The Walt Disney Company (NYSE:DIS) Shares Sold by Fifth Third Bancorp

Fifth Third Bancorp lowered its stake in shares of The Walt Disney Company (NYSE:DIS - Free Report) by 3.7% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 686,374 shares of the entertainment giant's stock after selling 26,244 shares during the period. Fifth Third Bancorp's holdings in Walt Disney were worth $67,745,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Brighton Jones LLC raised 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 during the period. Stonebridge Financial Group LLC purchased a new stake in Walt Disney in the fourth quarter valued at $77,000. Sovran Advisors LLC purchased a new stake in Walt Disney in the fourth quarter valued at $743,000. Quent Capital LLC raised its holdings in shares of Walt Disney by 2.7% in the 4th quarter. Quent Capital LLC now owns 7,150 shares of the entertainment giant's stock valued at $796,000 after buying an additional 187 shares during the period. Finally, Montz Harcus Wealth Management LLC purchased a new stake in shares of Walt Disney in the 4th quarter valued at $227,000. Institutional investors and hedge funds own 65.71% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on DIS shares. Morgan Stanley boosted their price objective on Walt Disney from $110.00 to $120.00 and gave the company an "overweight" rating in a report on Thursday, May 8th. Rosenblatt Securities boosted their price objective on Walt Disney from $135.00 to $140.00 and gave the company a "buy" rating in a report on Tuesday, June 3rd. Barclays lifted their price objective on Walt Disney from $115.00 to $120.00 and gave the company an "overweight" rating in a research note on Thursday, May 8th. Loop Capital upped their target price on shares of Walt Disney from $125.00 to $130.00 and gave the stock a "buy" rating in a research note on Tuesday. Finally, Needham & Company LLC reiterated a "buy" rating and set a $125.00 price target on shares of Walt Disney in a report on Thursday, May 8th. Six research analysts have rated the stock with a hold rating, seventeen have given a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $123.96.

Insider Activity at Walt Disney

In related news, EVP Brent Woodford sold 1,000 shares of Walt Disney stock in a transaction 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 transaction, the executive vice president now directly owns 46,831 shares in the company, 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 SEC, which is available at the SEC website. 0.16% of the stock is currently owned by insiders.

Walt Disney Stock Performance

Shares of NYSE DIS traded down $1.02 during trading hours on Thursday, reaching $118.50. The stock had a trading volume of 7,915,404 shares, compared to its average volume of 10,069,840. The firm has a 50-day moving average of $100.15 and a 200-day moving average of $105.82. The Walt Disney Company has a fifty-two week low of $80.10 and a fifty-two week high of $120.50. The firm has a market cap of $213.03 billion, a price-to-earnings ratio of 38.60, a PEG ratio of 1.80 and a beta of 1.54. The company has a current ratio of 0.68, a quick ratio of 0.62 and a debt-to-equity ratio of 0.36.

Walt Disney (NYSE:DIS - Get Free Report) last posted its quarterly earnings data on Wednesday, May 7th. The entertainment giant reported $1.45 earnings per share for the quarter, beating analysts' consensus estimates of $1.21 by $0.24. Walt Disney had a net margin of 6.07% and a return on equity of 9.95%. 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 posted $1.21 EPS. Walt Disney's quarterly revenue was up 7.0% on a year-over-year basis. Equities research analysts predict that The Walt Disney Company will post 5.47 earnings per share for the current 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.