Hoey Investments Inc. Has $46,000 Position in The Walt Disney Company (NYSE:DIS)

Hoey Investments Inc. lowered its holdings in The Walt Disney Company (NYSE:DIS) by 21.2% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 462 shares of the entertainment giant’s stock after selling 124 shares during the quarter. Hoey Investments Inc.’s holdings in Walt Disney were worth $46,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Mpwm Advisory Solutions LLC acquired a new position in Walt Disney in the fourth quarter worth $27,000. FPC Investment Advisory Inc. acquired a new position in shares of Walt Disney during the fourth quarter valued at $28,000. Tacita Capital Inc lifted its stake 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 acquiring an additional 124 shares during the period. Pilgrim Partners Asia Pte Ltd acquired a new position in shares of Walt Disney during the fourth quarter valued at $32,000. Finally, Midwest Capital Advisors LLC acquired a new position in shares of Walt Disney during the fourth quarter valued at $34,000. Institutional investors and hedge funds own 65.71% of the company’s stock.

Insider Buying and Selling

In related news, EVP Brent Woodford sold 1,000 shares of the stock in a transaction dated 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 directly owns 46,831 shares in the company, valued at approximately $5,190,748.04. This trade represents a 2.09% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.16% of the stock is owned by corporate insiders.

Walt Disney Stock Down 0.6%

NYSE:DIS opened at $117.85 on Friday. 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 company has a market cap of $211.86 billion, a PE ratio of 38.39, a PEG ratio of 1.80 and a beta of 1.54. The Walt Disney Company has a 52-week low of $80.10 and a 52-week high of $120.50. The stock has a 50-day simple moving average of $101.58 and a 200 day simple moving average of $105.92.

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

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. Guggenheim cut their price target on Walt Disney from $130.00 to $120.00 and set a “buy” rating on the stock in a research note on Thursday, May 8th. Barclays upped their price target on Walt Disney from $115.00 to $120.00 and gave the company an “overweight” rating in a research note on Thursday, May 8th. Morgan Stanley upped their price objective on Walt Disney from $110.00 to $120.00 and gave the company an “overweight” rating in a report on Thursday, May 8th. Loop Capital upped their price objective on Walt Disney from $125.00 to $130.00 and gave the company a “buy” rating in a report on Tuesday. Finally, Rosenblatt Securities upped their price objective on Walt Disney from $135.00 to $140.00 and gave the company a “buy” rating in a report on Tuesday, June 3rd. Six analysts have rated the stock with a hold rating, seventeen have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $123.96.

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.