The Walt Disney Company (NYSE:DIS) Shares Sold by Trek Financial LLC

Trek Financial LLC decreased its holdings in shares of The Walt Disney Company (NYSE:DIS - Free Report) by 56.7% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor 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 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of DIS. Geode Capital Management LLC lifted its position in Walt Disney by 2.2% in the fourth quarter. Geode Capital Management LLC now owns 38,482,309 shares of the entertainment giant's stock valued at $4,272,590,000 after buying an additional 809,989 shares during the last quarter. Northern Trust Corp lifted its position in Walt Disney by 10.4% in the fourth quarter. Northern Trust Corp now owns 22,242,415 shares of the entertainment giant's stock valued at $2,476,693,000 after buying an additional 2,096,431 shares during the last quarter. Norges Bank acquired a new position in Walt Disney in the fourth quarter valued at about $2,415,427,000. Bank of New York Mellon Corp lifted its position in Walt Disney by 4.2% in the first quarter. Bank of New York Mellon Corp now owns 17,821,361 shares of the entertainment giant's stock valued at $1,758,968,000 after buying an additional 717,066 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in Walt Disney by 21.8% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 16,867,017 shares of the entertainment giant's stock valued at $1,878,142,000 after buying an additional 3,016,339 shares during the last quarter. Hedge funds and other institutional investors own 65.71% of the company's stock.

Walt Disney Stock Performance

Shares of DIS stock traded down $1.07 during trading hours on Wednesday, hitting $120.75. The stock had a trading volume of 6,711,795 shares, compared to its average volume of 10,012,347. The firm has a market capitalization of $217.08 billion, a PE ratio of 24.69, a PEG ratio of 1.80 and a beta of 1.56. The Walt Disney Company has a twelve month low of $80.10 and a twelve month high of $124.69. The stock's 50 day moving average is $113.14 and its 200 day moving average is $106.49. 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 issued its quarterly earnings results on Wednesday, May 7th. The entertainment giant reported $1.45 earnings per share for the quarter, topping the consensus estimate of $1.21 by $0.24. Walt Disney had a return on equity of 9.99% and a net margin of 9.47%. The firm had revenue of $23.62 billion during the quarter, compared to the consensus estimate of $23.15 billion. During the same period last year, the company earned $1.21 earnings per share. The company's revenue for the quarter was up 7.0% on a year-over-year basis. As a group, research analysts forecast that The Walt Disney Company will post 5.47 earnings per share for the current fiscal year.

Insider Buying and Selling at Walt Disney

In related news, EVP Brent Woodford sold 1,000 shares of the stock in a transaction on Tuesday, May 13th. The stock was 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 of the company's stock, valued at $5,190,748.04. This trade represents a 2.09% decrease in their ownership of the stock. 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 currently owned by corporate insiders.

Analyst Ratings Changes

A number of research analysts have commented on DIS shares. Barclays upped their target price on shares of Walt Disney from $120.00 to $140.00 and gave the company an "overweight" rating in a research report on Wednesday. Needham & Company LLC reissued a "buy" rating and set a $125.00 price target on shares of Walt Disney in a research report on Thursday, May 8th. UBS Group increased their price target on shares of Walt Disney from $105.00 to $120.00 and gave the stock a "buy" rating in a research report on Thursday, May 8th. Wolfe Research raised shares of Walt Disney from a "peer perform" rating to an "outperform" rating and set a $112.00 price target on the stock in a research report on Monday, April 21st. Finally, Guggenheim upped 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, June 27th. Five analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the company 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.