The Walt Disney Company (NYSE:DIS) Shares Sold by Klingenstein Fields & Co. LP

Klingenstein Fields & Co. LP trimmed its holdings in shares of The Walt Disney Company (NYSE:DIS - Free Report) by 0.8% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 622,981 shares of the entertainment giant's stock after selling 5,221 shares during the period. Walt Disney comprises about 2.6% of Klingenstein Fields & Co. LP's portfolio, making the stock its 11th largest position. Klingenstein Fields & Co. LP's holdings in Walt Disney were worth $61,488,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in DIS. Mpwm Advisory Solutions LLC purchased a new position in Walt Disney during the fourth quarter valued at approximately $27,000. Kessler Investment Group LLC boosted its position in Walt Disney by 274.0% during the 1st quarter. Kessler Investment Group LLC now owns 273 shares of the entertainment giant's stock valued at $27,000 after acquiring an additional 200 shares in the last quarter. Tacita Capital Inc increased its holdings in shares of Walt Disney by 93.2% in the 4th quarter. Tacita Capital Inc now owns 257 shares of the entertainment giant's stock valued at $29,000 after acquiring an additional 124 shares during the period. Pilgrim Partners Asia Pte Ltd purchased a new position in shares of Walt Disney in the 4th quarter valued at $32,000. Finally, Copia Wealth Management bought a new position in shares of Walt Disney in the 4th quarter worth $36,000. Hedge funds and other institutional investors own 65.71% of the company's stock.

Analyst Ratings Changes

A number of brokerages recently weighed in on DIS. Rosenblatt Securities raised their price objective on Walt Disney from $135.00 to $140.00 and gave the company a "buy" rating in a research report on Tuesday, June 3rd. Needham & Company LLC restated a "buy" rating and issued a $125.00 price target on shares of Walt Disney in a report on Thursday, May 8th. Loop Capital lifted their price objective on shares of Walt Disney from $125.00 to $130.00 and gave the stock a "buy" rating in a research report on Tuesday, June 10th. Morgan Stanley boosted their price objective on shares of Walt Disney from $110.00 to $120.00 and gave the stock an "overweight" rating in a research note on Thursday, May 8th. Finally, UBS Group increased their target price on shares of Walt Disney from $105.00 to $120.00 and gave the company a "buy" rating in a research report on Thursday, May 8th. Five analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, Walt Disney currently has a consensus rating of "Moderate Buy" and a consensus target price of $125.79.

Insider Transactions at Walt Disney

In other Walt Disney 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 transaction of $110,840.00. Following the completion of the sale, 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 the SEC website. Corporate insiders own 0.16% of the company's stock.

Walt Disney Stock Performance

DIS traded down $0.51 on Wednesday, reaching $122.98. 7,314,209 shares of the stock were exchanged, compared to its average volume of 10,054,051. 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 company's 50-day moving average price is $109.80 and its 200 day moving average price is $106.10. The firm has a market capitalization of $221.09 billion, a PE ratio of 25.15, a PEG ratio of 1.81 and a beta of 1.56. The Walt Disney Company has a fifty-two week low of $80.10 and a fifty-two week high of $124.69.

Walt Disney (NYSE:DIS - Get Free Report) last released 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 firm had revenue of $23.62 billion during 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 company's revenue was up 7.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.21 earnings per share. As a group, sell-side analysts forecast that The Walt Disney Company will post 5.47 EPS for the current fiscal year.

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.