Nichols & Pratt Advisers LLP MA Lowers Stock Position in The Walt Disney Company (NYSE:DIS)

Nichols & Pratt Advisers LLP MA cut its stake in shares of The Walt Disney Company (NYSE:DIS) by 12.0% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 5,067 shares of the entertainment giant’s stock after selling 690 shares during the period. Nichols & Pratt Advisers LLP MA’s holdings in Walt Disney were worth $457,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in DIS. Trian Fund Management L.P. grew its stake in shares of Walt Disney by 411.6% during the 3rd quarter. Trian Fund Management L.P. now owns 32,868,307 shares of the entertainment giant’s stock valued at $2,663,976,000 after buying an additional 26,443,257 shares during the period. First Eagle Investment Management LLC acquired a new stake in Walt Disney in the 3rd quarter valued at $326,171,000. International Assets Investment Management LLC increased its holdings in Walt Disney by 8,681.3% in the 4th quarter. International Assets Investment Management LLC now owns 3,349,709 shares of the entertainment giant’s stock valued at $302,445,000 after purchasing an additional 3,311,563 shares in the last quarter. Loomis Sayles & Co. L P increased its holdings in Walt Disney by 21.0% in the 3rd quarter. Loomis Sayles & Co. L P now owns 14,416,343 shares of the entertainment giant’s stock valued at $1,168,444,000 after purchasing an additional 2,505,486 shares in the last quarter. Finally, Northern Trust Corp increased its holdings in Walt Disney by 10.6% in the 3rd quarter. Northern Trust Corp now owns 24,859,476 shares of the entertainment giant’s stock valued at $2,014,861,000 after purchasing an additional 2,384,407 shares in the last quarter. 65.71% of the stock is owned by hedge funds and other institutional investors.

Walt Disney Stock Performance

Shares of NYSE:DIS traded up $0.29 during trading hours on Friday, hitting $106.09. The stock had a trading volume of 8,658,601 shares, compared to its average volume of 12,083,602. The stock’s fifty day simple moving average is $114.37 and its 200 day simple moving average is $101.27. The Walt Disney Company has a 1-year low of $78.73 and a 1-year high of $123.74. The firm has a market capitalization of $194.60 billion, a price-to-earnings ratio of 114.83, a PEG ratio of 1.39 and a beta of 1.40. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.77 and a current ratio of 0.84.

Walt Disney (NYSE:DIS) last announced its quarterly earnings results on Tuesday, May 7th. The entertainment giant reported $1.21 EPS for the quarter, beating the consensus estimate of $1.12 by $0.09. Walt Disney had a net margin of 3.36% and a return on equity of 7.88%. The company had revenue of $22.08 billion for the quarter, compared to analyst estimates of $22.12 billion. During the same quarter last year, the business earned $0.93 earnings per share. Walt Disney’s revenue was up 1.2% compared to the same quarter last year. Sell-side analysts anticipate that The Walt Disney Company will post 4.7 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts recently issued reports on DIS shares. JPMorgan Chase & Co. started coverage on Walt Disney in a report on Thursday, April 11th. They issued an “overweight” rating and a $140.00 price target for the company. The Goldman Sachs Group lowered their target price on Walt Disney from $125.00 to $120.00 and set a “buy” rating for the company in a research note on Thursday, February 8th. Macquarie raised their target price on Walt Disney from $94.00 to $104.00 and gave the company a “neutral” rating in a research note on Thursday, February 8th. Wells Fargo & Company raised their target price on Walt Disney from $128.00 to $141.00 and gave the company an “overweight” rating in a research note on Tuesday, April 23rd. Finally, Tigress Financial restated a “buy” rating and set a $136.00 target price on shares of Walt Disney in a research note on Wednesday, February 21st. One analyst has rated the stock with a sell rating, three have assigned a hold rating and twenty-three have given a buy rating to the stock. Based on data from MarketBeat.com, Walt Disney has an average rating of “Moderate Buy” and an average price target of $126.46.

Insider Buying and Selling at Walt Disney

In related news, Director James P. Gorman acquired 20,000 shares of the stock in a transaction that occurred on Wednesday, May 8th. The shares were acquired at an average price of $106.03 per share, for a total transaction of $2,120,600.00. Following the completion of the purchase, the director now directly owns 20,467 shares of the company’s stock, valued at $2,170,116.01. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In related news, EVP Sonia L. Coleman sold 1,857 shares of the firm’s stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $121.92, for a total transaction of $226,405.44. Following the transaction, the executive vice president now owns 4,400 shares in the company, valued at $536,448. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director James P. Gorman purchased 20,000 shares of the firm’s stock in a transaction on Wednesday, May 8th. The stock was acquired at an average price of $106.03 per share, for a total transaction of $2,120,600.00. Following the transaction, the director now owns 20,467 shares of the company’s stock, valued at approximately $2,170,116.01. The disclosure for this purchase can be found here. 0.10% of the stock is owned by company 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.