Trek Financial LLC Sells 20,587 Shares of The Walt Disney Company (NYSE:DIS)

Trek Financial LLC reduced its stake in shares of The Walt Disney Company (NYSE:DIS - Free Report) by 56.7% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 15,733 shares of the entertainment giant's stock after selling 20,587 shares during the quarter. Trek Financial LLC's holdings in Walt Disney were worth $1,553,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of DIS. Waterloo Capital L.P. raised its stake in shares of Walt Disney by 3.2% in the fourth quarter. Waterloo Capital L.P. now owns 3,138 shares of the entertainment giant's stock worth $349,000 after acquiring an additional 97 shares during the last quarter. Quadrant Capital Group LLC grew its position in shares of Walt Disney by 0.4% during the 4th quarter. Quadrant Capital Group LLC now owns 22,658 shares of the entertainment giant's stock worth $2,523,000 after buying an additional 98 shares during the period. Acorns Advisers LLC grew its position in shares of Walt Disney by 2.6% during the 4th quarter. Acorns Advisers LLC now owns 3,826 shares of the entertainment giant's stock worth $426,000 after buying an additional 98 shares during the period. Allegheny Financial Group grew its position in shares of Walt Disney by 2.3% during the 4th quarter. Allegheny Financial Group now owns 4,624 shares of the entertainment giant's stock worth $515,000 after buying an additional 106 shares during the period. Finally, 1620 Investment Advisors Inc. grew its holdings in Walt Disney by 1.8% during the fourth quarter. 1620 Investment Advisors Inc. now owns 6,236 shares of the entertainment giant's stock valued at $694,000 after purchasing an additional 108 shares during the period. 65.71% of the stock is owned by institutional investors.

Walt Disney Price Performance

Shares of DIS traded up $0.93 during mid-day trading on Thursday, reaching $121.54. The company had a trading volume of 6,884,396 shares, compared to its average volume of 10,012,746. The company's 50 day simple moving average is $113.74 and its 200 day simple moving average is $106.58. The Walt Disney Company has a 1-year low of $80.10 and a 1-year high of $124.69. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.61 and a current ratio of 0.67. The company has a market capitalization of $218.50 billion, a price-to-earnings ratio of 24.85, a P/E/G ratio of 1.76 and a beta of 1.56.

Walt Disney (NYSE:DIS - Get Free Report) last issued its quarterly earnings data on Wednesday, May 7th. The entertainment giant reported $1.45 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.21 by $0.24. The business had revenue of $23.62 billion during the quarter, compared to analyst estimates of $23.15 billion. Walt Disney had a net margin of 9.47% and a return on equity of 9.99%. The firm's quarterly revenue was up 7.0% on a year-over-year basis. During the same quarter last year, the business earned $1.21 EPS. Analysts expect that The Walt Disney Company will post 5.47 EPS for the current year.

Insider Transactions at Walt Disney

In other Walt Disney news, EVP Brent Woodford sold 1,000 shares of the firm's 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 transaction, the executive vice president owned 46,831 shares in the company, valued at approximately $5,190,748.04. This trade represents a 2.09% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.16% of the company's stock.

Analysts Set New Price Targets

A number of research analysts recently issued reports on DIS shares. Wolfe Research upgraded shares of Walt Disney from a "peer perform" rating to an "outperform" rating and set a $112.00 price objective for the company in a report on Monday, April 21st. Morgan Stanley increased their target price on shares of Walt Disney from $110.00 to $120.00 and gave the stock an "overweight" rating in a report on Thursday, May 8th. Loop Capital upped their price target 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. Rosenblatt Securities increased their price objective 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. Finally, Jefferies Financial Group raised shares of Walt Disney from a "hold" rating to a "buy" rating and increased their price objective for the company from $100.00 to $144.00 in a research report on Monday, June 30th. Five investment analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $127.35.

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.