Donaldson Capital Management LLC Has $1.11 Million Stock Position in The Walt Disney Company (NYSE:DIS)

Donaldson Capital Management LLC lessened its stake in The Walt Disney Company (NYSE:DIS) by 6.5% in the 1st quarter, HoldingsChannel reports. The fund owned 11,290 shares of the entertainment giant’s stock after selling 780 shares during the quarter. Donaldson Capital Management LLC’s holdings in Walt Disney were worth $1,114,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Mpwm Advisory Solutions LLC bought a new stake in shares of Walt Disney during the fourth quarter valued at approximately $27,000. FPC Investment Advisory Inc. bought a new position in Walt Disney in the 4th quarter valued at $28,000. Tacita Capital Inc increased its stake in shares of Walt Disney by 93.2% in the 4th quarter. Tacita Capital Inc now owns 257 shares of the entertainment giant’s stock valued at $29,000 after buying an additional 124 shares during the period. Pilgrim Partners Asia Pte Ltd bought a new stake in shares of Walt Disney during the fourth quarter worth $32,000. Finally, Midwest Capital Advisors LLC bought a new stake in shares of Walt Disney during the fourth quarter worth $34,000. Institutional investors and hedge funds own 65.71% of the company’s stock.

Walt Disney Trading Up 0.6%

DIS opened at $119.41 on Thursday. The stock has a market capitalization of $214.67 billion, a P/E ratio of 38.90, a P/E/G ratio of 1.80 and a beta of 1.54. The company has a current ratio of 0.68, a quick ratio of 0.62 and a debt-to-equity ratio of 0.36. The Walt Disney Company has a 12 month low of $80.10 and a 12 month high of $120.50. The firm’s fifty day simple moving average is $100.15 and its 200 day simple moving average is $105.82.

Walt Disney (NYSE:DIS) last issued its quarterly earnings results on Wednesday, May 7th. The entertainment giant reported $1.45 EPS for the quarter, beating analysts’ consensus estimates of $1.21 by $0.24. The company had revenue of $23.62 billion for the quarter, compared to analyst estimates of $23.15 billion. Walt Disney had a return on equity of 9.95% and a net margin of 6.07%. The company’s quarterly revenue was up 7.0% compared to the same quarter last year. During the same period in the previous year, the company posted $1.21 earnings per share. As a group, research analysts anticipate that The Walt Disney Company will post 5.47 EPS for the current fiscal year.

Insider Buying and Selling at Walt Disney

In other news, EVP Brent Woodford sold 1,000 shares of the business’s stock in a transaction on Tuesday, May 13th. The shares were sold at an average price of $110.84, for a total value of $110,840.00. Following the sale, the executive vice president now owns 46,831 shares of the company’s stock, valued at $5,190,748.04. The trade was a 2.09% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 0.16% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently weighed in on DIS shares. Loop Capital increased their price objective on shares of Walt Disney from $125.00 to $130.00 and gave the company a “buy” rating in a report on Tuesday. Rosenblatt Securities lifted their price objective on Walt Disney from $135.00 to $140.00 and gave the stock a “buy” rating in a research note on Tuesday, June 3rd. Barclays increased their target price on Walt Disney from $115.00 to $120.00 and gave the company an “overweight” rating in a research note on Thursday, May 8th. Wolfe Research upgraded Walt Disney from a “peer perform” rating to an “outperform” rating and set a $112.00 target price for the company in a research report on Monday, April 21st. Finally, UBS Group increased their price target on shares of Walt Disney from $105.00 to $120.00 and gave the company a “buy” rating in a research report on Thursday, May 8th. Six investment analysts have rated the stock with a hold rating, seventeen have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, Walt Disney currently has a consensus rating of “Moderate Buy” and an average target price of $123.96.

About Walt Disney

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.