Sunburst Financial Group LLC Makes New Investment in The Walt Disney Company (NYSE:DIS)

Sunburst Financial Group LLC bought a new position in The Walt Disney Company (NYSE:DIS) during the 1st quarter, Holdings Channel.com reports. The institutional investor bought 1,781 shares of the entertainment giant’s stock, valued at approximately $216,000.

Several other large investors have also recently added to or reduced their stakes in DIS. Mcdonald Partners LLC lifted its stake in shares of Walt Disney by 0.5% during the first quarter. Mcdonald Partners LLC now owns 17,975 shares of the entertainment giant’s stock valued at $2,199,000 after acquiring an additional 88 shares during the period. Pflug Koory LLC lifted its stake in shares of Walt Disney by 1.0% during the first quarter. Pflug Koory LLC now owns 8,993 shares of the entertainment giant’s stock valued at $1,100,000 after acquiring an additional 91 shares during the period. McLean Asset Management Corp lifted its stake in shares of Walt Disney by 3.2% during the first quarter. McLean Asset Management Corp now owns 3,137 shares of the entertainment giant’s stock valued at $370,000 after acquiring an additional 96 shares during the period. Destiny Wealth Partners LLC lifted its stake in shares of Walt Disney by 2.9% during the first quarter. Destiny Wealth Partners LLC now owns 3,517 shares of the entertainment giant’s stock valued at $430,000 after acquiring an additional 98 shares during the period. Finally, Weil Company Inc. lifted its stake in shares of Walt Disney by 0.5% during the fourth quarter. Weil Company Inc. now owns 20,295 shares of the entertainment giant’s stock valued at $1,832,000 after acquiring an additional 101 shares during the period. 65.71% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Walt Disney

In other Walt Disney news, EVP Sonia L. Coleman sold 4,400 shares of the firm’s stock in a transaction that occurred on Thursday, May 9th. The stock was sold at an average price of $106.00, for a total value of $466,400.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other Walt Disney news, EVP Sonia L. Coleman sold 4,400 shares of the firm’s stock in a transaction that occurred on Thursday, May 9th. The stock was sold at an average price of $106.00, for a total value of $466,400.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, 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 value of $226,405.44. Following the completion of the transaction, the executive vice president now owns 4,400 shares of the company’s stock, valued at $536,448. The disclosure for this sale can be found here. Corporate insiders own 0.10% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. Bank of America upped their price target on Walt Disney from $130.00 to $145.00 and gave the company a “buy” rating in a research note on Monday, April 1st. Wells Fargo & Company increased 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. Rosenblatt Securities increased their target price on Walt Disney from $129.00 to $137.00 and gave the company a “buy” rating in a research note on Tuesday, April 2nd. Guggenheim increased their target price on Walt Disney from $125.00 to $140.00 and gave the company a “buy” rating in a research note on Wednesday, April 3rd. Finally, Needham & Company LLC reissued a “buy” rating and issued a $145.00 target price on shares of Walt Disney in a research note on Tuesday, May 7th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and twenty-two have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $126.50.

Walt Disney Stock Down 0.8 %

Shares of NYSE:DIS traded down $0.86 during mid-day trading on Friday, reaching $101.31. 3,076,158 shares of the stock were exchanged, compared to its average volume of 11,337,122. The company has a quick ratio of 0.69, a current ratio of 0.75 and a debt-to-equity ratio of 0.38. The company has a market cap of $184.69 billion, a P/E ratio of 110.87, a P/E/G ratio of 1.27 and a beta of 1.40. The Walt Disney Company has a one year low of $78.73 and a one year high of $123.74. The stock’s 50 day simple moving average is $105.23 and its 200-day simple moving average is $104.53.

Walt Disney (NYSE:DIS) last posted its quarterly earnings data on Tuesday, May 7th. The entertainment giant reported $1.21 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.12 by $0.09. The business had revenue of $22.08 billion during the quarter, compared to the consensus estimate of $22.12 billion. Walt Disney had a return on equity of 8.37% and a net margin of 1.90%. Walt Disney’s quarterly revenue was up 1.2% on a year-over-year basis. During the same period last year, the company earned $0.93 earnings per share. As a group, equities research analysts predict that The Walt Disney Company will post 4.75 EPS for the current year.

About Walt Disney

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.