The Walt Disney Company (NYSE:DIS) Shares Sold by Principal Financial Group Inc.

Principal Financial Group Inc. cut its holdings in The Walt Disney Company (NYSE:DIS - Free Report) by 0.2% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,039,041 shares of the entertainment giant's stock after selling 3,202 shares during the quarter. Principal Financial Group Inc. owned 0.11% of Walt Disney worth $201,253,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the business. Mpwm Advisory Solutions LLC purchased a new position in Walt Disney during the fourth quarter valued at $27,000. Kessler Investment Group LLC lifted its stake in Walt Disney by 274.0% in the 1st quarter. Kessler Investment Group LLC now owns 273 shares of the entertainment giant's stock valued at $27,000 after buying an additional 200 shares in the last quarter. Pilgrim Partners Asia Pte Ltd acquired a new stake in Walt Disney in the 4th quarter worth about $32,000. Copia Wealth Management purchased a new stake in Walt Disney during the 4th quarter worth approximately $36,000. Finally, Vision Financial Markets LLC purchased a new stake in Walt Disney during the 4th quarter worth approximately $39,000. 65.71% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, EVP Brent Woodford sold 1,000 shares of Walt Disney stock in a transaction on Tuesday, May 13th. The stock was 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 of the company's stock, valued at approximately $5,190,748.04. The trade was a 2.09% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 0.16% of the stock is owned by company insiders.

Analysts Set New Price Targets

DIS has been the topic of a number of research analyst reports. Loop Capital lifted their price target on Walt Disney from $125.00 to $130.00 and gave the stock a "buy" rating in a research note on Tuesday, June 10th. 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 note on Monday, April 21st. Jefferies Financial Group raised shares of Walt Disney from a "hold" rating to a "buy" rating and upped their target price for the stock from $100.00 to $144.00 in a report on Monday. Rosenblatt Securities raised their price target on shares of Walt Disney from $135.00 to $140.00 and gave the stock a "buy" rating in a research note on Tuesday, June 3rd. Finally, Morgan Stanley boosted their price target on shares of Walt Disney from $110.00 to $120.00 and gave the stock an "overweight" rating in a research report on Thursday, May 8th. Five 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 data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $125.83.

Walt Disney Trading Up 0.8%

DIS traded up $1.00 on Friday, hitting $123.98. The company had a trading volume of 4,252,305 shares, compared to its average volume of 10,037,800. The company's fifty day moving average price is $111.19 and its 200 day moving average price is $106.29. The Walt Disney Company has a 1 year low of $80.10 and a 1 year high of $124.69. The company has a current ratio of 0.67, a quick ratio of 0.61 and a debt-to-equity ratio of 0.34. The firm has a market cap of $222.88 billion, a P/E ratio of 25.35, a PEG ratio of 1.80 and a beta of 1.56.

Walt Disney (NYSE:DIS - Get Free Report) last issued its quarterly earnings data on Wednesday, May 7th. The entertainment giant reported $1.45 EPS for the quarter, topping the consensus estimate of $1.21 by $0.24. The firm had revenue of $23.62 billion for the quarter, compared to analyst estimates 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 in the prior year, the business posted $1.21 EPS. As a group, equities analysts expect that The Walt Disney Company will post 5.47 earnings per share for the current year.

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.