The Walt Disney Company (NYSE:DIS) Holdings Boosted by Van Cleef Asset Management Inc

Van Cleef Asset Management Inc lifted its stake in The Walt Disney Company (NYSE:DIS - Free Report) by 3.5% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 85,960 shares of the entertainment giant's stock after buying an additional 2,892 shares during the quarter. Walt Disney makes up 1.0% of Van Cleef Asset Management Inc's holdings, making the stock its 23rd largest position. Van Cleef Asset Management Inc's holdings in Walt Disney were worth $8,484,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. Mpwm Advisory Solutions LLC purchased a new position in Walt Disney during the fourth quarter worth approximately $27,000. Kessler Investment Group LLC boosted its position in Walt Disney by 274.0% during the first quarter. Kessler Investment Group LLC now owns 273 shares of the entertainment giant's stock worth $27,000 after purchasing an additional 200 shares in the last quarter. Pilgrim Partners Asia Pte Ltd purchased a new position in Walt Disney during the fourth quarter worth approximately $32,000. Copia Wealth Management purchased a new position in Walt Disney during the fourth quarter worth approximately $36,000. Finally, Vermillion Wealth Management Inc. purchased a new position in Walt Disney during the fourth quarter worth approximately $39,000. Hedge funds and other institutional investors own 65.71% of the company's stock.

Insider Buying and Selling

In other Walt Disney 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 value of $110,840.00. Following the completion of the transaction, the executive vice president directly owned 46,831 shares in the company, valued at $5,190,748.04. The trade was a 2.09% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.16% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on DIS shares. Morgan Stanley raised their target price on Walt Disney from $110.00 to $120.00 and gave the company an "overweight" rating in a research report on Thursday, May 8th. Barclays raised their target price on Walt Disney from $120.00 to $140.00 and gave the company an "overweight" rating in a research report on Wednesday. Citigroup raised their target price on Walt Disney from $125.00 to $140.00 and gave the company a "buy" rating in a research report on Wednesday. Loop Capital raised their target price on Walt Disney from $125.00 to $130.00 and gave the company a "buy" rating in a research report on Tuesday, June 10th. Finally, Rosenblatt Securities raised their target price on Walt Disney from $135.00 to $140.00 and gave the company a "buy" rating in a research report on Tuesday, June 3rd. Five analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $127.35.

Walt Disney Stock Down 0.9%

NYSE:DIS traded down $1.07 during mid-day trading on Wednesday, hitting $120.75. The company had a trading volume of 6,711,795 shares, compared to its average volume of 10,012,352. The business has a fifty day simple moving average of $113.14 and a 200-day simple moving average of $106.49. The company has a current ratio of 0.67, a quick ratio of 0.61 and a debt-to-equity ratio of 0.34. The Walt Disney Company has a 1 year low of $80.10 and a 1 year high of $124.69. The firm has a market capitalization of $217.08 billion, a price-to-earnings ratio of 24.69, a PEG ratio of 1.80 and a beta of 1.56.

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 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 return on equity of 9.99% and a net margin of 9.47%. The firm's revenue was up 7.0% compared to the same quarter last year. During the same period last year, the company posted $1.21 earnings per share. Equities analysts forecast that The Walt Disney Company will post 5.47 earnings per share for the current fiscal year.

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.