K.J. Harrison & Partners Inc Sells 10,515 Shares of The Walt Disney Company (NYSE:DIS)

K.J. Harrison & Partners Inc trimmed its stake in shares of The Walt Disney Company (NYSE:DIS - Free Report) by 35.4% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 19,227 shares of the entertainment giant's stock after selling 10,515 shares during the quarter. K.J. Harrison & Partners Inc's holdings in Walt Disney were worth $1,898,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Onefund LLC boosted its position in Walt Disney by 2.0% during the fourth quarter. Onefund LLC now owns 4,856 shares of the entertainment giant's stock worth $541,000 after purchasing an additional 93 shares during the period. GPM Growth Investors Inc. boosted its position in shares of Walt Disney by 4.3% in the fourth quarter. GPM Growth Investors Inc. now owns 2,342 shares of the entertainment giant's stock valued at $261,000 after acquiring an additional 96 shares during the period. Waterloo Capital L.P. boosted its position in shares of Walt Disney by 3.2% in the fourth quarter. Waterloo Capital L.P. now owns 3,138 shares of the entertainment giant's stock valued at $349,000 after acquiring an additional 97 shares during the period. Quadrant Capital Group LLC boosted its position in shares of Walt Disney by 0.4% in the fourth quarter. Quadrant Capital Group LLC now owns 22,658 shares of the entertainment giant's stock valued at $2,523,000 after acquiring an additional 98 shares during the period. Finally, Acorns Advisers LLC boosted its position in shares of Walt Disney by 2.6% in the fourth quarter. Acorns Advisers LLC now owns 3,826 shares of the entertainment giant's stock valued at $426,000 after acquiring an additional 98 shares during the period. 65.71% of the stock is owned by institutional investors.

Analyst Ratings Changes

DIS has been the subject of several recent research reports. Morgan Stanley boosted their price target 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 boosted their price target on Walt Disney from $135.00 to $140.00 and gave the company a "buy" rating in a research note on Tuesday, June 3rd. UBS Group boosted 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. Guggenheim boosted their price target on Walt Disney from $120.00 to $140.00 and gave the company a "buy" rating in a research note on Friday. Finally, Loop Capital boosted their price target on Walt Disney from $125.00 to $130.00 and gave the company a "buy" rating in a research note on Tuesday, June 10th. Six equities research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $124.79.

Insider Activity at Walt Disney

In related news, EVP Brent Woodford sold 1,000 shares of the stock in a transaction on Tuesday, May 13th. The stock was sold at an average price of $110.84, for a total value of $110,840.00. Following the completion of the sale, the executive vice president now directly owns 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 transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.16% of the stock is currently owned by company insiders.

Walt Disney Stock Up 0.8%

Shares of NYSE:DIS opened at $122.39 on Friday. The company has a fifty day moving average of $108.25 and a 200-day moving average of $105.96. The company has a market capitalization of $220.02 billion, a PE ratio of 25.03, a price-to-earnings-growth ratio of 1.79 and a beta of 1.54. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.61 and a current ratio of 0.67. The Walt Disney Company has a 52-week low of $80.10 and a 52-week high of $122.94.

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 for the quarter, beating analysts' consensus estimates of $1.21 by $0.24. The business had revenue of $23.62 billion during the quarter, compared to the consensus estimate of $23.15 billion. Walt Disney had a return on equity of 9.99% and a net margin of 9.47%. Walt Disney's quarterly revenue was up 7.0% on a year-over-year basis. During the same period in the prior year, the business posted $1.21 earnings per share. On average, equities analysts predict that The Walt Disney Company will post 5.47 EPS for the current fiscal year.

About Walt Disney

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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