The Walt Disney Company (NYSE:DIS) Stake Boosted by Princeton Capital Management LLC

Princeton Capital Management LLC increased its stake in The Walt Disney Company (NYSE:DIS) by 1.7% during the first quarter, Holdings Channel.com reports. The institutional investor owned 46,771 shares of the entertainment giant’s stock after buying an additional 792 shares during the period. The Walt Disney comprises 2.9% of Princeton Capital Management LLC’s investment portfolio, making the stock its 8th biggest holding. Princeton Capital Management LLC’s holdings in The Walt Disney were worth $8,630,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Altium Wealth Management LLC boosted its holdings in shares of The Walt Disney by 10.4% in the 1st quarter. Altium Wealth Management LLC now owns 24,267 shares of the entertainment giant’s stock worth $4,478,000 after buying an additional 2,278 shares during the last quarter. FIL Ltd raised its stake in The Walt Disney by 192.0% in the 4th quarter. FIL Ltd now owns 376,579 shares of the entertainment giant’s stock valued at $68,229,000 after acquiring an additional 247,593 shares during the period. Westpac Banking Corp raised its stake in The Walt Disney by 23.7% in the 4th quarter. Westpac Banking Corp now owns 401,644 shares of the entertainment giant’s stock valued at $72,770,000 after acquiring an additional 76,900 shares during the period. Braun Stacey Associates Inc. raised its stake in The Walt Disney by 0.3% in the 1st quarter. Braun Stacey Associates Inc. now owns 201,566 shares of the entertainment giant’s stock valued at $37,193,000 after acquiring an additional 635 shares during the period. Finally, Asset Advisors Investment Management LLC raised its stake in The Walt Disney by 1.7% in the 1st quarter. Asset Advisors Investment Management LLC now owns 93,172 shares of the entertainment giant’s stock valued at $17,506,000 after acquiring an additional 1,585 shares during the period. 64.04% of the stock is currently owned by institutional investors.

DIS traded up $0.92 during midday trading on Friday, hitting $177.49. The stock had a trading volume of 229,066 shares, compared to its average volume of 10,277,439. The stock has a market capitalization of $322.49 billion, a P/E ratio of -70.63, a P/E/G ratio of 3.70 and a beta of 1.19. The company’s fifty day moving average is $181.01. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.18 and a current ratio of 1.23. The Walt Disney Company has a 1 year low of $108.02 and a 1 year high of $203.02.

The Walt Disney (NYSE:DIS) last released its quarterly earnings data on Thursday, May 13th. The entertainment giant reported $0.79 earnings per share for the quarter, beating analysts’ consensus estimates of $0.27 by $0.52. The firm had revenue of $15.61 billion during the quarter, compared to analyst estimates of $15.99 billion. The Walt Disney had a positive return on equity of 2.07% and a negative net margin of 7.73%. The business’s quarterly revenue was down 13.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.60 earnings per share. On average, research analysts expect that The Walt Disney Company will post 2.28 EPS for the current year.

DIS has been the topic of a number of research reports. Truist Securities lowered their price objective on The Walt Disney from $205.00 to $200.00 and set a “buy” rating on the stock in a research note on Monday, May 17th. Zacks Investment Research upgraded The Walt Disney from a “sell” rating to a “hold” rating and set a $193.00 price objective on the stock in a research note on Monday, February 22nd. Sanford C. Bernstein reiterated a “neutral” rating and set a $163.00 price target on shares of The Walt Disney in a research report on Friday, May 14th. Truist decreased their price target on The Walt Disney from $205.00 to $200.00 and set a “buy” rating on the stock in a research report on Monday, May 17th. They noted that the move was a valuation call. Finally, Deutsche Bank Aktiengesellschaft decreased their price target on The Walt Disney from $222.00 to $213.00 and set a “buy” rating on the stock in a research report on Tuesday, May 18th. One analyst has rated the stock with a sell rating, six have issued a hold rating and twenty-three have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $195.48.

In other news, Chairman Robert A. Iger sold 550,570 shares of the stock in a transaction that occurred on Tuesday, June 1st. The stock was sold at an average price of $179.21, for a total transaction of $98,667,649.70. Following the completion of the sale, the chairman now owns 569,131 shares of the company’s stock, valued at $101,993,966.51. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Susan E. Arnold sold 8,400 shares of the company’s stock in a transaction that occurred on Wednesday, June 2nd. The shares were sold at an average price of $177.75, for a total value of $1,493,100.00. Following the transaction, the director now owns 41,498 shares of the company’s stock, valued at approximately $7,376,269.50. The disclosure for this sale can be found here. Corporate insiders own 0.25% of the company’s stock.

The Walt Disney Profile

The Walt Disney Company, together with its subsidiaries, operates as an entertainment company worldwide. The company's Media Networks segment operates domestic cable networks under the Disney, ESPN, Freeform, FX, and National Geographic brands; and television broadcast network under the ABC brand, as well as eight domestic television stations.

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

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