Douglas Lane & Associates LLC Has $62.77 Million Stock Holdings in The Walt Disney Company (NYSE:DIS)

Douglas Lane & Associates LLC lowered its holdings in shares of The Walt Disney Company (NYSE:DIS - Free Report) by 1.5% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 635,955 shares of the entertainment giant's stock after selling 9,783 shares during the quarter. Douglas Lane & Associates LLC's holdings in Walt Disney were worth $62,769,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Mpwm Advisory Solutions LLC bought a new position in shares of Walt Disney during the fourth quarter worth about $27,000. FPC Investment Advisory Inc. bought a new position in shares of Walt Disney during the fourth quarter worth about $28,000. Tacita Capital Inc grew its holdings in shares of 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 buying an additional 124 shares in the last quarter. Pilgrim Partners Asia Pte Ltd bought a new position in shares of Walt Disney during the fourth quarter worth about $32,000. Finally, Midwest Capital Advisors LLC bought a new position in shares of Walt Disney during the fourth quarter worth about $34,000. Institutional investors and hedge funds own 65.71% of the company's stock.

Analysts Set New Price Targets

A number of research analysts recently issued reports on DIS shares. Loop Capital increased their price objective on Walt Disney from $120.00 to $125.00 and gave the stock a "buy" rating in a report on Thursday, May 8th. Needham & Company LLC reiterated a "buy" rating and set a $125.00 price objective on shares of Walt Disney in a report on Thursday, May 8th. Barclays increased their price objective on Walt Disney from $115.00 to $120.00 and gave the stock an "overweight" rating in a report on Thursday, May 8th. Prescient Securities decreased their price objective on Walt Disney from $130.00 to $115.00 and set a "neutral" rating for the company in a report on Tuesday, February 4th. Finally, Morgan Stanley raised their price target on Walt Disney from $110.00 to $120.00 and gave the company an "overweight" rating in a research note on Thursday, May 8th. Six equities research analysts have rated the stock with a hold rating, seventeen have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, Walt Disney has an average rating of "Moderate Buy" and an average target price of $123.54.

Walt Disney Stock Performance

Shares of NYSE DIS traded down $0.17 during midday trading on Monday, hitting $112.87. 7,341,557 shares of the company's stock were exchanged, compared to its average volume of 10,038,185. The company has a quick ratio of 0.62, a current ratio of 0.68 and a debt-to-equity ratio of 0.36. The Walt Disney Company has a 12 month low of $80.10 and a 12 month high of $118.63. The company's 50 day moving average price is $97.05 and its 200 day moving average price is $105.68. The firm has a market capitalization of $202.91 billion, a PE ratio of 36.77, a price-to-earnings-growth ratio of 1.80 and a beta of 1.49.

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

Insider Buying and Selling

In related news, EVP Brent Woodford sold 1,000 shares of Walt Disney 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 directly owns 46,831 shares of the company's stock, valued at approximately $5,190,748.04. This trade represents a 2.09% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.16% of the stock is currently owned by insiders.

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.