Reliant Investment Management LLC Decreases Stock Position in The Walt Disney Company (NYSE:DIS)

Reliant Investment Management LLC decreased its stake in shares of The Walt Disney Company (NYSE:DIS) by 1.4% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 40,897 shares of the entertainment giant’s stock after selling 600 shares during the quarter. Walt Disney makes up 2.3% of Reliant Investment Management LLC’s investment portfolio, making the stock its 23rd biggest holding. Reliant Investment Management LLC’s holdings in Walt Disney were worth $5,004,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. Mather Group LLC. lifted its holdings in Walt Disney by 32.2% during the 3rd quarter. Mather Group LLC. now owns 14,941 shares of the entertainment giant’s stock worth $1,211,000 after buying an additional 3,638 shares during the last quarter. Van Lanschot Kempen Investment Management N.V. grew its position in shares of Walt Disney by 0.4% during the third quarter. Van Lanschot Kempen Investment Management N.V. now owns 119,689 shares of the entertainment giant’s stock worth $9,701,000 after acquiring an additional 506 shares during the last quarter. Cape Cod Five Cents Savings Bank grew its position in shares of Walt Disney by 97.9% during the third quarter. Cape Cod Five Cents Savings Bank now owns 23,610 shares of the entertainment giant’s stock worth $1,914,000 after acquiring an additional 11,682 shares during the last quarter. CWA Asset Management Group LLC raised its position in Walt Disney by 4.1% in the 3rd quarter. CWA Asset Management Group LLC now owns 22,985 shares of the entertainment giant’s stock valued at $1,863,000 after purchasing an additional 897 shares during the last quarter. Finally, Teza Capital Management LLC raised its holdings in shares of Walt Disney by 13.1% in the third quarter. Teza Capital Management LLC now owns 21,719 shares of the entertainment giant’s stock valued at $1,760,000 after buying an additional 2,510 shares during the last quarter. Institutional investors and hedge funds own 65.71% of the company’s stock.

Walt Disney Stock Down 2.8 %

NYSE:DIS traded down $2.88 during trading hours on Friday, hitting $99.29. 21,439,416 shares of the company’s stock traded hands, compared to its average volume of 8,740,152. The stock’s fifty day moving average price is $104.76 and its two-hundred day moving average price is $104.57. The firm has a market cap of $181.01 billion, a P/E ratio of 107.82, a P/E/G ratio of 1.27 and a beta of 1.40. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.69 and a current ratio of 0.75. The Walt Disney Company has a twelve month low of $78.73 and a twelve 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, topping 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 during the quarter, compared to the consensus estimate of $22.12 billion. During the same quarter in the prior year, the firm earned $0.93 EPS. The company’s revenue was up 1.2% compared to the same quarter last year. On average, research analysts expect that The Walt Disney Company will post 4.76 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the stock. Macquarie lifted their target price 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. Loop Capital boosted their price objective on shares of Walt Disney from $113.00 to $140.00 and gave the company a “buy” rating in a research note on Monday, May 6th. Guggenheim raised their price target on shares of Walt Disney from $125.00 to $140.00 and gave the company a “buy” rating in a report on Wednesday, April 3rd. Argus lifted their target price on shares of Walt Disney from $125.00 to $140.00 and gave the company a “buy” rating in a report on Wednesday, April 10th. Finally, Deutsche Bank Aktiengesellschaft raised their target price on Walt Disney from $125.00 to $130.00 and gave the company a “buy” rating in a report on Monday, May 6th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and twenty-two have issued a buy rating to the company’s stock. According to MarketBeat, Walt Disney currently has an average rating of “Moderate Buy” and an average target price of $126.50.

Insiders Place Their Bets

In other Walt Disney news, Director James P. Gorman acquired 20,000 shares of Walt Disney stock in a transaction that occurred 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 purchase, the director now owns 20,467 shares in the company, valued at $2,170,116.01. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Walt Disney news, EVP Sonia L. Coleman sold 4,400 shares of Walt Disney 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 sale was disclosed in a filing with the SEC, which is available through this link. Also, Director James P. Gorman acquired 20,000 shares of Walt Disney stock in a transaction dated Wednesday, May 8th. The stock was acquired at an average cost of $106.03 per share, with a total value of $2,120,600.00. Following the completion of the transaction, the director now directly 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.