The Walt Disney Company (NYSE:DIS) Shares Sold by Centerstone Investors LLC

Centerstone Investors LLC trimmed its position in The Walt Disney Company (NYSE:DIS - Free Report) by 28.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 17,548 shares of the entertainment giant's stock after selling 6,840 shares during the period. Walt Disney makes up approximately 2.9% of Centerstone Investors LLC's holdings, making the stock its 12th biggest holding. Centerstone Investors LLC's holdings in Walt Disney were worth $1,954,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Norges Bank acquired a new stake in shares of Walt Disney during the fourth quarter worth $2,415,427,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main lifted its stake in shares of Walt Disney by 1,900.0% during the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 5,735,961 shares of the entertainment giant's stock worth $638,699,000 after buying an additional 5,449,158 shares during the period. Arrowstreet Capital Limited Partnership lifted its stake in shares of Walt Disney by 75.8% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 10,858,108 shares of the entertainment giant's stock worth $1,209,050,000 after buying an additional 4,680,930 shares during the period. Jennison Associates LLC lifted its stake in shares of Walt Disney by 23.4% during the fourth quarter. Jennison Associates LLC now owns 19,197,463 shares of the entertainment giant's stock worth $2,137,637,000 after buying an additional 3,636,742 shares during the period. Finally, Raymond James Financial Inc. acquired a new stake in shares of Walt Disney during the fourth quarter worth $358,151,000. 65.71% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts recently issued reports on the stock. Prescient Securities reduced their target price on shares of Walt Disney from $130.00 to $115.00 and set a "neutral" rating for the company in a report on Tuesday, February 4th. Rosenblatt Securities reissued a "buy" rating and set a $135.00 target price on shares of Walt Disney in a report on Monday, February 10th. UBS Group raised their target price on shares of Walt Disney from $105.00 to $120.00 and gave the stock a "buy" rating in a report on Thursday, May 8th. Loop Capital raised their target price on shares of Walt Disney from $120.00 to $125.00 and gave the stock a "buy" rating in a report on Thursday, May 8th. Finally, Barclays raised their target price on shares of Walt Disney from $115.00 to $120.00 and gave the stock an "overweight" rating in a report on Thursday, May 8th. Six 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. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $123.54.

Insider Buying and Selling

In other news, EVP Brent Woodford sold 1,000 shares of the business's stock in a transaction that occurred on Tuesday, May 13th. The stock was sold at an average price of $110.84, for a total transaction of $110,840.00. Following the transaction, the executive vice president now directly owns 46,831 shares in the company, valued at $5,190,748.04. The trade was a 2.09% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.16% of the stock is currently owned by insiders.

Walt Disney Price Performance

DIS stock traded down $1.40 during trading on Friday, hitting $109.73. The stock had a trading volume of 8,084,016 shares, compared to its average volume of 10,042,698. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.68 and a quick ratio of 0.62. The Walt Disney Company has a twelve month low of $80.10 and a twelve month high of $118.63. The stock has a market capitalization of $197.27 billion, a P/E ratio of 35.74, a PEG ratio of 1.80 and a beta of 1.49. The company's 50-day moving average price is $95.89 and its two-hundred day moving average price is $105.25.

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

Walt Disney Profile

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.