Generali Investments Management Co LLC Decreases Stake in The Walt Disney Company (NYSE:DIS)

Generali Investments Management Co LLC lowered its stake in The Walt Disney Company (NYSE:DIS - Free Report) by 26.7% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 30,942 shares of the entertainment giant's stock after selling 11,253 shares during the period. Generali Investments Management Co LLC's holdings in Walt Disney were worth $3,054,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Brighton Jones LLC boosted its holdings in Walt Disney by 7.7% in the fourth quarter. Brighton Jones LLC now owns 26,767 shares of the entertainment giant's stock worth $2,980,000 after acquiring an additional 1,904 shares in the last quarter. Hager Investment Management Services LLC purchased a new stake in Walt Disney during the fourth quarter valued at $43,000. Y.D. More Investments Ltd increased its position in Walt Disney by 2,428.6% during the fourth quarter. Y.D. More Investments Ltd now owns 885 shares of the entertainment giant's stock valued at $99,000 after acquiring an additional 850 shares during the last quarter. Money Concepts Capital Corp increased its position in Walt Disney by 118.9% during the fourth quarter. Money Concepts Capital Corp now owns 7,787 shares of the entertainment giant's stock valued at $867,000 after acquiring an additional 4,230 shares during the last quarter. Finally, Absher Wealth Management LLC increased its position in Walt Disney by 2.2% in the fourth quarter. Absher Wealth Management LLC now owns 14,449 shares of the entertainment giant's stock worth $1,609,000 after buying an additional 308 shares in the last quarter. Hedge funds and other institutional investors own 65.71% of the company's stock.

Walt Disney Stock Performance

Shares of DIS traded up $1.42 during mid-day trading on Friday, hitting $113.95. 5,786,189 shares of the company's stock were exchanged, compared to its average volume of 10,015,956. The Walt Disney Company has a fifty-two week low of $80.10 and a fifty-two week high of $118.63. The firm has a market capitalization of $204.85 billion, a P/E ratio of 37.12, a P/E/G ratio of 1.80 and a beta of 1.49. The business's 50 day moving average is $98.47 and its two-hundred day moving average is $105.80. The company has a current ratio of 0.68, a quick ratio of 0.62 and a debt-to-equity ratio of 0.36.

Walt Disney (NYSE:DIS - Get Free Report) last announced its quarterly earnings data on Wednesday, May 7th. The entertainment giant reported $1.45 EPS for the quarter, beating analysts' consensus estimates of $1.21 by $0.24. Walt Disney had a net margin of 6.07% and a return on equity of 9.95%. The firm had revenue of $23.62 billion during the quarter, compared to the consensus estimate of $23.15 billion. During the same quarter last year, the firm earned $1.21 earnings per share. The firm's revenue was up 7.0% compared to the same quarter last year. On average, equities analysts expect that The Walt Disney Company will post 5.47 earnings per share for the current year.

Analyst Ratings Changes

DIS has been the subject of a number of analyst reports. Morgan Stanley upped their price target 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 dropped their price target on Walt Disney from $130.00 to $120.00 and set a "buy" rating for the company in a research note on Thursday, May 8th. Barclays raised their price objective on Walt Disney from $115.00 to $120.00 and gave the company an "overweight" rating in a research note on Thursday, May 8th. Wolfe Research upgraded 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. Finally, Needham & Company LLC restated a "buy" rating and set a $125.00 price objective on shares of Walt Disney in a report on Thursday, May 8th. Six investment analysts have rated the stock with a hold rating, seventeen have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, Walt Disney currently has an average rating of "Moderate Buy" and a consensus target price of $123.75.

Insiders Place Their Bets

In other Walt Disney news, EVP Brent Woodford sold 1,000 shares of Walt Disney stock in a transaction 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 now owns 46,831 shares in the company, valued at $5,190,748.04. This trade represents a 2.09% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.16% of the stock is owned by corporate insiders.

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.