WNY Asset Management LLC Reduces Holdings in The Walt Disney Company (NYSE:DIS)

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

Other hedge funds have also modified their holdings of the company. Secure Asset Management LLC lifted its holdings in Walt Disney by 24.4% in the fourth quarter. Secure Asset Management LLC now owns 5,020 shares of the entertainment giant's stock valued at $559,000 after buying an additional 985 shares during the period. Brighton Jones LLC lifted its holdings in Walt Disney by 7.7% in the fourth quarter. Brighton Jones LLC now owns 26,767 shares of the entertainment giant's stock valued at $2,980,000 after buying an additional 1,904 shares during the period. Patriot Investment Management Group Inc. acquired a new stake in Walt Disney in the fourth quarter worth $209,000. CX Institutional raised its holdings in Walt Disney by 15.2% in the fourth quarter. CX Institutional now owns 9,272 shares of the entertainment giant's stock worth $1,032,000 after purchasing an additional 1,222 shares during the period. Finally, Eclectic Associates Inc. ADV raised its holdings in Walt Disney by 10.8% in the fourth quarter. Eclectic Associates Inc. ADV now owns 8,313 shares of the entertainment giant's stock worth $926,000 after purchasing an additional 811 shares during the period. 65.71% of the stock is owned by institutional investors.

Walt Disney Stock Performance

Walt Disney stock traded down $0.21 during trading on Thursday, hitting $111.31. The stock had a trading volume of 2,248,203 shares, compared to its average volume of 10,005,204. 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 stock's 50 day moving average is $96.59 and its two-hundred day moving average is $105.50. The stock has a market cap of $200.11 billion, a price-to-earnings ratio of 36.25, a price-to-earnings-growth ratio of 1.80 and a beta of 1.49.

Walt Disney (NYSE:DIS - Get Free Report) last issued its quarterly earnings results on Wednesday, May 7th. The entertainment giant reported $1.45 EPS for the quarter, beating analysts' consensus estimates of $1.21 by $0.24. The firm had revenue of $23.62 billion for the quarter, compared to analysts' expectations of $23.15 billion. Walt Disney had a return on equity of 9.95% and a net margin of 6.07%. The business's revenue for the quarter was up 7.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.21 EPS. As a group, analysts predict that The Walt Disney Company will post 5.47 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the stock. Rosenblatt Securities reiterated a "buy" rating and issued a $135.00 target price on shares of Walt Disney in a report on Monday, February 10th. Barclays increased their target price on shares of Walt Disney from $115.00 to $120.00 and gave the stock an "overweight" rating in a report on Thursday, May 8th. Needham & Company LLC restated a "buy" rating and set a $125.00 price objective on shares of Walt Disney in a report on Thursday, May 8th. UBS Group raised their price objective on shares of Walt Disney from $105.00 to $120.00 and gave the stock a "buy" rating in a report on Thursday, May 8th. Finally, Loop Capital raised their price objective on shares of Walt Disney from $120.00 to $125.00 and gave the stock a "buy" rating in a report on Thursday, May 8th. Six equities research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $123.54.

Insiders Place Their Bets

In related 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 transaction, the executive vice president now directly 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 filing with the SEC, which is accessible through this link. Corporate insiders own 0.16% of the company's stock.

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.