Norway Savings Bank reduced its position in The Walt Disney Company (NYSE:DIS - Free Report) by 38.5% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 6,715 shares of the entertainment giant's stock after selling 4,209 shares during the period. Norway Savings Bank's holdings in Walt Disney were worth $663,000 at the end of the most recent quarter.
Several other hedge funds also recently bought and sold shares of the company. Mpwm Advisory Solutions LLC acquired a new position in shares of Walt Disney during the 4th quarter valued at about $27,000. FPC Investment Advisory Inc. acquired a new position in shares of Walt Disney during the 4th quarter valued at about $28,000. Tacita Capital Inc grew its holdings in Walt Disney by 93.2% in the 4th quarter. Tacita Capital Inc now owns 257 shares of the entertainment giant's stock valued at $29,000 after buying an additional 124 shares during the last quarter. Pilgrim Partners Asia Pte Ltd acquired a new stake in Walt Disney in the 4th quarter valued at approximately $32,000. Finally, Midwest Capital Advisors LLC acquired a new stake in Walt Disney in the 4th quarter valued at approximately $34,000. 65.71% of the stock is owned by institutional investors and hedge funds.
Insider Transactions at Walt Disney
In other news, EVP Brent Woodford sold 1,000 shares of the 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 owns 46,831 shares in the company, valued at approximately $5,190,748.04. This trade represents a 2.09% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.16% of the stock is owned by insiders.
Walt Disney Trading Down 0.2%
Shares of DIS stock traded down $0.25 on Friday, reaching $117.61. 17,150,479 shares of the stock were exchanged, compared to its average volume of 10,113,022. The stock has a market cap of $211.44 billion, a PE ratio of 24.05, a P/E/G ratio of 1.72 and a beta of 1.54. The Walt Disney Company has a one year low of $80.10 and a one year high of $120.50. 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 stock has a 50 day moving average price of $104.69 and a 200 day moving average price of $105.80.
Walt Disney (NYSE:DIS - Get Free Report) last released its quarterly earnings data on Wednesday, May 7th. The entertainment giant reported $1.45 EPS for the quarter, beating analysts' consensus estimates of $1.21 by $0.24. Walt Disney had a return on equity of 9.99% and a net margin of 9.47%. The business had revenue of $23.62 billion during the quarter, compared to the consensus estimate of $23.15 billion. During the same quarter in the prior year, the company posted $1.21 earnings per share. The firm's revenue was up 7.0% on a year-over-year basis. Equities research analysts forecast that The Walt Disney Company will post 5.47 EPS for the current fiscal year.
Wall Street Analyst Weigh In
A number of brokerages have commented on DIS. Needham & Company LLC reiterated a "buy" rating and issued a $125.00 price objective on shares of Walt Disney in a research report on Thursday, May 8th. Rosenblatt Securities raised their price objective on Walt Disney from $135.00 to $140.00 and gave the stock a "buy" rating in a research report on Tuesday, June 3rd. Wolfe Research upgraded Walt Disney from a "peer perform" rating to an "outperform" rating and set a $112.00 price objective for the company in a research report on Monday, April 21st. Loop Capital raised their price objective on Walt Disney from $125.00 to $130.00 and gave the stock a "buy" rating in a research report on Tuesday, June 10th. Finally, UBS Group raised their price objective on Walt Disney from $105.00 to $120.00 and gave the stock a "buy" rating in a research report on Thursday, May 8th. Six investment 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 data from MarketBeat.com, Walt Disney presently has an average rating of "Moderate Buy" and an average target price of $123.96.
View Our Latest Report on DIS
About Walt Disney
(
Free Report)
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.
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