Rossby Financial LCC Has $463,000 Holdings in The Walt Disney Company (NYSE:DIS)

Rossby Financial LCC lessened its position in shares of The Walt Disney Company (NYSE:DIS - Free Report) by 47.3% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 5,125 shares of the entertainment giant's stock after selling 4,607 shares during the quarter. Rossby Financial LCC's holdings in Walt Disney were worth $463,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the business. Mpwm Advisory Solutions LLC acquired a new position in shares of Walt Disney during the fourth quarter worth $27,000. Tacita Capital Inc increased its position in Walt Disney by 93.2% during the 4th quarter. Tacita Capital Inc now owns 257 shares of the entertainment giant's stock worth $29,000 after purchasing an additional 124 shares during the period. Kessler Investment Group LLC lifted its stake in shares of Walt Disney by 274.0% in the first quarter. Kessler Investment Group LLC now owns 273 shares of the entertainment giant's stock valued at $27,000 after purchasing an additional 200 shares during the period. Pilgrim Partners Asia Pte Ltd acquired a new stake in Walt Disney in the fourth quarter valued at $32,000. Finally, Copia Wealth Management acquired a new stake in shares of Walt Disney in the fourth quarter valued at approximately $36,000. Institutional investors and hedge funds own 65.71% of the company's stock.

Walt Disney Stock Down 0.4%

DIS traded down $0.51 during trading on Wednesday, reaching $122.98. 7,314,209 shares of the stock traded hands, compared to its average volume of 10,054,046. The stock's 50-day simple moving average is $109.80 and its two-hundred day simple moving average is $106.10. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.67 and a quick ratio of 0.61. The Walt Disney Company has a fifty-two week low of $80.10 and a fifty-two week high of $124.69. The stock has a market cap of $221.09 billion, a price-to-earnings ratio of 25.15, a price-to-earnings-growth ratio of 1.81 and a beta of 1.56.

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

Wall Street Analysts Forecast Growth

A number of analysts recently commented on DIS shares. Morgan Stanley lifted their price objective on Walt Disney from $110.00 to $120.00 and gave the stock an "overweight" rating in a research report on Thursday, May 8th. Guggenheim increased their target price on shares of Walt Disney from $120.00 to $140.00 and gave the stock a "buy" rating in a research report on Friday, June 27th. Loop Capital raised their target price on Walt Disney from $125.00 to $130.00 and gave the company a "buy" rating in a report on Tuesday, June 10th. Needham & Company LLC reissued a "buy" rating and issued a $125.00 price objective on shares of Walt Disney in a research report on Thursday, May 8th. Finally, Wolfe Research raised shares of 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. Five research analysts have rated the stock with a hold rating, eighteen have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $125.79.

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 shares were sold at an average price of $110.84, for a total value of $110,840.00. Following the transaction, the executive vice president owned 46,831 shares of the company's stock, valued at $5,190,748.04. This trade represents a 2.09% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.16% of the stock is owned by corporate insiders.

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.