Avalon Capital Management Has $2.98 Million Holdings in The Walt Disney Company (NYSE:DIS)

Avalon Capital Management trimmed its holdings in shares of The Walt Disney Company (NYSE:DIS) by 0.4% during the 1st quarter, HoldingsChannel reports. The institutional investor owned 24,374 shares of the entertainment giant’s stock after selling 110 shares during the period. Walt Disney comprises about 1.2% of Avalon Capital Management’s portfolio, making the stock its 25th biggest holding. Avalon Capital Management’s holdings in Walt Disney were worth $2,982,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of DIS. Vanguard Group Inc. boosted its holdings in Walt Disney by 1.0% during the fourth quarter. Vanguard Group Inc. now owns 151,443,502 shares of the entertainment giant’s stock valued at $13,673,834,000 after acquiring an additional 1,555,748 shares during the period. Morgan Stanley grew its holdings in Walt Disney by 0.4% in the 3rd quarter. Morgan Stanley now owns 44,318,444 shares of the entertainment giant’s stock valued at $3,592,010,000 after buying an additional 195,512 shares during the last quarter. Norges Bank bought a new position in Walt Disney in the 4th quarter worth approximately $1,938,647,000. Charles Schwab Investment Management Inc. increased its position in Walt Disney by 2.2% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 9,943,052 shares of the entertainment giant’s stock worth $897,758,000 after buying an additional 211,397 shares during the period. Finally, Fisher Asset Management LLC boosted its position in shares of Walt Disney by 4.5% in the fourth quarter. Fisher Asset Management LLC now owns 7,204,256 shares of the entertainment giant’s stock valued at $650,472,000 after acquiring an additional 309,376 shares during the period. 65.71% of the stock is currently owned by institutional investors.

Walt Disney Price Performance

Walt Disney stock traded down $2.88 on Friday, reaching $99.29. The company’s stock had a trading volume of 21,439,416 shares, compared to its average volume of 8,740,152. The Walt Disney Company has a twelve month low of $78.73 and a twelve month high of $123.74. The company has a market cap of $181.01 billion, a price-to-earnings ratio of 107.93, a PEG ratio of 1.23 and a beta of 1.40. 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 business’s fifty day moving average price is $104.76 and its 200 day moving average price is $104.66.

Walt Disney (NYSE:DIS) last issued its quarterly earnings data on Tuesday, May 7th. The entertainment giant reported $1.21 EPS 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 firm had revenue of $22.08 billion for the quarter, compared to analyst estimates of $22.12 billion. During the same quarter in the prior year, the firm earned $0.93 EPS. The company’s revenue was up 1.2% on a year-over-year basis. Equities analysts expect that The Walt Disney Company will post 4.76 earnings per share for the current fiscal year.

Insider Activity at Walt Disney

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

Wall Street Analyst Weigh In

Several equities analysts recently commented on the stock. Rosenblatt Securities upped their target price on shares of Walt Disney from $129.00 to $137.00 and gave the company a “buy” rating in a research note on Tuesday, April 2nd. Raymond James boosted their price target on Walt Disney from $112.00 to $128.00 and gave the company an “outperform” rating in a research note on Tuesday, March 26th. Argus raised their price objective on Walt Disney from $125.00 to $140.00 and gave the stock a “buy” rating in a research report on Wednesday, April 10th. Wells Fargo & Company boosted their price objective on Walt Disney from $128.00 to $141.00 and gave the company an “overweight” rating in a research report on Tuesday, April 23rd. Finally, Bank of America raised their target price on Walt Disney from $130.00 to $145.00 and gave the stock a “buy” rating in a research report on Monday, April 1st. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and twenty-two have issued a buy rating to the stock. Based on data from MarketBeat, Walt Disney presently has a consensus rating of “Moderate Buy” and an average target price of $126.50.

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.