Rice Partnership LLC Has $211,000 Stock Holdings in The Walt Disney Company (NYSE:DIS)

Rice Partnership LLC trimmed its position in The Walt Disney Company (NYSE:DIS) by 47.0% during the first quarter, HoldingsChannel.com reports. The institutional investor owned 2,140 shares of the entertainment giant’s stock after selling 1,898 shares during the period. Rice Partnership LLC’s holdings in Walt Disney were worth $211,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Trek Financial LLC grew its holdings in Walt Disney by 479.9% in the 4th quarter. Trek Financial LLC now owns 36,320 shares of the entertainment giant’s stock valued at $4,044,000 after buying an additional 30,057 shares in the last quarter. WoodTrust Financial Corp grew its holdings in Walt Disney by 6.7% in the 1st quarter. WoodTrust Financial Corp now owns 96,158 shares of the entertainment giant’s stock valued at $9,491,000 after buying an additional 6,047 shares in the last quarter. Bank of Stockton grew its holdings in Walt Disney by 4.4% in the 1st quarter. Bank of Stockton now owns 9,091 shares of the entertainment giant’s stock valued at $897,000 after buying an additional 383 shares in the last quarter. Rheos Capital Works Inc. grew its holdings in Walt Disney by 164.7% in the 1st quarter. Rheos Capital Works Inc. now owns 395,400 shares of the entertainment giant’s stock valued at $39,026,000 after buying an additional 246,000 shares in the last quarter. Finally, Merit Financial Group LLC grew its holdings in Walt Disney by 47.0% in the 1st quarter. Merit Financial Group LLC now owns 57,172 shares of the entertainment giant’s stock valued at $5,643,000 after buying an additional 18,272 shares in the last quarter. 65.71% of the stock is owned by institutional investors and hedge funds.

Walt Disney Stock Up 0.8%

DIS stock opened at $123.98 on Friday. The stock has a market capitalization of $222.88 billion, a P/E ratio of 25.35, a price-to-earnings-growth ratio of 1.81 and a beta of 1.56. The company has a current ratio of 0.67, a quick ratio of 0.61 and a debt-to-equity ratio of 0.34. The Walt Disney Company has a 12 month low of $80.10 and a 12 month high of $124.69. The firm has a 50-day moving average price of $111.87 and a 200-day moving average price of $106.34.

Walt Disney (NYSE:DIS) last posted its earnings results on Wednesday, May 7th. The entertainment giant reported $1.45 EPS for the quarter, topping analysts’ consensus estimates of $1.21 by $0.24. The firm had revenue of $23.62 billion during the quarter, compared to analysts’ expectations of $23.15 billion. Walt Disney had a net margin of 9.47% and a return on equity of 9.99%. The business’s revenue for the quarter was up 7.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.21 earnings per share. As a group, equities research analysts anticipate that The Walt Disney Company will post 5.47 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on DIS shares. Barclays upped their price objective on Walt Disney from $115.00 to $120.00 and gave the company an “overweight” rating in a report on Thursday, May 8th. Guggenheim increased their target price on Walt Disney from $120.00 to $140.00 and gave the stock a “buy” rating in a report on Friday, June 27th. 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 upped their price objective on shares of Walt Disney from $125.00 to $130.00 and gave the stock a “buy” rating in a research report on Tuesday, June 10th. Finally, Morgan Stanley increased their price objective on shares of Walt Disney from $110.00 to $120.00 and gave the stock an “overweight” rating in a research note on Thursday, May 8th. Five research analysts have rated the stock with a hold rating, seventeen have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $125.83.

Insider Activity at Walt Disney

In other news, EVP Brent Woodford sold 1,000 shares of the 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 transaction, the executive vice president owned 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company 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.