Morningstar Investment Services LLC Has $3.50 Million Stake in The Walt Disney Company (NYSE:DIS)

Morningstar Investment Services LLC lowered its position in shares of The Walt Disney Company (NYSE:DIS - Free Report) by 58.8% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 35,485 shares of the entertainment giant's stock after selling 50,581 shares during the quarter. Morningstar Investment Services LLC's holdings in Walt Disney were worth $3,502,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of DIS. Waterloo Capital L.P. lifted its stake in Walt Disney by 3.2% in the 4th quarter. Waterloo Capital L.P. now owns 3,138 shares of the entertainment giant's stock worth $349,000 after acquiring an additional 97 shares in the last quarter. Quadrant Capital Group LLC lifted its stake in Walt Disney by 0.4% in the 4th quarter. Quadrant Capital Group LLC now owns 22,658 shares of the entertainment giant's stock worth $2,523,000 after acquiring an additional 98 shares in the last quarter. Acorns Advisers LLC lifted its stake in Walt Disney by 2.6% in the 4th quarter. Acorns Advisers LLC now owns 3,826 shares of the entertainment giant's stock worth $426,000 after acquiring an additional 98 shares in the last quarter. Allegheny Financial Group raised its stake in shares of Walt Disney by 2.3% during the 4th quarter. Allegheny Financial Group now owns 4,624 shares of the entertainment giant's stock worth $515,000 after purchasing an additional 106 shares in the last quarter. Finally, 1620 Investment Advisors Inc. raised its stake in shares of Walt Disney by 1.8% during the 4th quarter. 1620 Investment Advisors Inc. now owns 6,236 shares of the entertainment giant's stock worth $694,000 after purchasing an additional 108 shares in the last quarter. 65.71% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Walt Disney

In other news, EVP Brent Woodford sold 1,000 shares of Walt Disney stock in a transaction that occurred on Tuesday, May 13th. The stock was sold at an average price of $110.84, for a total transaction of $110,840.00. Following the sale, the executive vice president owned 46,831 shares of the company's stock, valued at approximately $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 can be accessed through the SEC website. Insiders own 0.16% of the company's stock.

Analysts Set New Price Targets

DIS has been the subject of a number of recent research reports. Rosenblatt Securities raised their price target on Walt Disney from $135.00 to $140.00 and gave the stock a "buy" rating in a research note on Tuesday, June 3rd. Guggenheim raised their price target on Walt Disney from $120.00 to $140.00 and gave the stock a "buy" rating in a research note on Friday, June 27th. Wolfe Research raised Walt Disney from a "peer perform" rating to an "outperform" rating and set a $112.00 price target for the company in a research note on Monday, April 21st. Loop Capital raised their price target on Walt Disney from $125.00 to $130.00 and gave the stock a "buy" rating in a research note on Tuesday, June 10th. Finally, Morgan Stanley raised their price target on Walt Disney from $110.00 to $120.00 and gave the stock an "overweight" rating in a research note on Thursday, May 8th. Five research analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Walt Disney presently has an average rating of "Moderate Buy" and an average target price of $128.13.

Walt Disney Stock Performance

DIS traded down $0.85 during midday trading on Friday, reaching $121.36. The company's stock had a trading volume of 9,472,100 shares, compared to its average volume of 10,008,257. The stock has a market cap of $218.17 billion, a P/E ratio of 24.82, a PEG ratio of 1.78 and a beta of 1.56. The company has a fifty day simple moving average of $117.00 and a 200 day simple moving average of $106.97. 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 twelve month low of $80.10 and a twelve month high of $124.69.

Walt Disney (NYSE:DIS - Get Free Report) last released its earnings results on Wednesday, May 7th. The entertainment giant reported $1.45 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 last year, the firm posted $1.21 EPS. The company's 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.

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.