The Walt Disney Company (NYSE:DIS) Shares Sold by MCF Advisors LLC

MCF Advisors LLC trimmed its position in shares of The Walt Disney Company (NYSE:DIS - Free Report) by 31.6% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 5,728 shares of the entertainment giant's stock after selling 2,646 shares during the period. MCF Advisors LLC's holdings in Walt Disney were worth $565,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the company. Waterloo Capital L.P. lifted its position in shares of Walt Disney by 3.2% during the 4th quarter. Waterloo Capital L.P. now owns 3,138 shares of the entertainment giant's stock valued at $349,000 after buying an additional 97 shares in the last quarter. Quadrant Capital Group LLC raised its stake in Walt Disney by 0.4% in the 4th quarter. Quadrant Capital Group LLC now owns 22,658 shares of the entertainment giant's stock valued at $2,523,000 after purchasing an additional 98 shares during the last quarter. Acorns Advisers LLC raised its stake in Walt Disney by 2.6% in the 4th quarter. Acorns Advisers LLC now owns 3,826 shares of the entertainment giant's stock valued at $426,000 after purchasing an additional 98 shares during the last quarter. Allegheny Financial Group raised its stake in Walt Disney by 2.3% in the 4th quarter. Allegheny Financial Group now owns 4,624 shares of the entertainment giant's stock valued at $515,000 after purchasing an additional 106 shares during the last quarter. Finally, Resonant Capital Advisors LLC grew its holdings in shares of Walt Disney by 0.4% during the 1st quarter. Resonant Capital Advisors LLC now owns 26,119 shares of the entertainment giant's stock worth $2,578,000 after purchasing an additional 113 shares during the period. 65.71% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the company. Wall Street Zen cut Walt Disney from a "strong-buy" rating to a "buy" rating in a report on Sunday. Wolfe Research raised Walt Disney from a "peer perform" rating to an "outperform" rating and set a $112.00 target price on the stock in a research note on Monday, April 21st. UBS Group increased their target price on Walt Disney from $120.00 to $138.00 and gave the stock a "buy" rating in a research note on Wednesday, July 16th. Loop Capital increased their target price on Walt Disney from $125.00 to $130.00 and gave the stock a "buy" rating in a research note on Tuesday, June 10th. Finally, Morgan Stanley increased their target price on Walt Disney from $110.00 to $120.00 and gave the stock an "overweight" rating in a research note on Thursday, May 8th. Five research analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $128.13.

Insider Buying and Selling at Walt Disney

In other Walt Disney 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 transaction, the executive vice president directly owned 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 document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 0.16% of the company's stock.

Walt Disney Stock Performance

Shares of DIS traded down $0.91 during mid-day trading on Thursday, reaching $122.03. 6,602,904 shares of the company's stock were exchanged, compared to its average volume of 9,877,937. The business's fifty day simple moving average is $117.61 and its 200-day simple moving average is $107.22. The Walt Disney Company has a 52-week low of $80.10 and a 52-week high of $124.69. The stock has a market capitalization of $219.38 billion, a PE ratio of 24.95, a price-to-earnings-growth ratio of 1.77 and a beta of 1.56. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.67 and a quick ratio of 0.61.

Walt Disney (NYSE:DIS - Get Free Report) last announced its earnings results on Wednesday, May 7th. The entertainment giant reported $1.45 earnings per share for the quarter, beating the consensus estimate of $1.21 by $0.24. Walt Disney had a return on equity of 9.99% and a net margin of 9.47%. The company had revenue of $23.62 billion for the quarter, compared to the consensus estimate of $23.15 billion. During the same period last year, the business posted $1.21 EPS. The company's revenue was up 7.0% on a year-over-year basis. On average, equities research analysts expect that The Walt Disney Company will post 5.47 earnings per share for the current 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.