Mitsubishi UFJ Trust & Banking Corp Sells 15,468 Shares of The Walt Disney Company (NYSE:DIS)

Key Points

• Mitsubishi UFJ Trust & Banking Corp reduced its stake in The Walt Disney Company by 1.4%, selling 15,468 shares and now holds approximately 1,057,998 shares valued at $104.4 million.
• The company's stock recently experienced a 2.1% decline, with shares trading at $116.57, amidst a market cap of $209.56 billion and a price-to-earnings ratio of 23.84.
• Walt Disney's latest quarterly earnings show a significant beat on estimates, reporting $1.45 EPS on revenue of $23.62 billion, up by 7% year-over-year.

Mitsubishi UFJ Trust & Banking Corp decreased its position in shares of The Walt Disney Company (NYSE:DIS - Free Report) by 1.4% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,057,998 shares of the entertainment giant's stock after selling 15,468 shares during the period. Mitsubishi UFJ Trust & Banking Corp owned approximately 0.06% of Walt Disney worth $104,424,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also bought and sold shares of DIS. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main increased its position in Walt Disney by 1,900.0% during the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 5,735,961 shares of the entertainment giant's stock valued at $638,699,000 after acquiring an additional 5,449,158 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of Walt Disney by 21.8% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 16,867,017 shares of the entertainment giant's stock valued at $1,878,142,000 after purchasing an additional 3,016,339 shares during the period. Diamond Hill Capital Management Inc. boosted its stake in shares of Walt Disney by 1,080.7% during the first quarter. Diamond Hill Capital Management Inc. now owns 2,816,548 shares of the entertainment giant's stock valued at $277,993,000 after purchasing an additional 2,578,004 shares during the period. GAMMA Investing LLC lifted its stake in Walt Disney by 10,567.3% in the first quarter. GAMMA Investing LLC now owns 2,450,702 shares of the entertainment giant's stock worth $241,884,000 after acquiring an additional 2,427,728 shares during the period. Finally, Northern Trust Corp lifted its stake in Walt Disney by 10.4% in the fourth quarter. Northern Trust Corp now owns 22,242,415 shares of the entertainment giant's stock worth $2,476,693,000 after acquiring an additional 2,096,431 shares during the period. Institutional investors own 65.71% of the company's stock.

Walt Disney Stock Down 2.1%

Shares of NYSE:DIS opened at $116.57 on Friday. The stock's 50-day moving average price is $118.76 and its two-hundred day moving average price is $107.72. The company has a current ratio of 0.67, a quick ratio of 0.61 and a debt-to-equity ratio of 0.34. The Walt Disney Company has a 12-month low of $80.10 and a 12-month high of $124.69. The firm has a market cap of $209.56 billion, a price-to-earnings ratio of 23.84, a PEG ratio of 1.74 and a beta of 1.56.

Walt Disney (NYSE:DIS - Get Free Report) last released its quarterly earnings data 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 analyst estimates of $23.15 billion. Walt Disney had a return on equity of 9.99% and a net margin of 9.47%. The company's revenue was up 7.0% compared to the same quarter last year. During the same period in the previous year, the company posted $1.21 EPS. On average, research analysts forecast that The Walt Disney Company will post 5.47 EPS for the current year.

Insider Activity 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 transaction of $110,840.00. Following the sale, 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 filing with the SEC, which can be accessed through this link. Insiders own 0.16% of the company's stock.

Wall Street Analysts Forecast Growth

DIS has been the subject of a number of research reports. Wolfe Research raised shares of Walt Disney from a "peer perform" rating to an "outperform" rating and set a $112.00 price objective for the company in a research note on Monday, April 21st. Jefferies Financial Group raised shares of Walt Disney from a "hold" rating to a "buy" rating and increased their price target for the company from $100.00 to $144.00 in a research report on Monday, June 30th. Rosenblatt Securities increased their price target on shares of Walt Disney from $135.00 to $140.00 and gave the company a "buy" rating in a research report on Tuesday, June 3rd. Citigroup increased their price target on shares of Walt Disney from $125.00 to $140.00 and gave the company a "buy" rating in a research report on Wednesday, July 9th. Finally, Barclays increased their price target on shares of Walt Disney from $120.00 to $140.00 and gave the company an "overweight" rating in a research report on Wednesday, July 9th. Five research 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's stock. According to data from MarketBeat.com, the stock currently has an average 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.

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