The Walt Disney Company (NYSE:DIS) Shares Sold by Beach Investment Counsel Inc. PA

Beach Investment Counsel Inc. PA decreased its stake in shares of The Walt Disney Company (NYSE:DIS - Free Report) by 68.8% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 4,210 shares of the entertainment giant's stock after selling 9,299 shares during the period. Beach Investment Counsel Inc. PA's holdings in Walt Disney were worth $416,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of DIS. Mpwm Advisory Solutions LLC purchased a new position in shares of Walt Disney in the 4th quarter worth $27,000. FPC Investment Advisory Inc. acquired a new stake in Walt Disney during the fourth quarter worth about $28,000. Tacita Capital Inc increased its stake in Walt Disney by 93.2% during the fourth quarter. Tacita Capital Inc now owns 257 shares of the entertainment giant's stock worth $29,000 after acquiring an additional 124 shares during the last quarter. Pilgrim Partners Asia Pte Ltd purchased a new position in shares of Walt Disney in the 4th quarter worth about $32,000. Finally, Midwest Capital Advisors LLC acquired a new position in shares of Walt Disney in the 4th quarter valued at about $34,000. Institutional investors and hedge funds own 65.71% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the stock. Barclays increased their target price on shares of Walt Disney from $115.00 to $120.00 and gave the stock an "overweight" rating in a research report on Thursday, May 8th. Wolfe Research upgraded shares of Walt Disney from a "peer perform" rating to an "outperform" rating and set a $112.00 price objective for the company in a research note on Monday, April 21st. Needham & Company LLC reissued a "buy" rating and issued a $125.00 price objective on shares of Walt Disney in a research report on Thursday, May 8th. Rosenblatt Securities raised their target price on shares of Walt Disney from $135.00 to $140.00 and gave the company a "buy" rating in a research note on Tuesday, June 3rd. Finally, 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. Six analysts have rated the stock with a hold rating, seventeen have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $123.75.

Walt Disney Trading Up 1.3%

Shares of DIS opened at $113.95 on Friday. The Walt Disney Company has a one year low of $80.10 and a one year high of $118.63. The stock has a 50-day moving average price of $98.47 and a 200 day moving average price of $105.76. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.62 and a current ratio of 0.68. The company has a market capitalization of $204.85 billion, a P/E ratio of 37.12, a P/E/G ratio of 1.80 and a beta of 1.54.

Walt Disney (NYSE:DIS - Get Free Report) last announced its earnings results on Wednesday, May 7th. The entertainment giant reported $1.45 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.21 by $0.24. The company had revenue of $23.62 billion for the quarter, compared to analyst estimates of $23.15 billion. Walt Disney had a return on equity of 9.95% and a net margin of 6.07%. Walt Disney's quarterly revenue was up 7.0% on a year-over-year basis. During the same period in the prior year, the company posted $1.21 EPS. Sell-side analysts forecast that The Walt Disney Company will post 5.47 EPS for the current fiscal year.

Insider Buying and Selling

In other Walt Disney 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 completion of the transaction, the executive vice president now directly owns 46,831 shares of the company's stock, valued at $5,190,748.04. This trade represents a 2.09% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 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.

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