The Walt Disney Company (NYSE:DIS) Shares Sold by WNY Asset Management LLC

WNY Asset Management LLC trimmed its position in shares of The Walt Disney Company (NYSE:DIS - Free Report) by 36.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,368 shares of the entertainment giant's stock after selling 4,302 shares during the period. WNY Asset Management LLC's holdings in Walt Disney were worth $820,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Trek Financial LLC grew its stake in shares of Walt Disney by 479.9% in the 4th quarter. Trek Financial LLC now owns 36,320 shares of the entertainment giant's stock worth $4,044,000 after buying an additional 30,057 shares in the last quarter. Greystone Financial Group LLC grew its stake in shares of Walt Disney by 13.3% in the 4th quarter. Greystone Financial Group LLC now owns 85,187 shares of the entertainment giant's stock worth $9,486,000 after buying an additional 9,967 shares in the last quarter. FourThought Financial Partners LLC purchased a new position in shares of Walt Disney in the 4th quarter worth $446,000. Swedbank AB grew its stake in shares of Walt Disney by 14.4% in the 4th quarter. Swedbank AB now owns 3,361,792 shares of the entertainment giant's stock worth $374,336,000 after buying an additional 422,339 shares in the last quarter. Finally, Alecta Tjanstepension Omsesidigt grew its stake in shares of Walt Disney by 2.9% in the 4th quarter. Alecta Tjanstepension Omsesidigt now owns 3,569,400 shares of the entertainment giant's stock worth $397,667,000 after buying an additional 100,000 shares in the last quarter. 65.71% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on DIS shares. Rosenblatt Securities reaffirmed a "buy" rating and set a $135.00 price target on shares of Walt Disney in a research note on Monday, February 10th. Barclays boosted their price target on Walt Disney from $115.00 to $120.00 and gave the stock an "overweight" rating in a research report on Thursday, May 8th. Loop Capital boosted their price objective on shares of Walt Disney from $120.00 to $125.00 and gave the stock a "buy" rating in a research note on Thursday, May 8th. UBS Group boosted their target price 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. Finally, Needham & Company LLC reiterated a "buy" rating and issued a $125.00 price objective on shares of Walt Disney in a research note on Thursday, May 8th. Six investment analysts have rated the stock with a hold rating, seventeen have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $123.54.

Insider Buying and Selling

In related news, EVP Brent Woodford sold 1,000 shares of the stock in a transaction that occurred on 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 sale, the executive vice president now owns 46,831 shares of the company's stock, valued at approximately $5,190,748.04. This represents a 2.09% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.16% of the company's stock.

Walt Disney Trading Up 2.4%

Shares of DIS stock traded up $2.60 during trading hours on Tuesday, hitting $112.32. 10,190,521 shares of the company were exchanged, compared to its average volume of 10,043,331. The firm has a market cap of $201.92 billion, a PE ratio of 36.59, a PEG ratio of 1.80 and a beta of 1.49. The Walt Disney Company has a 1 year low of $80.10 and a 1 year high of $118.63. The company has a quick ratio of 0.62, a current ratio of 0.68 and a debt-to-equity ratio of 0.36. The firm has a fifty day moving average of $96.07 and a 200 day moving average of $105.37.

Walt Disney (NYSE:DIS - Get Free Report) last announced its quarterly earnings data on Wednesday, May 7th. The entertainment giant reported $1.45 earnings per share for the quarter, topping the consensus estimate of $1.21 by $0.24. The business had revenue of $23.62 billion for the quarter, compared to analyst estimates of $23.15 billion. Walt Disney had a net margin of 6.07% and a return on equity of 9.95%. The company's revenue was up 7.0% on a year-over-year basis. During the same period in the prior year, the firm posted $1.21 EPS. Analysts expect that The Walt Disney Company will post 5.47 earnings per share for the current year.

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.