Wesleyan Assurance Society Sells 6,936 Shares of The Walt Disney Company (NYSE:DIS)

Wesleyan Assurance Society cut its stake in The Walt Disney Company (NYSE:DIS - Free Report) by 3.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 193,862 shares of the entertainment giant's stock after selling 6,936 shares during the period. Walt Disney accounts for about 1.7% of Wesleyan Assurance Society's investment portfolio, making the stock its 15th biggest position. Wesleyan Assurance Society's holdings in Walt Disney were worth $21,598,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of DIS. FPC Investment Advisory Inc. bought a new position in Walt Disney in the 4th quarter worth approximately $28,000. Tacita Capital Inc increased its stake in shares of Walt Disney by 93.2% in the 4th quarter. Tacita Capital Inc now owns 257 shares of the entertainment giant's stock valued at $29,000 after buying an additional 124 shares during the period. Pilgrim Partners Asia Pte Ltd bought a new stake in shares of Walt Disney during the fourth quarter worth $32,000. Midwest Capital Advisors LLC acquired a new position in shares of Walt Disney during the fourth quarter valued at $34,000. Finally, Bay Harbor Wealth Management LLC bought a new position in Walt Disney in the fourth quarter valued at about $35,000. 65.71% of the stock is currently owned by institutional investors and hedge funds.

Walt Disney Price Performance

NYSE DIS opened at $112.59 on Tuesday. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.62 and a current ratio of 0.68. The stock has a market cap of $202.41 billion, a price-to-earnings ratio of 36.67, a PEG ratio of 1.80 and a beta of 1.49. The business has a 50 day simple moving average of $94.90 and a 200 day simple moving average of $104.90. The Walt Disney Company has a 52-week low of $80.10 and a 52-week high of $118.63.

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 6.07% and a return on equity of 9.95%. The company had revenue of $23.62 billion during the quarter, compared to analysts' expectations of $23.15 billion. During the same quarter in the prior year, the company earned $1.21 earnings per share. The business's quarterly revenue was up 7.0% compared to the same quarter last year. Analysts anticipate that The Walt Disney Company will post 5.47 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several brokerages have weighed in on DIS. Citigroup reissued a "buy" rating and set a $125.00 price objective on shares of Walt Disney in a report on Wednesday, January 22nd. UBS Group lifted their price target on shares of Walt Disney from $105.00 to $120.00 and gave the stock a "buy" rating in a research report on Thursday, May 8th. Guggenheim cut their price objective on shares of Walt Disney from $130.00 to $120.00 and set a "buy" rating on the stock in a report on Thursday, May 8th. Morgan Stanley raised their price objective on shares of Walt Disney from $110.00 to $120.00 and gave the company an "overweight" rating in a research note on Thursday, May 8th. Finally, Prescient Securities dropped their target price on shares of Walt Disney from $130.00 to $115.00 and set a "neutral" rating for the company in a research report on Tuesday, February 4th. Six 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's stock. According to data from MarketBeat, Walt Disney currently has a consensus rating of "Moderate Buy" and an average price target of $123.54.

Insider Buying and Selling

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 value of $110,840.00. Following the sale, the executive vice president now owns 46,831 shares in the company, valued at approximately $5,190,748.04. The trade was a 2.09% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 0.16% of the company's stock.

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.

Want to see what other hedge funds are holding DIS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Walt Disney Company (NYSE:DIS - Free Report).

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.