The Walt Disney Company (NYSE:DIS) Shares Acquired by Princeton Capital Management LLC

Princeton Capital Management LLC increased its holdings in shares of The Walt Disney Company (NYSE:DIS) by 1.7% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 46,771 shares of the entertainment giant’s stock after purchasing an additional 792 shares during the quarter. The Walt Disney makes up about 2.9% of Princeton Capital Management LLC’s investment portfolio, making the stock its 8th biggest holding. Princeton Capital Management LLC’s holdings in The Walt Disney were worth $8,630,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Altium Wealth Management LLC raised its position in The Walt Disney by 10.4% during the first quarter. Altium Wealth Management LLC now owns 24,267 shares of the entertainment giant’s stock worth $4,478,000 after acquiring an additional 2,278 shares in the last quarter. FIL Ltd raised its position in The Walt Disney by 192.0% during the fourth quarter. FIL Ltd now owns 376,579 shares of the entertainment giant’s stock worth $68,229,000 after acquiring an additional 247,593 shares in the last quarter. Westpac Banking Corp raised its position in The Walt Disney by 23.7% during the fourth quarter. Westpac Banking Corp now owns 401,644 shares of the entertainment giant’s stock worth $72,770,000 after acquiring an additional 76,900 shares in the last quarter. Braun Stacey Associates Inc. raised its position in The Walt Disney by 0.3% during the first quarter. Braun Stacey Associates Inc. now owns 201,566 shares of the entertainment giant’s stock worth $37,193,000 after acquiring an additional 635 shares in the last quarter. Finally, Asset Advisors Investment Management LLC raised its position in shares of The Walt Disney by 1.7% in the first quarter. Asset Advisors Investment Management LLC now owns 93,172 shares of the entertainment giant’s stock valued at $17,506,000 after purchasing an additional 1,585 shares during the period. Institutional investors and hedge funds own 64.04% of the company’s stock.

Shares of DIS traded up $0.92 during mid-day trading on Friday, reaching $177.49. The company had a trading volume of 229,066 shares, compared to its average volume of 10,277,439. The business’s 50 day moving average price is $181.01. The company has a quick ratio of 1.18, a current ratio of 1.23 and a debt-to-equity ratio of 0.57. The Walt Disney Company has a 1-year low of $108.02 and a 1-year high of $203.02. The company has a market cap of $322.49 billion, a P/E ratio of -70.63, a price-to-earnings-growth ratio of 3.70 and a beta of 1.19.

The Walt Disney (NYSE:DIS) last posted its earnings results on Thursday, May 13th. The entertainment giant reported $0.79 EPS for the quarter, topping the consensus estimate of $0.27 by $0.52. The Walt Disney had a negative net margin of 7.73% and a positive return on equity of 2.07%. The business had revenue of $15.61 billion for the quarter, compared to the consensus estimate of $15.99 billion. During the same period last year, the company earned $0.60 EPS. The firm’s revenue was down 13.4% compared to the same quarter last year. On average, analysts anticipate that The Walt Disney Company will post 2.28 earnings per share for the current year.

In other The Walt Disney news, Chairman Robert A. Iger sold 550,570 shares of the firm’s stock in a transaction that occurred on Tuesday, June 1st. The shares were sold at an average price of $179.21, for a total transaction of $98,667,649.70. Following the completion of the transaction, the chairman now owns 569,131 shares in the company, valued at approximately $101,993,966.51. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Susan E. Arnold sold 8,400 shares of the firm’s stock in a transaction that occurred on Wednesday, June 2nd. The stock was sold at an average price of $177.75, for a total transaction of $1,493,100.00. Following the transaction, the director now owns 41,498 shares of the company’s stock, valued at approximately $7,376,269.50. The disclosure for this sale can be found here. 0.25% of the stock is owned by company insiders.

Several equities analysts have recently weighed in on DIS shares. Loop Capital increased their price objective on shares of The Walt Disney from $190.00 to $230.00 in a research report on Friday, February 12th. Royal Bank of Canada reissued a “buy” rating and issued a $202.00 price objective on shares of The Walt Disney in a research report on Friday, May 14th. Credit Suisse Group increased their price objective on shares of The Walt Disney from $192.00 to $218.00 and gave the company an “outperform” rating in a research report on Friday, February 12th. They noted that the move was a valuation call. The Goldman Sachs Group dropped their price objective on shares of The Walt Disney from $225.00 to $215.00 and set a “buy” rating on the stock in a research report on Friday, May 14th. Finally, Evercore ISI raised their price target on shares of The Walt Disney from $200.00 to $210.00 in a research report on Friday, February 12th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and twenty-three have given a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $195.48.

About The Walt Disney

The Walt Disney Company, together with its subsidiaries, operates as an entertainment company worldwide. The company's Media Networks segment operates domestic cable networks under the Disney, ESPN, Freeform, FX, and National Geographic brands; and television broadcast network under the ABC brand, as well as eight domestic television stations.

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Institutional Ownership by Quarter for The Walt Disney (NYSE:DIS)

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