Miracle Mile Advisors LLC Sells 9,805 Shares of The Walt Disney Company (NYSE:DIS)

Miracle Mile Advisors LLC cut its position in shares of The Walt Disney Company (NYSE:DIS - Free Report) by 10.2% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 85,946 shares of the entertainment giant's stock after selling 9,805 shares during the period. Miracle Mile Advisors LLC's holdings in Walt Disney were worth $8,483,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Brighton Jones LLC increased its holdings in shares of Walt Disney by 7.7% in the 4th quarter. Brighton Jones LLC now owns 26,767 shares of the entertainment giant's stock valued at $2,980,000 after acquiring an additional 1,904 shares during the period. Strategic Financial Concepts LLC increased its holdings in shares of Walt Disney by 6,063.0% in the 4th quarter. Strategic Financial Concepts LLC now owns 130,655 shares of the entertainment giant's stock valued at $14,548,000 after acquiring an additional 128,535 shares during the period. Golden State Wealth Management LLC purchased a new position in shares of Walt Disney in the 4th quarter valued at $672,000. Lecap Asset Management Ltd. purchased a new position in shares of Walt Disney in the 4th quarter valued at $469,000. Finally, Northstar Group Inc. increased its holdings in shares of Walt Disney by 8.4% in the 4th quarter. Northstar Group Inc. now owns 30,954 shares of the entertainment giant's stock valued at $3,447,000 after acquiring an additional 2,406 shares during the period. 65.71% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

DIS has been the topic of a number of analyst reports. Rosenblatt Securities lifted their price target on Walt Disney from $135.00 to $140.00 and gave the company a "buy" rating in a report on Tuesday, June 3rd. Needham & Company LLC reiterated a "buy" rating and issued a $125.00 price target on shares of Walt Disney in a report on Thursday, May 8th. Morgan Stanley boosted 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. Barclays boosted their target price on Walt Disney from $115.00 to $120.00 and gave the stock an "overweight" rating in a research note on Thursday, May 8th. Finally, Wolfe Research upgraded 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. 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 stock currently has an average rating of "Moderate Buy" and an average price target of $123.75.

Walt Disney Stock Up 1.3%

Walt Disney stock opened at $113.95 on Friday. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.62 and a current ratio of 0.68. The business's 50-day simple moving average is $98.47 and its two-hundred day simple moving average is $105.76. The company has a market cap of $204.85 billion, a PE ratio of 37.12, a PEG ratio of 1.80 and a beta of 1.49. The Walt Disney Company has a fifty-two week low of $80.10 and a fifty-two week high of $118.63.

Walt Disney (NYSE:DIS - Get Free Report) last posted its quarterly 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. The business had revenue of $23.62 billion for the quarter, compared to the consensus estimate of $23.15 billion. Walt Disney had a return on equity of 9.95% and a net margin of 6.07%. The company's quarterly revenue was up 7.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.21 EPS. Equities analysts anticipate that The Walt Disney Company will post 5.47 EPS for the current year.

Insider Activity

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

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.

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