DAVENPORT & Co LLC Sells 3,389 Shares of The Walt Disney Company (NYSE:DIS)

DAVENPORT & Co LLC decreased its stake in shares of The Walt Disney Company (NYSE:DIS - Free Report) by 1.9% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 174,168 shares of the entertainment giant's stock after selling 3,389 shares during the period. DAVENPORT & Co LLC's holdings in Walt Disney were worth $17,190,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of DIS. Sumitomo Mitsui DS Asset Management Company Ltd boosted its stake in Walt Disney by 5.2% during the first quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 461,151 shares of the entertainment giant's stock worth $45,516,000 after acquiring an additional 22,931 shares in the last quarter. Lansing Street Advisors lifted its holdings in shares of Walt Disney by 11.5% during the first quarter. Lansing Street Advisors now owns 2,320 shares of the entertainment giant's stock valued at $229,000 after purchasing an additional 239 shares during the last quarter. Cidel Asset Management Inc. boosted its position in shares of Walt Disney by 2.7% in the 1st quarter. Cidel Asset Management Inc. now owns 9,571 shares of the entertainment giant's stock worth $945,000 after purchasing an additional 249 shares in the last quarter. RKL Wealth Management LLC purchased a new stake in shares of Walt Disney in the 1st quarter worth approximately $426,000. Finally, JNBA Financial Advisors grew its stake in shares of Walt Disney by 3.0% in the 1st quarter. JNBA Financial Advisors now owns 15,451 shares of the entertainment giant's stock worth $1,525,000 after buying an additional 450 shares during the last quarter. Hedge funds and other institutional investors own 65.71% of the company's stock.

Analyst Upgrades and Downgrades

DIS has been the topic of several analyst reports. Rosenblatt Securities boosted their target price on Walt Disney from $135.00 to $140.00 and gave the stock a "buy" rating in a report on Tuesday, June 3rd. Needham & Company LLC reaffirmed a "buy" rating and issued a $125.00 price target on shares of Walt Disney in a research report on Thursday, May 8th. Jefferies Financial Group upgraded 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 note on Monday. UBS Group raised their price objective on shares of Walt Disney from $105.00 to $120.00 and gave the company a "buy" rating in a research note on Thursday, May 8th. Finally, Guggenheim lifted their target price on shares of Walt Disney from $120.00 to $140.00 and gave the stock a "buy" rating in a report on Friday, June 27th. Five analysts have rated the stock with a hold rating, seventeen have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $125.83.

Walt Disney Stock Performance

DIS stock traded up $1.00 during trading on Friday, reaching $123.98. The stock had a trading volume of 4,252,305 shares, compared to its average volume of 10,037,800. The firm has a market cap of $222.88 billion, a PE ratio of 25.35, a PEG ratio of 1.80 and a beta of 1.56. 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 stock's 50 day moving average is $111.19 and its two-hundred day moving average is $106.29. The Walt Disney Company has a 52 week low of $80.10 and a 52 week high of $124.69.

Walt Disney (NYSE:DIS - Get Free Report) last issued its quarterly earnings data 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. The firm had revenue of $23.62 billion for the quarter, compared to analysts' expectations 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% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.21 EPS. As a group, equities analysts anticipate that The Walt Disney Company will post 5.47 earnings per share for the current year.

Insiders Place Their Bets

In other news, EVP Brent Woodford sold 1,000 shares of the business'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 sale, the executive vice president owned 46,831 shares of the company's stock, valued at $5,190,748.04. The trade was a 2.09% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 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.