Baxter Bros Inc. Sells 2,548 Shares of The Walt Disney Company (NYSE:DIS)

Baxter Bros Inc. trimmed its position in shares of The Walt Disney Company (NYSE:DIS - Free Report) by 5.4% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 44,590 shares of the entertainment giant's stock after selling 2,548 shares during the period. Baxter Bros Inc.'s holdings in Walt Disney were worth $4,401,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in DIS. Geode Capital Management LLC boosted its stake in Walt Disney by 2.2% during the fourth quarter. Geode Capital Management LLC now owns 38,482,309 shares of the entertainment giant's stock worth $4,272,590,000 after buying an additional 809,989 shares in the last quarter. Northern Trust Corp boosted its position in shares of Walt Disney by 10.4% during the 4th quarter. Northern Trust Corp now owns 22,242,415 shares of the entertainment giant's stock valued at $2,476,693,000 after acquiring an additional 2,096,431 shares in the last quarter. Norges Bank bought a new stake in Walt Disney in the fourth quarter valued at about $2,415,427,000. Jennison Associates LLC increased its stake in Walt Disney by 23.4% in the fourth quarter. Jennison Associates LLC now owns 19,197,463 shares of the entertainment giant's stock valued at $2,137,637,000 after acquiring an additional 3,636,742 shares during the period. Finally, Bank of New York Mellon Corp raised its position in Walt Disney by 15.5% in the fourth quarter. Bank of New York Mellon Corp now owns 17,104,295 shares of the entertainment giant's stock worth $1,904,563,000 after purchasing an additional 2,300,912 shares in the last quarter. Institutional investors and hedge funds own 65.71% of the company's stock.

Walt Disney Trading Down 0.9%

Shares of DIS traded down $1.00 during trading hours on Thursday, hitting $112.49. 8,487,018 shares of the stock traded hands, compared to its average volume of 10,036,758. The business has a fifty day moving average of $97.87 and a 200-day moving average of $105.75. The company has a current ratio of 0.68, a quick ratio of 0.62 and a debt-to-equity ratio of 0.36. The firm has a market capitalization of $202.22 billion, a PE ratio of 36.64, a price-to-earnings-growth ratio of 1.80 and a beta of 1.49. The Walt Disney Company has a 1-year low of $80.10 and a 1-year high of $118.63.

Walt Disney (NYSE:DIS - Get Free Report) last released its earnings results on Wednesday, May 7th. The entertainment giant reported $1.45 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.21 by $0.24. Walt Disney had a net margin of 6.07% and a return on equity of 9.95%. The company had revenue of $23.62 billion for the quarter, compared to the consensus estimate of $23.15 billion. During the same period in the prior year, the company posted $1.21 EPS. The company's revenue was up 7.0% compared to the same quarter last year. Analysts expect that The Walt Disney Company will post 5.47 EPS for the current year.

Insider Activity at Walt Disney

In other Walt Disney news, EVP Brent Woodford sold 1,000 shares of Walt Disney stock in a transaction on Tuesday, May 13th. The shares were sold at an average price of $110.84, for a total transaction of $110,840.00. Following the completion of the sale, the executive vice president now owns 46,831 shares of the company's stock, valued at approximately $5,190,748.04. The trade was a 2.09% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.16% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. Needham & Company LLC reaffirmed a "buy" rating and set a $125.00 price objective on shares of Walt Disney in a report on Thursday, May 8th. Morgan Stanley raised their target price on Walt Disney from $110.00 to $120.00 and gave the stock an "overweight" rating in a research report on Thursday, May 8th. Loop Capital upped their price target on Walt Disney from $120.00 to $125.00 and gave the company a "buy" rating in a research report on Thursday, May 8th. Barclays lifted their price objective on Walt Disney from $115.00 to $120.00 and gave the company an "overweight" rating in a report on Thursday, May 8th. Finally, Wolfe Research upgraded shares of Walt Disney from a "peer perform" rating to an "outperform" rating and set a $112.00 target price on the stock in a research note on Monday, April 21st. Six investment 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. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $123.75.

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.