DB Fitzpatrick & Co Inc Decreases Position in The Walt Disney Company (NYSE:DIS)

DB Fitzpatrick & Co Inc cut its position in The Walt Disney Company (NYSE:DIS) by 10.2% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 9,694 shares of the entertainment giant’s stock after selling 1,097 shares during the period. DB Fitzpatrick & Co Inc’s holdings in Walt Disney were worth $1,186,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of DIS. AQR Capital Management LLC raised its holdings in shares of Walt Disney by 490.9% during the third quarter. AQR Capital Management LLC now owns 299,359 shares of the entertainment giant’s stock valued at $24,122,000 after purchasing an additional 248,695 shares during the last quarter. Advisors Asset Management Inc. raised its holdings in shares of Walt Disney by 10.5% during the third quarter. Advisors Asset Management Inc. now owns 23,343 shares of the entertainment giant’s stock valued at $1,892,000 after purchasing an additional 2,217 shares during the last quarter. Alps Advisors Inc. raised its holdings in shares of Walt Disney by 6.3% during the third quarter. Alps Advisors Inc. now owns 9,334 shares of the entertainment giant’s stock valued at $757,000 after purchasing an additional 554 shares during the last quarter. Eubel Brady & Suttman Asset Management Inc. raised its holdings in shares of Walt Disney by 1.7% during the third quarter. Eubel Brady & Suttman Asset Management Inc. now owns 273,956 shares of the entertainment giant’s stock valued at $22,204,000 after purchasing an additional 4,621 shares during the last quarter. Finally, Lakeshore Financial Planning Inc. purchased a new position in shares of Walt Disney during the third quarter valued at approximately $292,000. 65.71% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, EVP Sonia L. Coleman sold 4,400 shares of the company’s stock in a transaction on Thursday, May 9th. The shares were sold at an average price of $106.00, for a total transaction of $466,400.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other Walt Disney news, Director James P. Gorman acquired 20,000 shares of the stock in a transaction on Wednesday, May 8th. The stock was acquired at an average price of $106.03 per share, for a total transaction of $2,120,600.00. Following the completion of the transaction, the director now directly owns 20,467 shares of the company’s stock, valued at $2,170,116.01. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Sonia L. Coleman sold 4,400 shares of the stock in a transaction 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 owned by company insiders.

Walt Disney Price Performance

Shares of NYSE:DIS opened at $98.61 on Thursday. 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 firm has a fifty day moving average price of $104.17 and a 200 day moving average price of $104.81. The Walt Disney Company has a fifty-two week low of $78.73 and a fifty-two week high of $123.74. The firm has a market cap of $179.77 billion, a price-to-earnings ratio of 107.16, a P/E/G ratio of 1.22 and a beta of 1.40.

Walt Disney (NYSE:DIS) last issued its 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 net margin of 1.90% and a return on equity of 8.37%. The firm had revenue of $22.08 billion during the quarter, compared to analyst estimates of $22.12 billion. During the same quarter in the prior year, the business earned $0.93 earnings per share. Walt Disney’s revenue for the quarter was up 1.2% on a year-over-year basis. As a group, sell-side analysts expect that The Walt Disney Company will post 4.75 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. Argus boosted their price objective on shares of Walt Disney from $125.00 to $140.00 and gave the company a “buy” rating in a report on Wednesday, April 10th. Needham & Company LLC reissued a “buy” rating and set a $145.00 price objective on shares of Walt Disney in a report on Wednesday. Daiwa Capital Markets reaffirmed a “buy” rating and set a $133.00 target price on shares of Walt Disney in a report on Monday, April 1st. Deutsche Bank Aktiengesellschaft upped their target price on shares of Walt Disney from $125.00 to $130.00 and gave the company a “buy” rating in a report on Monday, May 6th. Finally, Guggenheim upped their target price on shares of Walt Disney from $125.00 to $140.00 and gave the company a “buy” rating in a report on Wednesday, April 3rd. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and twenty-three have issued a buy rating to the stock. Based on data from MarketBeat, Walt Disney presently has an average rating of “Moderate Buy” and an average price target of $126.44.

About Walt Disney

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.