Fagan Associates Inc. Sells 2,655 Shares of The Walt Disney Company (NYSE:DIS)

Fagan Associates Inc. trimmed its stake in shares of The Walt Disney Company (NYSE:DIS - Free Report) by 6.8% in the first quarter, according to the company in its most recent filing with the SEC. The firm owned 36,309 shares of the entertainment giant's stock after selling 2,655 shares during the quarter. Fagan Associates Inc.'s holdings in Walt Disney were worth $3,584,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Mpwm Advisory Solutions LLC acquired a new stake in Walt Disney in the fourth quarter valued at about $27,000. Kessler Investment Group LLC raised its position in Walt Disney by 274.0% in the first quarter. Kessler Investment Group LLC now owns 273 shares of the entertainment giant's stock valued at $27,000 after purchasing an additional 200 shares during the last quarter. Pilgrim Partners Asia Pte Ltd bought a new position in Walt Disney in the fourth quarter valued at about $32,000. Copia Wealth Management bought a new position in Walt Disney in the fourth quarter valued at about $36,000. Finally, Vermillion Wealth Management Inc. bought a new position in Walt Disney in the fourth quarter valued at about $39,000. Institutional investors and hedge funds own 65.71% of the company's stock.

Walt Disney Price Performance

NYSE DIS traded down $0.21 during trading on Monday, reaching $121.21. The company's stock had a trading volume of 633,101 shares, compared to its average volume of 9,901,625. The stock has a market capitalization of $217.91 billion, a PE ratio of 24.79, a P/E/G ratio of 1.78 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 firm has a fifty day moving average of $117.00 and a 200 day moving average of $106.95. The Walt Disney Company has a one year low of $80.10 and a one year high of $124.69.

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

Wall Street Analysts Forecast Growth

Several research firms have commented on DIS. Wall Street Zen downgraded Walt Disney from a "strong-buy" rating to a "buy" rating in a research report on Sunday. Rosenblatt Securities raised their price objective on Walt Disney from $135.00 to $140.00 and gave the stock a "buy" rating in a research report on Tuesday, June 3rd. UBS Group raised their target price on Walt Disney from $120.00 to $138.00 and gave the stock a "buy" rating in a research note on Wednesday, July 16th. Needham & Company LLC reissued a "buy" rating and issued a $125.00 price objective on shares of Walt Disney in a research note on Thursday, May 8th. Finally, Guggenheim raised their price objective on Walt Disney from $120.00 to $140.00 and gave the company a "buy" rating in a research note on Friday, June 27th. Five analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $128.13.

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 stock was sold at an average price of $110.84, for a total transaction of $110,840.00. Following the transaction, the executive vice president directly owned 46,831 shares in the company, valued at approximately $5,190,748.04. This represents a 2.09% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.16% of the company's stock.

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.

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