Vaughan Nelson Investment Management L.P. Decreases Position in The Walt Disney Company (NYSE:DIS)

Vaughan Nelson Investment Management L.P. decreased its position in The Walt Disney Company (NYSE:DIS - Free Report) by 23.2% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,594,142 shares of the entertainment giant's stock after selling 481,270 shares during the period. Walt Disney comprises approximately 1.6% of Vaughan Nelson Investment Management L.P.'s portfolio, making the stock its 16th biggest holding. Vaughan Nelson Investment Management L.P. owned 0.09% of Walt Disney worth $157,341,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Norges Bank purchased a new position in shares of Walt Disney during the 4th quarter valued at about $2,415,427,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main boosted its position in Walt Disney by 1,900.0% during the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 5,735,961 shares of the entertainment giant's stock valued at $638,699,000 after buying an additional 5,449,158 shares during the period. Arrowstreet Capital Limited Partnership increased its position in shares of Walt Disney by 75.8% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 10,858,108 shares of the entertainment giant's stock valued at $1,209,050,000 after acquiring an additional 4,680,930 shares during the period. Raymond James Financial Inc. bought a new position in shares of Walt Disney during the fourth quarter valued at about $358,151,000. Finally, Boston Partners bought a new position in shares of Walt Disney during the fourth quarter valued at approximately $350,707,000. Institutional investors own 65.71% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on DIS shares. 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 note on Thursday, May 8th. Guggenheim lowered their price objective on Walt Disney from $130.00 to $120.00 and set a "buy" rating on the stock in a research report on Thursday, May 8th. Morgan Stanley lifted their price objective on Walt Disney from $110.00 to $120.00 and gave the stock an "overweight" rating in a report on Thursday, May 8th. Barclays increased their price target on Walt Disney from $115.00 to $120.00 and gave the company an "overweight" rating in a report on Thursday, May 8th. Finally, Loop Capital upped their price target on shares of Walt Disney from $125.00 to $130.00 and gave the company a "buy" rating in a research report on Tuesday, June 10th. Six research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $123.96.

Insider Activity

In other Walt Disney 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 sale, the executive vice president now owns 46,831 shares of the company's stock, valued at approximately $5,190,748.04. This trade represents a 2.09% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.16% of the company's stock.

Walt Disney Price Performance

Shares of DIS traded down $1.30 during mid-day trading on Tuesday, hitting $118.18. 9,192,706 shares of the stock were exchanged, compared to its average volume of 10,088,610. The Walt Disney Company has a 52-week low of $80.10 and a 52-week high of $120.50. The company has a market cap of $212.46 billion, a PE ratio of 38.50, a price-to-earnings-growth ratio of 1.80 and a beta of 1.54. The firm has a 50-day moving average of $102.33 and a two-hundred day moving average of $105.78. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.62 and a current ratio of 0.68.

Walt Disney (NYSE:DIS - Get Free Report) last posted its quarterly earnings data on Wednesday, May 7th. The entertainment giant reported $1.45 earnings per share for the quarter, beating analysts' consensus estimates of $1.21 by $0.24. Walt Disney had a net margin of 6.07% and a return on equity of 9.95%. 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 business's revenue was up 7.0% compared to the same quarter last year. On average, equities analysts predict that The Walt Disney Company will post 5.47 earnings per share for the current 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.