Crestwood Advisors Group LLC Reduces Position in The Walt Disney Company (NYSE:DIS)

Crestwood Advisors Group LLC cut its stake in The Walt Disney Company (NYSE:DIS - Free Report) by 36.2% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 74,743 shares of the entertainment giant's stock after selling 42,443 shares during the period. Crestwood Advisors Group LLC's holdings in Walt Disney were worth $7,377,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Mpwm Advisory Solutions LLC purchased a new stake in Walt Disney during the fourth quarter valued at about $27,000. Kessler Investment Group LLC boosted its position in Walt Disney by 274.0% during the first quarter. Kessler Investment Group LLC now owns 273 shares of the entertainment giant's stock valued at $27,000 after buying an additional 200 shares during the period. Pilgrim Partners Asia Pte Ltd purchased a new stake in Walt Disney during the fourth quarter valued at about $32,000. Copia Wealth Management purchased a new stake in Walt Disney during the fourth quarter valued at about $36,000. Finally, Vermillion Wealth Management Inc. purchased a new stake in Walt Disney during the fourth quarter valued at about $39,000. 65.71% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. Needham & Company LLC reiterated a "buy" rating and set a $125.00 target price on shares of Walt Disney in a report on Thursday, May 8th. Wolfe Research upgraded shares of Walt Disney from a "peer perform" rating to an "outperform" rating and set a $112.00 target price for the company in a report on Monday, April 21st. Wall Street Zen lowered shares of Walt Disney from a "strong-buy" rating to a "buy" rating in a report on Sunday. Loop Capital increased their price target on shares of Walt Disney from $125.00 to $130.00 and gave the stock a "buy" rating in a research note on Tuesday, June 10th. Finally, UBS Group increased their price target on shares of Walt Disney from $120.00 to $138.00 and gave the stock a "buy" rating in a research note on Wednesday, July 16th. Five research analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has 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 $128.13.

Insider Transactions at Walt Disney

In related news, EVP Brent Woodford sold 1,000 shares of the firm's 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 sale, the executive vice president owned 46,831 shares in the company, valued at approximately $5,190,748.04. This trade represents a 2.09% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.16% of the company's stock.

Walt Disney Stock Down 0.4%

Shares of NYSE:DIS traded down $0.54 during trading on Thursday, reaching $122.40. 4,596,746 shares of the stock traded hands, compared to its average volume of 9,862,106. The stock has a 50-day moving average of $117.61 and a two-hundred day moving average of $107.22. 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 quick ratio of 0.61 and a current ratio of 0.67. The stock has a market cap of $220.05 billion, a P/E ratio of 25.04, a price-to-earnings-growth ratio of 1.77 and a beta of 1.56.

Walt Disney (NYSE:DIS - Get Free Report) last issued its earnings results 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 net margin of 9.47% and a return on equity of 9.99%. The company had revenue of $23.62 billion for the quarter, compared to analysts' expectations of $23.15 billion. During the same quarter last year, the company posted $1.21 earnings per share. The firm's quarterly revenue was up 7.0% on a year-over-year basis. As a group, sell-side analysts expect that The Walt Disney Company will post 5.47 earnings per share for the current fiscal year.

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.