Northside Capital Management LLC Reduces Stake in The Walt Disney Company (NYSE:DIS)

Northside Capital Management LLC lessened its position in shares of The Walt Disney Company (NYSE:DISFree Report) by 7.4% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 4,973 shares of the entertainment giant’s stock after selling 400 shares during the quarter. Northside Capital Management LLC’s holdings in Walt Disney were worth $609,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Planned Solutions Inc. purchased a new position in Walt Disney during the 4th quarter worth approximately $26,000. Gold Investment Management Ltd. purchased a new position in shares of Walt Disney in the 4th quarter valued at approximately $28,000. Partnership Wealth Management LLC purchased a new position in shares of Walt Disney in the 4th quarter valued at approximately $33,000. Stone House Investment Management LLC grew its stake in shares of Walt Disney by 355.3% in the 4th 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 during the last quarter. Finally, Fortis Group Advisors LLC purchased a new position in shares of Walt Disney in the 3rd quarter valued at approximately $30,000. Hedge funds and other institutional investors own 65.71% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have weighed in on DIS. Redburn Atlantic upgraded Walt Disney from a “sell” rating to a “neutral” rating and set a $100.00 target price on the stock in a research note on Tuesday, May 21st. Morgan Stanley lifted their target price on Walt Disney from $110.00 to $135.00 and gave the company an “overweight” rating in a research note on Monday, March 4th. Wells Fargo & Company lifted their target price on Walt Disney from $128.00 to $141.00 and gave the company an “overweight” rating in a research note on Tuesday, April 23rd. Loop Capital raised their price target on Walt Disney from $113.00 to $140.00 and gave the company a “buy” rating in a report on Monday, May 6th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $145.00 price target on shares of Walt Disney in a report on Tuesday, May 7th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and twenty-two have issued a buy rating to the stock. Based on data from MarketBeat.com, Walt Disney has a consensus rating of “Moderate Buy” and a consensus price target of $126.29.

Check Out Our Latest Stock Report on DIS

Walt Disney Price Performance

Shares of NYSE DIS traded down $0.02 during trading on Wednesday, reaching $101.50. The company had a trading volume of 7,044,674 shares, compared to its average volume of 8,173,771. The Walt Disney Company has a twelve month low of $78.73 and a twelve month high of $123.74. The stock has a market capitalization of $185.04 billion, a PE ratio of 110.33, a price-to-earnings-growth ratio of 1.26 and a beta of 1.40. The stock has a 50-day moving average price of $106.76 and a two-hundred day moving average price of $104.20. 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:DISGet Free Report) last released its quarterly earnings results on Tuesday, May 7th. The entertainment giant reported $1.21 earnings per share for the quarter, topping 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 analysts’ expectations of $22.12 billion. During the same period in the previous year, the firm posted $0.93 earnings per share. The business’s revenue for the quarter was up 1.2% compared to the same quarter last year. As a group, sell-side analysts predict that The Walt Disney Company will post 4.76 earnings per share for the current year.

Insider Activity

In other news, EVP Sonia L. Coleman sold 1,857 shares of Walt Disney stock in a transaction on Monday, April 1st. The stock was sold at an average price of $121.92, for a total value of $226,405.44. Following the completion of the sale, the executive vice president now owns 4,400 shares of the company’s stock, valued at $536,448. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other news, EVP Sonia L. Coleman sold 1,857 shares of Walt Disney stock in a transaction on Monday, April 1st. The stock was sold at an average price of $121.92, for a total value of $226,405.44. Following the completion of the sale, the executive vice president now owns 4,400 shares of the company’s stock, valued at $536,448. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, 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 transaction, the director now owns 20,467 shares of the company’s stock, valued at $2,170,116.01. The disclosure for this purchase can be found here. Company insiders own 0.10% of the company’s stock.

About Walt Disney

(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.

See Also

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

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