Woodmont Investment Counsel LLC Sells 512 Shares of The Walt Disney Company (NYSE:DIS)

Woodmont Investment Counsel LLC trimmed its stake in The Walt Disney Company (NYSE:DIS) by 4.6% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 10,542 shares of the entertainment giant’s stock after selling 512 shares during the quarter. Woodmont Investment Counsel LLC’s holdings in Walt Disney were worth $1,290,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in DIS. Planned Solutions Inc. bought a new position in shares of Walt Disney during the fourth quarter valued at $26,000. Gold Investment Management Ltd. bought a new position in shares of Walt Disney during the fourth quarter valued at $28,000. Fortis Group Advisors LLC bought a new position in shares of Walt Disney during the third quarter valued at $30,000. Stone House Investment Management LLC lifted its holdings in shares of Walt Disney by 355.3% during the fourth quarter. Stone House Investment Management LLC now owns 346 shares of the entertainment giant’s stock valued at $31,000 after purchasing an additional 270 shares in the last quarter. Finally, Partnership Wealth Management LLC bought a new position in shares of Walt Disney during the fourth quarter valued at $33,000. 65.71% of the stock is owned by institutional investors.

Walt Disney Price Performance

Shares of Walt Disney stock opened at $97.98 on Wednesday. The stock has a 50 day moving average of $104.48 and a 200 day moving average of $104.77. The Walt Disney Company has a 12 month low of $78.73 and a 12 month high of $123.74. The firm has a market cap of $178.62 billion, a PE ratio of 106.50, 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.

Walt Disney (NYSE:DIS) last announced its quarterly earnings results on Tuesday, May 7th. The entertainment giant reported $1.21 EPS 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 during the quarter, compared to analyst estimates of $22.12 billion. During the same period in the prior year, the company earned $0.93 earnings per share. The firm’s revenue was up 1.2% on a year-over-year basis. On average, research analysts expect that The Walt Disney Company will post 4.76 EPS for the current fiscal year.

Insider Activity at Walt Disney

In related news, Director James P. Gorman acquired 20,000 shares of the stock in a transaction dated Wednesday, May 8th. The stock was acquired at an average cost of $106.03 per share, with a total value of $2,120,600.00. Following the purchase, the director now directly owns 20,467 shares of the company’s stock, valued at $2,170,116.01. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In related news, Director James P. Gorman acquired 20,000 shares of the stock in a transaction dated Wednesday, May 8th. The stock was acquired at an average cost of $106.03 per share, with a total value of $2,120,600.00. Following the purchase, the director now directly owns 20,467 shares of the company’s stock, valued at $2,170,116.01. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Sonia L. Coleman sold 4,400 shares of the firm’s stock in a transaction that occurred on 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 owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the company. Macquarie upped their price target on Walt Disney from $104.00 to $107.00 and gave the company a “neutral” rating in a report on Monday, May 13th. Barclays lowered their price target on Walt Disney from $135.00 to $130.00 and set an “overweight” rating on the stock in a report on Wednesday, May 8th. Deutsche Bank Aktiengesellschaft upped their price objective on Walt Disney from $125.00 to $130.00 and gave the company a “buy” rating in a research report on Monday, May 6th. Guggenheim upped their price objective on Walt Disney from $125.00 to $140.00 and gave the company a “buy” rating in a research report on Wednesday, April 3rd. Finally, Daiwa Capital Markets reiterated a “buy” rating and set a $133.00 price objective on shares of Walt Disney in a research report on Monday, April 1st. One analyst has rated the stock with a sell rating, three have given a hold rating and twenty-three have assigned a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $126.44.

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.