Trek Financial LLC Lowers Stock Position in The Walt Disney Company (NYSE:DIS)

Trek Financial LLC trimmed its holdings in shares of The Walt Disney Company (NYSE:DIS - Free Report) by 56.7% during the first quarter, according to the company in 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 period. Trek Financial LLC's holdings in Walt Disney were worth $1,553,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of DIS. Mpwm Advisory Solutions LLC bought a new stake in shares of Walt Disney in the 4th quarter valued at approximately $27,000. Kessler Investment Group LLC grew its stake in shares of Walt Disney by 274.0% during 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 last quarter. Pilgrim Partners Asia Pte Ltd bought a new stake in shares of Walt Disney during the fourth quarter worth approximately $32,000. Copia Wealth Management acquired a new stake in shares of Walt Disney during the fourth quarter worth $36,000. Finally, Vermillion Wealth Management Inc. bought a new stake in Walt Disney during the 4th quarter worth approximately $39,000. Institutional investors and hedge funds own 65.71% of the company's stock.

Insiders Place Their Bets

In other Walt Disney news, EVP Brent Woodford sold 1,000 shares of the business's stock in a transaction that occurred 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 transaction, the executive vice president owned 46,831 shares in the company, valued at $5,190,748.04. The trade was a 2.09% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.16% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

DIS has been the topic of several research analyst reports. Wolfe Research upgraded Walt Disney from a "peer perform" rating to an "outperform" rating and set a $112.00 price objective on the stock in a research note on Monday, April 21st. Guggenheim raised their price target on shares of Walt Disney from $120.00 to $140.00 and gave the stock a "buy" rating in a report on Friday, June 27th. Barclays lifted their target price on shares of Walt Disney from $120.00 to $140.00 and gave the stock an "overweight" rating in a research report on Wednesday. Loop Capital increased their price objective on Walt Disney from $125.00 to $130.00 and gave the stock a "buy" rating in a research report on Tuesday, June 10th. Finally, 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. Five investment 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. Based on data from MarketBeat, Walt Disney has an average rating of "Moderate Buy" and a consensus price target of $127.35.

Walt Disney Stock Performance

Shares of DIS traded down $1.74 during trading hours on Friday, hitting $119.82. The company's stock had a trading volume of 6,107,613 shares, compared to its average volume of 9,997,239. The Walt Disney Company has a 52-week low of $80.10 and a 52-week high of $124.69. The business has a 50 day simple moving average of $114.35 and a two-hundred day simple moving average of $106.65. 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 has a market cap of $215.41 billion, a price-to-earnings ratio of 24.50, a PEG ratio of 1.76 and a beta of 1.56.

Walt Disney (NYSE:DIS - Get Free Report) last released its quarterly earnings results on Wednesday, May 7th. The entertainment giant reported $1.45 earnings per share for the quarter, beating the consensus estimate of $1.21 by $0.24. Walt Disney had a net margin of 9.47% and a return on equity of 9.99%. The business had revenue of $23.62 billion for the quarter, compared to analysts' expectations of $23.15 billion. During the same quarter in the previous year, the business posted $1.21 earnings per share. The firm's revenue for the quarter 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 fiscal year.

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.