Mn Services Vermogensbeheer B.V. Sells 49,600 Shares of The Walt Disney Company (NYSE:DIS)

Mn Services Vermogensbeheer B.V. lessened its stake in shares of The Walt Disney Company (NYSE:DIS - Free Report) by 6.8% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 674,570 shares of the entertainment giant's stock after selling 49,600 shares during the quarter. Mn Services Vermogensbeheer B.V.'s holdings in Walt Disney were worth $66,580,000 at the end of the most recent reporting period.

Other hedge funds have also recently 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 purchasing an additional 1,904 shares during the period. Bogart Wealth LLC grew its holdings in Walt Disney by 20.8% during the fourth quarter. Bogart Wealth LLC now owns 2,896 shares of the entertainment giant's stock valued at $323,000 after purchasing an additional 498 shares during the last quarter. Walkner Condon Financial Advisors LLC grew its position in shares of Walt Disney by 5.7% in the fourth quarter. Walkner Condon Financial Advisors LLC now owns 2,691 shares of the entertainment giant's stock valued at $300,000 after purchasing an additional 146 shares during the last quarter. Root Financial Partners LLC acquired a new position in Walt Disney during the 4th quarter valued at $218,000. Finally, Banque Pictet & Cie SA raised its holdings in Walt Disney by 3.8% in the 4th quarter. Banque Pictet & Cie SA now owns 22,560 shares of the entertainment giant's stock valued at $2,512,000 after acquiring an additional 820 shares in the last quarter. 65.71% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Walt Disney

In other news, EVP Brent Woodford sold 1,000 shares of the company's stock in a transaction dated Tuesday, May 13th. The shares were sold at an average price of $110.84, for a total value of $110,840.00. Following the sale, the executive vice president now directly owns 46,831 shares of the company's stock, valued at approximately $5,190,748.04. This represents a 2.09% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.16% of the company's stock.

Walt Disney Stock Down 0.3%

Walt Disney stock traded down $0.41 during mid-day trading on Wednesday, reaching $117.72. The company's stock had a trading volume of 7,975,762 shares, compared to its average volume of 10,079,014. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.61 and a current ratio of 0.67. The Walt Disney Company has a 12 month low of $80.10 and a 12 month high of $120.50. The business's 50 day simple moving average is $102.86 and its 200 day simple moving average is $105.79. The company has a market capitalization of $211.64 billion, a price-to-earnings ratio of 24.07, a price-to-earnings-growth ratio of 1.75 and a beta of 1.54.

Walt Disney (NYSE:DIS - Get Free Report) last announced 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. Walt Disney had a return on equity of 9.99% and a net margin of 9.47%. The company had revenue of $23.62 billion during the quarter, compared to analysts' expectations of $23.15 billion. During the same quarter last year, the company earned $1.21 EPS. Walt Disney's revenue for the quarter was up 7.0% compared to the same quarter last year. As a group, research analysts anticipate that The Walt Disney Company will post 5.47 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research analysts have commented on DIS shares. UBS Group raised their price target on shares of Walt Disney from $105.00 to $120.00 and gave the stock a "buy" rating in a research note on Thursday, May 8th. Morgan Stanley upped their price target on Walt Disney from $110.00 to $120.00 and gave the company an "overweight" rating in a research note on Thursday, May 8th. Barclays lifted 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. Loop Capital lifted their price objective on Walt Disney from $125.00 to $130.00 and gave the stock a "buy" rating in a research note on Tuesday, June 10th. Finally, Rosenblatt Securities increased their target price on Walt Disney from $135.00 to $140.00 and gave the company a "buy" rating in a research note on Tuesday, June 3rd. Six equities research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, Walt Disney currently has an average rating of "Moderate Buy" and an average price target of $123.96.

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.