The Walt Disney Company (NYSE:DIS) Shares Sold by Davis R M Inc.

Key Points

• Davis R M Inc. decreased its stock position in The Walt Disney Company by 1.2%, owning 216,863 shares worth approximately $21.4 million after selling 2,709 shares.
• Wall Street analysts are optimistic about Disney's growth, with multiple firms raising their price targets; the average target price is currently $128.70 and the consensus rating is "Moderate Buy."
• Walt Disney reported a quarterly EPS of $1.45, exceeding estimates, with a revenue increase of 7.0% year over year, indicating robust performance in their latest earnings report.

Davis R M Inc. decreased its position in shares of The Walt Disney Company (NYSE:DIS - Free Report) by 1.2% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 216,863 shares of the entertainment giant's stock after selling 2,709 shares during the quarter. Davis R M Inc.'s holdings in Walt Disney were worth $21,404,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Brighton Jones LLC raised its holdings in Walt Disney by 7.7% in the 4th quarter. Brighton Jones LLC now owns 26,767 shares of the entertainment giant's stock valued at $2,980,000 after buying an additional 1,904 shares during the period. StoneX Group Inc. purchased a new stake in Walt Disney in the 4th quarter valued at about $1,266,000. Headlands Technologies LLC purchased a new stake in Walt Disney in the 4th quarter valued at about $124,000. May Hill Capital LLC purchased a new stake in Walt Disney in the 4th quarter valued at about $233,000. Finally, Meeder Advisory Services Inc. raised its holdings in Walt Disney by 3.7% in the 4th quarter. Meeder Advisory Services Inc. now owns 24,472 shares of the entertainment giant's stock valued at $2,725,000 after buying an additional 870 shares during the period. Institutional investors and hedge funds own 65.71% of the company's stock.

Analyst Ratings Changes

Several brokerages recently issued reports on DIS. Rosenblatt Securities boosted their price objective on shares of Walt Disney from $135.00 to $140.00 and gave the company a "buy" rating in a report on Tuesday, June 3rd. Needham & Company LLC restated a "buy" rating and issued a $125.00 price objective on shares of Walt Disney in a report on Thursday, May 8th. JPMorgan Chase & Co. boosted their price objective on shares of Walt Disney from $130.00 to $138.00 and gave the company an "overweight" rating in a report on Tuesday. UBS Group boosted 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. Finally, Jefferies Financial Group upgraded shares of Walt Disney from a "hold" rating to a "buy" rating and boosted their price target for the stock from $100.00 to $144.00 in a research note on Monday, June 30th. Five equities research analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $128.70.

Insider Transactions at Walt Disney

In other news, EVP Brent Woodford sold 1,000 shares of the 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 directly owned 46,831 shares of the company's stock, valued at approximately $5,190,748.04. This represents a 2.09% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.16% of the stock is owned by company insiders.

Walt Disney Stock Down 2.1%

Shares of Walt Disney stock traded down $2.54 on Friday, reaching $116.57. 8,509,376 shares of the company were exchanged, compared to its average volume of 6,590,457. 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 $209.56 billion, a P/E ratio of 23.84, a price-to-earnings-growth ratio of 1.74 and a beta of 1.56. 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 stock's 50 day moving average price is $118.62 and its 200-day moving average price is $107.66.

Walt Disney (NYSE:DIS - Get Free Report) last announced its quarterly earnings results 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. The firm had revenue of $23.62 billion during the quarter, compared to the consensus estimate of $23.15 billion. Walt Disney had a return on equity of 9.99% and a net margin of 9.47%. The firm's quarterly revenue was up 7.0% compared to the same quarter last year. During the same period in the prior year, the company posted $1.21 earnings per share. As a group, equities analysts forecast that The Walt Disney Company will post 5.47 EPS 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.