The Walt Disney Company (NYSE:DIS) Stock Position Trimmed by M. Kraus & Co

M. Kraus & Co decreased its position in shares of The Walt Disney Company (NYSE:DIS - Free Report) by 8.6% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 23,975 shares of the entertainment giant's stock after selling 2,260 shares during the period. M. Kraus & Co's holdings in Walt Disney were worth $2,366,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Mission Wealth Management LP increased its stake 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 worth $2,843,000 after purchasing an additional 2,527 shares during the period. Brown Miller Wealth Management LLC grew its position in shares of Walt Disney by 4.8% in the 1st quarter. Brown Miller Wealth Management LLC now owns 35,926 shares of the entertainment giant's stock worth $3,546,000 after buying an additional 1,636 shares during the last quarter. Cyndeo Wealth Partners LLC raised its stake in shares of Walt Disney by 9.9% during the 1st quarter. Cyndeo Wealth Partners LLC now owns 8,798 shares of the entertainment giant's stock worth $868,000 after acquiring an additional 791 shares in the last quarter. Citadel Investment Advisory Inc. boosted 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 in the last quarter. Finally, Traphagen Investment Advisors LLC boosted its holdings in Walt Disney by 13.7% in the first quarter. Traphagen Investment Advisors LLC now owns 7,577 shares of the entertainment giant's stock worth $748,000 after acquiring an additional 912 shares in the last quarter. 65.71% of the stock is currently owned by hedge funds and other institutional investors.

Walt Disney Price Performance

DIS stock traded down $0.41 on Thursday, reaching $117.72. The company had a trading volume of 7,980,503 shares, compared to its average volume of 10,091,976. The company has a market cap of $211.64 billion, a P/E ratio of 24.07, a PEG ratio of 1.73 and a beta of 1.54. The company's fifty day moving average is $103.38 and its 200 day moving average is $105.87. The Walt Disney Company has a 1 year low of $80.10 and a 1 year high of $120.50. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.61 and a current ratio of 0.67.

Walt Disney (NYSE:DIS - Get Free Report) last released its earnings results 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. The business had revenue of $23.62 billion for the quarter, compared to analysts' expectations of $23.15 billion. Walt Disney had a net margin of 9.47% and a return on equity of 9.99%. The company's quarterly revenue was up 7.0% on a year-over-year basis. During the same period last year, the company earned $1.21 earnings per share. On average, research analysts forecast that The Walt Disney Company will post 5.47 earnings per share for the current year.

Insider Transactions at Walt Disney

In other news, EVP Brent Woodford sold 1,000 shares of Walt Disney stock in a transaction that occurred 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 transaction, the executive vice president now owns 46,831 shares in the company, valued at approximately $5,190,748.04. This trade represents a 2.09% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.16% of the company's stock.

Analysts Set New Price Targets

A number of research firms recently commented on DIS. Wolfe Research raised Walt Disney from a "peer perform" rating to an "outperform" rating and set a $112.00 target price for the company in a report on Monday, April 21st. Guggenheim reduced their price objective on Walt Disney from $130.00 to $120.00 and set a "buy" rating for the company in a research note on Thursday, May 8th. Needham & Company LLC reiterated a "buy" rating and issued a $125.00 target price on shares of Walt Disney in a research note on Thursday, May 8th. Morgan Stanley increased their price target on Walt Disney from $110.00 to $120.00 and gave the stock an "overweight" rating in a research report on Thursday, May 8th. Finally, Loop Capital boosted their target price on shares of Walt Disney from $125.00 to $130.00 and gave the stock a "buy" rating in a research note on Tuesday, June 10th. Six analysts have rated the stock with a hold rating, seventeen have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, Walt Disney currently has an average rating of "Moderate Buy" and an average price target of $123.96.

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.