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

Impax Asset Management Group plc decreased its position in The Walt Disney Company (NYSE:DIS - Free Report) by 22.6% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund 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 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in DIS. Norges Bank acquired a new position in Walt Disney in the 4th quarter valued at about $2,415,427,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main increased its stake in shares of Walt Disney by 1,900.0% during the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 5,735,961 shares of the entertainment giant's stock valued at $638,699,000 after acquiring an additional 5,449,158 shares during the last quarter. Arrowstreet Capital Limited Partnership increased its stake in shares of Walt Disney by 75.8% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 10,858,108 shares of the entertainment giant's stock valued at $1,209,050,000 after acquiring an additional 4,680,930 shares during the last quarter. Raymond James Financial Inc. acquired a new position in shares of Walt Disney during the 4th quarter valued at about $358,151,000. Finally, Boston Partners acquired a new position in shares of Walt Disney during the 4th quarter valued at about $350,707,000. Institutional investors and hedge funds own 65.71% of the company's stock.

Walt Disney Stock Down 0.9%

Shares of Walt Disney stock traded down $1.13 on Monday, hitting $122.88. 4,322,424 shares of the company's stock traded hands, compared to its average volume of 10,022,163. The stock has a market cap of $220.90 billion, a P/E ratio of 25.13, a PEG ratio of 1.81 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 firm's 50-day moving average is $111.87 and its 200 day moving average is $106.30. The Walt Disney Company has a 52-week low of $80.10 and a 52-week high of $124.69.

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

Analyst Ratings Changes

DIS has been the subject of a number of research analyst reports. Loop Capital upped their price objective on shares of Walt Disney from $125.00 to $130.00 and gave the company a "buy" rating in a research note on Tuesday, June 10th. Morgan Stanley upped their price objective on shares of Walt Disney from $110.00 to $120.00 and gave the company an "overweight" rating in a research note on Thursday, May 8th. Rosenblatt Securities upped 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. Guggenheim upped their price objective on shares of Walt Disney from $120.00 to $140.00 and gave the company a "buy" rating in a research note on Friday, June 27th. Finally, Wolfe Research raised shares of Walt Disney from a "peer perform" rating to an "outperform" rating and set a $112.00 target price for the company in a research report on Monday, April 21st. Five investment analysts have rated the stock with a hold rating, seventeen have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, Walt Disney presently has an average rating of "Moderate Buy" and a consensus target price of $125.83.

Insider Activity at Walt Disney

In related news, EVP Brent Woodford sold 1,000 shares of the company'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 sale, the executive vice president directly owned 46,831 shares of the company's stock, valued at approximately $5,190,748.04. This represents a 2.09% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through 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.