First Pacific Financial Trims Position in The Walt Disney Company (NYSE:DIS)

First Pacific Financial trimmed its position in The Walt Disney Company (NYSE:DIS) by 18.6% during the first quarter, HoldingsChannel reports. The institutional investor owned 6,274 shares of the entertainment giant’s stock after selling 1,433 shares during the period. First Pacific Financial’s holdings in Walt Disney were worth $619,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. Aurora Private Wealth Inc. purchased a new position in shares of Walt Disney during the 1st quarter valued at $1,337,000. waypoint wealth counsel boosted its stake in Walt Disney by 12.8% during the first quarter. waypoint wealth counsel now owns 2,668 shares of the entertainment giant’s stock valued at $263,000 after buying an additional 302 shares during the period. Adams Diversified Equity Fund Inc. purchased a new position in Walt Disney during the first quarter worth about $9,682,000. Trust Co of Kansas increased its stake in Walt Disney by 0.7% in the 1st quarter. Trust Co of Kansas now owns 49,372 shares of the entertainment giant’s stock worth $4,873,000 after acquiring an additional 353 shares during the last quarter. Finally, Lecap Asset Management Ltd. raised its holdings in shares of Walt Disney by 106.1% in the 1st quarter. Lecap Asset Management Ltd. now owns 8,683 shares of the entertainment giant’s stock valued at $857,000 after acquiring an additional 4,469 shares in the last quarter. 65.71% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have recently commented on DIS shares. Needham & Company LLC reissued a “buy” rating and set a $125.00 price objective on shares of Walt Disney in a report on Thursday, May 8th. Morgan Stanley lifted their target price on shares of Walt Disney from $110.00 to $120.00 and gave the company an “overweight” rating in a research report on Thursday, May 8th. Loop Capital increased their price target on shares of Walt Disney from $125.00 to $130.00 and gave the stock a “buy” rating in a report on Tuesday, June 10th. Wolfe Research raised shares of Walt Disney from a “peer perform” rating to an “outperform” rating and set a $112.00 price objective for the company in a report on Monday, April 21st. Finally, UBS Group upped their target price on shares of Walt Disney from $105.00 to $120.00 and gave the stock a “buy” rating in a research report on Thursday, May 8th. Six investment 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 stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $123.96.

Walt Disney Stock Up 0.9%

Shares of NYSE DIS opened at $118.81 on Wednesday. The Walt Disney Company has a 12 month low of $80.10 and a 12 month high of $120.50. The firm has a market capitalization of $213.59 billion, a PE ratio of 24.30, a price-to-earnings-growth ratio of 1.73 and a beta of 1.54. The firm has a fifty day simple moving average of $106.03 and a two-hundred day simple moving average of $105.83. The company has a current ratio of 0.67, a quick ratio of 0.61 and a debt-to-equity ratio of 0.34.

Walt Disney (NYSE:DIS) last announced its earnings results on Wednesday, May 7th. The entertainment giant reported $1.45 EPS for the quarter, beating analysts’ consensus estimates of $1.21 by $0.24. Walt Disney had a net margin of 9.47% and a return on equity of 9.99%. The firm had revenue of $23.62 billion for the quarter, compared to analysts’ expectations of $23.15 billion. During the same quarter in the previous year, the business posted $1.21 EPS. The company’s quarterly revenue was up 7.0% on a year-over-year basis. Equities analysts expect that The Walt Disney Company will post 5.47 earnings per share for the current year.

Insiders Place Their Bets

In other Walt Disney news, EVP Brent Woodford sold 1,000 shares of Walt Disney 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 transaction, the executive vice president now directly owns 46,831 shares of the company’s stock, valued at approximately $5,190,748.04. The trade was a 2.09% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.16% of the company’s stock.

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.