Sequoia Financial Advisors LLC Cuts Holdings in The Walt Disney Company (NYSE:DIS)

Sequoia Financial Advisors LLC reduced its stake in shares of The Walt Disney Company (NYSE:DIS - Free Report) by 6.5% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 104,166 shares of the entertainment giant's stock after selling 7,227 shares during the quarter. Sequoia Financial Advisors LLC's holdings in Walt Disney were worth $10,281,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of DIS. Norges Bank purchased a new position in Walt Disney in the 4th quarter worth approximately $2,415,427,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main grew its holdings in shares of Walt Disney by 1,900.0% in the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 5,735,961 shares of the entertainment giant's stock worth $638,699,000 after purchasing an additional 5,449,158 shares during the last quarter. Arrowstreet Capital Limited Partnership increased its stake in shares of Walt Disney by 75.8% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 10,858,108 shares of the entertainment giant's stock worth $1,209,050,000 after buying an additional 4,680,930 shares during the period. Raymond James Financial Inc. bought a new stake in Walt Disney during the 4th quarter valued at $358,151,000. Finally, Boston Partners purchased a new stake in Walt Disney during the 4th quarter valued at $350,707,000. Hedge funds and other institutional investors own 65.71% of the company's stock.

Walt Disney Stock Up 0.8%

DIS traded up $0.93 during midday trading on Friday, reaching $122.39. The company's stock had a trading volume of 13,368,267 shares, compared to its average volume of 10,111,109. The Walt Disney Company has a 1 year low of $80.10 and a 1 year high of $122.93. The stock's 50-day moving average is $107.50 and its 200-day moving average is $105.97. The firm has a market capitalization of $220.02 billion, a price-to-earnings ratio of 25.03, a PEG ratio of 1.75 and a beta of 1.54. The company has a current ratio of 0.67, a quick ratio of 0.61 and a debt-to-equity ratio of 0.34.

Walt Disney (NYSE:DIS - Get Free Report) last issued its quarterly earnings results on Wednesday, May 7th. The entertainment giant reported $1.45 EPS for the quarter, topping analysts' consensus estimates of $1.21 by $0.24. The firm had revenue of $23.62 billion for 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%. The business's revenue for the quarter was up 7.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.21 EPS. As a group, research analysts expect that The Walt Disney Company will post 5.47 EPS for the current year.

Wall Street Analyst Weigh In

A number of research firms have issued reports on DIS. Guggenheim boosted their price objective on shares of Walt Disney from $120.00 to $140.00 and gave the company a "buy" rating in a research report on Friday. Needham & Company LLC restated a "buy" rating and set a $125.00 price target on shares of Walt Disney in a report on Thursday, May 8th. Rosenblatt Securities upped their price target on Walt Disney from $135.00 to $140.00 and gave the company a "buy" rating in a research report on Tuesday, June 3rd. Loop Capital lifted their price objective on Walt Disney from $125.00 to $130.00 and gave the stock a "buy" rating in a research report on Tuesday, June 10th. Finally, Barclays upped 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 analysts have rated the stock with a hold rating, seventeen have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, Walt Disney currently has an average rating of "Moderate Buy" and an average price target of $124.79.

Insider Transactions at Walt Disney

In related news, EVP Brent Woodford sold 1,000 shares of the company's stock in a transaction dated Tuesday, May 13th. The shares were sold at an average price of $110.84, for a total value of $110,840.00. Following the transaction, the executive vice president now owns 46,831 shares in the company, valued at $5,190,748.04. The trade was a 2.09% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 0.16% of the company's stock.

Walt Disney 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.