Stokes Family Office LLC Lowers Stock Holdings in The Walt Disney Company (NYSE:DIS)

Stokes Family Office LLC cut its position in shares of The Walt Disney Company (NYSE:DIS) by 5.4% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 11,357 shares of the entertainment giant’s stock after selling 644 shares during the quarter. Stokes Family Office LLC’s holdings in Walt Disney were worth $1,390,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the company. Comerica Bank purchased a new position in shares of Walt Disney in the third quarter valued at about $38,734,000. Dakota Community Bank & Trust NA raised its position in Walt Disney by 44.8% during the 3rd quarter. Dakota Community Bank & Trust NA now owns 857 shares of the entertainment giant’s stock valued at $69,000 after purchasing an additional 265 shares during the last quarter. Bar Harbor Wealth Management lifted its holdings in Walt Disney by 1.7% in the 3rd quarter. Bar Harbor Wealth Management now owns 41,297 shares of the entertainment giant’s stock worth $3,347,000 after buying an additional 685 shares during the period. ASB Consultores LLC bought a new stake in shares of Walt Disney in the 3rd quarter worth approximately $240,000. Finally, Fidelity D & D Bancorp Inc. bought a new position in shares of Walt Disney during the third quarter valued at approximately $221,000. 65.71% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts have issued reports on DIS shares. Bank of America boosted their price objective on shares of Walt Disney from $130.00 to $145.00 and gave the company a “buy” rating in a research report on Monday, April 1st. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Walt Disney from $125.00 to $130.00 and gave the stock a “buy” rating in a report on Monday, May 6th. Evercore ISI decreased their target price on Walt Disney from $130.00 to $128.00 and set an “outperform” rating for the company in a research report on Wednesday, May 8th. Raymond James upped their price target on Walt Disney from $112.00 to $128.00 and gave the stock an “outperform” rating in a research note on Tuesday, March 26th. Finally, Guggenheim raised their price objective on Walt Disney from $125.00 to $140.00 and gave the company a “buy” rating in a research report on Wednesday, April 3rd. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and twenty-three have issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $126.44.

Insiders Place Their Bets

In other Walt Disney news, Director James P. Gorman acquired 20,000 shares of the company’s stock in a transaction dated Wednesday, May 8th. The stock was purchased at an average price of $106.03 per share, with a total value of $2,120,600.00. Following the completion of the purchase, the director now directly owns 20,467 shares in the company, valued at approximately $2,170,116.01. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other news, EVP Sonia L. Coleman sold 4,400 shares of the business’s 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 filing with the SEC, which is available at the SEC website. Also, 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, with a total value of $2,120,600.00. Following the transaction, 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 currently owned by company insiders.

Walt Disney Stock Performance

Shares of NYSE:DIS traded up $0.52 during mid-day trading on Friday, reaching $97.12. 6,462,024 shares of the company traded hands, compared to its average volume of 11,320,050. The company’s 50 day moving average price is $102.12 and its 200-day moving average price is $104.89. The firm has a market cap of $177.05 billion, a PE ratio of 105.96, a PEG ratio of 1.21 and a beta of 1.40. The Walt Disney Company has a 52 week low of $78.73 and a 52 week high of $123.74. 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 issued its quarterly earnings results on Tuesday, May 7th. The entertainment giant reported $1.21 earnings per share for the quarter, beating the consensus estimate of $1.12 by $0.09. The business had revenue of $22.08 billion for the quarter, compared to the consensus estimate of $22.12 billion. Walt Disney had a net margin of 1.90% and a return on equity of 8.37%. The company’s revenue for the quarter was up 1.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.93 earnings per share. On average, equities analysts expect that The Walt Disney Company will post 4.75 EPS for the current fiscal year.

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.