Trillium Asset Management LLC Sells 80,397 Shares of The Walt Disney Company (NYSE:DIS)

Key Points

• Trillium Asset Management LLC significantly reduced its holdings in Walt Disney by 93.1% in Q1, now owning 5,943 shares valued at $587,000.
• Several institutional investors, including Vanguard Group Inc. and Northern Trust Corp, have increased their positions in Walt Disney, contributing to institutional ownership of 65.71%.
• Analysts have set a range of price targets for Disney, with a general consensus rating of "Moderate Buy" and an average target price of $131.18.

Trillium Asset Management LLC lowered its stake in The Walt Disney Company (NYSE:DIS - Free Report) by 93.1% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,943 shares of the entertainment giant's stock after selling 80,397 shares during the period. Trillium Asset Management LLC's holdings in Walt Disney were worth $587,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. J. Safra Sarasin Holding AG raised its position in Walt Disney by 8.1% in the 1st quarter. J. Safra Sarasin Holding AG now owns 222,747 shares of the entertainment giant's stock valued at $21,983,000 after purchasing an additional 16,781 shares in the last quarter. Planning Directions Inc. purchased a new position in shares of Walt Disney in the 1st quarter valued at about $326,000. WoodTrust Financial Corp increased its holdings in shares of Walt Disney by 6.7% in the 1st quarter. WoodTrust Financial Corp now owns 96,158 shares of the entertainment giant's stock valued at $9,491,000 after acquiring an additional 6,047 shares during the last quarter. Bank of Stockton increased its holdings in shares of Walt Disney by 4.4% in the 1st quarter. Bank of Stockton now owns 9,091 shares of the entertainment giant's stock valued at $897,000 after acquiring an additional 383 shares during the last quarter. Finally, Rheos Capital Works Inc. increased its holdings in shares of Walt Disney by 164.7% in the 1st quarter. Rheos Capital Works Inc. now owns 395,400 shares of the entertainment giant's stock valued at $39,026,000 after acquiring an additional 246,000 shares during the last quarter. Institutional investors and hedge funds own 65.71% of the company's stock.

Walt Disney Stock Down 0.8%

DIS traded down $0.95 during trading on Friday, hitting $115.36. The company had a trading volume of 6,367,279 shares, compared to its average volume of 9,805,267. The company has a market capitalization of $207.41 billion, a PE ratio of 18.08, a PEG ratio of 1.69 and a beta of 1.56. The Walt Disney Company has a one year low of $80.10 and a one year high of $124.69. The firm's 50-day moving average price is $119.30 and its 200 day moving average price is $108.11. The company has a quick ratio of 0.66, a current ratio of 0.72 and a debt-to-equity ratio of 0.32.

Walt Disney (NYSE:DIS - Get Free Report) last posted its quarterly earnings data on Wednesday, August 6th. The entertainment giant reported $1.61 EPS for the quarter, beating the consensus estimate of $1.45 by $0.16. Walt Disney had a net margin of 12.22% and a return on equity of 9.67%. The business had revenue of $23.65 billion for the quarter, compared to analysts' expectations of $23.69 billion. During the same period in the previous year, the firm posted $1.39 EPS. The firm's revenue was up 2.1% compared to the same quarter last year. As a group, equities analysts expect that The Walt Disney Company will post 5.47 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on DIS. Needham & Company LLC restated a "buy" rating and set a $125.00 price target on shares of Walt Disney in a research note on Thursday, August 7th. Chardan Capital restated a "buy" rating on shares of Walt Disney in a research note on Monday. Loop Capital raised their price target on Walt Disney from $125.00 to $130.00 and gave the stock a "buy" rating in a research note on Tuesday, June 10th. JPMorgan Chase & Co. increased their price objective on Walt Disney from $130.00 to $138.00 and gave the stock an "overweight" rating in a research report on Tuesday, July 29th. Finally, Guggenheim increased their price objective on Walt Disney from $120.00 to $140.00 and gave the stock a "buy" rating in a research report on Friday, June 27th. Eight equities research analysts have rated the stock with a hold rating, twenty have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $131.18.

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.