Phoenix Financial Ltd. Sells 9,208 Shares of The Walt Disney Company (NYSE:DIS)

Key Points

• Phoenix Financial Ltd. reduced its stake in The Walt Disney Company by 9.5% during the first quarter, leaving it with 87,916 shares valued at approximately $8.68 million.
• Institutional investors own 65.71% of Disney's stock, with multiple firms adjusting their holdings, including Brighton Jones LLC increasing theirs by 7.7%.
• Analysts have raised their target prices for Disney shares, with Citigroup and Barclays both increasing their targets to $140.00, and the consensus rating for the stock is currently a "Moderate Buy."

Phoenix Financial Ltd. cut its holdings in The Walt Disney Company (NYSE:DIS - Free Report) by 9.5% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 87,916 shares of the entertainment giant's stock after selling 9,208 shares during the quarter. Phoenix Financial Ltd.'s holdings in Walt Disney were worth $8,684,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of the stock. Equitable Trust Co. lifted its position in shares of Walt Disney by 4.9% during the 1st quarter. Equitable Trust Co. now owns 10,993 shares of the entertainment giant's stock valued at $1,085,000 after buying an additional 510 shares during the last quarter. Drive Wealth Management LLC increased its stake in shares of Walt Disney by 2.6% during the first quarter. Drive Wealth Management LLC now owns 5,799 shares of the entertainment giant's stock valued at $572,000 after buying an additional 148 shares during the period. Caliber Wealth Management LLC KS purchased a new position in shares of Walt Disney during the first quarter valued at approximately $1,008,000. Trilogy Capital Inc. grew its stake in Walt Disney by 35.1% in the first quarter. Trilogy Capital Inc. now owns 3,672 shares of the entertainment giant's stock worth $362,000 after purchasing an additional 955 shares during the period. Finally, Denver PWM LLC grew its stake in shares of Walt Disney by 77.8% in the first quarter. Denver PWM LLC now owns 2,585 shares of the entertainment giant's stock worth $255,000 after acquiring an additional 1,131 shares during the last quarter. Institutional investors own 65.71% of the company's stock.

Insiders Place Their Bets

In other Walt Disney news, EVP Brent Woodford sold 1,000 shares of the business's 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 completion of the transaction, the executive vice president directly owned 46,831 shares in the company, valued at approximately $5,190,748.04. The trade was a 2.09% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 0.16% of the company's stock.

Walt Disney Price Performance

NYSE:DIS traded down $0.91 during trading hours on Monday, hitting $120.56. 2,734,998 shares of the stock were exchanged, compared to its average volume of 9,797,437. The Walt Disney Company has a 52-week low of $80.10 and a 52-week high of $124.69. 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 company has a market cap of $216.73 billion, a P/E ratio of 24.67, a P/E/G ratio of 1.78 and a beta of 1.56. The firm's fifty day moving average price is $117.97 and its 200 day moving average price is $107.34.

Walt Disney (NYSE:DIS - Get Free Report) last issued its quarterly earnings data on Wednesday, May 7th. The entertainment giant reported $1.45 earnings per share for the quarter, topping the consensus estimate of $1.21 by $0.24. The company had revenue of $23.62 billion during the quarter, compared to analyst estimates of $23.15 billion. Walt Disney had a return on equity of 9.99% and a net margin of 9.47%. The firm's revenue for the quarter was up 7.0% compared to the same quarter last year. During the same period in the prior year, the business posted $1.21 earnings per share. As a group, equities research analysts anticipate that The Walt Disney Company will post 5.47 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

DIS has been the topic of a number of recent research reports. Morgan Stanley increased their target price on Walt Disney from $110.00 to $120.00 and gave the company an "overweight" rating in a report on Thursday, May 8th. Wall Street Zen lowered Walt Disney from a "strong-buy" rating to a "buy" rating in a research note on Sunday, July 20th. Wolfe Research raised Walt Disney from a "peer perform" rating to an "outperform" rating and set a $112.00 target price for the company in a research report on Monday, April 21st. Rosenblatt Securities lifted their price target on Walt Disney from $135.00 to $140.00 and gave the company a "buy" rating in a report on Tuesday, June 3rd. Finally, Citigroup boosted their target price on Walt Disney from $125.00 to $140.00 and gave the stock a "buy" rating in a research note on Wednesday, July 9th. Five analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $128.13.

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.