Mendel Money Management Sells 14,603 Shares of The Walt Disney Company (NYSE:DIS)

Mendel Money Management decreased its position in The Walt Disney Company (NYSE:DIS - Free Report) by 58.7% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 10,286 shares of the entertainment giant's stock after selling 14,603 shares during the quarter. Mendel Money Management's holdings in Walt Disney were worth $1,015,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in DIS. Brighton Jones LLC boosted its position in Walt Disney by 7.7% during the fourth quarter. Brighton Jones LLC now owns 26,767 shares of the entertainment giant's stock worth $2,980,000 after purchasing an additional 1,904 shares during the period. Modern Wealth Management LLC boosted its position in Walt Disney by 23.1% during the fourth quarter. Modern Wealth Management LLC now owns 15,498 shares of the entertainment giant's stock worth $1,694,000 after purchasing an additional 2,909 shares during the period. TD Asset Management Inc. boosted its position in Walt Disney by 4.6% during the fourth quarter. TD Asset Management Inc. now owns 1,028,259 shares of the entertainment giant's stock worth $114,497,000 after purchasing an additional 44,978 shares during the period. Florida Financial Advisors LLC boosted its position in Walt Disney by 46.6% during the fourth quarter. Florida Financial Advisors LLC now owns 3,317 shares of the entertainment giant's stock worth $357,000 after purchasing an additional 1,055 shares during the period. Finally, Murphy & Mullick Capital Management Corp bought a new stake in Walt Disney during the fourth quarter worth approximately $574,000. Institutional investors own 65.71% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. Needham & Company LLC reissued a "buy" rating and issued a $125.00 price objective on shares of Walt Disney in a research report on Thursday, May 8th. Jefferies Financial Group raised Walt Disney from a "hold" rating to a "buy" rating and increased their price objective for the company from $100.00 to $144.00 in a research report on Monday, June 30th. Citigroup increased their price objective on Walt Disney from $125.00 to $140.00 and gave the company a "buy" rating in a research report on Wednesday, July 9th. Wall Street Zen cut Walt Disney from a "strong-buy" rating to a "buy" rating in a research report on Sunday, July 20th. Finally, Barclays increased their price objective on Walt Disney from $120.00 to $140.00 and gave the company an "overweight" rating in a research report on Wednesday, July 9th. Five analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $128.13.

Insider Transactions at Walt Disney

In related news, EVP Brent Woodford sold 1,000 shares of the firm's stock in a transaction dated 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 owned 46,831 shares in the company, valued at $5,190,748.04. This trade represents a 2.09% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.16% of the stock is currently owned by corporate insiders.

Walt Disney Price Performance

Shares of DIS stock traded down $0.51 during trading hours on Friday, hitting $121.44. 5,587,104 shares of the company's stock were exchanged, compared to its average volume of 7,479,350. The stock's 50-day moving average is $117.97 and its 200-day moving average is $107.35. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.67 and a quick ratio of 0.61. The stock has a market cap of $218.32 billion, a price-to-earnings ratio of 24.83, a price-to-earnings-growth ratio of 1.78 and a beta of 1.56. The Walt Disney Company has a 52 week low of $80.10 and a 52 week high of $124.69.

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