The Walt Disney Company (NYSE:DIS) Shares Sold by Chapin Davis Inc.

Chapin Davis Inc. reduced its position in The Walt Disney Company (NYSE:DIS) by 2.0% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 20,691 shares of the entertainment giant’s stock after selling 428 shares during the quarter. Walt Disney comprises approximately 0.9% of Chapin Davis Inc.’s portfolio, making the stock its 24th biggest position. Chapin Davis Inc.’s holdings in Walt Disney were worth $2,532,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the business. Mcdonald Partners LLC increased its position in Walt Disney by 0.5% in the first quarter. Mcdonald Partners LLC now owns 17,975 shares of the entertainment giant’s stock worth $2,199,000 after buying an additional 88 shares during the period. Sendero Wealth Management LLC grew its position in shares of Walt Disney by 2.0% during the first quarter. Sendero Wealth Management LLC now owns 4,649 shares of the entertainment giant’s stock worth $569,000 after acquiring an additional 89 shares during the last quarter. Pflug Koory LLC increased its holdings in shares of Walt Disney by 1.0% in the 1st quarter. Pflug Koory LLC now owns 8,993 shares of the entertainment giant’s stock worth $1,100,000 after acquiring an additional 91 shares during the period. McLean Asset Management Corp lifted its position in Walt Disney by 3.2% in the 1st quarter. McLean Asset Management Corp now owns 3,137 shares of the entertainment giant’s stock valued at $370,000 after purchasing an additional 96 shares during the last quarter. Finally, Destiny Wealth Partners LLC lifted its position in Walt Disney by 2.9% in the 1st quarter. Destiny Wealth Partners LLC now owns 3,517 shares of the entertainment giant’s stock valued at $430,000 after purchasing an additional 98 shares during the last quarter. 65.71% of the stock is currently owned by hedge funds and other institutional investors.

Walt Disney Stock Up 0.1 %

NYSE:DIS opened at $99.35 on Monday. The business’s fifty day moving average price is $104.76 and its 200 day moving average price is $104.74. The firm has a market capitalization of $181.12 billion, a price-to-earnings ratio of 108.00, a PEG ratio of 1.23 and a beta of 1.40. The company has a current ratio of 0.75, a quick ratio of 0.69 and a debt-to-equity ratio of 0.38. The Walt Disney Company has a 1-year low of $78.73 and a 1-year high of $123.74.

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

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on DIS. Morgan Stanley lifted their price target on Walt Disney from $110.00 to $135.00 and gave the company an “overweight” rating in a report on Monday, March 4th. The Goldman Sachs Group began coverage on Walt Disney in a research note on Tuesday, June 25th. They set a “buy” rating and a $125.00 target price on the stock. Redburn Atlantic raised Walt Disney from a “sell” rating to a “neutral” rating and set a $100.00 price target for the company in a research note on Tuesday, May 21st. Loop Capital lifted their price objective on shares of Walt Disney from $113.00 to $140.00 and gave the company a “buy” rating in a research note on Monday, May 6th. Finally, Macquarie increased their target price on shares of Walt Disney from $104.00 to $107.00 and gave the company a “neutral” rating in a research report on Monday, May 13th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and twenty-two have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $126.50.

Insider Activity

In related news, EVP Sonia L. Coleman sold 4,400 shares of Walt Disney 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Walt Disney news, Director James P. Gorman acquired 20,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 8th. The stock was purchased at an average cost of $106.03 per share, for a total transaction of $2,120,600.00. Following the completion of the acquisition, the director now owns 20,467 shares of the company’s stock, valued at approximately $2,170,116.01. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Sonia L. Coleman sold 4,400 shares of the firm’s stock in a transaction dated Thursday, May 9th. The shares were sold at an average price of $106.00, for a total value of $466,400.00. The disclosure for this sale can be found here. 0.10% of the stock is currently owned by corporate 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.