J. L. Bainbridge & Co. Inc. Decreases Stock Holdings in The Walt Disney Company (NYSE:DIS)

J. L. Bainbridge & Co. Inc. trimmed its stake in shares of The Walt Disney Company (NYSE:DIS) by 1.2% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 218,691 shares of the entertainment giant’s stock after selling 2,596 shares during the period. Walt Disney makes up 2.2% of J. L. Bainbridge & Co. Inc.’s investment portfolio, making the stock its 21st largest holding. J. L. Bainbridge & Co. Inc.’s holdings in Walt Disney were worth $21,585,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. Mpwm Advisory Solutions LLC purchased a new stake in Walt Disney during the fourth quarter valued at approximately $27,000. Kessler Investment Group LLC increased its holdings in Walt Disney by 274.0% during the first quarter. Kessler Investment Group LLC now owns 273 shares of the entertainment giant’s stock valued at $27,000 after buying an additional 200 shares during the last quarter. Tacita Capital Inc increased its holdings in Walt Disney by 93.2% during the fourth 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 last quarter. Pilgrim Partners Asia Pte Ltd purchased a new stake in Walt Disney during the fourth quarter valued at approximately $32,000. Finally, Copia Wealth Management bought a new position in shares of Walt Disney in the fourth quarter worth approximately $36,000. 65.71% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, EVP Brent Woodford sold 1,000 shares of the 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 approximately $5,190,748.04. This represents a 2.09% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 0.16% of the company’s stock.

Wall Street Analysts Forecast Growth

DIS has been the subject of a number of recent analyst reports. UBS Group upped their price target on shares of Walt Disney from $105.00 to $120.00 and gave the stock a “buy” rating in a research report on Thursday, May 8th. Guggenheim upped their price target on shares of Walt Disney from $120.00 to $140.00 and gave the stock a “buy” rating in a research report on Friday. Rosenblatt Securities upped their price target on shares of Walt Disney from $135.00 to $140.00 and gave the stock a “buy” rating in a research report on Tuesday, June 3rd. Wolfe Research upgraded shares of Walt Disney from a “peer perform” rating to an “outperform” rating and set a $112.00 price target for the company in a research report on Monday, April 21st. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $125.00 price target on shares of Walt Disney in a research report on Thursday, May 8th. Six analysts have rated the stock with a hold rating, seventeen have given a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $124.79.

Walt Disney Price Performance

DIS stock opened at $122.39 on Friday. The Walt Disney Company has a 52 week low of $80.10 and a 52 week high of $122.94. The company has a quick ratio of 0.61, a current ratio of 0.67 and a debt-to-equity ratio of 0.34. The company has a fifty day simple moving average of $108.25 and a two-hundred day simple moving average of $106.02. The firm has a market capitalization of $220.02 billion, a P/E ratio of 25.03, a price-to-earnings-growth ratio of 1.78 and a beta of 1.54.

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

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.