Perennial Advisors LLC Grows Stake in The Walt Disney Company (NYSE:DIS)

Perennial Advisors LLC lifted its holdings in shares of The Walt Disney Company (NYSE:DIS) by 8.1% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 61,288 shares of the entertainment giant’s stock after buying an additional 4,616 shares during the quarter. Perennial Advisors LLC’s holdings in Walt Disney were worth $6,049,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the business. Clean Yield Group lifted its stake in shares of Walt Disney by 4.7% during the 1st quarter. Clean Yield Group now owns 5,539 shares of the entertainment giant’s stock valued at $547,000 after buying an additional 250 shares in the last quarter. Perkins Coie Trust Co lifted its stake in shares of Walt Disney by 1.1% during the 1st quarter. Perkins Coie Trust Co now owns 29,950 shares of the entertainment giant’s stock valued at $2,956,000 after buying an additional 324 shares in the last quarter. Godsey & Gibb Inc. lifted its stake in shares of Walt Disney by 0.6% during the 1st quarter. Godsey & Gibb Inc. now owns 178,677 shares of the entertainment giant’s stock valued at $17,635,000 after buying an additional 1,013 shares in the last quarter. WealthBridge Investment Counsel Inc. increased its holdings in Walt Disney by 0.7% during the 1st quarter. WealthBridge Investment Counsel Inc. now owns 64,811 shares of the entertainment giant’s stock worth $6,397,000 after acquiring an additional 425 shares during the period. Finally, Joule Financial LLC increased its holdings in Walt Disney by 6.3% during the 1st quarter. Joule Financial LLC now owns 12,106 shares of the entertainment giant’s stock worth $1,195,000 after acquiring an additional 717 shares during the period. 65.71% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Walt Disney

In other news, EVP Brent Woodford sold 1,000 shares of the firm’s stock in a transaction dated 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 sale, the executive vice president now directly owns 46,831 shares of the company’s stock, valued at approximately $5,190,748.04. This trade represents a 2.09% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.16% of the stock is currently owned by corporate insiders.

Walt Disney Trading Up 1.3%

Shares of DIS opened at $113.95 on Friday. The stock has a market capitalization of $204.85 billion, a P/E ratio of 37.12, a PEG ratio of 1.80 and a beta of 1.49. The company has a quick ratio of 0.62, a current ratio of 0.68 and a debt-to-equity ratio of 0.36. The firm has a fifty day simple moving average of $98.47 and a two-hundred day simple moving average of $105.76. The Walt Disney Company has a twelve month low of $80.10 and a twelve month high of $118.63.

Walt Disney (NYSE:DIS) last announced its quarterly earnings results on Wednesday, May 7th. The entertainment giant reported $1.45 earnings per share for the quarter, beating the consensus estimate of $1.21 by $0.24. The business had revenue of $23.62 billion during the quarter, compared to analysts’ expectations of $23.15 billion. Walt Disney had a net margin of 6.07% and a return on equity of 9.95%. The firm’s revenue for the quarter was up 7.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.21 EPS. On average, research analysts anticipate that The Walt Disney Company will post 5.47 EPS for the current year.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on DIS. Morgan Stanley upped their target price on shares of Walt Disney from $110.00 to $120.00 and gave the stock an “overweight” rating in a report on Thursday, May 8th. Needham & Company LLC reaffirmed a “buy” rating and set a $125.00 target price on shares of Walt Disney in a report on Thursday, May 8th. Wolfe Research raised shares of Walt Disney from a “peer perform” rating to an “outperform” rating and set a $112.00 target price on the stock in a report on Monday, April 21st. Loop Capital upped their target price on shares of Walt Disney from $120.00 to $125.00 and gave the stock a “buy” rating in a report on Thursday, May 8th. Finally, Rosenblatt Securities upped their target price on shares of Walt Disney from $135.00 to $140.00 and gave the stock a “buy” rating in a report on Tuesday, June 3rd. Six analysts have rated the stock with a hold rating, seventeen have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $123.75.

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.