The Walt Disney Company (NYSE:DIS) Shares Sold by Grimes & Company Inc.

Grimes & Company Inc. decreased its holdings in shares of The Walt Disney Company (NYSE:DIS - Free Report) by 1.5% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 161,327 shares of the entertainment giant's stock after selling 2,441 shares during the quarter. Grimes & Company Inc.'s holdings in Walt Disney were worth $15,923,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of DIS. FNY Investment Advisers LLC grew its stake in Walt Disney by 505.6% during the 1st quarter. FNY Investment Advisers LLC now owns 7,873 shares of the entertainment giant's stock valued at $777,000 after acquiring an additional 6,573 shares in the last quarter. QRG Capital Management Inc. lifted its stake in Walt Disney by 11.8% in the 1st quarter. QRG Capital Management Inc. now owns 163,064 shares of the entertainment giant's stock worth $16,094,000 after purchasing an additional 17,206 shares in the last quarter. Highline Wealth Partners LLC boosted its holdings in shares of Walt Disney by 2.5% during the 1st quarter. Highline Wealth Partners LLC now owns 10,003 shares of the entertainment giant's stock worth $987,000 after purchasing an additional 243 shares during the last quarter. Sagespring Wealth Partners LLC grew its position in shares of Walt Disney by 29.7% in the first quarter. Sagespring Wealth Partners LLC now owns 14,203 shares of the entertainment giant's stock valued at $1,402,000 after purchasing an additional 3,250 shares in the last quarter. Finally, Great Lakes Retirement Inc. increased its holdings in shares of Walt Disney by 11.3% in the first quarter. Great Lakes Retirement Inc. now owns 7,152 shares of the entertainment giant's stock valued at $706,000 after purchasing an additional 726 shares during the last quarter. Hedge funds and other institutional investors own 65.71% of the company's stock.

Walt Disney Stock Down 0.7%

NYSE DIS traded down $0.83 on Wednesday, hitting $117.30. 1,488,156 shares of the stock were exchanged, compared to its average volume of 10,054,611. The Walt Disney Company has a fifty-two week low of $80.10 and a fifty-two week high of $120.50. The company has a 50-day moving average price of $102.86 and a 200-day moving average price of $105.79. The company has a quick ratio of 0.61, a current ratio of 0.67 and a debt-to-equity ratio of 0.34. The company has a market cap of $210.88 billion, a PE ratio of 24.14, a PEG ratio of 1.75 and a beta of 1.54.

Walt Disney (NYSE:DIS - Get Free Report) last posted its earnings results on Wednesday, May 7th. The entertainment giant reported $1.45 EPS for the quarter, beating 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 firm had revenue of $23.62 billion for the quarter, compared to analyst estimates of $23.15 billion. During the same quarter in the prior year, the company posted $1.21 earnings per share. Walt Disney's revenue for the quarter was up 7.0% compared to the same quarter last year. Sell-side analysts anticipate that The Walt Disney Company will post 5.47 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on DIS. Rosenblatt Securities boosted their price objective on Walt Disney from $135.00 to $140.00 and gave the stock a "buy" rating in a research note on Tuesday, June 3rd. Loop Capital boosted their price target on shares of Walt Disney from $125.00 to $130.00 and gave the company a "buy" rating in a research report on Tuesday, June 10th. UBS Group upped their price objective on shares of Walt Disney from $105.00 to $120.00 and gave the company a "buy" rating in a report on Thursday, May 8th. Barclays raised their price objective 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. Finally, Wolfe Research upgraded shares of Walt Disney from a "peer perform" rating to an "outperform" rating and set a $112.00 target price on the stock in a report on Monday, April 21st. Six investment 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 company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $123.96.

Insider Buying and Selling

In other news, EVP Brent Woodford sold 1,000 shares of the business's stock in a transaction dated Tuesday, May 13th. The stock was sold at an average price of $110.84, for a total value of $110,840.00. Following the completion of the sale, the executive vice president now directly owns 46,831 shares of the company's stock, valued at approximately $5,190,748.04. The trade was a 2.09% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.16% of the stock is owned by company insiders.

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.