The Walt Disney Company (NYSE:DIS) Shares Sold by Mediolanum International Funds Ltd

Key Points

• Mediolanum International Funds Ltd reduced its stake in The Walt Disney Company by 76.5%, selling 214,724 shares, and now holds 65,939 shares valued at approximately $6.47 million.
• Several institutional investors have also changed their positions in Disney stock, including Kessler Investment Group, which increased its holdings by 274.0%.
• Analysts have raised their price targets for Disney, with Citigroup increasing it from $125 to $140, and the company currently holds an average rating of "Moderate Buy" with a consensus price target of $128.13.

Mediolanum International Funds Ltd decreased its holdings in The Walt Disney Company (NYSE:DIS - Free Report) by 76.5% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 65,939 shares of the entertainment giant's stock after selling 214,724 shares during the quarter. Mediolanum International Funds Ltd's holdings in Walt Disney were worth $6,467,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Mpwm Advisory Solutions LLC purchased a new position in shares of Walt Disney in the 4th quarter valued at about $27,000. Kessler Investment Group LLC increased its holdings 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 valued at $27,000 after purchasing an additional 200 shares in the last quarter. Pilgrim Partners Asia Pte Ltd purchased a new position in shares of Walt Disney in the 4th quarter valued at about $32,000. Copia Wealth Management purchased a new position in shares of Walt Disney in the 4th quarter valued at about $36,000. Finally, Vermillion Wealth Management Inc. purchased a new position in shares of Walt Disney in the 4th quarter valued at about $39,000. Institutional investors and hedge funds own 65.71% of the company's stock.

Insider Activity

In other news, EVP Brent Woodford sold 1,000 shares of the firm's stock in a transaction that occurred on Tuesday, May 13th. The shares were sold at an average price of $110.84, for a total transaction of $110,840.00. Following the completion of the sale, the executive vice president owned 46,831 shares of the company's stock, valued at approximately $5,190,748.04. This trade represents a 2.09% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.16% of the stock is owned by corporate insiders.

Walt Disney Stock Down 0.5%

Shares of DIS traded down $0.60 during mid-day trading on Thursday, reaching $118.95. 2,047,786 shares of the stock traded hands, compared to its average volume of 9,709,655. The firm has a market cap of $213.83 billion, a price-to-earnings ratio of 24.31, a P/E/G ratio of 1.75 and a beta of 1.56. The stock has a fifty day simple moving average of $118.46 and a 200 day simple moving average of $107.59. The Walt Disney Company has a 12-month low of $80.10 and a 12-month high of $124.69. 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 quarterly earnings data on Wednesday, May 7th. The entertainment giant reported $1.45 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.21 by $0.24. The company had revenue of $23.62 billion for the quarter, compared to analyst estimates of $23.15 billion. Walt Disney had a net margin of 9.47% and a return on equity of 9.99%. The business's quarterly revenue was up 7.0% on a year-over-year basis. During the same quarter last year, the firm posted $1.21 earnings per share. Sell-side analysts expect that The Walt Disney Company will post 5.47 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts recently commented on DIS shares. Barclays increased their price objective on shares of Walt Disney from $120.00 to $140.00 and gave the company an "overweight" rating in a research note on Wednesday, July 9th. Morgan Stanley raised their price target on shares of Walt Disney from $110.00 to $120.00 and gave the stock an "overweight" rating in a research note on Thursday, May 8th. Wolfe Research raised 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. Guggenheim raised 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. Finally, Citigroup raised their price target on shares of Walt Disney from $125.00 to $140.00 and gave the stock a "buy" rating in a research note on Wednesday, July 9th. Five investment analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $128.70.

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.