Pzena Investment Management LLC decreased its holdings in shares of The Walt Disney Company (NYSE:DIS - Free Report) by 60.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,544 shares of the entertainment giant's stock after selling 3,962 shares during the quarter. Pzena Investment Management LLC's holdings in Walt Disney were worth $251,000 at the end of the most recent quarter.
A number of other hedge funds also recently modified their holdings of DIS. Mpwm Advisory Solutions LLC acquired a new stake in shares of Walt Disney during the fourth quarter worth $27,000. Kessler Investment Group LLC increased its position in Walt Disney by 274.0% during the first quarter. Kessler Investment Group LLC now owns 273 shares of the entertainment giant's stock worth $27,000 after buying an additional 200 shares during the last quarter. Pilgrim Partners Asia Pte Ltd acquired a new position in shares of Walt Disney in the fourth quarter valued at approximately $32,000. Copia Wealth Management acquired a new stake in Walt Disney during the fourth quarter worth approximately $36,000. Finally, Vermillion Wealth Management Inc. acquired a new stake in Walt Disney during the fourth quarter worth approximately $39,000. Institutional investors own 65.71% of the company's stock.
Wall Street Analysts Forecast Growth
DIS has been the subject of several research reports. Barclays raised their target price on Walt Disney from $120.00 to $140.00 and gave the company an "overweight" rating in a research note on Wednesday, July 9th. Jefferies Financial Group upgraded Walt Disney from a "hold" rating to a "buy" rating and lifted their price target for the company from $100.00 to $144.00 in a research note on Monday, June 30th. Loop Capital lifted their price target on Walt Disney from $125.00 to $130.00 and gave the company a "buy" rating in a research note on Tuesday, June 10th. Wall Street Zen upgraded Walt Disney from a "buy" rating to a "strong-buy" rating in a research note on Saturday, July 12th. Finally, Guggenheim lifted their price target on Walt Disney from $120.00 to $140.00 and gave the company a "buy" rating in a research note on Friday, June 27th. Five research analysts have rated the stock with a hold rating, eighteen have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $128.13.
Check Out Our Latest Stock Report on Walt Disney
Walt Disney Stock Performance
DIS traded down $0.85 during trading on Friday, hitting $121.36. The stock had a trading volume of 9,472,100 shares, compared to its average volume of 10,005,428. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.61 and a current ratio of 0.67. The firm has a market capitalization of $218.17 billion, a P/E ratio of 24.82, a PEG ratio of 1.79 and a beta of 1.56. The company's 50-day moving average price is $117.00 and its 200 day moving average price is $107.00. The Walt Disney Company has a twelve month low of $80.10 and a twelve month high of $124.69.
Walt Disney (NYSE:DIS - Get Free Report) last posted 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. Walt Disney had a net margin of 9.47% and a return on equity of 9.99%. The business had revenue of $23.62 billion for the quarter, compared to analysts' expectations of $23.15 billion. During the same period in the prior year, the company posted $1.21 EPS. The business's revenue for the quarter was up 7.0% on a year-over-year basis. On average, equities research analysts forecast that The Walt Disney Company will post 5.47 EPS for the current fiscal year.
Insider Transactions at Walt Disney
In other news, EVP Brent Woodford sold 1,000 shares of the stock in a transaction dated Tuesday, May 13th. The shares were sold at an average price of $110.84, for a total transaction of $110,840.00. Following the transaction, the executive vice president directly owned 46,831 shares in the company, valued at $5,190,748.04. This represents a 2.09% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 0.16% of the company's stock.
Walt Disney Company Profile
(
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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