The Walt Disney Company (NYSE:DIS) Shares Acquired by Versant Capital Management Inc

Versant Capital Management Inc boosted its position in The Walt Disney Company (NYSE:DIS - Free Report) by 70.6% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 6,257 shares of the entertainment giant's stock after acquiring an additional 2,589 shares during the quarter. Versant Capital Management Inc's holdings in Walt Disney were worth $618,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the company. First Hawaiian Bank raised its holdings in Walt Disney by 27.6% in the first quarter. First Hawaiian Bank now owns 54,824 shares of the entertainment giant's stock valued at $5,411,000 after acquiring an additional 11,862 shares in the last quarter. Marotta Asset Management raised its holdings in Walt Disney by 4.1% in the first quarter. Marotta Asset Management now owns 3,747 shares of the entertainment giant's stock valued at $360,000 after acquiring an additional 149 shares in the last quarter. Marcum Wealth LLC increased its stake in Walt Disney by 5.8% in the first quarter. Marcum Wealth LLC now owns 11,041 shares of the entertainment giant's stock valued at $1,090,000 after purchasing an additional 603 shares during the last quarter. Cullen Investment Group LTD. raised its holdings in Walt Disney by 48.1% during the first quarter. Cullen Investment Group LTD. now owns 42,954 shares of the entertainment giant's stock worth $4,240,000 after purchasing an additional 13,957 shares in the last quarter. Finally, Confluence Investment Management LLC acquired a new stake in Walt Disney during the first quarter worth approximately $13,622,000. Institutional investors and hedge funds own 65.71% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have weighed in on DIS shares. The Goldman Sachs Group raised their price objective on shares of Walt Disney from $137.00 to $139.00 and gave the stock a "buy" rating in a report on Tuesday, February 4th. Barclays raised their price objective on shares of Walt Disney from $115.00 to $120.00 and gave the stock an "overweight" rating in a report on Thursday, May 8th. Prescient Securities cut their price objective on shares of Walt Disney from $130.00 to $115.00 and set a "neutral" rating on the stock in a report on Tuesday, February 4th. Guggenheim cut their price objective on shares of Walt Disney from $130.00 to $120.00 and set a "buy" rating on the stock in a report on Thursday, May 8th. Finally, UBS Group raised their price objective on shares of Walt Disney from $105.00 to $120.00 and gave the stock a "buy" rating in a report on Thursday, May 8th. Six research 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's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $123.54.

Walt Disney Price Performance

Walt Disney stock traded down $0.17 during midday trading on Monday, reaching $112.87. The company's stock had a trading volume of 7,341,557 shares, compared to its average volume of 10,038,255. The Walt Disney Company has a fifty-two week low of $80.10 and a fifty-two week high of $118.63. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.62 and a current ratio of 0.68. The stock's 50 day simple moving average is $97.29 and its 200 day simple moving average is $105.71. The firm has a market capitalization of $202.91 billion, a PE ratio of 36.77, a P/E/G ratio of 1.80 and a beta of 1.49.

Walt Disney (NYSE:DIS - Get Free Report) last released its earnings results 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 9.95% and a net margin of 6.07%. The company had revenue of $23.62 billion during the quarter, compared to the consensus estimate of $23.15 billion. During the same quarter last year, the company earned $1.21 earnings per share. Walt Disney's quarterly revenue was up 7.0% compared to the same quarter last year. On average, equities research analysts forecast that The Walt Disney Company will post 5.47 earnings per share for the current year.

Insider Buying and Selling at Walt Disney

In other news, EVP Brent Woodford sold 1,000 shares of Walt Disney 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 completion of the transaction, the executive vice president now owns 46,831 shares of the company's stock, valued at $5,190,748.04. The trade was a 2.09% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 0.16% of the stock is owned by corporate insiders.

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.