Pitcairn Co. Boosts Holdings in The Walt Disney Company (NYSE:DIS)

Pitcairn Co. raised its holdings in shares of The Walt Disney Company (NYSE:DISFree Report) by 45.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 41,615 shares of the entertainment giant’s stock after acquiring an additional 12,983 shares during the period. Pitcairn Co.’s holdings in Walt Disney were worth $3,757,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Planned Solutions Inc. bought a new stake in shares of Walt Disney in the fourth quarter worth about $26,000. Gold Investment Management Ltd. bought a new position in shares of Walt Disney in the fourth quarter worth approximately $28,000. Partnership Wealth Management LLC bought a new stake in shares of Walt Disney in the 4th quarter worth $33,000. Stone House Investment Management LLC increased its holdings in Walt Disney by 355.3% in the 4th quarter. Stone House Investment Management LLC now owns 346 shares of the entertainment giant’s stock worth $31,000 after buying an additional 270 shares in the last quarter. Finally, Fortis Group Advisors LLC bought a new position in Walt Disney during the 3rd quarter valued at about $30,000. Institutional investors own 65.71% of the company’s stock.

Walt Disney Stock Performance

NYSE:DIS traded down $0.09 during midday trading on Wednesday, reaching $100.78. The stock had a trading volume of 4,629,633 shares, compared to its average volume of 11,554,717. The Walt Disney Company has a 12-month low of $78.73 and a 12-month high of $123.74. The stock has a market cap of $183.73 billion, a P/E ratio of 110.20, a P/E/G ratio of 1.28 and a beta of 1.40. The company has a quick ratio of 0.69, a current ratio of 0.75 and a debt-to-equity ratio of 0.38. The firm has a fifty day simple moving average of $108.48 and a two-hundred day simple moving average of $103.93.

Walt Disney (NYSE:DISGet Free Report) last released its quarterly earnings data on Tuesday, May 7th. The entertainment giant reported $1.21 EPS for the quarter, topping analysts’ consensus estimates of $1.12 by $0.09. Walt Disney had a net margin of 1.90% and a return on equity of 8.37%. The firm had revenue of $22.08 billion for the quarter, compared to the consensus estimate of $22.12 billion. During the same quarter in the previous year, the firm earned $0.93 earnings per share. The firm’s revenue was up 1.2% on a year-over-year basis. On average, equities analysts expect that The Walt Disney Company will post 4.76 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on DIS. Loop Capital increased their price objective on shares of Walt Disney from $113.00 to $140.00 and gave the stock a “buy” rating in a research note on Monday, May 6th. Evercore ISI lowered their price target on Walt Disney from $130.00 to $128.00 and set an “outperform” rating on the stock in a report on Wednesday, May 8th. Guggenheim increased their price objective on shares of Walt Disney from $125.00 to $140.00 and gave the company a “buy” rating in a report on Wednesday, April 3rd. Raymond James upped their target price on shares of Walt Disney from $112.00 to $128.00 and gave the stock an “outperform” rating in a research report on Tuesday, March 26th. Finally, Argus boosted their price target on shares of Walt Disney from $125.00 to $140.00 and gave the stock a “buy” rating in a research note on Wednesday, April 10th. One research analyst has rated the stock with a sell rating, three have given a hold rating and twenty-two have assigned a buy rating to the company’s stock. According to MarketBeat.com, Walt Disney presently has an average rating of “Moderate Buy” and an average price target of $126.29.

Check Out Our Latest Research Report on Walt Disney

Insiders Place Their Bets

In related news, EVP Sonia L. Coleman sold 4,400 shares of the stock in a transaction dated Thursday, May 9th. The shares were sold at an average price of $106.00, for a total transaction of $466,400.00. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, EVP Sonia L. Coleman sold 4,400 shares of the business’s stock in a transaction on Thursday, May 9th. The stock was sold at an average price of $106.00, for a total transaction of $466,400.00. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Sonia L. Coleman sold 1,857 shares of the stock in a transaction on Monday, April 1st. The stock was sold at an average price of $121.92, for a total transaction of $226,405.44. Following the transaction, the executive vice president now owns 4,400 shares in the company, valued at approximately $536,448. The disclosure for this sale can be found here. 0.10% of the stock is currently owned by insiders.

Walt Disney Company Profile

(Free Report)

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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Institutional Ownership by Quarter for Walt Disney (NYSE:DIS)

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