The Walt Disney Company (NYSE:DIS) Shares Sold by Impax Asset Management Group plc

Impax Asset Management Group plc lowered its holdings in The Walt Disney Company (NYSE:DIS - Free Report) by 22.6% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 400,759 shares of the entertainment giant's stock after selling 116,702 shares during the quarter. Impax Asset Management Group plc's holdings in Walt Disney were worth $39,555,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the business. Brighton Jones LLC raised its holdings in Walt Disney by 7.7% in the fourth quarter. Brighton Jones LLC now owns 26,767 shares of the entertainment giant's stock worth $2,980,000 after purchasing an additional 1,904 shares in the last quarter. Victory Capital Management Inc. raised its stake in shares of Walt Disney by 12.0% during the 4th quarter. Victory Capital Management Inc. now owns 662,659 shares of the entertainment giant's stock worth $73,787,000 after acquiring an additional 71,141 shares in the last quarter. Cookson Peirce & Co. Inc. bought a new position in shares of Walt Disney during the 4th quarter worth approximately $293,000. Assetmark Inc. lifted its holdings in shares of Walt Disney by 330.0% during the 4th quarter. Assetmark Inc. now owns 139,247 shares of the entertainment giant's stock valued at $15,505,000 after purchasing an additional 106,862 shares during the last quarter. Finally, Proficio Capital Partners LLC boosted its position in shares of Walt Disney by 13.6% in the 4th quarter. Proficio Capital Partners LLC now owns 16,815 shares of the entertainment giant's stock worth $1,872,000 after purchasing an additional 2,016 shares in the last quarter. Institutional investors own 65.71% of the company's stock.

Analysts Set New Price Targets

DIS has been the subject of a number of recent analyst reports. Jefferies Financial Group raised Walt Disney from a "hold" rating to a "buy" rating and raised their price objective for the stock from $100.00 to $144.00 in a research report on Monday, June 30th. UBS Group increased their price target on Walt Disney from $105.00 to $120.00 and gave the company a "buy" rating in a research note on Thursday, May 8th. Wolfe Research raised shares of Walt Disney from a "peer perform" rating to an "outperform" rating and set a $112.00 price objective for the company in a research report on Monday, April 21st. Rosenblatt Securities raised their price target on shares of Walt Disney from $135.00 to $140.00 and gave the stock a "buy" rating in a report on Tuesday, June 3rd. Finally, Guggenheim raised 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. Five 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 company presently has a consensus rating of "Moderate Buy" and an average price target of $125.83.

Insider Activity

In related news, EVP Brent Woodford sold 1,000 shares of the business'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 directly owned 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 transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.16% of the stock is owned by insiders.

Walt Disney Price Performance

NYSE DIS traded down $1.25 on Tuesday, hitting $121.91. The company had a trading volume of 6,617,239 shares, compared to its average volume of 10,018,088. The company has a market capitalization of $219.16 billion, a PE ratio of 24.93, a PEG ratio of 1.81 and a beta of 1.56. The company's fifty day moving average price is $112.53 and its 200-day moving average price is $106.38. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.67 and a quick ratio of 0.61. The Walt Disney Company has a 12-month low of $80.10 and a 12-month high of $124.69.

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

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.