Country Club Bank Sells 14,541 Shares of The Walt Disney Company (NYSE:DIS)

Country Club Bank lowered its position in shares of The Walt Disney Company (NYSE:DIS - Free Report) by 11.1% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 117,007 shares of the entertainment giant's stock after selling 14,541 shares during the quarter. Country Club Bank's holdings in Walt Disney were worth $11,475,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the company. Brighton Jones LLC grew its position in Walt Disney by 7.7% in the fourth quarter. Brighton Jones LLC now owns 26,767 shares of the entertainment giant's stock valued at $2,980,000 after purchasing an additional 1,904 shares in the last quarter. Proficio Capital Partners LLC grew its position in Walt Disney by 13.6% in the fourth quarter. Proficio Capital Partners LLC now owns 16,815 shares of the entertainment giant's stock valued at $1,872,000 after purchasing an additional 2,016 shares in the last quarter. Sequoia Financial Advisors LLC grew its position in Walt Disney by 1.5% in the fourth quarter. Sequoia Financial Advisors LLC now owns 111,393 shares of the entertainment giant's stock valued at $12,404,000 after purchasing an additional 1,696 shares in the last quarter. Avantax Advisory Services Inc. grew its position in Walt Disney by 6.9% in the fourth quarter. Avantax Advisory Services Inc. now owns 130,881 shares of the entertainment giant's stock valued at $14,574,000 after purchasing an additional 8,450 shares in the last quarter. Finally, Tredje AP fonden bought a new position in Walt Disney in the fourth quarter valued at $28,951,000. Institutional investors and hedge funds own 65.71% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the stock. Jefferies Financial Group raised shares of Walt Disney from a "hold" rating to a "buy" rating and lifted their price objective for the company from $100.00 to $144.00 in a research report on Monday, June 30th. Citigroup lifted their price objective on shares of Walt Disney from $125.00 to $140.00 and gave the company a "buy" rating in a research report on Wednesday. Morgan Stanley lifted their price objective on shares of Walt Disney from $110.00 to $120.00 and gave the company an "overweight" rating in a research report on Thursday, May 8th. Guggenheim lifted their price objective on shares of Walt Disney from $120.00 to $140.00 and gave the company a "buy" rating in a research report on Friday, June 27th. Finally, UBS Group lifted their price objective on shares of Walt Disney from $105.00 to $120.00 and gave the company a "buy" rating in a research report on Thursday, May 8th. Five research analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $127.35.

Walt Disney Stock Performance

Walt Disney stock traded down $1.74 during midday trading on Friday, hitting $119.82. The company's stock had a trading volume of 6,107,624 shares, compared to its average volume of 10,007,504. 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 Walt Disney Company has a 1-year low of $80.10 and a 1-year high of $124.69. The company has a market cap of $215.41 billion, a price-to-earnings ratio of 24.50, a PEG ratio of 1.78 and a beta of 1.56. The company has a 50-day moving average price of $114.35 and a two-hundred day moving average price of $106.65.

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

Insider Buying and Selling

In other Walt Disney news, EVP Brent Woodford sold 1,000 shares of the firm's 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 transaction, the executive vice president directly owned 46,831 shares of the company's stock, valued at $5,190,748.04. This trade represents a 2.09% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.16% of the stock is currently owned by corporate insiders.

Walt Disney Company 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.