Hopwood Financial Services Inc. Sells 2,478 Shares of The Walt Disney Company (NYSE:DIS)

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. lowered its stake in shares of The Walt Disney Company (NYSE:DIS - Free Report) by 69.5% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,085 shares of the entertainment giant's stock after selling 2,478 shares during the period. Hopwood Financial Services Inc.'s holdings in Walt Disney were worth $107,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently made changes to their positions in DIS. MJT & Associates Financial Advisory Group Inc. bought a new stake in Walt Disney in the 1st quarter worth about $26,000. Mpwm Advisory Solutions LLC bought a new position in shares of Walt Disney during the 4th quarter valued at approximately $27,000. Kessler Investment Group LLC grew its position in shares of Walt Disney by 274.0% during the 1st quarter. Kessler Investment Group LLC now owns 273 shares of the entertainment giant's stock valued at $27,000 after acquiring an additional 200 shares during the period. Pilgrim Partners Asia Pte Ltd bought a new position in shares of Walt Disney during the 4th quarter valued at approximately $32,000. Finally, Copia Wealth Management bought a new position in shares of Walt Disney during the 4th quarter valued at approximately $36,000. Institutional investors and hedge funds own 65.71% of the company's stock.

Walt Disney Trading Down 2.1%

DIS stock traded down $2.54 during trading on Friday, hitting $116.57. The company had a trading volume of 8,509,376 shares, compared to its average volume of 6,590,457. The firm has a market capitalization of $209.56 billion, a P/E ratio of 23.84, a PEG ratio of 1.74 and a beta of 1.56. 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 $107.72. The company has a quick ratio of 0.61, a current ratio of 0.67 and a debt-to-equity ratio of 0.34.

Walt Disney (NYSE:DIS - Get Free Report) last posted 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 for the quarter, compared to the consensus estimate of $23.15 billion. Walt Disney had a net margin of 9.47% and a return on equity of 9.99%. The firm's revenue was up 7.0% compared to the same quarter last year. During the same quarter last year, the firm posted $1.21 EPS. As a group, research analysts forecast that The Walt Disney Company will post 5.47 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms recently commented on DIS. Needham & Company LLC reaffirmed a "buy" rating and issued a $125.00 price objective on shares of Walt Disney in a report on Thursday, May 8th. Wall Street Zen downgraded shares of Walt Disney from a "strong-buy" rating to a "buy" rating in a report on Sunday, July 20th. Rosenblatt Securities increased their target price on shares of Walt Disney from $135.00 to $140.00 and gave the stock a "buy" rating in a research note on Tuesday, June 3rd. Guggenheim increased their target price on shares of Walt Disney from $120.00 to $140.00 and gave the stock a "buy" rating in a research note on Friday, June 27th. Finally, JPMorgan Chase & Co. increased their target price on shares of Walt Disney from $130.00 to $138.00 and gave the stock an "overweight" rating in a research note on Tuesday. Five investment analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $128.70.

Insider Buying and Selling

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 transaction of $110,840.00. Following the transaction, the executive vice president owned 46,831 shares of the company's stock, valued at approximately $5,190,748.04. This trade represents a 2.09% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 0.16% of the company's stock.

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.