Stokes Family Office LLC Cuts Stock Holdings in Walt Disney Co (NYSE:DIS)

Stokes Family Office LLC reduced its position in shares of Walt Disney Co (NYSE:DIS) by 3.7% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 60,106 shares of the entertainment giant’s stock after selling 2,315 shares during the period. Walt Disney makes up approximately 1.5% of Stokes Family Office LLC’s portfolio, making the stock its 14th largest position. Stokes Family Office LLC’s holdings in Walt Disney were worth $5,806,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Carolina Wealth Advisors LLC purchased a new position in Walt Disney in the fourth quarter valued at about $31,000. Cox Capital Mgt LLC purchased a new position in Walt Disney in the first quarter valued at about $34,000. TI Trust Inc. purchased a new position in Walt Disney in the fourth quarter valued at about $39,000. Moser Wealth Advisors LLC purchased a new position in Walt Disney in the fourth quarter valued at about $43,000. Finally, TD Capital Management LLC purchased a new position in Walt Disney in the first quarter valued at about $29,000. 62.80% of the stock is owned by institutional investors.

Shares of DIS traded up $0.55 during mid-day trading on Friday, reaching $117.30. The company had a trading volume of 17,743,334 shares, compared to its average volume of 21,888,922. The firm has a fifty day simple moving average of $107.94 and a 200-day simple moving average of $126.61. Walt Disney Co has a fifty-two week low of $79.07 and a fifty-two week high of $153.41. The company has a current ratio of 0.94, a quick ratio of 0.89 and a debt-to-equity ratio of 0.45. The stock has a market cap of $210.88 billion, a price-to-earnings ratio of 39.63, a price-to-earnings-growth ratio of 11.10 and a beta of 1.08.

Walt Disney (NYSE:DIS) last issued its earnings results on Tuesday, May 5th. The entertainment giant reported $0.60 EPS for the quarter, missing the Zacks’ consensus estimate of $0.83 by ($0.23). Walt Disney had a net margin of 6.88% and a return on equity of 9.09%. The business had revenue of $18.01 billion during the quarter, compared to analysts’ expectations of $17.49 billion. During the same period in the prior year, the business posted $1.61 EPS. The business’s revenue was up 20.7% on a year-over-year basis. As a group, equities analysts predict that Walt Disney Co will post 2.06 EPS for the current fiscal year.

A number of research analysts have recently weighed in on DIS shares. Loop Capital cut shares of Walt Disney from a “buy” rating to a “hold” rating and set a $120.00 price objective for the company. in a research note on Tuesday, May 19th. SunTrust Banks raised their price objective on shares of Walt Disney from $110.00 to $160.00 and gave the stock a “hold” rating in a research note on Tuesday, April 14th. Argus dropped their price objective on shares of Walt Disney from $160.00 to $130.00 and set a “buy” rating for the company in a research note on Friday, March 13th. TheStreet cut shares of Walt Disney from a “b-” rating to a “c+” rating in a research note on Thursday, March 12th. Finally, Wells Fargo & Co cut shares of Walt Disney from an “overweight” rating to an “equal weight” rating in a research note on Sunday, April 19th. One research analyst has rated the stock with a sell rating, thirteen have issued a hold rating and thirteen have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $126.50.

Walt Disney Company Profile

The Walt Disney Company, together with its subsidiaries, operates as an entertainment company worldwide. The company's Media Networks segment operates cable programming businesses under the ESPN, Disney, and Freeform brands; broadcast businesses, including ABC TV Network and eight owned television stations; and radio businesses.

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Institutional Ownership by Quarter for Walt Disney (NYSE:DIS)

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