The Walt Disney Company (NYSE:DIS) Shares Sold by Hopwood Financial Services Inc.

Key Points

• Hopwood Financial Services Inc. reduced its holdings in The Walt Disney Company by 69.5%, selling 2,478 shares, leaving it with 1,085 shares valued at approximately $107,000.
• Several analysts have recently upgraded Disney's stock to a "buy" rating, with price targets increased to between $135.00 and $144.00, reflecting a positive market outlook.
• The Walt Disney Company reported earnings of $1.45 per share for the last quarter, surpassing expectations and reflecting a 7.0% increase in revenue year-over-year.

Hopwood Financial Services Inc. trimmed its position in The Walt Disney Company (NYSE:DIS - Free Report) by 69.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,085 shares of the entertainment giant's stock after selling 2,478 shares during the quarter. Hopwood Financial Services Inc.'s holdings in Walt Disney were worth $107,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in DIS. Northern Trust Corp increased its holdings in Walt Disney by 10.4% in the 4th quarter. Northern Trust Corp now owns 22,242,415 shares of the entertainment giant's stock valued at $2,476,693,000 after purchasing an additional 2,096,431 shares during the last quarter. Bank of New York Mellon Corp boosted its position in Walt Disney by 4.2% in the 1st quarter. Bank of New York Mellon Corp now owns 17,821,361 shares of the entertainment giant's stock valued at $1,758,968,000 after buying an additional 717,066 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of Walt Disney by 21.8% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 16,867,017 shares of the entertainment giant's stock worth $1,878,142,000 after acquiring an additional 3,016,339 shares during the period. Price T Rowe Associates Inc. MD increased its position in shares of Walt Disney by 1.8% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 11,136,276 shares of the entertainment giant's stock worth $1,240,025,000 after acquiring an additional 192,871 shares during the period. Finally, Dimensional Fund Advisors LP raised its stake in shares of Walt Disney by 2.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 7,523,946 shares of the entertainment giant's stock valued at $837,775,000 after acquiring an additional 163,845 shares in the last quarter. Hedge funds and other institutional investors own 65.71% of the company's stock.

Insider Activity at Walt Disney

In other Walt Disney news, EVP Brent Woodford sold 1,000 shares of the stock in a transaction 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 transaction, the executive vice president owned 46,831 shares of the company's stock, valued at $5,190,748.04. This represents a 2.09% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. 0.16% of the stock is currently owned by company insiders.

Walt Disney Price Performance

NYSE DIS traded up $2.32 during mid-day trading on Monday, hitting $118.91. The stock had a trading volume of 3,913,308 shares, compared to its average volume of 9,698,989. The company has a market cap of $213.77 billion, a price-to-earnings ratio of 24.32, a P/E/G ratio of 1.71 and a beta of 1.56. The company has a quick ratio of 0.61, a current ratio of 0.67 and a debt-to-equity ratio of 0.34. The Walt Disney Company has a 52-week low of $80.10 and a 52-week high of $124.69. The company has a 50 day simple moving average of $118.76 and a 200 day simple moving average of $107.73.

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

Analyst Ratings Changes

Several research firms recently commented on DIS. Evercore ISI boosted their target price on Walt Disney from $134.00 to $140.00 and gave the stock an "outperform" rating in a research note on Monday. Citigroup boosted their price objective on Walt Disney from $125.00 to $140.00 and gave the stock a "buy" rating in a research report on Wednesday, July 9th. Needham & Company LLC reaffirmed a "buy" rating and issued a $125.00 target price on shares of Walt Disney in a report on Thursday, May 8th. Guggenheim boosted their price target on shares of Walt Disney from $120.00 to $140.00 and gave the stock a "buy" rating in a report on Friday, June 27th. Finally, Morgan Stanley raised their price objective on shares of Walt Disney from $120.00 to $140.00 and gave the company an "overweight" rating in a report on Monday. Five analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Walt Disney presently has an average rating of "Moderate Buy" and a consensus price target of $129.83.

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.