The Walt Disney Company (NYSE:DIS) Shares Sold by Founders Capital Management LLC

Founders Capital Management LLC lowered its position in The Walt Disney Company (NYSE:DIS - Free Report) by 2.9% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 83,294 shares of the entertainment giant's stock after selling 2,495 shares during the quarter. Walt Disney accounts for approximately 1.5% of Founders Capital Management LLC's holdings, making the stock its 17th biggest holding. Founders Capital Management LLC's holdings in Walt Disney were worth $8,221,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Mpwm Advisory Solutions LLC acquired a new stake in Walt Disney during the 4th quarter valued at $27,000. FPC Investment Advisory Inc. purchased a new position in Walt Disney in the 4th quarter valued at about $28,000. Tacita Capital Inc boosted its stake in shares of Walt Disney by 93.2% during the 4th quarter. Tacita Capital Inc now owns 257 shares of the entertainment giant's stock worth $29,000 after purchasing an additional 124 shares during the last quarter. Pilgrim Partners Asia Pte Ltd purchased a new stake in shares of Walt Disney during the fourth quarter worth about $32,000. Finally, Midwest Capital Advisors LLC acquired a new position in shares of Walt Disney in the fourth quarter valued at approximately $34,000. 65.71% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Walt Disney

In other Walt Disney news, EVP Brent Woodford sold 1,000 shares of the firm's stock in a transaction dated 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 owns 46,831 shares of the company's stock, valued at $5,190,748.04. This trade represents a 2.09% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 0.16% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have commented on DIS. Barclays lifted their target price on shares of Walt Disney from $115.00 to $120.00 and gave the stock an "overweight" rating in a research note on Thursday, May 8th. Guggenheim lowered their price objective on Walt Disney from $130.00 to $120.00 and set a "buy" rating for the company in a research report on Thursday, May 8th. Rosenblatt Securities increased their target price on Walt Disney from $135.00 to $140.00 and gave the stock a "buy" rating in a research report on Tuesday, June 3rd. Morgan Stanley lifted their price target on Walt Disney from $110.00 to $120.00 and gave the company an "overweight" rating in a report on Thursday, May 8th. Finally, Wolfe Research upgraded shares of Walt Disney from a "peer perform" rating to an "outperform" rating and set a $112.00 price objective on the stock in a report on Monday, April 21st. Six equities research analysts have rated the stock with a hold rating, seventeen have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $123.96.

Walt Disney Stock Down 1.1%

NYSE DIS traded down $1.26 during mid-day trading on Thursday, reaching $118.26. 3,063,813 shares of the company's stock traded hands, compared to its average volume of 10,152,804. The company has a fifty day simple moving average of $100.15 and a 200-day simple moving average of $105.82. The Walt Disney Company has a 1-year low of $80.10 and a 1-year high of $120.50. The company has a market cap of $212.60 billion, a price-to-earnings ratio of 38.52, a P/E/G 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 results on Wednesday, May 7th. The entertainment giant reported $1.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.21 by $0.24. The firm had revenue of $23.62 billion for the quarter, compared to analysts' expectations of $23.15 billion. Walt Disney had a net margin of 6.07% and a return on equity of 9.95%. The firm's quarterly revenue was up 7.0% on a year-over-year basis. During the same period in the prior year, the company posted $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.

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.