Meyer Handelman Co. cut its stake in The Walt Disney Company (NYSE:DIS - Free Report) by 20.7% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 22,083 shares of the entertainment giant's stock after selling 5,760 shares during the period. Meyer Handelman Co.'s holdings in Walt Disney were worth $2,180,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also made changes to their positions in the company. Mpwm Advisory Solutions LLC bought a new stake in Walt Disney during the fourth quarter worth approximately $27,000. FPC Investment Advisory Inc. bought a new stake in Walt Disney during the fourth quarter worth approximately $28,000. Tacita Capital Inc boosted its holdings in Walt Disney by 93.2% during the fourth quarter. Tacita Capital Inc now owns 257 shares of the entertainment giant's stock worth $29,000 after buying an additional 124 shares in the last quarter. Pilgrim Partners Asia Pte Ltd bought a new stake in Walt Disney during the fourth quarter worth approximately $32,000. Finally, Midwest Capital Advisors LLC bought a new stake in Walt Disney during the fourth quarter worth approximately $34,000. 65.71% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In
A number of analysts recently weighed in on the stock. Barclays raised their target price on shares of Walt Disney from $115.00 to $120.00 and gave the stock an "overweight" rating in a report on Thursday, May 8th. Rosenblatt Securities restated a "buy" rating and set a $135.00 target price on shares of Walt Disney in a report on Monday, February 10th. Wolfe Research upgraded shares of Walt Disney from a "peer perform" rating to an "outperform" rating and set a $112.00 target price for the company in a report on Monday, April 21st. Guggenheim decreased their price objective on shares of Walt Disney from $130.00 to $120.00 and set a "buy" rating for the company in a research note on Thursday, May 8th. Finally, Morgan Stanley raised their price objective 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. Six research analysts have rated the stock with a hold rating, seventeen have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $123.54.
View Our Latest Research Report on Walt Disney
Walt Disney Stock Down 0.2%
DIS stock traded down $0.17 during midday trading on Monday, reaching $112.87. The company had a trading volume of 7,341,557 shares, compared to its average volume of 10,038,182. The company has a market capitalization of $202.91 billion, a P/E ratio of 36.77, a PEG ratio of 1.80 and a beta of 1.49. The company has a 50 day moving average of $97.05 and a two-hundred day moving average of $105.68. The company has a current ratio of 0.68, a quick ratio of 0.62 and a debt-to-equity ratio of 0.36. The Walt Disney Company has a 1 year low of $80.10 and a 1 year high of $118.63.
Walt Disney (NYSE:DIS - Get Free Report) last released its quarterly earnings results on Wednesday, May 7th. The entertainment giant reported $1.45 earnings per share for the quarter, beating analysts' consensus estimates of $1.21 by $0.24. The business had revenue of $23.62 billion for the quarter, compared to the consensus estimate of $23.15 billion. Walt Disney had a net margin of 6.07% and a return on equity of 9.95%. Walt Disney's revenue for the quarter was up 7.0% on a year-over-year basis. During the same quarter last year, the firm earned $1.21 EPS. On average, equities research analysts expect that The Walt Disney Company will post 5.47 earnings per share for the current fiscal year.
Insider Activity
In other news, EVP Brent Woodford sold 1,000 shares of the firm's stock in a transaction 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 transaction, the executive vice president now owns 46,831 shares in the company, valued at approximately $5,190,748.04. This trade represents a 2.09% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.16% of the stock is owned by insiders.
About Walt Disney
(
Free Report)
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.
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