Occidental Asset Management LLC Takes Position in The Walt Disney Company (NYSE:DIS)

Occidental Asset Management LLC purchased a new position in The Walt Disney Company (NYSE:DIS) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 13,427 shares of the entertainment giant’s stock, valued at approximately $1,643,000.

Several other institutional investors also recently bought and sold shares of the company. Planned Solutions Inc. purchased a new position in Walt Disney in the 4th quarter worth approximately $26,000. Gold Investment Management Ltd. purchased a new position in shares of Walt Disney in the fourth quarter worth $28,000. Fortis Group Advisors LLC bought a new position in shares of Walt Disney during the third quarter valued at $30,000. Stone House Investment Management LLC boosted its position in shares of Walt Disney by 355.3% during the fourth quarter. Stone House Investment Management LLC now owns 346 shares of the entertainment giant’s stock valued at $31,000 after buying an additional 270 shares during the last quarter. Finally, Partnership Wealth Management LLC bought a new stake in Walt Disney in the 4th quarter worth about $33,000. 65.71% of the stock is owned by hedge funds and other institutional investors.

Walt Disney Price Performance

DIS traded down $2.88 during trading on Friday, hitting $99.29. 21,439,416 shares of the company traded hands, compared to its average volume of 8,740,152. The company has a current ratio of 0.75, a quick ratio of 0.69 and a debt-to-equity ratio of 0.38. The company has a market cap of $181.01 billion, a PE ratio of 107.82, a P/E/G ratio of 1.27 and a beta of 1.40. The stock’s 50-day simple moving average is $104.76 and its two-hundred day simple moving average is $104.57. The Walt Disney Company has a 1 year low of $78.73 and a 1 year high of $123.74.

Walt Disney (NYSE:DIS) last issued its quarterly earnings data on Tuesday, May 7th. The entertainment giant reported $1.21 earnings per share for the quarter, beating analysts’ consensus estimates of $1.12 by $0.09. Walt Disney had a return on equity of 8.37% and a net margin of 1.90%. The firm had revenue of $22.08 billion during the quarter, compared to analyst estimates of $22.12 billion. During the same quarter last year, the business posted $0.93 earnings per share. The business’s quarterly revenue was up 1.2% compared to the same quarter last year. As a group, sell-side analysts anticipate that The Walt Disney Company will post 4.76 earnings per share for the current fiscal year.

Analysts Set New Price Targets

DIS has been the topic of a number of recent analyst reports. Macquarie raised their price target on shares of Walt Disney from $104.00 to $107.00 and gave the company a “neutral” rating in a report on Monday, May 13th. Needham & Company LLC restated a “buy” rating and issued a $145.00 target price on shares of Walt Disney in a report on Tuesday, May 7th. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Walt Disney from $125.00 to $130.00 and gave the company a “buy” rating in a research note on Monday, May 6th. UBS Group dropped their price target on Walt Disney from $140.00 to $130.00 and set a “buy” rating on the stock in a research note on Wednesday, May 8th. Finally, Redburn Atlantic upgraded 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. One analyst has rated the stock with a sell rating, three have issued a hold rating and twenty-two have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $126.50.

Insider Transactions at Walt Disney

In related news, EVP Sonia L. Coleman sold 1,857 shares of the firm’s stock in a transaction on Monday, April 1st. The shares were sold at an average price of $121.92, for a total value of $226,405.44. Following the completion of the transaction, the executive vice president now directly owns 4,400 shares of the company’s stock, valued at $536,448. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other news, EVP Sonia L. Coleman sold 1,857 shares of the company’s stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $121.92, for a total transaction of $226,405.44. Following the sale, the executive vice president now directly owns 4,400 shares in the company, valued at approximately $536,448. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director James P. Gorman purchased 20,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 8th. The stock was 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. Insiders own 0.10% of the company’s stock.

Walt Disney Company 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.