Chapman Investment Management LLC Cuts Stake in The Walt Disney Company (NYSE:DIS)

Chapman Investment Management LLC lessened its stake in The Walt Disney Company (NYSE:DIS - Free Report) by 35.0% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 14,965 shares of the entertainment giant's stock after selling 8,054 shares during the quarter. Walt Disney accounts for about 1.1% of Chapman Investment Management LLC's holdings, making the stock its 20th biggest position. Chapman Investment Management LLC's holdings in Walt Disney were worth $1,477,000 as of its most recent filing with the SEC.

Other large investors have also recently added to or reduced their stakes in the company. Mpwm Advisory Solutions LLC bought a new stake in shares of Walt Disney during the 4th quarter worth $27,000. Kessler Investment Group LLC boosted its holdings in Walt Disney by 274.0% in the 1st quarter. Kessler Investment Group LLC now owns 273 shares of the entertainment giant's stock valued at $27,000 after purchasing an additional 200 shares during the period. Pilgrim Partners Asia Pte Ltd bought a new stake in Walt Disney in the 4th quarter valued at $32,000. Copia Wealth Management bought a new stake in Walt Disney in the 4th quarter valued at $36,000. Finally, Vermillion Wealth Management Inc. bought a new position in shares of Walt Disney during the 4th quarter worth about $39,000. Institutional investors and hedge funds own 65.71% of the company's stock.

Insider Activity at Walt Disney

In other Walt Disney news, EVP Brent Woodford sold 1,000 shares of the company'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 value of $110,840.00. Following the completion of the sale, the executive vice president owned 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.16% of the company's stock.

Walt Disney Stock Performance

Shares of NYSE DIS traded down $1.74 during mid-day trading on Friday, reaching $119.82. 6,107,624 shares of the company's stock were exchanged, compared to its average volume of 10,021,690. The firm has a market capitalization of $215.41 billion, a price-to-earnings ratio of 24.50, a price-to-earnings-growth ratio of 1.75 and a beta of 1.56. The Walt Disney Company has a 52 week low of $80.10 and a 52 week high of $124.69. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.67 and a quick ratio of 0.61. The firm has a 50-day moving average price of $114.90 and a two-hundred day moving average price of $106.66.

Walt Disney (NYSE:DIS - Get Free Report) last announced its quarterly earnings data 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 return on equity of 9.99% and a net margin of 9.47%. The business 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 business posted $1.21 EPS. The firm's quarterly revenue was up 7.0% compared to the same quarter last year. Analysts predict that The Walt Disney Company will post 5.47 EPS for the current year.

Analyst Ratings Changes

A number of brokerages recently issued reports on DIS. Guggenheim increased their target price on shares of Walt Disney from $120.00 to $140.00 and gave the stock a "buy" rating in a research report on Friday, June 27th. Rosenblatt Securities raised their price objective on shares of Walt Disney from $135.00 to $140.00 and gave the company a "buy" rating in a research report on Tuesday, June 3rd. Loop Capital raised their price objective on shares of Walt Disney from $125.00 to $130.00 and gave the company a "buy" rating in a research report on Tuesday, June 10th. Needham & Company LLC reaffirmed a "buy" rating and issued a $125.00 target price on shares of Walt Disney in a research note on Thursday, May 8th. Finally, Barclays raised their target price on shares of Walt Disney from $120.00 to $140.00 and gave the company an "overweight" rating in a research note on Wednesday. Five analysts have rated the stock with a hold rating, eighteen have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, Walt Disney presently has a consensus rating of "Moderate Buy" and a consensus target price of $127.35.

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.