment giant's stock worth $397,667,000 after purchasing an additional 100,000 shares during the last quarter. Finally, Cape Investment Advisory Inc. lifted its holdings in Walt Disney by 18.6% during the 4th quarter. Cape Investment Advisory Inc. now owns 14,467 shares of the entertainment giant's stock worth $1,611,000 after purchasing an additional 2,272 shares during the last quarter. 65.71% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related 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 transaction, the executive vice president now directly owns 46,831 shares of the company's stock, valued at approximately $5,190,748.04. This represents a 2.09% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.16% of the stock is owned by company insiders.

Walt Disney Trading Up 1.3%

Shares of NYSE 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 10,015,956. The company's fifty day moving average price is $98.47 and its 200-day moving average price is $105.80. The Walt Disney Company has a 12 month low of $80.10 and a 12 month high of $118.63. The stock has a market cap of $204.85 billion, a P/E ratio of 37.12, a PEG ratio of 1.80 and a beta of 1.49. The company has a quick ratio of 0.62, a current ratio of 0.68 and a debt-to-equity ratio of 0.36.

Walt Disney (NYSE:DIS - Get Free Report) last announced its earnings results on Wednesday, May 7th. The entertainment giant reported $1.45 EPS for the quarter, beating the consensus estimate of $1.21 by $0.24. Walt Disney had a return on equity of 9.95% and a net margin of 6.07%. The company had revenue of $23.62 billion for the quarter, compared to analyst estimates of $23.15 billion. During the same quarter in the prior year, the company earned $1.21 EPS. The firm's revenue for the quarter was up 7.0% compared to the same quarter last year. As a group, research analysts expect that The Walt Disney Company will post 5.47 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on DIS shares. Needham & Company LLC reissued a "buy" rating and set a $125.00 price target on shares of Walt Disney in a report on Thursday, May 8th. Barclays lifted their price objective on Walt Disney from $115.00 to $120.00 and gave the company an "overweight" rating in a report on Thursday, May 8th. Loop Capital lifted their price objective on Walt Disney from $120.00 to $125.00 and gave the company a "buy" rating in a report on Thursday, May 8th. Rosenblatt Securities boosted their price target on Walt Disney from $135.00 to $140.00 and gave the stock a "buy" rating in a report on Tuesday. Finally, Wolfe Research raised Walt Disney from a "peer perform" rating to an "outperform" rating and set a $112.00 price target for the company in a report on Monday, April 21st. 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. Based on data from MarketBeat.com, Walt Disney presently has an average rating of "Moderate Buy" and a consensus target price 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.