Ferguson Wellman Capital Management Inc. Has $1.96 Million Holdings in The Walt Disney Company (NYSE:DIS)

Ferguson Wellman Capital Management Inc. boosted its position in The Walt Disney Company (NYSE:DIS) by 21.0% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 19,824 shares of the entertainment giant’s stock after buying an additional 3,441 shares during the quarter. Ferguson Wellman Capital Management Inc.’s holdings in Walt Disney were worth $1,957,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Mpwm Advisory Solutions LLC acquired a new stake in Walt Disney in the 4th quarter worth $27,000. FPC Investment Advisory Inc. acquired a new stake in Walt Disney in the 4th quarter worth $28,000. Tacita Capital Inc grew its position in Walt Disney by 93.2% in the 4th quarter. Tacita Capital Inc now owns 257 shares of the entertainment giant’s stock worth $29,000 after purchasing an additional 124 shares during the last quarter. Pilgrim Partners Asia Pte Ltd acquired a new stake in Walt Disney in the 4th quarter worth $32,000. Finally, Midwest Capital Advisors LLC acquired a new stake in Walt Disney in the 4th quarter worth $34,000. 65.71% of the stock is currently owned by institutional investors and hedge funds.

Walt Disney Trading Down 0.9%

Shares of DIS stock opened at $118.50 on Friday. The Walt Disney Company has a 12-month low of $80.10 and a 12-month high of $120.50. The company has a market capitalization of $213.03 billion, a P/E ratio of 38.60, a P/E/G ratio of 1.80 and a beta of 1.54. The firm has a 50-day moving average price of $100.85 and a 200 day moving average price of $105.90. The company has a quick ratio of 0.62, a current ratio of 0.68 and a debt-to-equity ratio of 0.36.

Walt Disney (NYSE:DIS) last announced 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 during the quarter, compared to the consensus estimate 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 last year, the firm posted $1.21 EPS. Research analysts forecast that The Walt Disney Company will post 5.47 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on DIS shares. Barclays raised their price target on shares of Walt Disney from $115.00 to $120.00 and gave the stock an “overweight” rating in a research report on Thursday, May 8th. Needham & Company LLC restated a “buy” rating and issued a $125.00 price target on shares of Walt Disney in a research report on Thursday, May 8th. Loop Capital raised their price target on shares of Walt Disney from $125.00 to $130.00 and gave the stock a “buy” rating in a research report on Tuesday. Rosenblatt Securities raised their price objective on shares of Walt Disney from $135.00 to $140.00 and gave the stock a “buy” rating in a report on Tuesday, June 3rd. Finally, Wolfe Research raised shares of Walt Disney from a “peer perform” rating to an “outperform” rating and set a $112.00 price objective for the company in a report on Monday, April 21st. Six 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. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $123.96.

Insider Buying and Selling at Walt Disney

In other Walt Disney news, EVP Brent Woodford sold 1,000 shares of the firm’s stock in a transaction dated Tuesday, May 13th. The shares were sold at an average price of $110.84, for a total value of $110,840.00. Following the completion of the sale, the executive vice president now owns 46,831 shares in the company, valued at approximately $5,190,748.04. This trade represents a 2.09% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.16% of the company’s stock.

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.