Oak Harbor Wealth Partners LLC Has $1.56 Million Stake in The Walt Disney Company (NYSE:DIS)

Oak Harbor Wealth Partners LLC cut its stake in The Walt Disney Company (NYSE:DISFree Report) by 3.2% in the fourth quarter, Holdings Channel.com reports. The firm owned 17,308 shares of the entertainment giant’s stock after selling 564 shares during the quarter. Oak Harbor Wealth Partners LLC’s holdings in Walt Disney were worth $1,563,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in DIS. Planned Solutions Inc. acquired a new stake in Walt Disney in the 4th quarter valued at $26,000. Fortis Group Advisors LLC bought a new position in Walt Disney in the third quarter valued at approximately $30,000. Stone House Investment Management LLC increased its position in shares of Walt Disney by 355.3% during the 4th quarter. Stone House Investment Management LLC now owns 346 shares of the entertainment giant’s stock worth $31,000 after purchasing an additional 270 shares during the last quarter. Partnership Wealth Management LLC acquired a new stake in shares of Walt Disney in the 4th quarter valued at approximately $33,000. Finally, Evolution Advisers Inc. boosted its holdings in shares of Walt Disney by 38.2% in the 4th quarter. Evolution Advisers Inc. now owns 380 shares of the entertainment giant’s stock valued at $34,000 after buying an additional 105 shares during the last quarter. Institutional investors own 65.71% of the company’s stock.

Analysts Set New Price Targets

Several analysts have issued reports on the stock. Daiwa Capital Markets reaffirmed a “buy” rating and set a $133.00 price target on shares of Walt Disney in a research report on Monday, April 1st. The Goldman Sachs Group cut their target price on shares of Walt Disney from $125.00 to $120.00 and set a “buy” rating for the company in a research note on Thursday, February 8th. JPMorgan Chase & Co. began coverage on Walt Disney in a research report on Thursday, April 11th. They set an “overweight” rating and a $140.00 price target on the stock. Bank of America raised their price objective on Walt Disney from $130.00 to $145.00 and gave the company a “buy” rating in a research report on Monday, April 1st. Finally, Argus boosted their target price on Walt Disney from $125.00 to $140.00 and gave the stock a “buy” rating in a report on Wednesday, April 10th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and twenty-three have given a buy rating to the stock. According to data from MarketBeat.com, Walt Disney presently has an average rating of “Moderate Buy” and a consensus target price of $125.52.

Read Our Latest Report on DIS

Insider Activity

In related news, EVP Sonia L. Coleman sold 4,400 shares of the stock in a transaction that occurred on Thursday, May 9th. The shares were sold at an average price of $106.00, for a total value of $466,400.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, Director James P. Gorman acquired 20,000 shares of the stock in a transaction dated Wednesday, May 8th. The stock was bought at an average price of $106.03 per share, with a total value 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Sonia L. Coleman sold 4,400 shares of the firm’s stock in a transaction that occurred on Thursday, May 9th. The shares were sold at an average price of $106.00, for a total transaction of $466,400.00. The disclosure for this sale can be found here. 0.10% of the stock is currently owned by corporate insiders.

Walt Disney Price Performance

Shares of Walt Disney stock traded down $2.25 on Thursday, reaching $100.77. 5,960,850 shares of the stock were exchanged, compared to its average volume of 11,944,538. The firm’s 50 day moving average is $112.95 and its 200-day moving average is $102.80. The firm has a market cap of $183.71 billion, a PE ratio of 110.18, a P/E/G ratio of 1.28 and a beta of 1.40. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.69 and a current ratio of 0.75. The Walt Disney Company has a one year low of $78.73 and a one year high of $123.74.

Walt Disney (NYSE:DISGet Free Report) last posted 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. 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 quarter in the previous year, the firm earned $0.93 EPS. Walt Disney’s revenue was up 1.2% on a year-over-year basis. As a group, analysts anticipate that The Walt Disney Company will post 4.76 EPS for the current fiscal year.

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

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

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