Triangle Securities Wealth Management Has $1.99 Million Stock Position in The Walt Disney Company (NYSE:DIS)

Triangle Securities Wealth Management trimmed its stake in shares of The Walt Disney Company (NYSE:DISFree Report) by 5.9% during the first quarter, Holdings Channel reports. The firm owned 16,258 shares of the entertainment giant’s stock after selling 1,016 shares during the period. Triangle Securities Wealth Management’s holdings in Walt Disney were worth $1,989,000 at the end of the most recent reporting period.

Other institutional investors also recently added to or reduced their stakes in the company. Planned Solutions Inc. acquired a new position in shares of Walt Disney in the 4th quarter worth approximately $26,000. Gold Investment Management Ltd. acquired a new position in shares of Walt Disney in the 4th quarter worth approximately $28,000. Partnership Wealth Management LLC acquired a new position in shares of Walt Disney in the 4th quarter worth approximately $33,000. Stone House Investment Management LLC boosted its holdings in shares of Walt Disney by 355.3% in the 4th quarter. Stone House Investment Management LLC now owns 346 shares of the entertainment giant’s stock worth $31,000 after acquiring an additional 270 shares in the last quarter. Finally, Fortis Group Advisors LLC acquired a new position in shares of Walt Disney in the 3rd quarter worth approximately $30,000. 65.71% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, EVP Sonia L. Coleman sold 4,400 shares of Walt Disney stock in a transaction dated Thursday, May 9th. The stock was sold at an average price of $106.00, for a total transaction of $466,400.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, 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 transaction of $226,405.44. Following the completion of the sale, the executive vice president now owns 4,400 shares in the company, valued at $536,448. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Sonia L. Coleman sold 4,400 shares of the business’s 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. 0.10% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several research firms have issued reports on DIS. Morgan Stanley upped their price objective on Walt Disney from $110.00 to $135.00 and gave the stock an “overweight” rating in a report on Monday, March 4th. JPMorgan Chase & Co. began coverage on Walt Disney in a report on Thursday, April 11th. They set an “overweight” rating and a $140.00 price objective on the stock. Argus upped their price objective on Walt Disney from $125.00 to $140.00 and gave the stock a “buy” rating in a report on Wednesday, April 10th. Raymond James upped their price objective on Walt Disney from $112.00 to $128.00 and gave the stock an “outperform” rating in a report on Tuesday, March 26th. Finally, Wells Fargo & Company upped their target price on shares of Walt Disney from $128.00 to $141.00 and gave the company an “overweight” rating in a research report on Tuesday, April 23rd. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and twenty-two have given a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $126.29.

Read Our Latest Research Report on DIS

Walt Disney Stock Performance

DIS opened at $102.20 on Friday. The company has a market capitalization of $186.31 billion, a price-to-earnings ratio of 111.09, a P/E/G ratio of 1.27 and a beta of 1.40. The business’s 50-day moving average price is $105.90 and its two-hundred day moving average price is $104.23. 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 Walt Disney Company has a 1 year low of $78.73 and a 1 year high of $123.74.

Walt Disney (NYSE:DISGet Free Report) 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 analysts’ expectations of $22.12 billion. During the same quarter last year, the company posted $0.93 earnings per share. Walt Disney’s quarterly revenue was up 1.2% on a year-over-year basis. Equities analysts expect that The Walt Disney Company will post 4.75 EPS for the current fiscal year.

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.

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

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