Means Investment CO. Inc. Sells 2,847 Shares of The Walt Disney Company (NYSE:DIS)

Means Investment CO. Inc. decreased its holdings in The Walt Disney Company (NYSE:DIS - Free Report) by 15.8% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 15,126 shares of the entertainment giant's stock after selling 2,847 shares during the period. Means Investment CO. Inc.'s holdings in Walt Disney were worth $1,493,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of DIS. Brighton Jones LLC grew its stake in shares of Walt Disney by 7.7% during the fourth quarter. Brighton Jones LLC now owns 26,767 shares of the entertainment giant's stock worth $2,980,000 after buying an additional 1,904 shares during the last quarter. Convergence Investment Partners LLC grew its position in Walt Disney by 12.7% during the 4th quarter. Convergence Investment Partners LLC now owns 3,080 shares of the entertainment giant's stock worth $343,000 after acquiring an additional 346 shares during the last quarter. Jessup Wealth Management Inc bought a new stake in Walt Disney during the 4th quarter worth $316,000. Private Wealth Partners LLC grew its position in Walt Disney by 4.0% during the 4th quarter. Private Wealth Partners LLC now owns 104,316 shares of the entertainment giant's stock worth $11,616,000 after acquiring an additional 4,057 shares during the last quarter. Finally, Corps Capital Advisors LLC bought a new stake in Walt Disney during the 4th quarter worth $295,000. Institutional investors own 65.71% of the company's stock.

Insiders Place Their Bets

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

Wall Street Analyst Weigh In

Several research firms have recently weighed in on DIS. Wolfe Research upgraded Walt Disney from a "peer perform" rating to an "outperform" rating and set a $112.00 price target on the stock in a report on Monday, April 21st. Barclays boosted their target price on shares of Walt Disney from $115.00 to $120.00 and gave the stock an "overweight" rating in a report on Thursday, May 8th. Rosenblatt Securities boosted their target price on shares of Walt Disney from $135.00 to $140.00 and gave the stock a "buy" rating in a report on Tuesday, June 3rd. UBS Group boosted their price objective on shares of Walt Disney from $105.00 to $120.00 and gave the stock a "buy" rating in a research note on Thursday, May 8th. Finally, Guggenheim reduced their price objective on shares of Walt Disney from $130.00 to $120.00 and set a "buy" rating on the stock in a research note on Thursday, May 8th. Six equities research analysts have rated the stock with a hold rating, seventeen have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $123.96.

Walt Disney Trading Down 0.2%

Shares of Walt Disney stock traded down $0.25 on Friday, reaching $117.61. 17,150,479 shares of the company's stock were exchanged, compared to its average volume of 10,129,150. The company has a market capitalization of $211.44 billion, a P/E ratio of 24.05, a price-to-earnings-growth ratio of 1.73 and a beta of 1.54. The Walt Disney Company has a 52 week low of $80.10 and a 52 week high of $120.50. The firm's 50-day moving average is $104.69 and its two-hundred day moving average is $105.88. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.61 and a current ratio of 0.67.

Walt Disney (NYSE:DIS - Get Free Report) last released its quarterly earnings data on Wednesday, May 7th. The entertainment giant reported $1.45 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.21 by $0.24. The company 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 revenue was up 7.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.21 EPS. Sell-side analysts predict that The Walt Disney Company will post 5.47 EPS for the current fiscal year.

Walt Disney Company 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.