Janney Montgomery Scott LLC Decreases Stock Holdings in The Walt Disney Company (NYSE:DIS)

Janney Montgomery Scott LLC trimmed its position in shares of The Walt Disney Company (NYSE:DIS - Free Report) by 2.4% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 378,154 shares of the entertainment giant's stock after selling 9,204 shares during the period. Janney Montgomery Scott LLC's holdings in Walt Disney were worth $37,324,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of DIS. Northstar Group Inc. increased its stake in shares of Walt Disney by 3.6% during the first quarter. Northstar Group Inc. now owns 32,078 shares of the entertainment giant's stock valued at $3,166,000 after buying an additional 1,124 shares during the period. Mission Wealth Management LP boosted its holdings in Walt Disney by 9.6% in the first quarter. Mission Wealth Management LP now owns 28,808 shares of the entertainment giant's stock valued at $2,843,000 after acquiring an additional 2,527 shares in the last quarter. Brown Miller Wealth Management LLC increased its position in Walt Disney by 4.8% during the 1st quarter. Brown Miller Wealth Management LLC now owns 35,926 shares of the entertainment giant's stock valued at $3,546,000 after purchasing an additional 1,636 shares during the period. Cyndeo Wealth Partners LLC raised its holdings in Walt Disney by 9.9% in the 1st quarter. Cyndeo Wealth Partners LLC now owns 8,798 shares of the entertainment giant's stock worth $868,000 after purchasing an additional 791 shares in the last quarter. Finally, Citadel Investment Advisory Inc. lifted its position in shares of Walt Disney by 0.5% in the 1st quarter. Citadel Investment Advisory Inc. now owns 25,362 shares of the entertainment giant's stock worth $2,503,000 after purchasing an additional 130 shares during the period. 65.71% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Walt Disney news, EVP Brent Woodford sold 1,000 shares of the stock in a transaction dated Tuesday, May 13th. The stock was sold at an average price of $110.84, for a total value of $110,840.00. Following the transaction, the executive vice president now owns 46,831 shares of the company's stock, valued at approximately $5,190,748.04. This represents a 2.09% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.16% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on DIS. UBS Group boosted their price target on shares of Walt Disney from $105.00 to $120.00 and gave the company a "buy" rating in a research report on Thursday, May 8th. Morgan Stanley raised their target price on 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 lifted their price target on Walt Disney from $135.00 to $140.00 and gave the company a "buy" rating in a research report on Tuesday, June 3rd. Loop Capital increased their price objective on Walt Disney from $125.00 to $130.00 and gave the stock a "buy" rating in a report on Tuesday, June 10th. Finally, Needham & Company LLC restated a "buy" rating and set a $125.00 target price on shares of Walt Disney in a report on Thursday, May 8th. Six research analysts have rated the stock with a hold rating, seventeen have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $123.96.

Walt Disney Price Performance

NYSE DIS opened at $119.43 on Tuesday. The Walt Disney Company has a one year low of $80.10 and a one year high of $120.50. The stock has a 50-day moving average of $102.33 and a 200 day moving average of $105.78. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.62 and a current ratio of 0.68. The company has a market capitalization of $214.71 billion, a price-to-earnings ratio of 38.90, a PEG ratio of 1.80 and a beta of 1.54.

Walt Disney (NYSE:DIS - Get Free Report) last announced its quarterly earnings results on Wednesday, May 7th. The entertainment giant reported $1.45 EPS for the quarter, topping analysts' consensus estimates of $1.21 by $0.24. Walt Disney had a net margin of 6.07% and a return on equity of 9.95%. The firm 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 posted $1.21 earnings per share. The business's revenue for the quarter was up 7.0% on a year-over-year basis. On average, sell-side analysts forecast that The Walt Disney Company will post 5.47 EPS for the current year.

Walt Disney Company 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.

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