Boit C F David Sells 5,000 Shares of The Walt Disney Company (NYSE:DIS)

Boit C F David reduced its position in shares of The Walt Disney Company (NYSE:DIS - Free Report) by 92.6% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 400 shares of the entertainment giant's stock after selling 5,000 shares during the period. Boit C F David's holdings in Walt Disney were worth $39,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the company. Geode Capital Management LLC grew its position in shares of Walt Disney by 2.2% during the 4th quarter. Geode Capital Management LLC now owns 38,482,309 shares of the entertainment giant's stock valued at $4,272,590,000 after purchasing an additional 809,989 shares in the last quarter. Northern Trust Corp grew its position in Walt Disney by 10.4% in the fourth quarter. Northern Trust Corp now owns 22,242,415 shares of the entertainment giant's stock worth $2,476,693,000 after acquiring an additional 2,096,431 shares in the last quarter. Norges Bank purchased a new position in Walt Disney in the fourth quarter worth $2,415,427,000. Jennison Associates LLC grew its position 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 worth $2,137,637,000 after acquiring an additional 3,636,742 shares in the last quarter. Finally, Bank of New York Mellon Corp grew 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 acquiring an additional 2,300,912 shares in the last quarter. 65.71% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, EVP Brent Woodford sold 1,000 shares of the stock in a transaction dated Tuesday, May 13th. The shares were sold at an average price of $110.84, for a total value of $110,840.00. Following the completion of the transaction, the executive vice president now directly owns 46,831 shares of the company's stock, valued at $5,190,748.04. This represents a 2.09% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 0.16% of the company's stock.

Analysts Set New Price Targets

Several research analysts recently issued reports on DIS shares. Loop Capital upped their target price on shares of Walt Disney from $120.00 to $125.00 and gave the stock a "buy" rating in a research report on Thursday, May 8th. The Goldman Sachs Group upped their target price on shares of Walt Disney from $137.00 to $139.00 and gave the stock a "buy" rating in a research report on Tuesday, February 4th. Barclays upped their target price on shares of Walt Disney from $115.00 to $120.00 and gave the stock an "overweight" rating in a research report on Thursday, May 8th. Rosenblatt Securities reiterated a "buy" rating and issued a $135.00 target price on shares of Walt Disney in a research report on Monday, February 10th. Finally, Prescient Securities cut their target price on shares of Walt Disney from $130.00 to $115.00 and set a "neutral" rating for the company in a research report on Tuesday, February 4th. Six equities research analysts have rated the stock with a hold rating, seventeen have given a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $123.54.

Walt Disney Trading Up 0.9%

Shares of NYSE:DIS traded up $1.03 during midday trading on Friday, hitting $113.05. 12,878,557 shares of the stock traded hands, compared to its average volume of 10,048,260. The stock has a market capitalization of $203.24 billion, a PE ratio of 36.82, a P/E/G ratio of 1.80 and a beta of 1.49. The business's 50 day moving average is $97.05 and its two-hundred day moving average is $105.66. The company has a quick ratio of 0.62, a current ratio of 0.68 and a debt-to-equity ratio of 0.36. The Walt Disney Company has a one year low of $80.10 and a one year high of $118.63.

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