The Walt Disney Company (NYSE:DIS) Shares Sold by Norway Savings Bank

Norway Savings Bank lowered its holdings in The Walt Disney Company (NYSE:DIS) by 13.4% in the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 16,043 shares of the entertainment giant’s stock after selling 2,479 shares during the period. Norway Savings Bank’s holdings in Walt Disney were worth $1,963,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Vanguard Group Inc. lifted its holdings in Walt Disney by 1.0% during the 4th quarter. Vanguard Group Inc. now owns 151,443,502 shares of the entertainment giant’s stock worth $13,673,834,000 after buying an additional 1,555,748 shares during the last quarter. Morgan Stanley increased its holdings in shares of Walt Disney by 0.4% during the third quarter. Morgan Stanley now owns 44,318,444 shares of the entertainment giant’s stock valued at $3,592,010,000 after purchasing an additional 195,512 shares during the period. Norges Bank acquired a new position in Walt Disney during the 4th quarter valued at about $1,938,647,000. Charles Schwab Investment Management Inc. increased its stake in shares of Walt Disney by 2.2% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 9,943,052 shares of the entertainment giant’s stock valued at $897,758,000 after acquiring an additional 211,397 shares during the period. Finally, Fisher Asset Management LLC raised its holdings in Walt Disney by 4.5% during the fourth quarter. Fisher Asset Management LLC now owns 7,204,256 shares of the entertainment giant’s stock worth $650,472,000 after purchasing an additional 309,376 shares in the last quarter. Institutional investors and hedge funds own 65.71% of the company’s stock.

Insider Activity

In related news, Director James P. Gorman bought 20,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 8th. The shares were acquired at an average price of $106.03 per share, with a total value of $2,120,600.00. Following the completion of the transaction, the director now owns 20,467 shares of the company’s stock, valued at approximately $2,170,116.01. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, Director James P. Gorman bought 20,000 shares of Walt Disney stock in a transaction that occurred 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 purchase, the director now owns 20,467 shares in the company, valued at $2,170,116.01. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Sonia L. Coleman sold 1,857 shares of Walt Disney stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $121.92, for a total value of $226,405.44. Following the sale, the executive vice president now directly owns 4,400 shares in the company, valued at $536,448. The disclosure for this sale can be found here. 0.10% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

DIS has been the topic of several research analyst reports. Raymond James lifted their price target on Walt Disney from $112.00 to $128.00 and gave the company an “outperform” rating in a research report on Tuesday, March 26th. Guggenheim boosted their target price on shares of Walt Disney from $125.00 to $140.00 and gave the stock a “buy” rating in a report on Wednesday, April 3rd. Evercore ISI reduced their target price on shares of Walt Disney from $130.00 to $128.00 and set an “outperform” rating for the company in a report on Wednesday, May 8th. Macquarie increased their price objective on Walt Disney from $104.00 to $107.00 and gave the company a “neutral” rating in a research report on Monday, May 13th. Finally, Redburn Atlantic raised Walt Disney from a “sell” rating to a “neutral” rating and set a $100.00 target price for the company in a report on Tuesday, May 21st. One analyst has rated the stock with a sell rating, three have given a hold rating and twenty-two have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $126.50.

Walt Disney Trading Down 2.9 %

Walt Disney stock opened at $99.19 on Friday. The Walt Disney Company has a one year low of $78.73 and a one year high of $123.74. The company’s fifty day moving average price is $104.76 and its two-hundred day moving average price is $104.57. The company has a market capitalization of $180.83 billion, a price-to-earnings ratio of 107.82, a PEG ratio of 1.27 and a beta of 1.40. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.75 and a quick ratio of 0.69.

Walt Disney (NYSE:DIS) last posted its quarterly earnings data on Tuesday, May 7th. The entertainment giant reported $1.21 earnings per share for the quarter, topping the consensus estimate of $1.12 by $0.09. The business had revenue of $22.08 billion during the quarter, compared to analysts’ expectations of $22.12 billion. Walt Disney had a return on equity of 8.37% and a net margin of 1.90%. The firm’s revenue was up 1.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.93 EPS. On average, analysts forecast that The Walt Disney Company will post 4.76 earnings per share 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.