The Walt Disney Company (NYSE:DIS) Shares Sold by Patton Albertson Miller Group LLC

Patton Albertson Miller Group LLC cut its holdings in shares of The Walt Disney Company (NYSE:DIS - Free Report) by 35.8% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 33,954 shares of the entertainment giant's stock after selling 18,911 shares during the period. Patton Albertson Miller Group LLC's holdings in Walt Disney were worth $3,351,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the business. Norges Bank purchased a new stake in shares of Walt Disney in the 4th quarter valued at approximately $2,415,427,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main lifted its position in Walt Disney by 1,900.0% in the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 5,735,961 shares of the entertainment giant's stock worth $638,699,000 after buying an additional 5,449,158 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its position in Walt Disney by 75.8% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 10,858,108 shares of the entertainment giant's stock worth $1,209,050,000 after buying an additional 4,680,930 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in Walt Disney by 21.8% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 16,867,017 shares of the entertainment giant's stock worth $1,878,142,000 after buying an additional 3,016,339 shares in the last quarter. Finally, GAMMA Investing LLC lifted its position in Walt Disney by 10,567.3% in the 1st quarter. GAMMA Investing LLC now owns 2,450,702 shares of the entertainment giant's stock worth $241,884,000 after buying an additional 2,427,728 shares in the last quarter. 65.71% of the stock is owned by institutional investors and hedge funds.

Walt Disney Stock Up 2.0%

Walt Disney stock opened at $122.23 on Friday. The stock has a market capitalization of $219.74 billion, a PE ratio of 25.00, a price-to-earnings-growth ratio of 1.75 and a beta of 1.56. The Walt Disney Company has a twelve month low of $80.10 and a twelve month high of $124.69. 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 50 day moving average of $116.69 and a 200-day moving average of $106.94.

Walt Disney (NYSE:DIS - Get Free Report) last released its quarterly earnings results on Wednesday, May 7th. The entertainment giant reported $1.45 earnings per share for the quarter, beating the consensus estimate of $1.21 by $0.24. The company had revenue of $23.62 billion during 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% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.21 earnings per share. On average, equities research analysts anticipate that The Walt Disney Company will post 5.47 EPS for the current fiscal year.

Insider Activity at Walt Disney

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 value of $110,840.00. Following 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.16% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on DIS shares. Guggenheim increased their price target on shares of Walt Disney from $120.00 to $140.00 and gave the stock a "buy" rating in a research note on Friday, June 27th. Loop Capital increased their price target on shares of Walt Disney from $125.00 to $130.00 and gave the stock a "buy" rating in a research note on Tuesday, June 10th. Morgan Stanley raised their target price on shares of Walt Disney from $110.00 to $120.00 and gave the company an "overweight" rating in a research note on Thursday, May 8th. Rosenblatt Securities raised their target price 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. Finally, Barclays raised their target price on shares of Walt Disney from $120.00 to $140.00 and gave the company an "overweight" rating in a research note on Wednesday, July 9th. Five equities research analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat.com, Walt Disney presently has an average rating of "Moderate Buy" and a consensus target price of $128.13.

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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