Worth Asset Management LLC Has $419,000 Holdings in The Walt Disney Company (NYSE:DIS)

Worth Asset Management LLC trimmed its holdings in The Walt Disney Company (NYSE:DIS - Free Report) by 65.1% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 4,247 shares of the entertainment giant's stock after selling 7,920 shares during the quarter. Worth Asset Management LLC's holdings in Walt Disney were worth $419,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Trek Financial LLC raised its holdings in Walt Disney by 479.9% during the 4th quarter. Trek Financial LLC now owns 36,320 shares of the entertainment giant's stock worth $4,044,000 after purchasing an additional 30,057 shares during the last quarter. Greystone Financial Group LLC raised its stake in shares of Walt Disney by 13.3% during the fourth 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 during the last quarter. FourThought Financial Partners LLC acquired a new position in Walt Disney in the fourth quarter valued at approximately $446,000. Alecta Tjanstepension Omsesidigt grew its holdings in Walt Disney by 2.9% during the 4th quarter. Alecta Tjanstepension Omsesidigt now owns 3,569,400 shares of the entertainment giant's stock worth $397,667,000 after acquiring an additional 100,000 shares during the period. Finally, Cape Investment Advisory Inc. grew its holdings in Walt Disney by 18.6% during the 4th quarter. Cape Investment Advisory Inc. now owns 14,467 shares of the entertainment giant's stock worth $1,611,000 after acquiring an additional 2,272 shares during the period. Institutional investors and hedge funds own 65.71% of the company's stock.

Analysts Set New Price Targets

DIS has been the subject of a number of recent analyst reports. Needham & Company LLC reiterated a "buy" rating and issued a $125.00 price objective on shares of Walt Disney in a report on Thursday, May 8th. Barclays upped their price objective on shares of Walt Disney from $115.00 to $120.00 and gave the company an "overweight" rating in a research report on Thursday, May 8th. Guggenheim dropped their price objective on Walt Disney from $130.00 to $120.00 and set a "buy" rating on the stock in a research note on Thursday, May 8th. Loop Capital boosted their target price on Walt Disney from $120.00 to $125.00 and gave the company a "buy" rating in a research note on Thursday, May 8th. Finally, The Goldman Sachs Group raised their price target on Walt Disney from $137.00 to $139.00 and gave the stock a "buy" rating in a research report on Tuesday, February 4th. Six investment analysts have rated the stock with a hold rating, seventeen have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $123.75.

Walt Disney Price Performance

Shares of NYSE DIS traded up $0.73 during mid-day trading on Tuesday, reaching $113.68. The company had a trading volume of 9,545,451 shares, compared to its average volume of 10,037,060. The Walt Disney Company has a one year low of $80.10 and a one year high of $118.63. The business's 50-day simple moving average is $97.29 and its 200 day simple moving average is $105.71. 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 firm has a market cap of $204.37 billion, a price-to-earnings ratio of 37.03, a PEG ratio of 1.80 and a beta of 1.49.

Walt Disney (NYSE:DIS - Get Free Report) last released its earnings results 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. Walt Disney had a return on equity of 9.95% and a net margin of 6.07%. The firm had revenue of $23.62 billion during the quarter, compared to analysts' expectations of $23.15 billion. During the same period in the prior year, the company earned $1.21 earnings per share. The company's quarterly revenue was up 7.0% on a year-over-year basis. On average, research analysts predict that The Walt Disney Company will post 5.47 earnings per share for the current fiscal year.

Insider Buying and Selling at Walt Disney

In other 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 value of $110,840.00. Following the completion of the transaction, the executive vice president now directly owns 46,831 shares in the company, valued at approximately $5,190,748.04. This represents a 2.09% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 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.