The Walt Disney Company (NYSE:DIS) Shares Sold by Opal Wealth Advisors LLC

Opal Wealth Advisors LLC reduced its position in The Walt Disney Company (NYSE:DIS - Free Report) by 28.9% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 6,102 shares of the entertainment giant's stock after selling 2,484 shares during the quarter. Opal Wealth Advisors LLC's holdings in Walt Disney were worth $602,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the stock. Robbins Farley boosted its position in Walt Disney by 0.7% in the 1st quarter. Robbins Farley now owns 33,869 shares of the entertainment giant's stock worth $3,343,000 after purchasing an additional 233 shares in the last quarter. Goldstone Financial Group LLC raised its stake in Walt Disney by 33.2% in the 1st quarter. Goldstone Financial Group LLC now owns 4,953 shares of the entertainment giant's stock valued at $489,000 after purchasing an additional 1,234 shares during the last quarter. Ipswich Investment Management Co. Inc. grew its holdings in Walt Disney by 4.1% in the 1st quarter. Ipswich Investment Management Co. Inc. now owns 6,420 shares of the entertainment giant's stock valued at $634,000 after buying an additional 250 shares in the last quarter. Krilogy Financial LLC grew its holdings in Walt Disney by 12.7% in the 1st quarter. Krilogy Financial LLC now owns 34,496 shares of the entertainment giant's stock valued at $3,405,000 after buying an additional 3,899 shares in the last quarter. Finally, Everhart Financial Group Inc. grew its holdings in shares of Walt Disney by 12.7% during the 1st quarter. Everhart Financial Group Inc. now owns 8,960 shares of the entertainment giant's stock worth $884,000 after purchasing an additional 1,010 shares during the period. 65.71% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on DIS shares. Morgan Stanley increased their price target on Walt Disney from $110.00 to $120.00 and gave the stock an "overweight" rating in a report on Thursday, May 8th. Rosenblatt Securities increased their price target on Walt Disney from $135.00 to $140.00 and gave the stock a "buy" rating in a report on Tuesday, June 3rd. Loop Capital increased their price target on Walt Disney from $125.00 to $130.00 and gave the stock a "buy" rating in a report on Tuesday, June 10th. Needham & Company LLC reiterated a "buy" rating and set a $125.00 price target on shares of Walt Disney in a report on Thursday, May 8th. Finally, Barclays raised their target price on Walt Disney from $115.00 to $120.00 and gave the company an "overweight" rating in a report on Thursday, May 8th. Six research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $123.96.

Walt Disney Price Performance

NYSE:DIS traded down $0.76 during trading hours on Friday, hitting $117.85. The company's stock had a trading volume of 13,143,189 shares, compared to its average volume of 10,094,029. The Walt Disney Company has a 52-week low of $80.10 and a 52-week high of $120.50. The company has a market capitalization of $211.86 billion, a PE ratio of 38.39, a PEG ratio of 1.80 and a beta of 1.54. The business's 50-day moving average is $101.58 and its two-hundred day moving average is $105.85. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.62 and a current ratio of 0.68.

Walt Disney (NYSE:DIS - Get Free Report) last announced its quarterly earnings results on Wednesday, May 7th. The entertainment giant reported $1.45 earnings per share for the quarter, beating analysts' consensus estimates of $1.21 by $0.24. Walt Disney had a return on equity of 9.95% and a net margin of 6.07%. The business had revenue of $23.62 billion during the quarter, compared to analysts' expectations of $23.15 billion. During the same quarter last year, the business posted $1.21 earnings per share. The business's revenue for the quarter was up 7.0% on a year-over-year basis. As a group, research analysts anticipate that The Walt Disney Company will post 5.47 EPS for the current fiscal year.

Insiders Place Their Bets

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 now directly owns 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. 0.16% of the stock is owned by corporate insiders.

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.