Dumont & Blake Investment Advisors LLC Increases Position in The Walt Disney Company (NYSE:DIS)

Dumont & Blake Investment Advisors LLC increased its stake in shares of The Walt Disney Company (NYSE:DIS) by 37.1% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 16,700 shares of the entertainment giant’s stock after buying an additional 4,516 shares during the quarter. Dumont & Blake Investment Advisors LLC’s holdings in Walt Disney were worth $2,043,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its holdings in Walt Disney by 1.0% in the fourth quarter. Vanguard Group Inc. now owns 151,443,502 shares of the entertainment giant’s stock valued at $13,673,834,000 after acquiring an additional 1,555,748 shares during the period. Morgan Stanley boosted its holdings in Walt Disney by 0.4% during the third quarter. Morgan Stanley now owns 44,318,444 shares of the entertainment giant’s stock worth $3,592,010,000 after buying an additional 195,512 shares in the last quarter. Norges Bank acquired a new position in Walt Disney during the fourth quarter worth about $1,938,647,000. Charles Schwab Investment Management Inc. increased its holdings in Walt Disney by 2.2% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 9,943,052 shares of the entertainment giant’s stock valued at $897,758,000 after buying an additional 211,397 shares in the last quarter. Finally, Fisher Asset Management LLC lifted its position in shares of Walt Disney by 4.5% during the 4th quarter. Fisher Asset Management LLC now owns 7,204,256 shares of the entertainment giant’s stock valued at $650,472,000 after acquiring an additional 309,376 shares during the period. Institutional investors and hedge funds own 65.71% of the company’s stock.

Insider Transactions at Walt Disney

In other Walt Disney news, Director James P. Gorman bought 20,000 shares of Walt Disney stock in a transaction that occurred on Wednesday, May 8th. The shares were acquired at an average price of $106.03 per share, for a total transaction of $2,120,600.00. Following the acquisition, the director now owns 20,467 shares of the company’s stock, valued at approximately $2,170,116.01. The acquisition was disclosed in a filing with the SEC, which is available at this link. In related news, Director James P. Gorman bought 20,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 8th. The shares were acquired at an average cost of $106.03 per share, for a total transaction of $2,120,600.00. Following the acquisition, the director now owns 20,467 shares in the company, valued at approximately $2,170,116.01. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Sonia L. Coleman sold 1,857 shares of the business’s stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $121.92, for a total value of $226,405.44. Following the transaction, the executive vice president now directly owns 4,400 shares in the company, valued at $536,448. The disclosure for this sale can be found here. Company insiders own 0.10% of the company’s stock.

Walt Disney Trading Down 2.8 %

DIS stock traded down $2.88 during trading on Friday, reaching $99.29. 21,439,416 shares of the stock traded hands, compared to its average volume of 8,740,152. The firm has a market capitalization of $181.01 billion, a PE ratio of 107.93, a P/E/G ratio of 1.23 and a beta of 1.40. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.75 and a quick ratio of 0.69. The business’s 50 day moving average price is $104.76 and its 200-day moving average price is $104.66. The Walt Disney Company has a 52-week low of $78.73 and a 52-week high of $123.74.

Walt Disney (NYSE:DIS) last released its quarterly earnings data on Tuesday, May 7th. The entertainment giant reported $1.21 earnings per share for the quarter, beating the consensus estimate of $1.12 by $0.09. The business had revenue of $22.08 billion for the quarter, compared to analyst estimates 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 was up 1.2% compared to the same quarter last year. During the same period in the previous year, the company posted $0.93 EPS. As a group, sell-side analysts forecast that The Walt Disney Company will post 4.76 earnings per share for the current year.

Analyst Ratings Changes

A number of brokerages have recently weighed in on DIS. Evercore ISI dropped their price target on Walt Disney from $130.00 to $128.00 and set an “outperform” rating for the company in a research report on Wednesday, May 8th. Macquarie upped their price target 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. Barclays dropped their price objective on shares of Walt Disney from $135.00 to $130.00 and set an “overweight” rating for the company in a research note on Wednesday, May 8th. Needham & Company LLC reaffirmed a “buy” rating and issued a $145.00 target price on shares of Walt Disney in a research note on Tuesday, May 7th. Finally, Loop Capital increased their target price on Walt Disney from $113.00 to $140.00 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 assigned a hold rating and twenty-two have assigned a buy rating to the company’s stock. According to data from MarketBeat, Walt Disney presently has an average rating of “Moderate Buy” and a consensus target price of $126.50.

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.