Blue Trust Inc. lowered its position in The Walt Disney Company (NYSE:DIS - Free Report) by 19.9% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 10,984 shares of the entertainment giant's stock after selling 2,731 shares during the quarter. Blue Trust Inc.'s holdings in Walt Disney were worth $1,084,000 as of its most recent SEC filing.
A number of other institutional investors also recently added to or reduced their stakes in the company. CLG LLC grew its stake in shares of Walt Disney by 8.3% during the first quarter. CLG LLC now owns 3,283 shares of the entertainment giant's stock worth $324,000 after purchasing an additional 251 shares in the last quarter. Autumn Glory Partners LLC boosted its position in shares of Walt Disney by 1.9% during the 1st quarter. Autumn Glory Partners LLC now owns 34,209 shares of the entertainment giant's stock worth $3,173,000 after acquiring an additional 642 shares in the last quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors increased its holdings in shares of Walt Disney by 8.4% in the 1st quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 9,315 shares of the entertainment giant's stock valued at $914,000 after acquiring an additional 723 shares during the last quarter. Matthew Goff Investment Advisor LLC raised its position in shares of Walt Disney by 2.9% during the 1st quarter. Matthew Goff Investment Advisor LLC now owns 103,701 shares of the entertainment giant's stock worth $10,235,000 after acquiring an additional 2,949 shares in the last quarter. Finally, Plimoth Trust Co. LLC lifted its stake in Walt Disney by 11.6% during the first quarter. Plimoth Trust Co. LLC now owns 26,376 shares of the entertainment giant's stock worth $2,603,000 after purchasing an additional 2,734 shares during the last quarter. Hedge funds and other institutional investors own 65.71% of the company's stock.
Wall Street Analyst Weigh In
Several equities analysts have commented on the stock. Guggenheim dropped their price target on shares of Walt Disney from $130.00 to $120.00 and set a "buy" rating on the stock in a research note on Thursday, May 8th. Loop Capital upped their target price on shares of Walt Disney from $125.00 to $130.00 and gave the company a "buy" rating in a report on Tuesday, June 10th. Morgan Stanley increased their target price on shares of Walt Disney from $110.00 to $120.00 and gave the company an "overweight" rating in a research report on Thursday, May 8th. Barclays boosted their price target on shares of Walt Disney from $115.00 to $120.00 and gave the company an "overweight" rating in a research report on Thursday, May 8th. Finally, Rosenblatt Securities upped their price objective on shares of Walt Disney from $135.00 to $140.00 and gave the company a "buy" rating in a research note on Tuesday, June 3rd. Six equities research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $123.96.
Check Out Our Latest Report on DIS
Walt Disney Stock Performance
NYSE:DIS opened at $117.72 on Friday. The firm's fifty day simple moving average is $104.04 and its 200-day simple moving average is $105.87. The company has a quick ratio of 0.61, a current ratio of 0.67 and a debt-to-equity ratio of 0.34. The stock has a market cap of $211.64 billion, a PE ratio of 24.07, a price-to-earnings-growth ratio of 1.73 and a beta of 1.54. The Walt Disney Company has a fifty-two week low of $80.10 and a fifty-two week high of $120.50.
Walt Disney (NYSE:DIS - Get Free Report) last posted its earnings results on Wednesday, May 7th. The entertainment giant reported $1.45 EPS for the quarter, topping analysts' consensus estimates of $1.21 by $0.24. The company had revenue of $23.62 billion for the quarter, compared to the consensus estimate of $23.15 billion. Walt Disney had a return on equity of 9.99% and a net margin of 9.47%. Walt Disney's quarterly revenue was up 7.0% compared to the same quarter last year. During the same period in the previous year, the business earned $1.21 earnings per share. Analysts expect that The Walt Disney Company will post 5.47 earnings per share for the current fiscal year.
Insiders Place Their Bets
In other news, EVP Brent Woodford sold 1,000 shares of the stock in a transaction that occurred on Tuesday, May 13th. The shares were sold at an average price of $110.84, for a total value of $110,840.00. Following the sale, the executive vice president now directly owns 46,831 shares in the company, valued at $5,190,748.04. This represents a 2.09% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.16% of the stock is currently owned by company insiders.
Walt Disney Company Profile
(
Free Report)
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.
Featured Stories
Want to see what other hedge funds are holding DIS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Walt Disney Company (NYSE:DIS - Free Report).
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Walt Disney, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Walt Disney wasn't on the list.
While Walt Disney currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Today, we are inviting you to take a free peek at our proprietary, exclusive, and up-to-the-minute list of 20 stocks that Wall Street's top analysts hate.
Many of these appear to have good fundamentals and might seem like okay investments, but something is wrong. Analysts smell something seriously rotten about these companies. These are true "Strong Sell" stocks.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
