The Walt Disney Company (NYSE:DIS) Shares Sold by Franklin Street Advisors Inc. NC

Franklin Street Advisors Inc. NC reduced its stake in The Walt Disney Company (NYSE:DIS - Free Report) by 4.8% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 219,588 shares of the entertainment giant's stock after selling 11,056 shares during the period. Walt Disney makes up 1.5% of Franklin Street Advisors Inc. NC's portfolio, making the stock its 24th largest holding. Franklin Street Advisors Inc. NC's holdings in Walt Disney were worth $21,673,000 as of its most recent filing with the SEC.

Several other hedge funds have also bought and sold shares of the stock. Brighton Jones LLC grew its stake in shares of Walt Disney by 7.7% during the fourth quarter. Brighton Jones LLC now owns 26,767 shares of the entertainment giant's stock valued at $2,980,000 after buying an additional 1,904 shares during the last quarter. Savant Capital LLC raised its holdings in shares of Walt Disney by 5.1% in the 4th quarter. Savant Capital LLC now owns 65,140 shares of the entertainment giant's stock valued at $7,253,000 after purchasing an additional 3,186 shares in the last quarter. Ferguson Wellman Capital Management Inc. lifted its holdings in Walt Disney by 1.6% during the fourth quarter. Ferguson Wellman Capital Management Inc. now owns 16,383 shares of the entertainment giant's stock worth $1,824,000 after buying an additional 255 shares during the period. Soltis Investment Advisors LLC lifted its stake in shares of Walt Disney by 3.6% during the 4th quarter. Soltis Investment Advisors LLC now owns 6,600 shares of the entertainment giant's stock worth $735,000 after purchasing an additional 229 shares during the last quarter. Finally, Equitable Trust Co. boosted its holdings in shares of Walt Disney by 16.8% in the 4th quarter. Equitable Trust Co. now owns 10,483 shares of the entertainment giant's stock valued at $1,167,000 after buying an additional 1,511 shares in the last quarter. Hedge funds and other institutional investors own 65.71% of the company's stock.

Insider Buying and Selling

In related news, EVP Brent Woodford sold 1,000 shares of the business's stock in a transaction that occurred on Tuesday, May 13th. The stock was sold at an average price of $110.84, for a total transaction of $110,840.00. Following the completion of the sale, the executive vice president now directly owns 46,831 shares in the company, valued at approximately $5,190,748.04. The trade was a 2.09% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.16% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the company. UBS Group raised their price target on Walt Disney from $105.00 to $120.00 and gave the stock a "buy" rating in a report on Thursday, May 8th. Wolfe Research upgraded Walt Disney from a "peer perform" rating to an "outperform" rating and set a $112.00 target price on the stock in a research report on Monday, April 21st. Needham & Company LLC reissued a "buy" rating and set a $125.00 price target on shares of Walt Disney in a research report on Thursday, May 8th. Rosenblatt Securities lifted their price objective on shares of Walt Disney from $135.00 to $140.00 and gave the company a "buy" rating in a research note on Tuesday, June 3rd. Finally, Morgan Stanley increased their price objective on shares of Walt Disney from $110.00 to $120.00 and gave the stock an "overweight" rating in a research note 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. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $123.96.

Walt Disney Price Performance

Shares of Walt Disney stock traded down $0.76 on Friday, reaching $117.85. The company's stock had a trading volume of 13,143,189 shares, compared to its average volume of 10,082,313. The company has a quick ratio of 0.62, a current ratio of 0.68 and a debt-to-equity ratio of 0.36. The company has a market capitalization of $211.86 billion, a P/E ratio of 38.39, a PEG ratio of 1.80 and a beta of 1.54. The stock has a 50-day moving average price of $100.85 and a 200-day moving average price of $105.90. The Walt Disney Company has a 52-week low of $80.10 and a 52-week high of $120.50.

Walt Disney (NYSE:DIS - Get Free Report) last issued its quarterly earnings results on Wednesday, May 7th. The entertainment giant reported $1.45 EPS for the quarter, topping the consensus estimate of $1.21 by $0.24. The company had revenue of $23.62 billion during the quarter, compared to analyst estimates of $23.15 billion. Walt Disney had a net margin of 6.07% and a return on equity of 9.95%. The firm's revenue was up 7.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.21 EPS. Analysts expect that The Walt Disney Company will post 5.47 EPS for the current year.

About Walt Disney

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.