Oak Asset Management LLC Reduces Stock Position in The Walt Disney Company (NYSE:DIS)

Oak Asset Management LLC lessened its holdings in The Walt Disney Company (NYSE:DIS) by 20.0% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 5,278 shares of the entertainment giant’s stock after selling 1,319 shares during the quarter. Oak Asset Management LLC’s holdings in Walt Disney were worth $646,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of DIS. Avitas Wealth Management LLC grew its holdings in shares of Walt Disney by 2.2% during the fourth quarter. Avitas Wealth Management LLC now owns 11,037 shares of the entertainment giant’s stock worth $997,000 after purchasing an additional 238 shares during the last quarter. WNY Asset Management LLC grew 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 worth $756,000 after purchasing an additional 2,304 shares during the last quarter. Telos Capital Management Inc. grew its holdings in shares of Walt Disney by 1.7% during the fourth quarter. Telos Capital Management Inc. now owns 74,767 shares of the entertainment giant’s stock worth $6,751,000 after purchasing an additional 1,236 shares during the last quarter. Howard Capital Management Group LLC grew its holdings in shares of Walt Disney by 1.8% during 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. Finally, Valmark Advisers Inc. grew its holdings in shares of Walt Disney by 4.9% during the fourth quarter. Valmark Advisers Inc. now owns 7,744 shares of the entertainment giant’s stock worth $699,000 after purchasing an additional 359 shares during the last quarter. Hedge funds and other institutional investors own 65.71% of the company’s stock.

Insider Buying and Selling at Walt Disney

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

Walt Disney Stock Down 2.8 %

DIS stock opened at $99.29 on Monday. The stock has a market capitalization of $181.01 billion, a P/E ratio of 107.93, a PEG ratio of 1.23 and a beta of 1.40. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.69 and a current ratio of 0.75. The Walt Disney Company has a one year low of $78.73 and a one year high of $123.74. The company has a 50 day moving average price of $104.76 and a two-hundred day moving average price of $104.74.

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

Wall Street Analyst Weigh In

Several brokerages have issued reports on DIS. Argus raised 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. JPMorgan Chase & Co. started coverage on shares of Walt Disney in a research note on Thursday, April 11th. They set an “overweight” rating and a $140.00 target price for the company. Loop Capital increased their target price on shares of Walt Disney from $113.00 to $140.00 and gave the stock a “buy” rating in a research note on Monday, May 6th. Redburn Atlantic upgraded shares of Walt Disney from a “sell” rating to a “neutral” rating and set a $100.00 target price for the company in a research note on Tuesday, May 21st. Finally, Evercore ISI decreased their target price on shares of Walt Disney from $130.00 to $128.00 and set an “outperform” rating for the company in a research note on Wednesday, May 8th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and twenty-two have issued a buy rating to the company’s stock. Based on data from MarketBeat, Walt Disney currently has an average rating of “Moderate Buy” and an average target price of $126.50.

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.