Choreo LLC Sells 13,036 Shares of The Walt Disney Company (NYSE:DIS)

Choreo LLC trimmed its holdings in shares of The Walt Disney Company (NYSE:DIS - Free Report) by 11.7% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 98,313 shares of the entertainment giant's stock after selling 13,036 shares during the quarter. Choreo LLC's holdings in Walt Disney were worth $9,704,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. Mpwm Advisory Solutions LLC acquired a new stake in Walt Disney during the fourth quarter worth about $27,000. Kessler Investment Group LLC grew its stake in Walt Disney by 274.0% during the first quarter. Kessler Investment Group LLC now owns 273 shares of the entertainment giant's stock worth $27,000 after buying an additional 200 shares in the last quarter. Pilgrim Partners Asia Pte Ltd acquired a new stake in Walt Disney during the fourth quarter worth about $32,000. Copia Wealth Management acquired a new stake in Walt Disney during the fourth quarter worth about $36,000. Finally, Vermillion Wealth Management Inc. acquired a new stake in Walt Disney during the fourth quarter worth about $39,000. 65.71% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on DIS. Jefferies Financial Group upgraded shares of Walt Disney from a "hold" rating to a "buy" rating and raised their price target for the company from $100.00 to $144.00 in a research note on Monday, June 30th. Rosenblatt Securities raised their price target on shares of Walt Disney from $135.00 to $140.00 and gave the company a "buy" rating in a research note on Tuesday, June 3rd. Loop Capital raised their price target on shares of Walt Disney from $125.00 to $130.00 and gave the company a "buy" rating in a research note on Tuesday, June 10th. Citigroup raised their price target on shares of Walt Disney from $125.00 to $140.00 and gave the company a "buy" rating in a research note on Wednesday, July 9th. Finally, Needham & Company LLC restated a "buy" rating and issued a $125.00 price target on shares of Walt Disney in a research note on Thursday, May 8th. Five analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $128.13.

Walt Disney Stock Up 0.4%

DIS traded up $0.52 during trading on Tuesday, hitting $121.36. 813,905 shares of the company's stock were exchanged, compared to its average volume of 9,958,068. The company has a quick ratio of 0.61, a current ratio of 0.67 and a debt-to-equity ratio of 0.34. The business's 50 day moving average is $117.00 and its two-hundred day moving average is $106.95. The Walt Disney Company has a fifty-two week low of $80.10 and a fifty-two week high of $124.69. The stock has a market cap of $218.18 billion, a P/E ratio of 24.79, a PEG ratio of 1.78 and a beta of 1.56.

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

Insider Activity at Walt Disney

In other 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 sale, the executive vice president owned 46,831 shares in the company, valued at $5,190,748.04. This represents a 2.09% decrease in their ownership of the stock. 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 corporate insiders.

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.

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