Rice Partnership LLC Sells 1,898 Shares of The Walt Disney Company (NYSE:DIS)

Rice Partnership LLC lowered its stake in shares of The Walt Disney Company (NYSE:DIS) by 47.0% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,140 shares of the entertainment giant’s stock after selling 1,898 shares during the period. Rice Partnership LLC’s holdings in Walt Disney were worth $211,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also modified their holdings of the business. Sierra Ocean LLC lifted its holdings in shares of Walt Disney by 4.3% during the 1st quarter. Sierra Ocean LLC now owns 3,578 shares of the entertainment giant’s stock valued at $353,000 after purchasing an additional 147 shares in the last quarter. Core Alternative Capital lifted its holdings in shares of Walt Disney by 71.0% during the 1st quarter. Core Alternative Capital now owns 542 shares of the entertainment giant’s stock valued at $53,000 after purchasing an additional 225 shares in the last quarter. Whelan Financial lifted its holdings in shares of Walt Disney by 160.2% during the 1st quarter. Whelan Financial now owns 5,753 shares of the entertainment giant’s stock valued at $568,000 after purchasing an additional 3,542 shares in the last quarter. Adell Harriman & Carpenter Inc. lifted its holdings in shares of Walt Disney by 4.4% during the 1st quarter. Adell Harriman & Carpenter Inc. now owns 15,387 shares of the entertainment giant’s stock valued at $1,519,000 after purchasing an additional 647 shares in the last quarter. Finally, Concurrent Investment Advisors LLC lifted its holdings in shares of Walt Disney by 8.3% during the 1st quarter. Concurrent Investment Advisors LLC now owns 69,725 shares of the entertainment giant’s stock valued at $6,882,000 after purchasing an additional 5,367 shares in the last quarter. Institutional investors own 65.71% of the company’s stock.

Walt Disney Trading Up 0.8%

Shares of Walt Disney stock opened at $123.98 on Friday. The Walt Disney Company has a 12-month low of $80.10 and a 12-month high of $124.69. The stock has a market cap of $222.88 billion, a P/E ratio of 25.35, a P/E/G ratio of 1.81 and a beta of 1.56. 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 business’s 50 day moving average is $111.87 and its 200-day moving average is $106.34.

Walt Disney (NYSE:DIS) last posted its earnings results on Wednesday, May 7th. The entertainment giant reported $1.45 earnings per share for the quarter, topping analysts’ consensus estimates of $1.21 by $0.24. The business 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 9.99% and a net margin of 9.47%. The firm’s revenue was up 7.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.21 EPS. Equities research analysts predict that The Walt Disney Company will post 5.47 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

DIS has been the topic of several recent analyst reports. Jefferies Financial Group upgraded Walt Disney from a “hold” rating to a “buy” rating and lifted their price objective for the company from $100.00 to $144.00 in a report on Monday, June 30th. Rosenblatt Securities lifted their price objective on Walt Disney from $135.00 to $140.00 and gave the company a “buy” rating in a report on Tuesday, June 3rd. Morgan Stanley lifted their target price on Walt Disney from $110.00 to $120.00 and gave the company an “overweight” rating in a research report on Thursday, May 8th. Loop Capital lifted their target price on Walt Disney from $125.00 to $130.00 and gave the company a “buy” rating in a research report on Tuesday, June 10th. Finally, Guggenheim lifted their target price on Walt Disney from $120.00 to $140.00 and gave the company a “buy” rating in a research report on Friday, June 27th. Five 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. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $125.83.

Insider Buying and Selling 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 transaction of $110,840.00. Following the transaction, the executive vice president directly owned 46,831 shares of the company’s stock, valued at approximately $5,190,748.04. The trade was a 2.09% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.16% of the company’s stock.

Walt Disney 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.