Chevy Chase Trust Holdings LLC Sells 16,499 Shares of The Walt Disney Company (NYSE:DIS)

Chevy Chase Trust Holdings LLC trimmed its position in shares of The Walt Disney Company (NYSE:DIS - Free Report) by 1.1% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,505,025 shares of the entertainment giant's stock after selling 16,499 shares during the period. Chevy Chase Trust Holdings LLC owned approximately 0.08% of Walt Disney worth $148,546,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Trek Financial LLC raised its stake in Walt Disney by 479.9% during the fourth quarter. Trek Financial LLC now owns 36,320 shares of the entertainment giant's stock valued at $4,044,000 after buying an additional 30,057 shares in the last quarter. FourThought Financial Partners LLC acquired a new stake in shares of Walt Disney in the 4th quarter worth about $446,000. Rheos Capital Works Inc. lifted its position in Walt Disney by 164.7% in the 1st quarter. Rheos Capital Works Inc. now owns 395,400 shares of the entertainment giant's stock valued at $39,026,000 after purchasing an additional 246,000 shares during the last quarter. Merit Financial Group LLC boosted its position in Walt Disney by 47.0% during the 1st quarter. Merit Financial Group LLC now owns 57,172 shares of the entertainment giant's stock worth $5,643,000 after acquiring an additional 18,272 shares during the period. Finally, Farther Finance Advisors LLC lifted its stake in shares of Walt Disney by 5.1% in the 1st quarter. Farther Finance Advisors LLC now owns 64,619 shares of the entertainment giant's stock worth $6,312,000 after acquiring an additional 3,116 shares during the period. 65.71% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

DIS has been the topic of several recent analyst reports. Rosenblatt Securities boosted their target price on Walt Disney from $135.00 to $140.00 and gave the stock a "buy" rating in a report on Tuesday, June 3rd. Needham & Company LLC reissued a "buy" rating and issued a $125.00 price objective on shares of Walt Disney in a research note on Thursday, May 8th. Wolfe Research upgraded Walt Disney from a "peer perform" rating to an "outperform" rating and set a $112.00 price objective for the company in a report on Monday, April 21st. Morgan Stanley lifted their target price on Walt Disney from $110.00 to $120.00 and gave the stock an "overweight" rating in a report on Thursday, May 8th. Finally, Barclays upped their price target on shares of Walt Disney from $115.00 to $120.00 and gave the company an "overweight" rating in a report on Thursday, May 8th. Six investment analysts have rated the stock with a hold rating, seventeen have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, Walt Disney has an average rating of "Moderate Buy" and a consensus price target of $123.96.

Insider Activity at Walt Disney

In other news, EVP Brent Woodford sold 1,000 shares of Walt Disney 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 transaction, the executive vice president now owns 46,831 shares of the company's stock, valued at $5,190,748.04. This trade represents a 2.09% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.16% of the company's stock.

Walt Disney Stock Up 0.9%

Walt Disney stock traded up $1.06 during mid-day trading on Tuesday, hitting $118.81. The company's stock had a trading volume of 8,346,191 shares, compared to its average volume of 10,098,949. 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 company has a market cap of $213.59 billion, a PE ratio of 24.30, a price-to-earnings-growth ratio of 1.72 and a beta of 1.54. The firm's 50 day moving average is $105.35 and its 200 day moving average is $105.74. The Walt Disney Company has a 52-week low of $80.10 and a 52-week high of $120.50.

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