Courier Capital LLC Lowers Stake in The Walt Disney Company (NYSE:DIS)

Courier Capital LLC reduced its holdings in shares of The Walt Disney Company (NYSE:DIS) by 1.3% during the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 45,481 shares of the entertainment giant’s stock after selling 583 shares during the period. Courier Capital LLC’s holdings in Walt Disney were worth $4,489,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Wesbanco Bank Inc. grew its position in Walt Disney by 8.9% during the 1st quarter. Wesbanco Bank Inc. now owns 52,601 shares of the entertainment giant’s stock worth $5,192,000 after purchasing an additional 4,291 shares during the last quarter. First Citizens Bank & Trust Co. grew its position in Walt Disney by 5.7% during the 1st quarter. First Citizens Bank & Trust Co. now owns 35,564 shares of the entertainment giant’s stock worth $3,510,000 after purchasing an additional 1,933 shares during the last quarter. Abacus Planning Group Inc. grew its position in Walt Disney by 5.9% during the 1st quarter. Abacus Planning Group Inc. now owns 7,819 shares of the entertainment giant’s stock worth $772,000 after purchasing an additional 434 shares during the last quarter. Hickory Point Bank & Trust boosted its holdings in shares of Walt Disney by 2.1% in the first quarter. Hickory Point Bank & Trust now owns 10,651 shares of the entertainment giant’s stock valued at $1,051,000 after acquiring an additional 215 shares in the last quarter. Finally, Central Bank & Trust Co. boosted its holdings in shares of Walt Disney by 106.2% in the first quarter. Central Bank & Trust Co. now owns 12,171 shares of the entertainment giant’s stock valued at $1,201,000 after acquiring an additional 6,268 shares in the last quarter. 65.71% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the stock. Guggenheim lowered their target price on shares of Walt Disney from $130.00 to $120.00 and set a “buy” rating on the stock in a report on Thursday, May 8th. Rosenblatt Securities lifted their target price on shares of Walt Disney from $135.00 to $140.00 and gave the company a “buy” rating in a report on Tuesday, June 3rd. Morgan Stanley boosted their price objective 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 report on Thursday, May 8th. Finally, Wolfe Research raised shares of Walt Disney from a “peer perform” rating to an “outperform” rating and set a $112.00 price objective on the stock in a report on Monday, April 21st. Six equities research analysts have rated the stock with a hold rating, seventeen have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, Walt Disney presently has an average rating of “Moderate Buy” and an average target price of $123.75.

Insiders Place Their Bets

In other Walt Disney news, EVP Brent Woodford sold 1,000 shares of the stock in a transaction 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 of the company’s stock, valued at approximately $5,190,748.04. This represents a 2.09% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.16% of the stock is owned by corporate insiders.

Walt Disney Trading Up 1.3%

DIS opened at $113.95 on Monday. The stock has a market capitalization of $204.85 billion, a PE ratio of 37.12, a P/E/G ratio of 1.80 and a beta of 1.54. The firm’s fifty day moving average price is $98.47 and its 200 day moving average price is $105.70. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.68 and a quick ratio of 0.62. The Walt Disney Company has a 12-month low of $80.10 and a 12-month high of $118.63.

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