Navellier & Associates Inc. Sells 3,038 Shares of The Walt Disney Company (NYSE:DIS)

Key Points

• Navellier & Associates Inc. sold 3,038 shares of Walt Disney, reducing its stake by 44.2% to 3,833 shares, valued at $353,000.
• Several institutional investors, including Brighton Jones LLC and New Age Alpha Advisors LLC, have increased their holdings in Walt Disney, with Brighton Jones raising its stake by 7.7%.
• Walt Disney's stock currently has an average rating of "Moderate Buy" and a consensus price target of $128.13, following various analyst upgrades and adjustments.

Navellier & Associates Inc. cut its position in shares of The Walt Disney Company (NYSE:DIS - Free Report) by 44.2% during the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 3,833 shares of the entertainment giant's stock after selling 3,038 shares during the quarter. Navellier & Associates Inc.'s holdings in Walt Disney were worth $353,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of DIS. Geode Capital Management LLC raised its holdings in shares of Walt Disney by 2.2% during the fourth quarter. Geode Capital Management LLC now owns 38,482,309 shares of the entertainment giant's stock worth $4,272,590,000 after acquiring an additional 809,989 shares in the last quarter. Northern Trust Corp raised its holdings in Walt Disney by 10.4% during the fourth quarter. Northern Trust Corp now owns 22,242,415 shares of the entertainment giant's stock valued at $2,476,693,000 after buying an additional 2,096,431 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in Walt Disney by 4.2% during the first quarter. Bank of New York Mellon Corp now owns 17,821,361 shares of the entertainment giant's stock valued at $1,758,968,000 after buying an additional 717,066 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in 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 buying an additional 3,016,339 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD raised its holdings in Walt Disney by 1.8% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 11,136,276 shares of the entertainment giant's stock valued at $1,240,025,000 after buying an additional 192,871 shares in the last quarter. 65.71% of the stock is owned by institutional investors.

Walt Disney Stock Performance

NYSE:DIS traded down $0.27 during mid-day trading on Wednesday, hitting $119.65. The stock had a trading volume of 944,653 shares, compared to its average volume of 9,733,547. The Walt Disney Company has a twelve month low of $80.10 and a twelve month high of $124.69. The stock has a market cap of $215.09 billion, a price-to-earnings ratio of 24.47, a PEG ratio of 1.76 and a beta of 1.56. The company's 50 day simple moving average is $118.28 and its 200 day simple moving average is $107.51. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.61 and a current ratio of 0.67.

Walt Disney (NYSE:DIS - Get Free Report) last issued its quarterly earnings data on Wednesday, May 7th. The entertainment giant reported $1.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.21 by $0.24. The firm had revenue of $23.62 billion during the quarter, compared to the consensus estimate of $23.15 billion. Walt Disney had a net margin of 9.47% and a return on equity of 9.99%. The business's revenue for the quarter was up 7.0% compared to the same quarter last year. During the same period last year, the business posted $1.21 earnings per share. On average, equities research analysts forecast that The Walt Disney Company will post 5.47 earnings per share for the current year.

Insider Transactions at Walt Disney

In other news, EVP Brent Woodford sold 1,000 shares of Walt Disney stock in a transaction that occurred on Tuesday, May 13th. The shares were sold at an average price of $110.84, for a total value of $110,840.00. Following the completion of the sale, the executive vice president directly owned 46,831 shares in the company, valued at approximately $5,190,748.04. The trade was a 2.09% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.16% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

DIS has been the topic of a number of recent analyst reports. Wall Street Zen lowered Walt Disney from a "strong-buy" rating to a "buy" rating in a research note on Sunday, July 20th. JPMorgan Chase & Co. lifted their price objective on Walt Disney from $130.00 to $138.00 and gave the stock an "overweight" rating in a research note on Tuesday. Citigroup lifted their price objective on Walt Disney from $125.00 to $140.00 and gave the stock a "buy" rating in a research note on Wednesday, July 9th. Guggenheim lifted their target price on Walt Disney from $120.00 to $140.00 and gave the stock a "buy" rating in a research report on Friday, June 27th. Finally, Barclays lifted their target price on Walt Disney from $120.00 to $140.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 9th. Five research analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $128.70.

Walt Disney Company Profile

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.