Whittier Trust Co. Buys 4,911 Shares of The Walt Disney Company (NYSE:DIS)

Whittier Trust Co. lifted its stake in The Walt Disney Company (NYSE:DIS - Free Report) by 1.5% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 336,358 shares of the entertainment giant's stock after buying an additional 4,911 shares during the period. Whittier Trust Co.'s holdings in Walt Disney were worth $33,198,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Planning Directions Inc. acquired a new position in shares of Walt Disney in the 1st quarter worth approximately $326,000. Trek Financial LLC boosted its position in shares of Walt Disney by 479.9% in the 4th quarter. Trek Financial LLC now owns 36,320 shares of the entertainment giant's stock worth $4,044,000 after purchasing an additional 30,057 shares during the last quarter. WoodTrust Financial Corp lifted its holdings in Walt Disney by 6.7% during the first quarter. WoodTrust Financial Corp now owns 96,158 shares of the entertainment giant's stock worth $9,491,000 after acquiring an additional 6,047 shares in the last quarter. Bank of Stockton lifted its holdings in Walt Disney by 4.4% during the first quarter. Bank of Stockton now owns 9,091 shares of the entertainment giant's stock worth $897,000 after acquiring an additional 383 shares in the last quarter. Finally, Rheos Capital Works Inc. raised its stake in shares of Walt Disney by 164.7% in the 1st quarter. Rheos Capital Works Inc. now owns 395,400 shares of the entertainment giant's stock valued at $39,026,000 after purchasing an additional 246,000 shares during the period. 65.71% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms recently issued reports on DIS. Citigroup lifted 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, July 9th. Needham & Company LLC restated a "buy" rating and set a $125.00 price objective on shares of Walt Disney in a report on Thursday, May 8th. Guggenheim boosted their price target on Walt Disney from $120.00 to $140.00 and gave the company a "buy" rating in a research note on Friday, June 27th. Jefferies Financial Group upgraded Walt Disney from a "hold" rating to a "buy" rating and upped their target price for the stock from $100.00 to $144.00 in a research note on Monday, June 30th. Finally, Loop Capital upped their price target on shares of Walt Disney from $125.00 to $130.00 and gave the stock a "buy" rating in a report on Tuesday, June 10th. Five investment analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $128.13.

Walt Disney Stock Performance

NYSE:DIS traded up $2.41 during trading hours on Thursday, reaching $122.23. The company had a trading volume of 9,930,121 shares, compared to its average volume of 9,994,837. 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 52 week low of $80.10 and a 52 week high of $124.69. The firm has a market cap of $219.74 billion, a price-to-earnings ratio of 25.00, a PEG ratio of 1.74 and a beta of 1.56. The firm's 50 day moving average price is $116.35 and its 200-day moving average price is $106.86.

Walt Disney (NYSE:DIS - Get Free Report) last issued its quarterly earnings data on Wednesday, May 7th. The entertainment giant reported $1.45 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $23.62 billion during the quarter, compared to the consensus estimate of $23.15 billion. During the same quarter in the previous year, the firm posted $1.21 EPS. The company's revenue for the quarter was up 7.0% compared to the same quarter last year. On average, analysts forecast that The Walt Disney Company will post 5.47 EPS for the current year.

Insider Activity

In related news, EVP Brent Woodford sold 1,000 shares of the company's stock in a transaction on Tuesday, May 13th. The shares were 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 owned 46,831 shares of the company's stock, valued at approximately $5,190,748.04. This represents a 2.09% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. 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.