Talbot Financial LLC Has $8.89 Million Stake in The Walt Disney Company (NYSE:DIS)

Talbot Financial LLC lifted its stake in shares of The Walt Disney Company (NYSE:DIS) by 6.6% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 72,648 shares of the entertainment giant’s stock after acquiring an additional 4,474 shares during the period. Talbot Financial LLC’s holdings in Walt Disney were worth $8,889,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of DIS. Planned Solutions Inc. bought a new stake in Walt Disney in the 4th quarter valued at about $26,000. Gold Investment Management Ltd. acquired a new stake in Walt Disney in the fourth quarter valued at approximately $28,000. Fortis Group Advisors LLC bought a new stake in shares of Walt Disney during the third quarter valued at approximately $30,000. Stone House Investment Management LLC raised 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 worth $31,000 after purchasing an additional 270 shares during the period. Finally, Partnership Wealth Management LLC bought a new position in shares of Walt Disney in the 4th quarter worth $33,000. 65.71% of the stock is owned by institutional investors.

Walt Disney Price Performance

NYSE:DIS traded down $1.27 during midday trading on Monday, hitting $98.02. The company had a trading volume of 15,283,505 shares, compared to its average volume of 11,503,215. The company has a market capitalization of $178.69 billion, a PE ratio of 106.49, a P/E/G ratio of 1.23 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 52-week low of $78.73 and a 52-week high of $123.74. The stock’s fifty day moving average price is $104.76 and its 200-day moving average price is $104.74.

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

Analyst Ratings Changes

Several research analysts have weighed in on DIS shares. Argus upped their price objective on shares of Walt Disney from $125.00 to $140.00 and gave the stock a “buy” rating in a report on Wednesday, April 10th. The Goldman Sachs Group assumed coverage on shares of Walt Disney in a report on Tuesday, June 25th. They issued a “buy” rating and a $125.00 target price on the stock. UBS Group cut their price target on Walt Disney from $140.00 to $130.00 and set a “buy” rating for the company in a research note on Wednesday, May 8th. Redburn Atlantic raised Walt Disney from a “sell” rating to a “neutral” rating and set a $100.00 price objective for the company in a research note on Tuesday, May 21st. Finally, Raymond James raised their target price on Walt Disney from $112.00 to $128.00 and gave the company an “outperform” rating in a report on Tuesday, March 26th. One equities research 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, the company presently has an average rating of “Moderate Buy” and an average target price of $126.50.

Insider Buying and Selling at Walt Disney

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

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.