Sanibel Captiva Trust Company Inc. Boosts Holdings in The Walt Disney Company (NYSE:DIS)

Sanibel Captiva Trust Company Inc. lifted its stake in shares of The Walt Disney Company (NYSE:DIS) by 0.7% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 224,167 shares of the entertainment giant’s stock after acquiring an additional 1,459 shares during the period. Sanibel Captiva Trust Company Inc.’s holdings in Walt Disney were worth $22,125,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in DIS. Sonora Investment Management Group LLC raised its holdings in Walt Disney by 5.2% in the first quarter. Sonora Investment Management Group LLC now owns 90,111 shares of the entertainment giant’s stock valued at $8,894,000 after buying an additional 4,420 shares during the period. Fiduciary Financial Group LLC lifted its holdings in shares of Walt Disney by 45.2% during the 1st quarter. Fiduciary Financial Group LLC now owns 4,032 shares of the entertainment giant’s stock valued at $398,000 after acquiring an additional 1,255 shares in the last quarter. Simplicity Wealth LLC boosted its position in Walt Disney by 252.6% during the 1st quarter. Simplicity Wealth LLC now owns 17,138 shares of the entertainment giant’s stock worth $1,691,000 after purchasing an additional 12,278 shares during the period. GAMMA Investing LLC increased its holdings in Walt Disney by 8.1% in the 1st quarter. GAMMA Investing LLC now owns 24,830 shares of the entertainment giant’s stock valued at $2,451,000 after purchasing an additional 1,856 shares in the last quarter. Finally, Harbor Capital Advisors Inc. lifted its stake in shares of Walt Disney by 66,259.4% during the first quarter. Harbor Capital Advisors Inc. now owns 70,341 shares of the entertainment giant’s stock worth $6,943,000 after purchasing an additional 70,235 shares in the last quarter. 65.71% of the stock is owned by hedge funds and other institutional investors.

Walt Disney Stock Performance

DIS stock opened at $115.72 on Tuesday. The company has a market capitalization of $208.03 billion, a P/E ratio of 37.69, a PEG ratio of 1.80 and a beta of 1.54. The company has a quick ratio of 0.62, a current ratio of 0.68 and a debt-to-equity ratio of 0.36. The company has a 50-day simple moving average of $98.83 and a 200 day simple moving average of $105.70. The Walt Disney Company has a fifty-two week low of $80.10 and a fifty-two week high of $118.63.

Walt Disney (NYSE:DIS) last announced its earnings results on Wednesday, May 7th. The entertainment giant reported $1.45 EPS for the quarter, topping the consensus estimate 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 during the quarter, compared to analysts’ expectations of $23.15 billion. During the same period last year, the company posted $1.21 earnings per share. The business’s revenue for the quarter was up 7.0% on a year-over-year basis. Sell-side analysts predict that The Walt Disney Company will post 5.47 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, EVP Brent Woodford sold 1,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 13th. The stock was sold at an average price of $110.84, for a total transaction of $110,840.00. Following the completion of the transaction, the executive vice president now owns 46,831 shares in the company, valued at $5,190,748.04. This trade represents a 2.09% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.16% of the stock is owned by insiders.

Wall Street Analyst Weigh In

DIS has been the subject of a number of recent research reports. Barclays increased their target price on Walt Disney from $115.00 to $120.00 and gave the company an “overweight” rating in a research note on Thursday, May 8th. Guggenheim decreased their target price 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. Rosenblatt Securities boosted their price objective on shares of Walt Disney from $135.00 to $140.00 and gave the stock a “buy” rating in a report on Tuesday, June 3rd. Needham & Company LLC reissued a “buy” rating and issued a $125.00 price objective on shares of Walt Disney in a research report on Thursday, May 8th. Finally, Loop Capital lifted their target price on Walt Disney from $120.00 to $125.00 and gave the stock a “buy” rating in a research report on Thursday, May 8th. Six investment analysts have rated the stock with a hold rating, seventeen have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $123.75.

Walt Disney Company 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.