The Walt Disney Company (NYSE:DIS) Position Cut by Key Financial Inc

Key Financial Inc decreased its stake in shares of The Walt Disney Company (NYSE:DIS - Free Report) by 32.5% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 9,728 shares of the entertainment giant's stock after selling 4,687 shares during the period. Key Financial Inc's holdings in Walt Disney were worth $960,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Norges Bank purchased a new stake in shares of Walt Disney in the fourth quarter valued at $2,415,427,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main grew its position in shares of Walt Disney by 1,900.0% in the fourth 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 purchasing an additional 5,449,158 shares during the period. Arrowstreet Capital Limited Partnership grew its position in shares of Walt Disney by 75.8% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 10,858,108 shares of the entertainment giant's stock valued at $1,209,050,000 after purchasing an additional 4,680,930 shares during the period. Boston Partners purchased a new stake in shares of Walt Disney in the fourth quarter valued at $350,707,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of Walt Disney by 21.8% in 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 valued at $1,878,142,000 after purchasing an additional 3,016,339 shares during the period. Hedge funds and other institutional investors own 65.71% of the company's stock.

Insider Transactions at Walt Disney

In other Walt Disney 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 owned 46,831 shares in the company, valued at $5,190,748.04. This represents a 2.09% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. 0.16% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on DIS. Rosenblatt Securities lifted their price objective on Walt Disney from $135.00 to $140.00 and gave the company a "buy" rating in a research report on Tuesday, June 3rd. Needham & Company LLC reaffirmed a "buy" rating and issued a $125.00 price objective on shares of Walt Disney in a research report on Thursday, May 8th. Barclays boosted their price target on Walt Disney from $120.00 to $140.00 and gave the company an "overweight" rating in a research report on Wednesday, July 9th. Jefferies Financial Group raised Walt Disney from a "hold" rating to a "buy" rating and boosted their price target for the company from $100.00 to $144.00 in a research report on Monday, June 30th. Finally, UBS Group boosted their price target on Walt Disney from $120.00 to $138.00 and gave the company a "buy" rating in a research report on Wednesday. Five research analysts have rated the stock with a hold rating, eighteen have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $128.13.

Walt Disney Stock Up 0.7%

DIS stock traded up $0.81 during midday trading on Wednesday, hitting $119.79. 6,746,234 shares of the company's stock were exchanged, compared to its average volume of 9,995,081. The company has a current ratio of 0.67, a quick ratio of 0.61 and a debt-to-equity ratio of 0.34. The Walt Disney Company has a 12-month low of $80.10 and a 12-month high of $124.69. The firm has a 50 day moving average price of $115.99 and a 200-day moving average price of $106.77. The stock has a market capitalization of $215.36 billion, a price-to-earnings ratio of 24.50, a price-to-earnings-growth ratio of 1.74 and a beta of 1.56.

Walt Disney (NYSE:DIS - Get Free Report) last posted its quarterly earnings data on Wednesday, May 7th. The entertainment giant reported $1.45 earnings per share (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 for the quarter, compared to the consensus estimate of $23.15 billion. During the same period in the previous year, the business earned $1.21 EPS. Walt Disney's revenue for the quarter was up 7.0% compared to the same quarter last year. On average, analysts anticipate 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.