Orrstown Financial Services Inc. Increases Stock Position in The Walt Disney Company (NYSE:DIS)

Orrstown Financial Services Inc. raised its holdings in shares of The Walt Disney Company (NYSE:DISFree Report) by 17.6% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 3,339 shares of the entertainment giant’s stock after purchasing an additional 500 shares during the period. Orrstown Financial Services Inc.’s holdings in Walt Disney were worth $409,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Avitas Wealth Management LLC increased its holdings in Walt Disney by 2.2% in the 4th quarter. Avitas Wealth Management LLC now owns 11,037 shares of the entertainment giant’s stock worth $997,000 after buying an additional 238 shares in the last quarter. WNY Asset Management LLC raised its holdings in shares of Walt Disney by 32.8% during the third quarter. WNY Asset Management LLC now owns 9,321 shares of the entertainment giant’s stock valued at $756,000 after purchasing an additional 2,304 shares during the last quarter. Telos Capital Management Inc. lifted its position in Walt Disney by 1.7% during the fourth quarter. Telos Capital Management Inc. now owns 74,767 shares of the entertainment giant’s stock valued at $6,751,000 after purchasing an additional 1,236 shares during the period. Stelac Advisory Services LLC lifted its position in Walt Disney by 7.7% during the third quarter. Stelac Advisory Services LLC now owns 68,909 shares of the entertainment giant’s stock valued at $5,598,000 after purchasing an additional 4,915 shares during the period. Finally, Howard Capital Management Group LLC boosted its holdings in Walt Disney by 1.8% in the fourth quarter. Howard Capital Management Group LLC now owns 213,601 shares of the entertainment giant’s stock worth $19,286,000 after purchasing an additional 3,716 shares during the last quarter. Institutional investors own 65.71% of the company’s stock.

Walt Disney Stock Performance

NYSE:DIS opened at $101.50 on Wednesday. The stock has a 50-day moving average price of $106.76 and a 200 day moving average price of $104.20. 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 stock has a market capitalization of $185.04 billion, a P/E ratio of 110.33, a P/E/G ratio of 1.26 and a beta of 1.40.

Walt Disney (NYSE:DISGet Free Report) last announced its quarterly earnings data on Tuesday, May 7th. The entertainment giant reported $1.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.12 by $0.09. Walt Disney had a net margin of 1.90% and a return on equity of 8.37%. The business had revenue of $22.08 billion during the quarter, compared to analyst estimates of $22.12 billion. During the same period last year, the firm posted $0.93 EPS. The company’s revenue was up 1.2% on a year-over-year basis. Equities research analysts forecast that The Walt Disney Company will post 4.76 EPS for the current fiscal year.

Insider Buying and Selling at Walt Disney

In related news, Director James P. Gorman acquired 20,000 shares of the company’s stock in a transaction on Wednesday, May 8th. The stock was acquired at an average price of $106.03 per share, with a total value of $2,120,600.00. Following the acquisition, the director now directly owns 20,467 shares of the company’s stock, valued at $2,170,116.01. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, EVP Sonia L. Coleman sold 4,400 shares of the company’s stock in a transaction on Thursday, May 9th. The shares were sold at an average price of $106.00, for a total transaction of $466,400.00. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director James P. Gorman acquired 20,000 shares of the stock in a transaction on Wednesday, May 8th. The shares were acquired at an average price of $106.03 per share, with a total value of $2,120,600.00. Following the transaction, the director now directly owns 20,467 shares of the company’s stock, valued at $2,170,116.01. The disclosure for this purchase can be found here. 0.10% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on DIS. Bank of America increased their price target on Walt Disney from $130.00 to $145.00 and gave the company a “buy” rating in a report on Monday, April 1st. Raymond James increased their target price on Walt Disney from $112.00 to $128.00 and gave the company an “outperform” rating in a report on Tuesday, March 26th. Tigress Financial restated a “buy” rating and set a $136.00 price target on shares of Walt Disney in a research note on Wednesday, February 21st. Rosenblatt Securities increased their price objective on shares of Walt Disney from $129.00 to $137.00 and gave the stock a “buy” rating in a research note on Tuesday, April 2nd. Finally, Guggenheim boosted their target price on shares of Walt Disney from $125.00 to $140.00 and gave the company a “buy” rating in a research report on Wednesday, April 3rd. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and twenty-two have issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $126.29.

Read Our Latest Stock Report on DIS

Walt Disney Company Profile

(Free Report)

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.

Featured Articles

Want to see what other hedge funds are holding DIS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Walt Disney Company (NYSE:DISFree Report).

Institutional Ownership by Quarter for Walt Disney (NYSE:DIS)

Receive News & Ratings for Walt Disney Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Walt Disney and related companies with MarketBeat.com's FREE daily email newsletter.