Vicus Capital Trims Stake in The Walt Disney Company (NYSE:DIS)

Vicus Capital decreased its stake in shares of The Walt Disney Company (NYSE:DIS - Free Report) by 47.1% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 3,345 shares of the entertainment giant's stock after selling 2,975 shares during the period. Vicus Capital's holdings in Walt Disney were worth $330,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in the stock. Inscription Capital LLC purchased a new stake in Walt Disney during the 1st quarter worth about $1,164,000. Blackston Financial Advisory Group LLC purchased a new position in Walt Disney in the 1st quarter valued at about $307,000. Louisbourg Investments Inc. boosted its stake in shares of Walt Disney by 15.5% during the 1st quarter. Louisbourg Investments Inc. now owns 54,879 shares of the entertainment giant's stock worth $5,417,000 after purchasing an additional 7,380 shares during the last quarter. Grove Bank & Trust grew its holdings in shares of Walt Disney by 6.5% during the first quarter. Grove Bank & Trust now owns 18,558 shares of the entertainment giant's stock worth $1,832,000 after buying an additional 1,139 shares in the last quarter. Finally, FNY Investment Advisers LLC grew its holdings in shares of Walt Disney by 505.6% during the first quarter. FNY Investment Advisers LLC now owns 7,873 shares of the entertainment giant's stock worth $777,000 after buying an additional 6,573 shares in the last quarter. 65.71% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on DIS. Guggenheim reduced their price objective on shares of Walt Disney from $130.00 to $120.00 and set a "buy" rating on the stock in a research note on Thursday, May 8th. Morgan Stanley boosted their price target on Walt Disney from $110.00 to $120.00 and gave the company an "overweight" rating in a report on Thursday, May 8th. Rosenblatt Securities raised their price objective on Walt Disney from $135.00 to $140.00 and gave the stock a "buy" rating in a report on Tuesday, June 3rd. Needham & Company LLC reaffirmed a "buy" rating and issued a $125.00 price objective on shares of Walt Disney in a research report on Thursday, May 8th. Finally, Loop Capital upped their target price on Walt Disney from $125.00 to $130.00 and gave the company a "buy" rating in a research note on Tuesday, June 10th. Six investment analysts have rated the stock with a hold rating, seventeen have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, Walt Disney currently has an average rating of "Moderate Buy" and a consensus target price of $123.96.

Insider Buying and Selling

In other news, EVP Brent Woodford sold 1,000 shares of the firm's stock in a transaction dated 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 now directly owns 46,831 shares in the company, 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 legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.16% of the stock is currently owned by corporate insiders.

Walt Disney Stock Performance

Shares of DIS stock opened at $118.18 on Wednesday. The company has a current ratio of 0.67, a quick ratio of 0.61 and a debt-to-equity ratio of 0.34. The company has a market cap of $212.46 billion, a PE ratio of 24.17, a P/E/G ratio of 1.75 and a beta of 1.54. The company's fifty day simple moving average is $102.86 and its 200-day simple moving average is $105.79. The Walt Disney Company has a 52 week low of $80.10 and a 52 week high of $120.50.

Walt Disney (NYSE:DIS - Get Free Report) last released its quarterly earnings data on Wednesday, May 7th. The entertainment giant reported $1.45 EPS for the quarter, beating 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 company had revenue of $23.62 billion for the quarter, compared to analyst estimates of $23.15 billion. During the same period last year, the company posted $1.21 earnings per share. The firm's revenue was up 7.0% compared to the same quarter last year. As a group, equities research analysts anticipate that The Walt Disney Company will post 5.47 EPS 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.