Lmcg Investments LLC Sells 7,431 Shares of The Walt Disney Company (NYSE:DIS)

Lmcg Investments LLC lessened its stake in shares of The Walt Disney Company (NYSE:DIS - Free Report) by 4.8% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 146,993 shares of the entertainment giant's stock after selling 7,431 shares during the period. Walt Disney accounts for about 1.0% of Lmcg Investments LLC's portfolio, making the stock its 23rd biggest position. Lmcg Investments LLC's holdings in Walt Disney were worth $14,508,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Trek Financial LLC lifted its position in Walt Disney by 479.9% during the fourth quarter. Trek Financial LLC now owns 36,320 shares of the entertainment giant's stock worth $4,044,000 after purchasing an additional 30,057 shares during the period. Greystone Financial Group LLC raised its position in shares of Walt Disney by 13.3% in the 4th quarter. Greystone Financial Group LLC now owns 85,187 shares of the entertainment giant's stock valued at $9,486,000 after buying an additional 9,967 shares in the last quarter. FourThought Financial Partners LLC bought a new stake in shares of Walt Disney during the 4th quarter worth approximately $446,000. Alecta Tjanstepension Omsesidigt boosted its position in shares of Walt Disney by 2.9% during the 4th quarter. Alecta Tjanstepension Omsesidigt now owns 3,569,400 shares of the entertainment giant's stock worth $397,667,000 after acquiring an additional 100,000 shares in the last quarter. Finally, Cape Investment Advisory Inc. increased its stake in Walt Disney by 18.6% in the fourth quarter. Cape Investment Advisory Inc. now owns 14,467 shares of the entertainment giant's stock valued at $1,611,000 after acquiring an additional 2,272 shares during the last quarter. 65.71% of the stock is owned by institutional investors and hedge funds.

Walt Disney Trading Up 1.3%

Shares of NYSE:DIS traded up $1.42 during trading on Friday, reaching $113.95. The stock had a trading volume of 5,786,189 shares, compared to its average volume of 10,016,980. The Walt Disney Company has a 52 week low of $80.10 and a 52 week high of $118.63. 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 firm's fifty day moving average is $98.14 and its 200 day moving average is $105.80. The stock has a market cap of $204.85 billion, a price-to-earnings ratio of 37.12, a P/E/G ratio of 1.80 and a beta of 1.49.

Walt Disney (NYSE:DIS - Get Free Report) last issued its quarterly earnings results on Wednesday, May 7th. The entertainment giant reported $1.45 EPS for the quarter, beating 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 business had revenue of $23.62 billion for the quarter, compared to analysts' expectations of $23.15 billion. During the same quarter in the prior year, the firm posted $1.21 earnings per share. The business's quarterly revenue was up 7.0% compared to the same quarter last year. As a group, equities analysts forecast that The Walt Disney Company will post 5.47 EPS for the current fiscal year.

Insider Buying and Selling

In other Walt Disney news, EVP Brent Woodford sold 1,000 shares of the 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 transaction, the executive vice president now directly owns 46,831 shares in the company, valued at approximately $5,190,748.04. This represents a 2.09% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.16% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

DIS has been the subject of several recent analyst reports. UBS Group upped their target price on Walt Disney from $105.00 to $120.00 and gave the stock a "buy" rating in a research note on Thursday, May 8th. Guggenheim reduced their price objective on Walt Disney from $130.00 to $120.00 and set a "buy" rating on the stock in a research note on Thursday, May 8th. Needham & Company LLC reissued a "buy" rating and issued a $125.00 target price on shares of Walt Disney in a report on Thursday, May 8th. Wolfe Research upgraded shares of Walt Disney from a "peer perform" rating to an "outperform" rating and set a $112.00 price target on the stock in a research note on Monday, April 21st. Finally, Barclays upped their price objective on shares of Walt Disney from $115.00 to $120.00 and gave the stock an "overweight" rating in a research report on Thursday, May 8th. Six analysts have rated the stock with a hold rating, seventeen have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $123.75.

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.