Penobscot Investment Management Company Inc. Raises Holdings in The Walt Disney Company (NYSE:DIS)

Penobscot Investment Management Company Inc. grew its position in shares of The Walt Disney Company (NYSE:DIS) by 1.8% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 19,661 shares of the entertainment giant’s stock after purchasing an additional 340 shares during the period. Penobscot Investment Management Company Inc.’s holdings in Walt Disney were worth $1,941,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Mpwm Advisory Solutions LLC purchased a new position in shares of Walt Disney during the fourth quarter valued at about $27,000. Tacita Capital Inc increased its stake in Walt Disney by 93.2% during the fourth quarter. Tacita Capital Inc now owns 257 shares of the entertainment giant’s stock worth $29,000 after acquiring an additional 124 shares during the last quarter. Pilgrim Partners Asia Pte Ltd bought a new stake in Walt Disney during the fourth quarter worth approximately $32,000. Copia Wealth Management bought a new stake in Walt Disney during the fourth quarter worth approximately $36,000. Finally, Vision Financial Markets LLC bought a new stake in Walt Disney during the fourth quarter worth approximately $39,000. Hedge funds and other institutional investors own 65.71% of the company’s stock.

Walt Disney Stock Up 0.7%

Shares of NYSE DIS opened at $119.53 on Thursday. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.61 and a current ratio of 0.67. The firm has a market capitalization of $214.89 billion, a price-to-earnings ratio of 24.44, a PEG ratio of 1.74 and a beta of 1.54. The stock has a 50 day moving average price of $106.76 and a 200 day moving average price of $105.92. The Walt Disney Company has a 52-week low of $80.10 and a 52-week high of $120.50.

Walt Disney (NYSE:DIS) last announced its quarterly earnings results on Wednesday, May 7th. The entertainment giant reported $1.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.21 by $0.24. The firm had revenue of $23.62 billion during the quarter, compared to analyst estimates of $23.15 billion. Walt Disney had a return on equity of 9.99% and a net margin of 9.47%. Walt Disney’s quarterly revenue was up 7.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.21 earnings per share. Sell-side analysts expect that The Walt Disney Company will post 5.47 earnings per share for the current year.

Analysts Set New Price Targets

Several equities research analysts have weighed in on DIS shares. Loop Capital boosted their price objective on Walt Disney from $125.00 to $130.00 and gave the stock a “buy” rating in a research note on Tuesday, June 10th. UBS Group boosted their price objective on Walt Disney from $105.00 to $120.00 and gave the stock a “buy” rating in a research note on Thursday, May 8th. Morgan Stanley boosted their price objective on Walt Disney from $110.00 to $120.00 and gave the stock an “overweight” rating in a research note on Thursday, May 8th. Barclays boosted their price objective on Walt Disney from $115.00 to $120.00 and gave the stock an “overweight” rating in a research note on Thursday, May 8th. Finally, Needham & Company LLC reissued a “buy” rating and set a $125.00 price objective on shares of Walt Disney in a research note on Thursday, May 8th. Six analysts have rated the stock with a hold rating, seventeen have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, Walt Disney presently has an average rating of “Moderate Buy” and a consensus target price of $123.96.

Insider Activity at Walt Disney

In related news, EVP Brent Woodford sold 1,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 13th. The stock was sold at an average price of $110.84, for a total value of $110,840.00. Following the completion of the sale, the executive vice president now owns 46,831 shares in the company, valued at approximately $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 Securities & Exchange Commission, which is accessible through the SEC website. 0.16% of the stock is owned by company insiders.

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.