Parallel Advisors LLC cut its position in shares of The Walt Disney Company (NYSE:DIS - Free Report) by 28.9% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 57,554 shares of the entertainment giant's stock after selling 23,353 shares during the quarter. Parallel Advisors LLC's holdings in Walt Disney were worth $5,680,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Mpwm Advisory Solutions LLC acquired a new stake in Walt Disney in the 4th quarter valued at $27,000. FPC Investment Advisory Inc. acquired a new stake in shares of Walt Disney in the fourth quarter valued at about $28,000. Tacita Capital Inc raised its holdings in shares of Walt Disney by 93.2% during the 4th quarter. Tacita Capital Inc now owns 257 shares of the entertainment giant's stock valued at $29,000 after buying an additional 124 shares during the period. Pilgrim Partners Asia Pte Ltd acquired a new position in Walt Disney during the 4th quarter worth approximately $32,000. Finally, Midwest Capital Advisors LLC purchased a new position in Walt Disney in the 4th quarter worth approximately $34,000. 65.71% of the stock is currently owned by institutional investors and hedge funds.
Insider Buying and Selling
In other Walt Disney news, EVP Brent Woodford sold 1,000 shares of the firm's 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 sale, the executive vice president now owns 46,831 shares in the company, valued at approximately $5,190,748.04. This trade represents a 2.09% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.16% of the stock is owned by company insiders.
Analyst Upgrades and Downgrades
A number of research firms have recently commented on DIS. Wolfe Research raised 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. Loop Capital boosted their price objective on shares of Walt Disney from $120.00 to $125.00 and gave the stock a "buy" rating in a report on Thursday, May 8th. The Goldman Sachs Group raised their target price on Walt Disney from $137.00 to $139.00 and gave the company a "buy" rating in a research note on Tuesday, February 4th. Guggenheim dropped their target price on Walt Disney from $130.00 to $120.00 and set a "buy" rating on the stock in a research report on Thursday, May 8th. Finally, Morgan Stanley raised their price objective on Walt Disney from $110.00 to $120.00 and gave the company an "overweight" rating in a research note on Thursday, May 8th. Six equities 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. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $123.54.
Get Our Latest Research Report on DIS
Walt Disney Stock Performance
Shares of NYSE DIS traded up $1.03 during midday trading on Friday, hitting $113.05. The company's stock had a trading volume of 12,878,557 shares, compared to its average volume of 10,048,260. The Walt Disney Company has a 1-year low of $80.10 and a 1-year high of $118.63. The firm's fifty day moving average price is $97.05 and its 200-day moving average price is $105.66. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.62 and a current ratio of 0.68. The firm has a market cap of $203.24 billion, a P/E ratio of 36.82, a P/E/G ratio of 1.80 and a beta of 1.49.
Walt Disney (NYSE:DIS - Get Free Report) last issued its earnings results on Wednesday, May 7th. The entertainment giant reported $1.45 EPS 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 company had revenue of $23.62 billion during the quarter, compared to the consensus estimate of $23.15 billion. During the same period in the previous year, the firm posted $1.21 earnings per share. Walt Disney's quarterly revenue was up 7.0% compared to the same quarter last year. On average, sell-side analysts forecast 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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