Howland Capital Management LLC Has $20.68 Million Holdings in The Walt Disney Company (NYSE:DIS)

Howland Capital Management LLC cut its holdings in The Walt Disney Company (NYSE:DIS) by 5.3% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 168,971 shares of the entertainment giant’s stock after selling 9,363 shares during the period. Howland Capital Management LLC’s holdings in Walt Disney were worth $20,675,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also modified their holdings of the company. Diversified Trust Co increased its holdings in Walt Disney by 15.7% in the 3rd quarter. Diversified Trust Co now owns 30,825 shares of the entertainment giant’s stock valued at $2,498,000 after buying an additional 4,194 shares during the period. Kampmann Melissa S. bought a new position in Walt Disney in the 3rd quarter valued at about $508,000. Brown Shipley& Co Ltd increased its holdings in Walt Disney by 15.6% in the 3rd quarter. Brown Shipley& Co Ltd now owns 64,329 shares of the entertainment giant’s stock valued at $5,214,000 after buying an additional 8,683 shares during the period. Comerica Bank bought a new position in Walt Disney in the 3rd quarter valued at about $38,734,000. Finally, Allen Mooney & Barnes Investment Advisors LLC bought a new position in Walt Disney in the 3rd quarter valued at about $4,327,000. 65.71% of the stock is currently owned by institutional investors and hedge funds.

Walt Disney Trading Down 0.4 %

Walt Disney stock traded down $0.37 during mid-day trading on Thursday, hitting $96.60. 7,423,703 shares of the stock were exchanged, compared to its average volume of 11,356,775. The firm’s fifty day simple moving average is $102.44 and its two-hundred day simple moving average is $104.95. The stock has a market capitalization of $176.11 billion, a price-to-earnings ratio of 105.00, a PEG ratio of 1.21 and a beta of 1.40. The company has a quick ratio of 0.69, a current ratio of 0.75 and a debt-to-equity ratio of 0.38. The Walt Disney Company has a 12 month low of $78.73 and a 12 month high of $123.74.

Walt Disney (NYSE:DIS) last released its earnings results on Tuesday, May 7th. The entertainment giant reported $1.21 earnings per share (EPS) for the quarter, beating 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 the consensus estimate of $22.12 billion. During the same quarter in the previous year, the company earned $0.93 EPS. Walt Disney’s quarterly revenue was up 1.2% compared to the same quarter last year. Analysts forecast that The Walt Disney Company will post 4.75 EPS for the current year.

Insider Activity at Walt Disney

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 bought at an average price of $106.03 per share, for a total transaction of $2,120,600.00. Following the transaction, the director now directly owns 20,467 shares of the company’s stock, valued at $2,170,116.01. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Walt Disney news, EVP Sonia L. Coleman sold 4,400 shares of the company’s stock in a transaction on 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 accessible through this hyperlink. Also, Director James P. Gorman acquired 20,000 shares of the stock in a transaction on Wednesday, May 8th. The shares were acquired at an average price of $106.03 per share, for a total transaction of $2,120,600.00. Following the acquisition, the director now owns 20,467 shares of the company’s stock, valued at approximately $2,170,116.01. The disclosure for this purchase can be found here. 0.10% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

DIS has been the topic of several recent analyst reports. Wells Fargo & Company raised their target price on shares of Walt Disney from $128.00 to $141.00 and gave the company an “overweight” rating in a report on Tuesday, April 23rd. Moffett Nathanson reduced their price target on shares of Walt Disney from $130.00 to $125.00 and set a “buy” rating on the stock in a research note on Tuesday, July 2nd. Evercore ISI reduced their price target on shares of Walt Disney from $130.00 to $128.00 and set an “outperform” rating on the stock in a research note on Wednesday, May 8th. The Goldman Sachs Group began coverage on shares of Walt Disney in a research note on Tuesday, June 25th. They issued a “buy” rating and a $125.00 price target on the stock. Finally, Needham & Company LLC restated a “buy” rating and issued a $145.00 price target on shares of Walt Disney in a research note on Wednesday, July 3rd. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and twenty-three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $126.44.

Walt Disney Profile

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.