Mizuho Securities USA LLC trimmed its holdings in shares of The Walt Disney Company (NYSE:DIS - Free Report) by 15.7% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 144,749 shares of the entertainment giant's stock after selling 26,887 shares during the period. Mizuho Securities USA LLC's holdings in Walt Disney were worth $14,287,000 as of its most recent SEC filing.
A number of other hedge funds have also modified their holdings of the business. Pandora Wealth Inc. purchased a new position in shares of Walt Disney during the 1st quarter worth approximately $97,000. Fiduciary Family Office LLC purchased a new position in shares of Walt Disney during the 1st quarter worth approximately $885,000. Taylor Financial Group Inc. raised its stake in Walt Disney by 10.7% in the 1st quarter. Taylor Financial Group Inc. now owns 5,161 shares of the entertainment giant's stock valued at $509,000 after purchasing an additional 500 shares during the last quarter. Manhattan West Asset Management LLC raised its stake in Walt Disney by 6.0% in the 1st quarter. Manhattan West Asset Management LLC now owns 23,350 shares of the entertainment giant's stock valued at $2,305,000 after purchasing an additional 1,325 shares during the last quarter. Finally, Lcnb Corp raised its stake in Walt Disney by 2.0% in the 1st quarter. Lcnb Corp now owns 8,973 shares of the entertainment giant's stock valued at $886,000 after purchasing an additional 175 shares during the last quarter. 65.71% of the stock is owned by hedge funds and other institutional investors.
Insider Activity at Walt Disney
In related news, EVP Brent Woodford sold 1,000 shares of Walt Disney 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 sale, the executive vice president owned 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 transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.16% of the company's stock.
Analyst Ratings Changes
DIS has been the subject of several analyst reports. Needham & Company LLC reissued a "buy" rating and issued a $125.00 target price on shares of Walt Disney in a research note on Thursday. Wolfe Research upgraded shares of Walt Disney from a "peer perform" rating to an "outperform" rating and set a $112.00 target price on the stock in a research report on Monday, April 21st. Evercore ISI raised their target price on shares of Walt Disney from $134.00 to $140.00 and gave the stock an "outperform" rating in a research report on Monday, August 4th. Loop Capital raised their target price on shares of Walt Disney from $125.00 to $130.00 and gave the stock a "buy" rating in a research report on Tuesday, June 10th. Finally, Rosenblatt Securities raised their target price on shares of Walt Disney from $135.00 to $140.00 and gave the stock a "buy" rating in a research report on Tuesday, June 3rd. Five analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $131.14.
Check Out Our Latest Stock Analysis on DIS
Walt Disney Trading Down 0.4%
Shares of DIS stock traded down $0.48 during mid-day trading on Friday, reaching $112.40. The company's stock had a trading volume of 9,487,697 shares, compared to its average volume of 8,751,555. The company's 50 day simple moving average is $119.16 and its 200-day simple moving average is $108.00. 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 0.72 and a debt-to-equity ratio of 0.32. The firm has a market capitalization of $202.07 billion, a PE ratio of 17.62, a price-to-earnings-growth ratio of 1.62 and a beta of 1.56.
Walt Disney (NYSE:DIS - Get Free Report) last issued its earnings results on Wednesday, August 6th. The entertainment giant reported $1.61 EPS for the quarter, beating analysts' consensus estimates of $1.45 by $0.16. Walt Disney had a net margin of 12.22% and a return on equity of 9.67%. The business had revenue of $23.65 billion for the quarter, compared to the consensus estimate of $23.69 billion. During the same quarter last year, the firm posted $1.39 EPS. The business's revenue for the quarter was up 2.1% compared to the same quarter last year. On average, research analysts predict that The Walt Disney Company will post 5.47 EPS for the current fiscal year.
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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