The Walt Disney Company (NYSE:DIS) Position Reduced by Trek Financial LLC

Trek Financial LLC reduced its position in shares of The Walt Disney Company (NYSE:DIS - Free Report) by 56.7% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). 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 quarter.

Other hedge funds have also recently made changes to their positions in the company. Mpwm Advisory Solutions LLC bought a new position in shares of Walt Disney during the fourth quarter valued at about $27,000. Kessler Investment Group LLC grew its holdings 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 buying an additional 200 shares during the last quarter. Pilgrim Partners Asia Pte Ltd bought a new position in Walt Disney during the fourth quarter valued at approximately $32,000. Copia Wealth Management purchased a new stake in Walt Disney in the fourth quarter worth approximately $36,000. Finally, Vermillion Wealth Management Inc. bought a new position in Walt Disney in the fourth quarter worth approximately $39,000. 65.71% of the stock is currently owned by hedge funds and other institutional investors.

Walt Disney Stock Up 0.6%

Shares of DIS traded up $0.68 during mid-day trading on Thursday, reaching $121.29. 2,537,026 shares of the stock traded hands, compared to its average volume of 9,987,383. The firm has a market cap of $218.05 billion, a price-to-earnings ratio of 24.81, a P/E/G ratio of 1.78 and a beta of 1.56. The stock has a fifty day simple moving average of $113.74 and a 200 day simple moving average of $106.58. The Walt Disney Company has a 12-month low of $80.10 and a 12-month high of $124.69. The company has a quick ratio of 0.61, a current ratio of 0.67 and a debt-to-equity ratio of 0.34.

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 (EPS) for the quarter, topping 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 business's revenue was up 7.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.21 earnings per share. Sell-side analysts expect that The Walt Disney Company will post 5.47 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, EVP Brent Woodford sold 1,000 shares of the company's stock in a transaction dated 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 represents a 2.09% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.16% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several analysts have recently commented on the stock. Rosenblatt Securities raised 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. Loop Capital raised their target price on shares of Walt Disney from $125.00 to $130.00 and gave the stock a "buy" rating in a report on Tuesday, June 10th. 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. Guggenheim boosted their price target on shares of Walt Disney from $120.00 to $140.00 and gave the company a "buy" rating in a report on Friday, June 27th. Finally, Citigroup lifted their price objective on shares of Walt Disney from $125.00 to $140.00 and gave the stock a "buy" rating in a research report on Wednesday. Five research 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 company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $127.35.

About Walt Disney

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.