The Walt Disney Company (NYSE:DIS) Shares Sold by PFG Investments LLC

PFG Investments LLC decreased its position in The Walt Disney Company (NYSE:DIS - Free Report) by 23.6% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 40,398 shares of the entertainment giant's stock after selling 12,462 shares during the quarter. PFG Investments LLC's holdings in Walt Disney were worth $3,987,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in the company. Onefund LLC raised its stake in Walt Disney by 2.0% in the 4th quarter. Onefund LLC now owns 4,856 shares of the entertainment giant's stock valued at $541,000 after purchasing an additional 93 shares during the last quarter. Boston Financial Mangement LLC increased its stake in shares of Walt Disney by 1.5% during the 4th quarter. Boston Financial Mangement LLC now owns 6,287 shares of the entertainment giant's stock valued at $700,000 after acquiring an additional 94 shares during the last quarter. GPM Growth Investors Inc. increased its stake in shares of Walt Disney by 4.3% during the 4th quarter. GPM Growth Investors Inc. now owns 2,342 shares of the entertainment giant's stock valued at $261,000 after acquiring an additional 96 shares during the last quarter. Waterloo Capital L.P. increased its stake in shares of Walt Disney by 3.2% during the 4th quarter. Waterloo Capital L.P. now owns 3,138 shares of the entertainment giant's stock valued at $349,000 after acquiring an additional 97 shares during the last quarter. Finally, Quadrant Capital Group LLC increased its stake in shares of Walt Disney by 0.4% during the 4th quarter. Quadrant Capital Group LLC now owns 22,658 shares of the entertainment giant's stock valued at $2,523,000 after acquiring an additional 98 shares during the last quarter. Institutional investors and hedge funds own 65.71% of the company's stock.

Analyst Ratings Changes

A number of research analysts have recently commented on the stock. Needham & Company LLC reaffirmed a "buy" rating and set a $125.00 price objective on shares of Walt Disney in a research note on Thursday, May 8th. Guggenheim dropped their price objective on shares of Walt Disney from $130.00 to $120.00 and set a "buy" rating for the company in a research note on Thursday, May 8th. Loop Capital upped their price objective on shares of Walt Disney from $125.00 to $130.00 and gave the company a "buy" rating in a research note on Tuesday, June 10th. Morgan Stanley boosted their target price on Walt Disney from $110.00 to $120.00 and gave the stock an "overweight" rating in a report on Thursday, May 8th. Finally, Wolfe Research upgraded Walt Disney from a "peer perform" rating to an "outperform" rating and set a $112.00 target price for the company in a report on Monday, April 21st. Six investment analysts have rated the stock with a hold rating, seventeen have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, Walt Disney currently has an average rating of "Moderate Buy" and a consensus target price of $123.96.

Walt Disney Stock Down 0.2%

NYSE DIS traded down $0.25 on Friday, reaching $117.61. The company had a trading volume of 17,150,479 shares, compared to its average volume of 10,113,022. The firm has a market capitalization of $211.44 billion, a PE ratio of 24.05, a P/E/G ratio of 1.72 and a beta of 1.54. The Walt Disney Company has a 1 year low of $80.10 and a 1 year high of $120.50. The firm has a 50-day moving average of $104.69 and a 200-day moving average of $105.80. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.67 and a quick ratio of 0.61.

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

Insider Activity

In other news, EVP Brent Woodford sold 1,000 shares of the stock in a transaction that occurred on Tuesday, May 13th. The stock was sold at an average price of $110.84, for a total transaction of $110,840.00. Following the completion of the transaction, the executive vice president now directly owns 46,831 shares in the company, valued at approximately $5,190,748.04. This represents a 2.09% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Company insiders own 0.16% of the company's stock.

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.