The Walt Disney Company (NYSE:DIS) Shares Sold by L.M. Kohn & Company

L.M. Kohn & Company trimmed its stake in shares of The Walt Disney Company (NYSE:DIS - Free Report) by 15.5% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 13,467 shares of the entertainment giant's stock after selling 2,477 shares during the period. L.M. Kohn & Company's holdings in Walt Disney were worth $1,329,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of DIS. Onefund LLC boosted its holdings in Walt Disney by 2.0% in the 4th quarter. Onefund LLC now owns 4,856 shares of the entertainment giant's stock worth $541,000 after buying an additional 93 shares during the last quarter. Boston Financial Mangement LLC lifted its position in shares of Walt Disney by 1.5% in the fourth quarter. Boston Financial Mangement LLC now owns 6,287 shares of the entertainment giant's stock valued at $700,000 after acquiring an additional 94 shares in the last quarter. GPM Growth Investors Inc. boosted its stake in shares of Walt Disney by 4.3% in the fourth quarter. GPM Growth Investors Inc. now owns 2,342 shares of the entertainment giant's stock worth $261,000 after acquiring an additional 96 shares during the last quarter. WealthCare Investment Partners LLC boosted its stake in shares of Walt Disney by 4.1% in the fourth quarter. WealthCare Investment Partners LLC now owns 2,460 shares of the entertainment giant's stock worth $273,000 after acquiring an additional 97 shares during the last quarter. Finally, Waterloo Capital L.P. increased its position in shares of Walt Disney by 3.2% during the fourth quarter. Waterloo Capital L.P. now owns 3,138 shares of the entertainment giant's stock worth $349,000 after purchasing an additional 97 shares in the last quarter. Institutional investors and hedge funds own 65.71% of the company's stock.

Insider Activity at Walt Disney

In other news, EVP Brent Woodford sold 1,000 shares of the stock in a transaction dated 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 now owns 46,831 shares of the company's stock, valued at approximately $5,190,748.04. This represents a 2.09% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.16% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of brokerages have weighed in on DIS. Guggenheim decreased their price objective on Walt Disney from $130.00 to $120.00 and set a "buy" rating on the stock in a report on Thursday, May 8th. Wolfe Research raised shares of Walt Disney from a "peer perform" rating to an "outperform" rating and set a $112.00 price target on the stock in a research note on Monday, April 21st. Rosenblatt Securities upped their price objective 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. Barclays increased their price objective on shares of Walt Disney from $115.00 to $120.00 and gave the company an "overweight" rating in a report on Thursday, May 8th. Finally, Needham & Company LLC restated a "buy" rating and set a $125.00 target price on shares of Walt Disney in a report on Thursday, May 8th. Six investment analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat, Walt Disney presently has an average rating of "Moderate Buy" and a consensus price target of $123.96.

Walt Disney Stock Down 0.3%

Walt Disney stock opened at $117.72 on Friday. The company has a market capitalization of $211.64 billion, a PE ratio of 24.07, a price-to-earnings-growth ratio of 1.73 and a beta of 1.54. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.61 and a current ratio of 0.67. The Walt Disney Company has a fifty-two week low of $80.10 and a fifty-two week high of $120.50. The firm has a 50 day moving average price of $104.04 and a 200 day moving average price of $105.87.

Walt Disney (NYSE:DIS - Get Free Report) last released its quarterly earnings results on Wednesday, May 7th. The entertainment giant reported $1.45 EPS 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 analyst estimates of $23.15 billion. During the same period last year, the business posted $1.21 earnings per share. The company's quarterly revenue was up 7.0% on a year-over-year basis. Research analysts expect that The Walt Disney Company will post 5.47 earnings per share for the current year.

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.

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