Jamison Private Wealth Management Inc. Trims Holdings in The Walt Disney Company (NYSE:DIS)

Jamison Private Wealth Management Inc. trimmed its stake in The Walt Disney Company (NYSE:DIS) by 1.6% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 35,007 shares of the entertainment giant’s stock after selling 570 shares during the period. Jamison Private Wealth Management Inc.’s holdings in Walt Disney were worth $3,455,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in DIS. Mpwm Advisory Solutions LLC purchased a new stake in shares of Walt Disney in the 4th quarter valued at approximately $27,000. FPC Investment Advisory Inc. purchased a new stake in shares of Walt Disney in the 4th quarter valued at approximately $28,000. Tacita Capital Inc raised its stake in shares of Walt Disney by 93.2% in the 4th quarter. Tacita Capital Inc now owns 257 shares of the entertainment giant’s stock valued at $29,000 after acquiring an additional 124 shares during the period. Pilgrim Partners Asia Pte Ltd purchased a new stake in Walt Disney during the 4th quarter worth approximately $32,000. Finally, Midwest Capital Advisors LLC purchased a new stake in Walt Disney during the 4th quarter worth approximately $34,000. 65.71% of the stock is owned by hedge funds and other institutional investors.

Walt Disney Price Performance

Shares of DIS opened at $117.61 on Friday. The Walt Disney Company has a 1-year low of $80.10 and a 1-year high of $120.50. The stock has a market cap of $211.44 billion, a PE ratio of 24.05, a price-to-earnings-growth ratio of 1.73 and a beta of 1.54. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.67 and a quick ratio of 0.61. The firm has a fifty day moving average price of $104.69 and a 200 day moving average price of $105.88.

Walt Disney (NYSE:DIS) last announced its quarterly earnings results on Wednesday, May 7th. The entertainment giant reported $1.45 earnings per share for the quarter, beating analysts’ consensus estimates of $1.21 by $0.24. Walt Disney had a net margin of 9.47% and a return on equity of 9.99%. The firm had revenue of $23.62 billion during the quarter, compared to analysts’ expectations of $23.15 billion. During the same period in the previous year, the company earned $1.21 earnings per share. Walt Disney’s quarterly revenue was up 7.0% compared to the same quarter last year. As a group, sell-side analysts anticipate that The Walt Disney Company will post 5.47 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on DIS shares. Wolfe Research raised shares of Walt Disney from a “peer perform” rating to an “outperform” rating and set a $112.00 target price on the stock in a research note on Monday, April 21st. UBS Group upped their target price on shares of Walt Disney from $105.00 to $120.00 and gave the stock a “buy” rating in a research note on Thursday, May 8th. Needham & Company LLC reaffirmed a “buy” rating and set a $125.00 target price on shares of Walt Disney in a research note on Thursday, May 8th. Morgan Stanley upped their target price on shares of Walt Disney from $110.00 to $120.00 and gave the stock an “overweight” rating in a research note on Thursday, May 8th. Finally, Loop Capital upped their target price on shares of Walt Disney from $125.00 to $130.00 and gave the stock a “buy” rating in a research note on Tuesday, June 10th. Six analysts have rated the stock with a hold rating, seventeen have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $123.96.

Insider Activity at Walt Disney

In other Walt Disney news, EVP Brent Woodford sold 1,000 shares of Walt Disney 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 transaction, the executive vice president now directly owns 46,831 shares in the company, valued at approximately $5,190,748.04. The trade was a 2.09% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.16% of the stock is owned by corporate insiders.

About Walt Disney

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.