Olstein Capital Management L.P. Has $14.56 Million Stock Position in The Walt Disney Company (NYSE:DIS)

Olstein Capital Management L.P. lowered its position in shares of The Walt Disney Company (NYSE:DIS) by 14.4% during the first quarter, Holdings Channel.com reports. The firm owned 119,000 shares of the entertainment giant’s stock after selling 20,000 shares during the quarter. Walt Disney accounts for 2.4% of Olstein Capital Management L.P.’s portfolio, making the stock its biggest holding. Olstein Capital Management L.P.’s holdings in Walt Disney were worth $14,561,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the company. Mcdonald Partners LLC raised its position in shares of Walt Disney by 0.5% in the first quarter. Mcdonald Partners LLC now owns 17,975 shares of the entertainment giant’s stock valued at $2,199,000 after buying an additional 88 shares during the last quarter. Sendero Wealth Management LLC raised its holdings in Walt Disney by 2.0% in the 1st quarter. Sendero Wealth Management LLC now owns 4,649 shares of the entertainment giant’s stock valued at $569,000 after acquiring an additional 89 shares during the last quarter. Pflug Koory LLC lifted its stake in shares of Walt Disney by 1.0% during the 1st quarter. Pflug Koory LLC now owns 8,993 shares of the entertainment giant’s stock worth $1,100,000 after purchasing an additional 91 shares during the period. McLean Asset Management Corp grew its position in shares of Walt Disney by 3.2% in the first quarter. McLean Asset Management Corp now owns 3,137 shares of the entertainment giant’s stock valued at $370,000 after purchasing an additional 96 shares during the period. Finally, Destiny Wealth Partners LLC increased its stake in Walt Disney by 2.9% in the first quarter. Destiny Wealth Partners LLC now owns 3,517 shares of the entertainment giant’s stock valued at $430,000 after purchasing an additional 98 shares during the last quarter. 65.71% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

DIS has been the subject of several recent analyst reports. Loop Capital lifted their price target on Walt Disney from $113.00 to $140.00 and gave the company a “buy” rating in a report on Monday, May 6th. Guggenheim increased their price target on shares of Walt Disney from $125.00 to $140.00 and gave the stock a “buy” rating in a research note on Wednesday, April 3rd. Wells Fargo & Company boosted their price objective on shares of Walt Disney from $128.00 to $141.00 and gave the company an “overweight” rating in a research note on Tuesday, April 23rd. Rosenblatt Securities increased their target price on Walt Disney from $129.00 to $137.00 and gave the stock a “buy” rating in a research report on Tuesday, April 2nd. Finally, JPMorgan Chase & Co. began coverage on Walt Disney in a research report on Thursday, April 11th. They set an “overweight” rating and a $140.00 price target for the company. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and twenty-three have issued a buy rating to the company. Based on data from MarketBeat, Walt Disney has a consensus rating of “Moderate Buy” and a consensus price target of $126.44.

Insider Activity

In other Walt Disney news, Director James P. Gorman acquired 20,000 shares of the firm’s stock in a transaction on Wednesday, May 8th. The stock was purchased at an average price of $106.03 per share, with a total value of $2,120,600.00. Following the completion of the acquisition, the director now directly owns 20,467 shares in the company, valued at approximately $2,170,116.01. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, Director James P. Gorman bought 20,000 shares of the firm’s stock in a transaction on Wednesday, May 8th. The stock was bought at an average cost of $106.03 per share, for a total transaction of $2,120,600.00. Following the completion of the purchase, the director now directly owns 20,467 shares in the company, valued at approximately $2,170,116.01. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Sonia L. Coleman sold 4,400 shares of the 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 disclosure for this sale can be found here. Company insiders own 0.10% of the company’s stock.

Walt Disney Stock Up 0.6 %

NYSE DIS traded up $0.59 during trading hours on Wednesday, reaching $98.59. 5,029,969 shares of the company traded hands, compared to its average volume of 11,481,462. The stock has a market capitalization of $179.72 billion, a PE ratio of 107.19, a PEG ratio of 1.23 and a beta of 1.40. The company has a current ratio of 0.75, a quick ratio of 0.69 and a debt-to-equity ratio of 0.38. The Walt Disney Company has a 12 month low of $78.73 and a 12 month high of $123.74. The company has a 50 day moving average of $104.17 and a two-hundred day moving average of $104.81.

Walt Disney (NYSE:DIS) last posted its quarterly earnings results on Tuesday, May 7th. The entertainment giant reported $1.21 EPS for the quarter, topping analysts’ consensus estimates of $1.12 by $0.09. Walt Disney had a return on equity of 8.37% and a net margin of 1.90%. The business had revenue of $22.08 billion during the quarter, compared to the consensus estimate of $22.12 billion. During the same period last year, the firm earned $0.93 earnings per share. The company’s revenue for the quarter was up 1.2% compared to the same quarter last year. As a group, equities analysts expect that The Walt Disney Company will post 4.76 earnings per share for the current year.

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.