MassMutual Private Wealth & Trust FSB Sells 49,609 Shares of The Walt Disney Company (NYSE:DIS)

MassMutual Private Wealth & Trust FSB lowered its position in The Walt Disney Company (NYSE:DIS - Free Report) by 46.2% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 57,761 shares of the entertainment giant's stock after selling 49,609 shares during the quarter. MassMutual Private Wealth & Trust FSB's holdings in Walt Disney were worth $5,701,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Trek Financial LLC raised its position in Walt Disney by 479.9% during the 4th quarter. Trek Financial LLC now owns 36,320 shares of the entertainment giant's stock worth $4,044,000 after buying an additional 30,057 shares during the last quarter. Greystone Financial Group LLC grew its stake in 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 acquiring an additional 9,967 shares during the period. FourThought Financial Partners LLC acquired a new stake in Walt Disney in the 4th quarter valued at $446,000. Alecta Tjanstepension Omsesidigt grew its stake in Walt Disney by 2.9% in the 4th quarter. Alecta Tjanstepension Omsesidigt now owns 3,569,400 shares of the entertainment giant's stock valued at $397,667,000 after acquiring an additional 100,000 shares during the period. Finally, Cape Investment Advisory Inc. boosted its stake in Walt Disney by 18.6% during the 4th quarter. Cape Investment Advisory Inc. now owns 14,467 shares of the entertainment giant's stock worth $1,611,000 after purchasing an additional 2,272 shares during the last quarter. Hedge funds and other institutional investors own 65.71% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on DIS. Morgan Stanley lifted their price target on Walt Disney from $110.00 to $120.00 and gave the stock an "overweight" rating in a report on Thursday, May 8th. The Goldman Sachs Group boosted their price target on shares of Walt Disney from $137.00 to $139.00 and gave the stock a "buy" rating in a research note on Tuesday, February 4th. Barclays boosted their price objective on Walt Disney from $115.00 to $120.00 and gave the stock an "overweight" rating in a research 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 objective for the company in a research report on Monday, April 21st. Finally, Prescient Securities reduced their price objective on shares of Walt Disney from $130.00 to $115.00 and set a "neutral" rating for the company in a research report on Tuesday, February 4th. Six investment analysts have rated the stock with a hold rating, seventeen have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, Walt Disney has an average rating of "Moderate Buy" and a consensus target price of $123.54.

Insider Buying and Selling at Walt Disney

In other Walt Disney news, EVP Brent Woodford sold 1,000 shares of the business's 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 sale, the executive vice president now directly owns 46,831 shares in the company, valued at $5,190,748.04. The trade was a 2.09% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 0.16% of the company's stock.

Walt Disney Stock Up 0.9%

DIS traded up $1.03 during trading hours on Friday, hitting $113.05. 12,878,557 shares of the company's stock were exchanged, compared to its average volume of 10,067,040. The Walt Disney Company has a 1-year low of $80.10 and a 1-year high of $118.63. The stock's 50-day moving average is $97.05 and its two-hundred day moving average is $105.63. The stock has a market cap of $203.24 billion, a price-to-earnings ratio of 36.82, a PEG ratio of 1.80 and a beta of 1.49. The company has a quick ratio of 0.62, a current ratio of 0.68 and a debt-to-equity ratio of 0.36.

Walt Disney (NYSE:DIS - Get Free Report) last posted its earnings results on Wednesday, May 7th. The entertainment giant reported $1.45 earnings per share for the quarter, topping analysts' consensus estimates of $1.21 by $0.24. The business had revenue of $23.62 billion for the quarter, compared to analyst estimates of $23.15 billion. Walt Disney had a return on equity of 9.95% and a net margin of 6.07%. The firm's revenue was up 7.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.21 EPS. Sell-side analysts predict that The Walt Disney Company will post 5.47 earnings per share for the current fiscal year.

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.