Stratos Wealth Advisors LLC Decreases Holdings in The Walt Disney Company (NYSE:DIS)

Stratos Wealth Advisors LLC trimmed its position in shares of The Walt Disney Company (NYSE:DIS - Free Report) by 18.7% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 15,807 shares of the entertainment giant's stock after selling 3,633 shares during the period. Stratos Wealth Advisors LLC's holdings in Walt Disney were worth $1,560,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in DIS. Norges Bank bought a new position in Walt Disney during the 4th quarter valued at about $2,415,427,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main grew its stake in Walt Disney by 1,900.0% in the 4th 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 acquiring an additional 5,449,158 shares in the last quarter. Arrowstreet Capital Limited Partnership grew its stake in Walt Disney by 75.8% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 10,858,108 shares of the entertainment giant's stock worth $1,209,050,000 after acquiring an additional 4,680,930 shares in the last quarter. Boston Partners bought a new position in Walt Disney in the 4th quarter worth about $350,707,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in Walt Disney by 21.8% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 16,867,017 shares of the entertainment giant's stock worth $1,878,142,000 after acquiring an additional 3,016,339 shares in the last quarter. 65.71% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have commented on DIS shares. Needham & Company LLC restated a "buy" rating and issued a $125.00 target price on shares of Walt Disney in a research note on Thursday, May 8th. Jefferies Financial Group raised shares of Walt Disney from a "hold" rating to a "buy" rating and upped their price target for the stock from $100.00 to $144.00 in a research report on Monday, June 30th. Barclays upped their price target on shares of Walt Disney from $120.00 to $140.00 and gave the stock an "overweight" rating in a research report on Wednesday. UBS Group upped their price target on shares of Walt Disney from $105.00 to $120.00 and gave the stock a "buy" rating in a research report on Thursday, May 8th. Finally, Morgan Stanley upped 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, eighteen have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $127.35.

Walt Disney Stock Performance

Walt Disney stock traded down $1.74 during mid-day trading on Friday, reaching $119.82. 6,106,925 shares of the company traded hands, compared to its average volume of 9,997,225. The company has a market capitalization of $215.41 billion, a price-to-earnings ratio of 24.50, a price-to-earnings-growth ratio of 1.76 and a beta of 1.56. The Walt Disney Company has a fifty-two week low of $80.10 and a fifty-two week high of $124.69. The firm's fifty day moving average is $114.35 and its two-hundred day moving average is $106.65. 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 data 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 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 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 earnings per share. On average, equities research analysts expect that The Walt Disney Company will post 5.47 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, EVP Brent Woodford sold 1,000 shares of the firm's stock in a transaction on Tuesday, May 13th. The shares were sold at an average price of $110.84, for a total transaction of $110,840.00. Following the sale, the executive vice president owned 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate 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.