The Walt Disney Company (NYSE:DIS) Shares Sold by Commonwealth Equity Services LLC

Commonwealth Equity Services LLC lessened its holdings in shares of The Walt Disney Company (NYSE:DIS - Free Report) by 0.5% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 911,709 shares of the entertainment giant's stock after selling 4,650 shares during the period. Commonwealth Equity Services LLC owned approximately 0.05% of Walt Disney worth $89,986,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Argent Trust Co raised its stake in Walt Disney by 1.8% in the first quarter. Argent Trust Co now owns 64,430 shares of the entertainment giant's stock valued at $6,359,000 after buying an additional 1,133 shares during the last quarter. Liberty Wealth Management LLC increased its holdings in shares of Walt Disney by 214.3% during the first quarter. Liberty Wealth Management LLC now owns 23,949 shares of the entertainment giant's stock valued at $2,364,000 after acquiring an additional 16,328 shares in the last quarter. Bank of Nova Scotia Trust Co. raised its position in shares of Walt Disney by 5.3% in the 1st quarter. Bank of Nova Scotia Trust Co. now owns 49,074 shares of the entertainment giant's stock valued at $4,844,000 after purchasing an additional 2,486 shares during the last quarter. J. Safra Sarasin Holding AG raised its position in shares of Walt Disney by 8.1% in the 1st quarter. J. Safra Sarasin Holding AG now owns 222,747 shares of the entertainment giant's stock valued at $21,983,000 after purchasing an additional 16,781 shares during the last quarter. Finally, R Squared Ltd boosted its stake in Walt Disney by 13,291.7% in the 1st quarter. R Squared Ltd now owns 16,070 shares of the entertainment giant's stock worth $1,586,000 after purchasing an additional 15,950 shares in the last quarter. Institutional investors and hedge funds own 65.71% of the company's stock.

Insiders Place Their Bets

In other Walt Disney news, EVP Brent Woodford sold 1,000 shares of the 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 transaction, the executive vice president directly owned 46,831 shares of the company's stock, valued at $5,190,748.04. This trade represents a 2.09% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.16% of the company's stock.

Walt Disney Stock Performance

Shares of DIS stock opened at $116.57 on Monday. 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 Walt Disney Company has a 12-month low of $80.10 and a 12-month high of $124.69. The business's 50 day moving average is $118.76 and its two-hundred day moving average is $107.73. The company has a market capitalization of $209.56 billion, a P/E ratio of 23.84, a P/E/G ratio of 1.71 and a beta of 1.56.

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 for the quarter, topping the consensus estimate of $1.21 by $0.24. Walt Disney had a return on equity of 9.99% and a net margin of 9.47%. The business had revenue of $23.62 billion during the quarter, compared to the consensus estimate of $23.15 billion. During the same period in the prior year, the company posted $1.21 EPS. The business's quarterly revenue was up 7.0% on a year-over-year basis. Analysts expect that The Walt Disney Company will post 5.47 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on DIS. Citigroup upped their price target on shares of Walt Disney from $125.00 to $140.00 and gave the company a "buy" rating in a research note on Wednesday, July 9th. JPMorgan Chase & Co. upped their target price on Walt Disney from $130.00 to $138.00 and gave the company an "overweight" rating in a research report on Tuesday, July 29th. Needham & Company LLC reaffirmed a "buy" rating and set a $125.00 price target on shares of Walt Disney in a research report on Thursday, May 8th. Morgan Stanley boosted their price target on Walt Disney from $110.00 to $120.00 and gave the company an "overweight" rating in a research note on Thursday, May 8th. Finally, UBS Group raised their price objective on Walt Disney from $120.00 to $138.00 and gave the stock a "buy" rating in a research note on Wednesday, July 16th. Five analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $128.70.

About Walt Disney

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.