Cambridge Investment Research Advisors Inc. Sells 30,642 Shares of The Walt Disney Company (NYSE:DIS)

Cambridge Investment Research Advisors Inc. cut its stake in shares of The Walt Disney Company (NYSE:DIS - Free Report) by 9.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 309,732 shares of the entertainment giant's stock after selling 30,642 shares during the quarter. Cambridge Investment Research Advisors Inc.'s holdings in Walt Disney were worth $30,571,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. Mpwm Advisory Solutions LLC acquired a new stake in shares of Walt Disney in the fourth quarter worth $27,000. FPC Investment Advisory Inc. acquired a new stake in shares of Walt Disney in the fourth quarter worth $28,000. Tacita Capital Inc boosted its position in shares of Walt Disney by 93.2% in the fourth quarter. Tacita Capital Inc now owns 257 shares of the entertainment giant's stock worth $29,000 after buying an additional 124 shares during the period. Pilgrim Partners Asia Pte Ltd acquired a new stake in shares of Walt Disney in the fourth quarter worth $32,000. Finally, Midwest Capital Advisors LLC acquired a new stake in shares of Walt Disney in the fourth quarter worth $34,000. 65.71% of the stock is owned by institutional investors.

Analyst Ratings Changes

DIS has been the subject of several recent analyst reports. Loop Capital raised their target price on Walt Disney from $125.00 to $130.00 and gave the stock a "buy" rating in a research report on Tuesday, June 10th. Wolfe Research raised Walt Disney from a "peer perform" rating to an "outperform" rating and set a $112.00 target price for the company in a research report on Monday, April 21st. Barclays raised their target price on Walt Disney from $115.00 to $120.00 and gave the stock an "overweight" rating in a research report on Thursday, May 8th. UBS Group lifted their price objective on Walt Disney from $105.00 to $120.00 and gave the company a "buy" rating in a research report on Thursday, May 8th. Finally, Guggenheim reduced their price objective on Walt Disney from $130.00 to $120.00 and set a "buy" rating for the company in a research report on Thursday, May 8th. Six research analysts have rated the stock with a hold rating, seventeen have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $123.96.

Walt Disney Stock Up 0.1%

Shares of DIS traded up $0.13 during midday trading on Monday, hitting $117.76. The stock had a trading volume of 8,074,333 shares, compared to its average volume of 10,105,962. The company has a 50 day simple moving average of $105.35 and a two-hundred day simple moving average of $105.74. The Walt Disney Company has a twelve month low of $80.10 and a twelve month high of $120.50. The firm has a market cap of $211.70 billion, a price-to-earnings ratio of 24.08, a price-to-earnings-growth ratio of 1.72 and a beta of 1.54. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.67 and a quick ratio of 0.61.

Walt Disney (NYSE:DIS - Get Free Report) last released its quarterly earnings results on Wednesday, May 7th. The entertainment giant reported $1.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.21 by $0.24. Walt Disney had a return on equity of 9.99% and a net margin of 9.47%. The firm had revenue of $23.62 billion for the quarter, compared to the consensus estimate of $23.15 billion. During the same quarter last year, the business posted $1.21 EPS. The company's revenue for the quarter was up 7.0% on a year-over-year basis. On average, analysts anticipate that The Walt Disney Company will post 5.47 EPS for the current year.

Insider Buying and Selling at Walt Disney

In other news, EVP Brent Woodford sold 1,000 shares of the firm's stock in a transaction dated Tuesday, May 13th. The stock was 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 owns 46,831 shares in the company, valued at $5,190,748.04. This trade represents a 2.09% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.16% of the company's stock.

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.