NorthCrest Asset Manangement LLC Buys 3,699 Shares of The Walt Disney Company (NYSE:DIS)

NorthCrest Asset Manangement LLC boosted its holdings in The Walt Disney Company (NYSE:DIS) by 1.9% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 201,148 shares of the entertainment giant’s stock after buying an additional 3,699 shares during the period. NorthCrest Asset Manangement LLC’s holdings in Walt Disney were worth $22,398,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Mpwm Advisory Solutions LLC purchased a new position in shares of Walt Disney during the fourth quarter valued at about $27,000. FPC Investment Advisory Inc. purchased a new position in shares of Walt Disney during the fourth quarter valued at about $28,000. Tacita Capital Inc grew its position in shares of Walt Disney by 93.2% during the fourth quarter. Tacita Capital Inc now owns 257 shares of the entertainment giant’s stock valued at $29,000 after purchasing an additional 124 shares in the last quarter. Pilgrim Partners Asia Pte Ltd purchased a new position in Walt Disney in the fourth quarter worth about $32,000. Finally, Midwest Capital Advisors LLC purchased a new position in Walt Disney in the fourth quarter worth about $34,000. Hedge funds and other institutional investors own 65.71% of the company’s stock.

Walt Disney Stock Up 2.4%

Walt Disney stock opened at $112.32 on Wednesday. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.62 and a current ratio of 0.68. The Walt Disney Company has a fifty-two week low of $80.10 and a fifty-two week high of $118.63. The company has a market capitalization of $201.92 billion, a PE ratio of 36.59, a price-to-earnings-growth ratio of 1.80 and a beta of 1.49. The firm has a 50 day moving average price of $96.34 and a 200 day moving average price of $105.46.

Walt Disney (NYSE:DIS) last posted its quarterly earnings data on Wednesday, May 7th. The entertainment giant reported $1.45 EPS for the quarter, beating analysts’ consensus estimates of $1.21 by $0.24. Walt Disney had a net margin of 6.07% and a return on equity of 9.95%. The company had revenue of $23.62 billion for the quarter, compared to analyst estimates of $23.15 billion. During the same period in the previous year, the business posted $1.21 earnings per share. Walt Disney’s quarterly revenue was up 7.0% on a year-over-year basis. Research analysts expect that The Walt Disney Company will post 5.47 earnings per share for the current year.

Analyst Upgrades and Downgrades

DIS has been the subject of several recent research reports. Needham & Company LLC reiterated a “buy” rating and issued a $125.00 price target on shares of Walt Disney in a research report on Thursday, May 8th. Rosenblatt Securities reiterated a “buy” rating and issued a $135.00 price target on shares of Walt Disney in a research report on Monday, February 10th. Prescient Securities dropped their price target on Walt Disney from $130.00 to $115.00 and set a “neutral” rating for the company in a research report on Tuesday, February 4th. UBS Group lifted their price target on Walt Disney from $105.00 to $120.00 and gave the stock a “buy” rating in a research report on Thursday, May 8th. Finally, Guggenheim decreased their price objective on shares of Walt Disney from $130.00 to $120.00 and set a “buy” rating for the company in a research note on Thursday, May 8th. Six equities research 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. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $123.54.

Insider Buying and Selling

In other Walt Disney news, EVP Brent Woodford sold 1,000 shares of the company’s stock in a transaction dated Tuesday, May 13th. The shares were sold at an average price of $110.84, for a total value of $110,840.00. Following the sale, the executive vice president now owns 46,831 shares of the company’s stock, valued at $5,190,748.04. This represents a 2.09% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.16% of the stock is owned by insiders.

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.