Massachusetts Financial Services Co. MA Sells 1,462,461 Shares of The Walt Disney Company (NYSE:DIS)

Massachusetts Financial Services Co. MA lowered its stake in shares of The Walt Disney Company (NYSE:DIS - Free Report) by 21.9% during the 1st quarter, according to its most recent filing with the SEC. The firm owned 5,209,869 shares of the entertainment giant's stock after selling 1,462,461 shares during the period. Massachusetts Financial Services Co. MA owned approximately 0.29% of Walt Disney worth $514,214,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in DIS. Mpwm Advisory Solutions LLC bought a new stake in Walt Disney in the 4th quarter worth approximately $27,000. Kessler Investment Group LLC boosted its stake in shares of Walt Disney by 274.0% in the 1st quarter. Kessler Investment Group LLC now owns 273 shares of the entertainment giant's stock worth $27,000 after buying an additional 200 shares during the last quarter. Pilgrim Partners Asia Pte Ltd purchased a new position in shares of Walt Disney in the 4th quarter worth $32,000. Copia Wealth Management bought a new stake in shares of Walt Disney in the fourth quarter worth $36,000. Finally, Vermillion Wealth Management Inc. purchased a new stake in Walt Disney during the fourth quarter valued at $39,000. Hedge funds and other institutional investors own 65.71% of the company's stock.

Walt Disney Price Performance

NYSE DIS traded up $0.81 on Wednesday, reaching $119.79. The company had a trading volume of 6,746,234 shares, compared to its average volume of 9,995,081. The firm's 50 day moving average price is $116.35 and its 200 day moving average price is $106.86. The Walt Disney Company has a 12 month low of $80.10 and a 12 month high of $124.69. The stock has a market capitalization of $215.36 billion, a PE ratio of 24.50, a price-to-earnings-growth ratio of 1.74 and a beta of 1.56. The company has a quick ratio of 0.61, a current ratio of 0.67 and a debt-to-equity ratio of 0.34.

Walt Disney (NYSE:DIS - Get Free Report) last posted its 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. The company had revenue of $23.62 billion for 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%. The firm's revenue for the quarter was up 7.0% on a year-over-year basis. During the same period in the previous year, the business earned $1.21 earnings per share. As a group, equities analysts predict that The Walt Disney Company will post 5.47 earnings per share for the current year.

Insider Activity at Walt Disney

In related news, EVP Brent Woodford sold 1,000 shares of the business's stock in a transaction on Tuesday, May 13th. The shares were sold at an average price of $110.84, for a total value of $110,840.00. Following the sale, the executive vice president owned 46,831 shares in the company, valued at approximately $5,190,748.04. The trade was a 2.09% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.16% of the company's stock.

Analysts Set New Price Targets

Several research analysts have issued reports on the company. Wall Street Zen raised Walt Disney from a "buy" rating to a "strong-buy" rating in a research report on Saturday. UBS Group increased their price objective on shares of Walt Disney from $120.00 to $138.00 and gave the stock a "buy" rating in a research note on Wednesday. Rosenblatt Securities boosted their target price on shares of Walt Disney from $135.00 to $140.00 and gave the company a "buy" rating in a research report on Tuesday, June 3rd. Barclays upped their target price on shares of Walt Disney from $120.00 to $140.00 and gave the company an "overweight" rating in a report on Wednesday, July 9th. Finally, Guggenheim lifted their price target on shares of Walt Disney from $120.00 to $140.00 and gave the stock a "buy" rating in a research note on Friday, June 27th. Five investment analysts have rated the stock with a hold rating, eighteen have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $128.13.

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.