Focused Investors LLC Reduces Holdings in The Walt Disney Company (NYSE:DIS)

Focused Investors LLC lowered its stake in shares of The Walt Disney Company (NYSE:DIS - Free Report) by 2.6% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,190,850 shares of the entertainment giant's stock after selling 32,100 shares during the period. Walt Disney comprises 3.8% of Focused Investors LLC's investment portfolio, making the stock its 12th biggest position. Focused Investors LLC owned about 0.07% of Walt Disney worth $117,537,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Mpwm Advisory Solutions LLC acquired a new position in Walt Disney during the fourth quarter worth 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 worth $27,000 after acquiring an additional 200 shares during the last quarter. Pilgrim Partners Asia Pte Ltd acquired a new position in Walt Disney during the fourth quarter worth about $32,000. Copia Wealth Management acquired a new position in Walt Disney during the fourth quarter worth about $36,000. Finally, Vermillion Wealth Management Inc. acquired a new position in Walt Disney during the fourth quarter worth about $39,000. Hedge funds and other institutional investors own 65.71% of the company's stock.

Walt Disney Stock Down 0.9%

Shares of NYSE:DIS traded down $1.02 during trading hours on Tuesday, reaching $118.95. The stock had a trading volume of 2,560,391 shares, compared to its average volume of 9,956,900. The Walt Disney Company has a 1 year low of $80.10 and a 1 year high of $124.69. The firm's 50 day moving average is $115.46 and its 200-day moving average is $106.68. 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 capitalization of $213.84 billion, a price-to-earnings ratio of 24.32, a P/E/G ratio of 1.75 and a beta of 1.56.

Walt Disney (NYSE:DIS - Get Free Report) last announced its quarterly earnings data on Wednesday, May 7th. The entertainment giant reported $1.45 EPS for the quarter, beating analysts' consensus estimates 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 the consensus estimate of $23.15 billion. During the same period in the prior year, the firm posted $1.21 EPS. The company's quarterly revenue was up 7.0% compared to the same quarter last year. Research analysts predict that The Walt Disney Company will post 5.47 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on DIS. Wolfe Research upgraded shares of Walt Disney from a "peer perform" rating to an "outperform" rating and set a $112.00 price target on the stock in a research report on Monday, April 21st. Wall Street Zen upgraded shares of Walt Disney from a "buy" rating to a "strong-buy" rating in a report on Saturday. Barclays increased their price target on shares of Walt Disney from $120.00 to $140.00 and gave the company an "overweight" rating in a research note on Wednesday, July 9th. Needham & Company LLC reissued a "buy" rating and issued a $125.00 price target on shares of Walt Disney in a research note on Thursday, May 8th. Finally, Loop Capital increased their price target on shares of Walt Disney from $125.00 to $130.00 and gave the company a "buy" rating in a research note on Tuesday, June 10th. Five equities research analysts have rated the stock with a hold rating, eighteen have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, Walt Disney currently has a consensus rating of "Moderate Buy" and a consensus price target of $127.35.

Insider Activity at Walt Disney

In related news, EVP Brent Woodford sold 1,000 shares of the 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 directly owned 46,831 shares of the company's stock, 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 accessible through the SEC website. 0.16% of the stock is owned by company insiders.

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.