The Walt Disney Company (NYSE:DIS) Shares Sold by White Pine Investment CO

White Pine Investment CO decreased its holdings in shares of The Walt Disney Company (NYSE:DIS - Free Report) by 10.7% during the first quarter, according to its most recent disclosure with the SEC. The fund owned 23,659 shares of the entertainment giant's stock after selling 2,836 shares during the period. White Pine Investment CO's holdings in Walt Disney were worth $2,335,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of DIS. Tyche Wealth Partners LLC lifted its stake in shares of Walt Disney by 11.0% during the first quarter. Tyche Wealth Partners LLC now owns 6,133 shares of the entertainment giant's stock worth $605,000 after buying an additional 608 shares during the period. Alpine Bank Wealth Management purchased a new position in Walt Disney in the 1st quarter worth $191,000. Golden State Wealth Management LLC lifted its position in Walt Disney by 171.0% during the 1st quarter. Golden State Wealth Management LLC now owns 16,349 shares of the entertainment giant's stock worth $1,615,000 after acquiring an additional 10,317 shares during the period. Aurora Private Wealth Inc. purchased a new stake in Walt Disney during the 1st quarter valued at about $1,337,000. Finally, waypoint wealth counsel increased its holdings in shares of Walt Disney by 12.8% in the first quarter. waypoint wealth counsel now owns 2,668 shares of the entertainment giant's stock valued at $263,000 after purchasing an additional 302 shares during the period. Institutional investors and hedge funds own 65.71% of the company's stock.

Insider Activity

In other news, EVP Brent Woodford sold 1,000 shares of the stock in a transaction 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 sale, the executive vice president now owns 46,831 shares in the company, valued at approximately $5,190,748.04. This 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. Corporate insiders own 0.16% of the company's stock.

Walt Disney Price Performance

Shares of NYSE:DIS opened at $119.53 on Thursday. The Walt Disney Company has a fifty-two week low of $80.10 and a fifty-two week 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 business has a 50-day moving average of $106.76 and a two-hundred day moving average of $105.92. The stock has a market capitalization of $214.89 billion, a P/E ratio of 24.44, a P/E/G ratio of 1.74 and a beta of 1.54.

Walt Disney (NYSE:DIS - Get Free Report) last announced its earnings results on Wednesday, May 7th. The entertainment giant reported $1.45 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.21 by $0.24. Walt Disney had a net margin of 9.47% and a return on equity of 9.99%. The business had revenue of $23.62 billion for the quarter, compared to analyst estimates of $23.15 billion. During the same quarter in the previous year, the firm posted $1.21 earnings per share. Walt Disney's revenue was up 7.0% compared to the same quarter last year. On average, equities research analysts predict that The Walt Disney Company will post 5.47 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the company. UBS Group lifted their target price on Walt Disney from $105.00 to $120.00 and gave the stock a "buy" rating in a report on Thursday, May 8th. Barclays lifted their price objective on shares of Walt Disney from $115.00 to $120.00 and gave the company an "overweight" rating in a research note on Thursday, May 8th. Wolfe Research raised shares of Walt Disney from a "peer perform" rating to an "outperform" rating and set a $112.00 price objective on the stock in a report on Monday, April 21st. Rosenblatt Securities raised their target price on shares of Walt Disney from $135.00 to $140.00 and gave the stock a "buy" rating in a report on Tuesday, June 3rd. Finally, Loop Capital upped their price target on shares of Walt Disney from $125.00 to $130.00 and gave the company a "buy" rating in a report on Tuesday, June 10th. Six analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $123.96.

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.

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