1,781 Shares in The Walt Disney Company (NYSE:DIS) Bought by Sunburst Financial Group LLC

Sunburst Financial Group LLC purchased a new position in shares of The Walt Disney Company (NYSE:DIS) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,781 shares of the entertainment giant’s stock, valued at approximately $216,000.

A number of other hedge funds have also recently added to or reduced their stakes in DIS. Acadian Asset Management LLC raised its position in Walt Disney by 13.6% during the third quarter. Acadian Asset Management LLC now owns 22,595 shares of the entertainment giant’s stock worth $1,829,000 after acquiring an additional 2,698 shares during the period. MQS Management LLC raised its position in shares of Walt Disney by 26.0% in the third quarter. MQS Management LLC now owns 5,324 shares of the entertainment giant’s stock valued at $432,000 after buying an additional 1,098 shares during the last quarter. Mather Group LLC. raised its position in shares of Walt Disney by 32.2% in the third quarter. Mather Group LLC. now owns 14,941 shares of the entertainment giant’s stock valued at $1,211,000 after buying an additional 3,638 shares during the last quarter. Truvestments Capital LLC raised its position in shares of Walt Disney by 7.2% in the third quarter. Truvestments Capital LLC now owns 3,566 shares of the entertainment giant’s stock valued at $289,000 after buying an additional 240 shares during the last quarter. Finally, Tower Research Capital LLC TRC raised its position in shares of Walt Disney by 27.3% in the third quarter. Tower Research Capital LLC TRC now owns 102,855 shares of the entertainment giant’s stock valued at $8,336,000 after buying an additional 22,082 shares during the last quarter. 65.71% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the stock. Daiwa Capital Markets reiterated a “buy” rating and issued a $133.00 target price on shares of Walt Disney in a research report on Monday, April 1st. The Goldman Sachs Group initiated coverage on shares of Walt Disney in a research report on Tuesday. They issued a “buy” rating and a $125.00 target price for the company. Guggenheim raised their price objective on shares of Walt Disney from $125.00 to $140.00 and gave the stock a “buy” rating in a research report on Wednesday, April 3rd. Redburn Atlantic upgraded shares of Walt Disney from a “sell” rating to a “neutral” rating and set a $100.00 price objective for the company in a research report on Tuesday, May 21st. Finally, Raymond James raised their price objective on shares of Walt Disney from $112.00 to $128.00 and gave the stock an “outperform” rating in a research report on Tuesday, March 26th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and twenty-two have assigned a buy rating to the company. According to MarketBeat.com, Walt Disney currently has an average rating of “Moderate Buy” and a consensus price target of $126.50.

Insider Activity

In other news, EVP Sonia L. Coleman sold 4,400 shares of Walt Disney stock in a transaction on Thursday, May 9th. The shares were sold at an average price of $106.00, for a total value of $466,400.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In related news, EVP Sonia L. Coleman sold 4,400 shares of Walt Disney stock in a transaction on Thursday, May 9th. The shares were sold at an average price of $106.00, for a total value of $466,400.00. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director James P. Gorman acquired 20,000 shares of the stock in a transaction that occurred on Wednesday, May 8th. The stock was purchased at an average price of $106.03 per share, for a total transaction of $2,120,600.00. Following the completion of the transaction, the director now owns 20,467 shares in the company, valued at $2,170,116.01. The disclosure for this purchase can be found here. Corporate insiders own 0.10% of the company’s stock.

Walt Disney Stock Down 0.8 %

DIS stock traded down $0.86 during midday trading on Friday, reaching $101.31. 3,076,158 shares of the company were exchanged, compared to its average volume of 11,337,122. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.69 and a current ratio of 0.75. The Walt Disney Company has a 1-year low of $78.73 and a 1-year high of $123.74. The stock’s 50-day simple moving average is $105.23 and its 200 day simple moving average is $104.53. The company has a market cap of $184.69 billion, a price-to-earnings ratio of 110.87, a price-to-earnings-growth ratio of 1.27 and a beta of 1.40.

Walt Disney (NYSE:DIS) last released its quarterly earnings data on Tuesday, May 7th. The entertainment giant reported $1.21 earnings per share for the quarter, topping analysts’ consensus estimates of $1.12 by $0.09. Walt Disney had a net margin of 1.90% and a return on equity of 8.37%. The company had revenue of $22.08 billion for the quarter, compared to analysts’ expectations of $22.12 billion. During the same quarter last year, the company earned $0.93 earnings per share. The firm’s revenue for the quarter was up 1.2% on a year-over-year basis. On average, equities analysts forecast that The Walt Disney Company will post 4.75 earnings per share for the current 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.