New Hampshire Trust Increases Holdings in The Walt Disney Company (NYSE:DIS)

New Hampshire Trust grew its holdings in shares of The Walt Disney Company (NYSE:DISFree Report) by 7.0% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 28,166 shares of the entertainment giant’s stock after purchasing an additional 1,840 shares during the quarter. New Hampshire Trust’s holdings in Walt Disney were worth $3,446,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Envestnet Portfolio Solutions Inc. purchased a new stake in Walt Disney in the 3rd quarter worth about $4,811,000. FMR LLC increased its holdings in Walt Disney by 2.8% in the 3rd quarter. FMR LLC now owns 9,237,775 shares of the entertainment giant’s stock worth $748,722,000 after acquiring an additional 248,489 shares during the last quarter. Rathbones Group PLC increased its holdings in Walt Disney by 208.5% in the 3rd quarter. Rathbones Group PLC now owns 1,632,402 shares of the entertainment giant’s stock worth $132,306,000 after acquiring an additional 1,103,215 shares during the last quarter. V Square Quantitative Management LLC increased its holdings in Walt Disney by 30.1% in the 3rd quarter. V Square Quantitative Management LLC now owns 14,788 shares of the entertainment giant’s stock worth $1,199,000 after acquiring an additional 3,417 shares during the last quarter. Finally, Acadian Asset Management LLC increased its holdings in Walt Disney by 13.6% in the 3rd quarter. Acadian Asset Management LLC now owns 22,595 shares of the entertainment giant’s stock worth $1,829,000 after acquiring an additional 2,698 shares during the last quarter. 65.71% of the stock is owned by hedge funds and other institutional investors.

Walt Disney Trading Down 0.4 %

Walt Disney stock traded down $0.43 during trading hours on Thursday, reaching $101.07. The company had a trading volume of 2,361,854 shares, compared to its average volume of 11,414,241. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.75 and a quick ratio of 0.69. The company has a 50-day moving average price of $106.45 and a 200 day moving average price of $104.18. The firm has a market cap of $184.25 billion, a price-to-earnings ratio of 109.82, a P/E/G ratio of 1.26 and a beta of 1.40. The Walt Disney Company has a 12-month low of $78.73 and a 12-month high of $123.74.

Walt Disney (NYSE:DISGet Free Report) last announced its quarterly earnings results on Tuesday, May 7th. The entertainment giant reported $1.21 EPS for the quarter, topping analysts’ consensus estimates of $1.12 by $0.09. The business had revenue of $22.08 billion for the quarter, compared to analysts’ expectations of $22.12 billion. Walt Disney had a return on equity of 8.37% and a net margin of 1.90%. The business’s quarterly revenue was up 1.2% on a year-over-year basis. During the same period in the previous year, the firm earned $0.93 EPS. Equities analysts forecast that The Walt Disney Company will post 4.75 earnings per share for the current year.

Insider Activity

In other news, EVP Sonia L. Coleman sold 1,857 shares of the business’s stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $121.92, for a total transaction of $226,405.44. Following the transaction, the executive vice president now directly owns 4,400 shares of the company’s stock, valued at $536,448. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other news, EVP Sonia L. Coleman sold 1,857 shares of the business’s stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $121.92, for a total transaction of $226,405.44. Following the transaction, the executive vice president now directly owns 4,400 shares of the company’s stock, valued at $536,448. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director James P. Gorman bought 20,000 shares of Walt Disney stock in a transaction dated Wednesday, May 8th. The shares were acquired at an average cost of $106.03 per share, for a total transaction of $2,120,600.00. Following the completion of the purchase, the director now directly owns 20,467 shares of the company’s stock, valued at approximately $2,170,116.01. The disclosure for this purchase can be found here. Insiders own 0.10% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have commented on DIS. Loop Capital raised their target price on Walt Disney from $113.00 to $140.00 and gave the stock a “buy” rating in a research note on Monday, May 6th. Raymond James raised their target price on Walt Disney from $112.00 to $128.00 and gave the stock an “outperform” rating in a research note on Tuesday, March 26th. JPMorgan Chase & Co. began coverage on Walt Disney in a research note on Thursday, April 11th. They issued an “overweight” rating and a $140.00 target price for the company. UBS Group cut their target price on Walt Disney from $140.00 to $130.00 and set a “buy” rating for the company in a research note on Wednesday, May 8th. Finally, Macquarie raised their target price on Walt Disney from $104.00 to $107.00 and gave the stock a “neutral” rating in a research note 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 stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $126.29.

Check Out Our Latest Analysis on Walt Disney

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.

Further Reading

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

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