Quattro Financial Advisors LLC Cuts Stock Holdings in The Walt Disney Company (NYSE:DIS)

Quattro Financial Advisors LLC reduced its stake in shares of The Walt Disney Company (NYSE:DIS - Free Report) by 42.5% in the first quarter, according to its most recent filing with the SEC. The fund owned 20,330 shares of the entertainment giant's stock after selling 15,000 shares during the period. Quattro Financial Advisors LLC's holdings in Walt Disney were worth $2,007,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the stock. Waterloo Capital L.P. lifted its holdings in shares of Walt Disney by 3.2% during 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 during the last quarter. Quadrant Capital Group LLC lifted its holdings in shares of Walt Disney by 0.4% during 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 during the last quarter. Acorns Advisers LLC lifted its holdings in shares of Walt Disney by 2.6% during 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 during the last quarter. Allegheny Financial Group lifted its holdings 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 acquiring an additional 106 shares during the last quarter. Finally, 1620 Investment Advisors Inc. lifted its holdings 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 acquiring an additional 108 shares during the last quarter. 65.71% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have weighed in on DIS. Wolfe Research raised shares of 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. Barclays boosted their price target on shares of Walt Disney from $115.00 to $120.00 and gave the stock an "overweight" rating in a research note on Thursday, May 8th. Jefferies Financial Group raised shares of Walt Disney from a "hold" rating to a "buy" rating and boosted their price target for the stock from $100.00 to $144.00 in a research note on Monday, June 30th. UBS Group boosted their price target 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, Loop Capital boosted 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. Five investment analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $125.83.

Walt Disney Trading Up 0.8%

Shares of NYSE DIS traded up $1.00 during midday trading on Friday, hitting $123.98. 4,252,305 shares of the company traded hands, compared to its average volume of 10,043,772. The Walt Disney Company has a 12-month low of $80.10 and a 12-month high of $124.69. 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 stock has a 50-day moving average price of $111.87 and a 200 day moving average price of $106.37. The firm has a market cap of $222.88 billion, a P/E ratio of 21.60, a P/E/G ratio of 1.81 and a beta of 1.56.

Walt Disney (NYSE:DIS - Get Free Report) last announced its quarterly earnings results on Wednesday, May 7th. The entertainment giant reported $1.45 earnings per share (EPS) for the quarter, beating the consensus estimate 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%. Walt Disney's quarterly revenue was up 7.0% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.21 earnings per share. As a group, analysts expect that The Walt Disney Company will post 5.47 earnings per share for the current year.

Insiders Place Their Bets

In other Walt Disney news, EVP Brent Woodford sold 1,000 shares of the company's stock in a transaction dated 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 in the company, 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 this link. Company insiders own 0.16% of the company's stock.

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.