The Walt Disney Company (NYSE:DIS) Shares Sold by Wilkins Investment Counsel Inc.

Key Points

• Wilkins Investment Counsel Inc. has reduced its stake in The Walt Disney Company by 4.9%, ending the first quarter with 55,757 shares valued at approximately $5.5 million.
• Analysts have varied ratings for Disney, with most recent reports giving the stock a consensus rating of "Moderate Buy" and a price target of $128.13.
• The stock recently traded at $121.44 and has shown a one-year range between a low of $80.10 and a high of $124.69.

Wilkins Investment Counsel Inc. lowered its stake in The Walt Disney Company (NYSE:DIS - Free Report) by 4.9% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 55,757 shares of the entertainment giant's stock after selling 2,875 shares during the period. Wilkins Investment Counsel Inc.'s holdings in Walt Disney were worth $5,503,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of DIS. Mpwm Advisory Solutions LLC purchased a new stake in Walt Disney during the 4th quarter worth about $27,000. Kessler Investment Group LLC increased its position in Walt Disney by 274.0% during the 1st 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 stake in Walt Disney during the 4th quarter worth about $32,000. Copia Wealth Management acquired a new stake in Walt Disney in the 4th quarter worth about $36,000. Finally, Vermillion Wealth Management Inc. acquired a new stake in Walt Disney in the 4th quarter worth about $39,000. Institutional investors and hedge funds own 65.71% of the company's stock.

Analyst Ratings Changes

DIS has been the topic of a number of research analyst reports. Loop Capital raised their price target on Walt Disney from $125.00 to $130.00 and gave the stock a "buy" rating in a research note on Tuesday, June 10th. Needham & Company LLC reaffirmed a "buy" rating and issued a $125.00 price objective on shares of Walt Disney in a research note on Thursday, May 8th. Barclays lifted their price objective on Walt Disney from $120.00 to $140.00 and gave the company an "overweight" rating in a research note on Wednesday, July 9th. Wolfe Research raised Walt Disney from a "peer perform" rating to an "outperform" rating and set a $112.00 price objective on the stock in a research note on Monday, April 21st. Finally, Wall Street Zen downgraded Walt Disney from a "strong-buy" rating to a "buy" rating in a report on Sunday, July 20th. Five investment analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $128.13.

Walt Disney Stock Performance

Shares of NYSE DIS traded down $0.51 during trading on Friday, reaching $121.44. The stock had a trading volume of 5,587,104 shares, compared to its average volume of 7,479,350. The Walt Disney Company has a one year low of $80.10 and a one year high of $124.69. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.61 and a current ratio of 0.67. The stock has a market cap of $218.32 billion, a PE ratio of 24.83, a P/E/G ratio of 1.78 and a beta of 1.56. The firm's 50 day moving average price is $117.97 and its two-hundred day moving average price is $107.37.

Walt Disney (NYSE:DIS - Get Free Report) last issued its quarterly earnings results on Wednesday, May 7th. The entertainment giant reported $1.45 earnings per share 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 period in the previous year, the business earned $1.21 EPS. The business's quarterly revenue was up 7.0% on a year-over-year basis. On average, research analysts forecast that The Walt Disney Company will post 5.47 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, EVP Brent Woodford sold 1,000 shares of the company's 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 directly owned 46,831 shares in the company, valued at $5,190,748.04. This represents a 2.09% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.16% of the stock is currently owned by insiders.

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.