The Walt Disney Company (NYSE:DIS) Shares Sold by Western Wealth Management LLC

Western Wealth Management LLC decreased its holdings in shares of The Walt Disney Company (NYSE:DIS - Free Report) by 15.9% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 14,205 shares of the entertainment giant's stock after selling 2,679 shares during the quarter. Western Wealth Management LLC's holdings in Walt Disney were worth $1,402,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of DIS. Norges Bank purchased a new stake in shares of Walt Disney in the fourth quarter valued at approximately $2,415,427,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main raised its stake in Walt Disney by 1,900.0% during the fourth 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 purchasing an additional 5,449,158 shares during the period. Arrowstreet Capital Limited Partnership boosted its holdings 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 valued at $1,209,050,000 after purchasing an additional 4,680,930 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in shares of Walt Disney in the 4th quarter valued at approximately $358,151,000. Finally, Boston Partners acquired a new stake in shares of Walt Disney during the 4th quarter worth approximately $350,707,000. 65.71% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Walt Disney

In related news, EVP Brent Woodford sold 1,000 shares of the business's stock in a transaction dated Tuesday, May 13th. The stock was sold at an average price of $110.84, for a total value of $110,840.00. Following the transaction, the executive vice president now owns 46,831 shares in the company, valued at $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 available at the SEC website. 0.16% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

DIS has been the subject of several analyst reports. Needham & Company LLC reiterated a "buy" rating and issued a $125.00 price objective on shares of Walt Disney in a research report on Thursday, May 8th. Morgan Stanley raised 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. Rosenblatt Securities upped their target price on shares of Walt Disney from $135.00 to $140.00 and gave the company a "buy" rating in a research report on Tuesday, June 3rd. 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 note on Friday. Finally, Barclays boosted their price target on shares of Walt Disney from $115.00 to $120.00 and gave the company an "overweight" rating in a research note on Thursday, May 8th. Six analysts have rated the stock with a hold rating, seventeen have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, Walt Disney presently has an average rating of "Moderate Buy" and an average price target of $124.79.

Walt Disney Stock Up 0.8%

Shares of NYSE DIS traded up $0.93 during mid-day trading on Friday, hitting $122.39. The company had a trading volume of 13,368,267 shares, compared to its average volume of 10,111,109. The company has a market capitalization of $220.02 billion, a PE ratio of 25.03, a price-to-earnings-growth ratio of 1.75 and a beta of 1.54. The business's 50-day simple moving average is $107.50 and its 200 day simple moving average is $105.97. The Walt Disney Company has a 1-year low of $80.10 and a 1-year high of $122.93. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.67 and a quick ratio of 0.61.

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 analysts' consensus estimates of $1.21 by $0.24. The business had revenue of $23.62 billion for the quarter, compared to analysts' expectations of $23.15 billion. Walt Disney had a return on equity of 9.99% and a net margin of 9.47%. The business's revenue was up 7.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.21 earnings per share. On average, analysts predict 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.