White Pine Investment CO Has $2.34 Million Holdings in The Walt Disney Company (NYSE:DIS)

White Pine Investment CO lowered its stake in The Walt Disney Company (NYSE:DIS) by 10.7% during the first quarter, HoldingsChannel.com reports. The institutional investor owned 23,659 shares of the entertainment giant’s stock after selling 2,836 shares during the period. White Pine Investment CO’s holdings in Walt Disney were worth $2,335,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the company. Brighton Jones LLC increased its stake in shares of Walt Disney by 7.7% during the fourth quarter. Brighton Jones LLC now owns 26,767 shares of the entertainment giant’s stock worth $2,980,000 after purchasing an additional 1,904 shares during the period. FourThought Financial Partners LLC bought a new position in Walt Disney in the fourth quarter valued at about $446,000. Los Angeles Capital Management LLC grew its holdings in shares of Walt Disney by 117.5% during the 4th quarter. Los Angeles Capital Management LLC now owns 29,071 shares of the entertainment giant’s stock valued at $3,237,000 after purchasing an additional 15,708 shares during the last quarter. Bradley & Co. Private Wealth Management LLC acquired a new position in shares of Walt Disney during the fourth quarter worth $195,000. Finally, Kirtland Hills Capital Management LLC increased its holdings in Walt Disney by 15.6% in the 4th quarter. Kirtland Hills Capital Management LLC now owns 5,765 shares of the entertainment giant’s stock worth $642,000 after purchasing an additional 780 shares in the last quarter. 65.71% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the company. Barclays raised their target price on Walt Disney from $115.00 to $120.00 and gave the stock an “overweight” rating in a research report on Thursday, May 8th. Needham & Company LLC restated a “buy” rating and issued a $125.00 price target on shares of Walt Disney in a report on Thursday, May 8th. Guggenheim cut their target price on Walt Disney from $130.00 to $120.00 and set a “buy” rating on the stock in a report on Thursday, May 8th. Rosenblatt Securities lifted their price target on Walt Disney from $135.00 to $140.00 and gave the company a “buy” rating in a research note on Tuesday, June 3rd. Finally, UBS Group upped their target price on Walt Disney from $105.00 to $120.00 and gave the company a “buy” rating in a report on Thursday, May 8th. Six 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. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $123.96.

Walt Disney Price Performance

Shares of DIS stock opened at $119.53 on Thursday. 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 company has a market capitalization of $214.89 billion, a P/E ratio of 24.44, a P/E/G ratio of 1.74 and a beta of 1.54. The company’s 50-day simple moving average is $106.76 and its two-hundred day simple moving average is $105.92. The Walt Disney Company has a one year low of $80.10 and a one year high of $120.50.

Walt Disney (NYSE:DIS) last issued its quarterly earnings data on Wednesday, May 7th. The entertainment giant reported $1.45 earnings per share for the quarter, topping analysts’ consensus estimates of $1.21 by $0.24. Walt Disney had a return on equity of 9.99% and a net margin of 9.47%. 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 prior year, the business posted $1.21 EPS. The firm’s quarterly revenue was up 7.0% on a year-over-year basis. As a group, equities analysts anticipate that The Walt Disney Company will post 5.47 EPS for the current year.

Insider Activity

In related news, EVP Brent Woodford sold 1,000 shares of the company’s 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 transaction, the executive vice president now directly owns 46,831 shares of the company’s stock, valued at $5,190,748.04. This represents a 2.09% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Company insiders own 0.16% of the company’s stock.

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.