The Walt Disney Company (NYSE:DIS) Shares Sold by Guyasuta Investment Advisors Inc.

Guyasuta Investment Advisors Inc. reduced its stake in The Walt Disney Company (NYSE:DIS) by 8.2% during the 1st quarter, Holdings Channel reports. The fund owned 3,280 shares of the entertainment giant’s stock after selling 293 shares during the quarter. Guyasuta Investment Advisors Inc.’s holdings in Walt Disney were worth $324,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the stock. Childress Capital Advisors LLC raised its stake in shares of Walt Disney by 24.8% in the first quarter. Childress Capital Advisors LLC now owns 2,662 shares of the entertainment giant’s stock valued at $263,000 after acquiring an additional 529 shares in the last quarter. Cullinan Associates Inc. raised its stake in shares of Walt Disney by 4.1% in the first quarter. Cullinan Associates Inc. now owns 76,552 shares of the entertainment giant’s stock valued at $7,556,000 after acquiring an additional 3,030 shares in the last quarter. Inlight Wealth Management LLC acquired a new stake in shares of Walt Disney in the first quarter valued at $107,000. First PREMIER Bank raised its stake in Walt Disney by 72.2% in the first quarter. First PREMIER Bank now owns 489 shares of the entertainment giant’s stock valued at $48,000 after buying an additional 205 shares in the last quarter. Finally, Garde Capital Inc. raised its stake in Walt Disney by 17.4% in the first quarter. Garde Capital Inc. now owns 2,650 shares of the entertainment giant’s stock valued at $262,000 after buying an additional 393 shares in the last quarter. 65.71% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Walt Disney

In other Walt Disney news, EVP Brent Woodford sold 1,000 shares of Walt Disney stock in a transaction that occurred on Tuesday, May 13th. The stock was sold at an average price of $110.84, for a total value of $110,840.00. Following the sale, the executive vice president now 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.16% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of research firms have weighed in on DIS. Wolfe Research upgraded Walt Disney from a “peer perform” rating to an “outperform” rating and set a $112.00 price target on the stock in a research note on Monday, April 21st. Loop Capital raised their price target on Walt Disney from $125.00 to $130.00 and gave the company a “buy” rating in a research note on Tuesday, June 10th. Rosenblatt Securities raised their price target on Walt Disney from $135.00 to $140.00 and gave the company a “buy” rating in a research note on Tuesday, June 3rd. Barclays raised their price target on Walt Disney from $115.00 to $120.00 and gave the company an “overweight” rating in a research note on Thursday, May 8th. Finally, Needham & Company LLC restated a “buy” rating and issued a $125.00 price target on shares of Walt Disney in a research note on Thursday, May 8th. Six equities research 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. Based on data from MarketBeat, Walt Disney has an average rating of “Moderate Buy” and an average price target of $123.96.

Walt Disney Stock Performance

NYSE DIS opened at $117.61 on Monday. The company has a quick ratio of 0.61, a current ratio of 0.67 and a debt-to-equity ratio of 0.34. The Walt Disney Company has a 52-week low of $80.10 and a 52-week high of $120.50. The business’s 50-day moving average price is $104.69 and its 200 day moving average price is $105.73. The firm has a market cap of $211.44 billion, a P/E ratio of 24.05, a P/E/G ratio of 1.72 and a beta of 1.54.

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

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.