Oak Asset Management LLC Acquires 11,274 Shares of The Walt Disney Company (NYSE:DIS)

Oak Asset Management LLC raised its holdings in The Walt Disney Company (NYSE:DIS) by 217.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 16,469 shares of the entertainment giant’s stock after buying an additional 11,274 shares during the period. Oak Asset Management LLC’s holdings in Walt Disney were worth $1,626,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in DIS. Breakwater Capital Group increased its position in shares of Walt Disney by 20.2% in the first quarter. Breakwater Capital Group now owns 10,482 shares of the entertainment giant’s stock valued at $1,035,000 after acquiring an additional 1,764 shares during the last quarter. Retirement Planning Group LLC boosted its position in Walt Disney by 17.7% during the first quarter. Retirement Planning Group LLC now owns 5,270 shares of the entertainment giant’s stock valued at $520,000 after purchasing an additional 792 shares during the last quarter. Chesley Taft & Associates LLC grew its stake in Walt Disney by 0.5% in the first quarter. Chesley Taft & Associates LLC now owns 185,264 shares of the entertainment giant’s stock valued at $18,286,000 after purchasing an additional 1,000 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. raised its stake in shares of Walt Disney by 14.5% during the 1st quarter. Thurston Springer Miller Herd & Titak Inc. now owns 4,617 shares of the entertainment giant’s stock worth $456,000 after purchasing an additional 584 shares in the last quarter. Finally, Steigerwald Gordon & Koch Inc. boosted its holdings in shares of Walt Disney by 0.3% in the 1st quarter. Steigerwald Gordon & Koch Inc. now owns 110,108 shares of the entertainment giant’s stock valued at $10,868,000 after buying an additional 334 shares during the last quarter. 65.71% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

DIS has been the topic of a number of recent analyst reports. Morgan Stanley boosted their target price on shares of Walt Disney from $110.00 to $120.00 and gave the stock an “overweight” rating in a report on Thursday, May 8th. UBS Group boosted their price objective on shares of Walt Disney from $105.00 to $120.00 and gave the stock a “buy” rating in a research note on Thursday, May 8th. Needham & Company LLC reaffirmed a “buy” rating and issued a $125.00 target price on shares of Walt Disney in a report on Thursday, May 8th. Wolfe Research upgraded Walt Disney from a “peer perform” rating to an “outperform” rating and set a $112.00 price target for the company in a report on Monday, April 21st. Finally, Loop Capital boosted their price target on Walt Disney from $120.00 to $125.00 and gave the stock a “buy” rating in a research report on Thursday, May 8th. Six 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. According to MarketBeat.com, Walt Disney currently has a consensus rating of “Moderate Buy” and a consensus target price of $123.75.

Insider Transactions at Walt Disney

In related news, EVP Brent Woodford sold 1,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 13th. The shares were sold at an average price of $110.84, for a total transaction of $110,840.00. Following the sale, the executive vice president now directly owns 46,831 shares in the company, valued at approximately $5,190,748.04. This represents a 2.09% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 0.16% of the stock is currently owned by company insiders.

Walt Disney Stock Down 0.1%

DIS stock opened at $113.54 on Thursday. The company has a quick ratio of 0.62, a current ratio of 0.68 and a debt-to-equity ratio of 0.36. The stock’s 50 day moving average is $97.87 and its 200-day moving average is $105.75. The Walt Disney Company has a twelve month low of $80.10 and a twelve month high of $118.63. The firm has a market capitalization of $204.12 billion, a PE ratio of 36.98, a P/E/G ratio of 1.80 and a beta of 1.49.

Walt Disney (NYSE:DIS) last issued its quarterly earnings results on Wednesday, May 7th. The entertainment giant reported $1.45 EPS for the quarter, beating analysts’ consensus estimates of $1.21 by $0.24. The company had revenue of $23.62 billion during the quarter, compared to the consensus estimate of $23.15 billion. Walt Disney had a return on equity of 9.95% and a net margin of 6.07%. Walt Disney’s revenue was up 7.0% on a year-over-year basis. During the same period last year, the business posted $1.21 earnings per share. Sell-side analysts expect that The Walt Disney Company will post 5.47 EPS for the current fiscal year.

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.