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

Nichols & Pratt Advisers LLP MA lessened its stake in shares of The Walt Disney Company (NYSE:DIS) by 12.0% in the fourth quarter, HoldingsChannel.com reports. The firm owned 5,067 shares of the entertainment giant’s stock after selling 690 shares during the quarter. Nichols & Pratt Advisers LLP MA’s holdings in Walt Disney were worth $457,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the stock. Evolution Advisers Inc. raised its holdings in shares of Walt Disney by 38.2% during the fourth quarter. Evolution Advisers Inc. now owns 380 shares of the entertainment giant’s stock valued at $34,000 after acquiring an additional 105 shares in the last quarter. Gradient Capital Advisors LLC raised its holdings in shares of Walt Disney by 2.9% during the fourth quarter. Gradient Capital Advisors LLC now owns 3,975 shares of the entertainment giant’s stock valued at $359,000 after acquiring an additional 111 shares in the last quarter. First Business Financial Services Inc. raised its holdings in shares of Walt Disney by 0.7% during the third quarter. First Business Financial Services Inc. now owns 16,514 shares of the entertainment giant’s stock valued at $1,338,000 after acquiring an additional 113 shares in the last quarter. Royal Fund Management LLC raised its holdings in shares of Walt Disney by 2.4% during the fourth quarter. Royal Fund Management LLC now owns 4,880 shares of the entertainment giant’s stock valued at $441,000 after acquiring an additional 113 shares in the last quarter. Finally, Kelman Lazarov Inc. raised its holdings in shares of Walt Disney by 3.4% during the fourth quarter. Kelman Lazarov Inc. now owns 3,583 shares of the entertainment giant’s stock valued at $324,000 after acquiring an additional 117 shares in the last quarter. Hedge funds and other institutional investors own 65.71% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. Daiwa Capital Markets restated a “buy” rating and set a $133.00 target price on shares of Walt Disney in a report on Monday, April 1st. Barclays decreased their price objective on Walt Disney from $135.00 to $130.00 and set an “overweight” rating for the company in a report on Wednesday. The Goldman Sachs Group decreased their price objective on Walt Disney from $125.00 to $120.00 and set a “buy” rating for the company in a report on Thursday, February 8th. Needham & Company LLC reiterated a “buy” rating and issued a $145.00 price objective on shares of Walt Disney in a report on Tuesday. Finally, Tigress Financial reiterated a “buy” rating and issued a $136.00 price objective on shares of Walt Disney in a report on Wednesday, February 21st. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and twenty-three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $126.46.

Insider Activity

In other news, EVP Sonia L. Coleman sold 1,857 shares of Walt Disney stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $121.92, for a total transaction of $226,405.44. Following the transaction, the executive vice president now directly owns 4,400 shares of the company’s stock, valued at approximately $536,448. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In other news, EVP Sonia L. Coleman sold 1,857 shares of Walt Disney stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $121.92, for a total transaction of $226,405.44. Following the transaction, the executive vice president now directly owns 4,400 shares of the company’s stock, valued at approximately $536,448. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director James P. Gorman acquired 20,000 shares of the stock in a transaction dated Wednesday, May 8th. The shares were bought at an average cost of $106.03 per share, for a total transaction of $2,120,600.00. Following the completion of the transaction, the director now owns 20,467 shares in the company, valued at $2,170,116.01. The disclosure for this purchase can be found here. Insiders own 0.10% of the company’s stock.

Walt Disney Stock Performance

NYSE:DIS traded up $0.29 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 has a market cap of $194.60 billion, a price-to-earnings ratio of 114.83, a price-to-earnings-growth ratio of 1.39 and a beta of 1.40. The company has a quick ratio of 0.77, a current ratio of 0.84 and a debt-to-equity ratio of 0.39. The business’s 50-day simple moving average is $114.37 and its two-hundred day simple moving average is $101.27. The Walt Disney Company has a 52-week low of $78.73 and a 52-week high of $123.74.

Walt Disney (NYSE:DIS) last announced its earnings results on Tuesday, May 7th. The entertainment giant reported $1.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.12 by $0.09. The business had revenue of $22.08 billion for the quarter, compared to analysts’ expectations of $22.12 billion. Walt Disney had a return on equity of 7.88% and a net margin of 3.36%. The business’s revenue for the quarter was up 1.2% on a year-over-year basis. During the same period last year, the firm posted $0.93 earnings per share. As a group, research analysts predict that The Walt Disney Company will post 4.7 earnings per share for the current year.

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.