Envestnet Asset Management Inc. Cuts Position in The Walt Disney Company (NYSE:DIS)

Envestnet Asset Management Inc. reduced its holdings in The Walt Disney Company (NYSE:DIS - Free Report) by 11.7% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,500,221 shares of the entertainment giant's stock after selling 462,995 shares during the period. Envestnet Asset Management Inc. owned about 0.19% of Walt Disney worth $345,472,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the business. Trek Financial LLC boosted its holdings in Walt Disney by 479.9% during the fourth quarter. Trek Financial LLC now owns 36,320 shares of the entertainment giant's stock worth $4,044,000 after buying an additional 30,057 shares in the last quarter. WoodTrust Financial Corp boosted its stake in shares of Walt Disney by 6.7% during the 1st quarter. WoodTrust Financial Corp now owns 96,158 shares of the entertainment giant's stock worth $9,491,000 after acquiring an additional 6,047 shares in the last quarter. Bank of Stockton boosted its stake in shares of Walt Disney by 4.4% during the 1st quarter. Bank of Stockton now owns 9,091 shares of the entertainment giant's stock worth $897,000 after acquiring an additional 383 shares in the last quarter. Rheos Capital Works Inc. boosted its stake in shares of Walt Disney by 164.7% during the 1st quarter. Rheos Capital Works Inc. now owns 395,400 shares of the entertainment giant's stock worth $39,026,000 after acquiring an additional 246,000 shares in the last quarter. Finally, Merit Financial Group LLC boosted its position in Walt Disney by 47.0% during the first quarter. Merit Financial Group LLC now owns 57,172 shares of the entertainment giant's stock worth $5,643,000 after purchasing an additional 18,272 shares in the last quarter. 65.71% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Walt Disney news, EVP Brent Woodford sold 1,000 shares of Walt Disney stock in a transaction 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 sale, the executive vice president owned 46,831 shares in the company, valued at $5,190,748.04. The trade was a 2.09% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.16% of the stock is owned by corporate insiders.

Walt Disney Trading Down 1.4%

Shares of NYSE DIS traded down $1.74 during trading on Friday, hitting $119.82. 6,107,624 shares of the company were exchanged, compared to its average volume of 10,007,504. 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 company has a fifty day moving average price of $114.90 and a 200-day moving average price of $106.70. The Walt Disney Company has a 12-month low of $80.10 and a 12-month high of $124.69. The firm has a market capitalization of $215.41 billion, a PE ratio of 24.50, a P/E/G ratio of 1.78 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 EPS for the quarter, topping analysts' consensus estimates of $1.21 by $0.24. The company 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%. Walt Disney's quarterly revenue was up 7.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.21 earnings per share. As a group, equities research analysts expect that The Walt Disney Company will post 5.47 EPS for the current year.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on DIS shares. Needham & Company LLC reiterated a "buy" rating and set a $125.00 target price on shares of Walt Disney in a research report on Thursday, May 8th. Rosenblatt Securities increased 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. Barclays increased their price objective on shares of Walt Disney from $120.00 to $140.00 and gave the company an "overweight" rating in a report on Wednesday. Citigroup increased their price objective on shares of Walt Disney from $125.00 to $140.00 and gave the company a "buy" rating in a report on Wednesday. Finally, Morgan Stanley raised their price target on shares of Walt Disney from $110.00 to $120.00 and gave the company an "overweight" rating in a research note on Thursday, May 8th. Five equities research analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $127.35.

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.