Yacktman Asset Management LP Sells 30,257 Shares of The Walt Disney Company (NYSE:DIS)

Yacktman Asset Management LP lessened its holdings in The Walt Disney Company (NYSE:DIS - Free Report) by 2.0% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,477,267 shares of the entertainment giant's stock after selling 30,257 shares during the quarter. Walt Disney accounts for approximately 1.9% of Yacktman Asset Management LP's holdings, making the stock its 23rd largest holding. Yacktman Asset Management LP owned 0.08% of Walt Disney worth $145,806,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the business. Mpwm Advisory Solutions LLC purchased a new position in shares of Walt Disney in the fourth quarter worth about $27,000. Kessler Investment Group LLC grew its holdings in 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 shares of Walt Disney in the fourth quarter worth approximately $32,000. Copia Wealth Management acquired a new stake in shares of Walt Disney in the fourth quarter worth approximately $36,000. Finally, Vermillion Wealth Management Inc. acquired a new stake in shares of Walt Disney in the fourth quarter worth approximately $39,000. Institutional investors and hedge funds own 65.71% of the company's stock.

Walt Disney Stock Up 0.5%

NYSE DIS traded up $0.64 during trading on Thursday, hitting $121.25. 2,537,026 shares of the company traded hands, compared to its average volume of 9,987,383. The Walt Disney Company has a 12 month low of $80.10 and a 12 month high of $124.69. The business has a fifty day simple moving average of $113.74 and a 200 day simple moving average of $106.58. 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 capitalization of $217.98 billion, a P/E ratio of 24.81, a PEG ratio of 1.78 and a beta of 1.56.

Walt Disney (NYSE:DIS - Get Free Report) last issued 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 the consensus estimate 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 was up 7.0% compared to the same quarter last year. During the same period last year, the business posted $1.21 earnings per share. As a group, sell-side analysts predict that The Walt Disney Company will post 5.47 EPS for the current year.

Insider Buying and Selling

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 completion of the transaction, the executive vice president owned 46,831 shares in the company, valued at approximately $5,190,748.04. The trade was a 2.09% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 0.16% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

DIS has been the topic of a number of recent research reports. Rosenblatt Securities boosted their price objective on Walt Disney from $135.00 to $140.00 and gave the stock a "buy" rating in a research note on Tuesday, June 3rd. Morgan Stanley boosted their price objective on Walt Disney from $110.00 to $120.00 and gave the stock an "overweight" rating in a research note on Thursday, May 8th. Citigroup boosted their price objective on Walt Disney from $125.00 to $140.00 and gave the stock a "buy" rating in a research note on Wednesday. Jefferies Financial Group raised Walt Disney from a "hold" rating to a "buy" rating and boosted their price objective for the stock from $100.00 to $144.00 in a research note on Monday, June 30th. Finally, Barclays boosted their price objective on Walt Disney from $120.00 to $140.00 and gave the stock an "overweight" rating in a research note on Wednesday. Five equities research analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Walt Disney presently has an average rating of "Moderate Buy" and a consensus target price of $127.35.

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.