Janney Capital Management LLC Sells 59,662 Shares of The Walt Disney Company (NYSE:DIS)

Janney Capital Management LLC trimmed its position in shares of The Walt Disney Company (NYSE:DIS - Free Report) by 91.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 5,831 shares of the entertainment giant's stock after selling 59,662 shares during the quarter. Janney Capital Management LLC's holdings in Walt Disney were worth $526,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in DIS. Planned Solutions Inc. acquired a new position in shares of Walt Disney in the fourth quarter worth approximately $26,000. Fortis Group Advisors LLC acquired a new position in Walt Disney in the third quarter valued at approximately $30,000. Stone House Investment Management LLC lifted its stake in Walt Disney by 355.3% in the fourth quarter. Stone House Investment Management LLC now owns 346 shares of the entertainment giant's stock valued at $31,000 after buying an additional 270 shares during the period. Partnership Wealth Management LLC acquired a new position in Walt Disney in the fourth quarter valued at approximately $33,000. Finally, Evolution Advisers Inc. lifted its stake in Walt Disney by 38.2% in the fourth quarter. Evolution Advisers Inc. now owns 380 shares of the entertainment giant's stock valued at $34,000 after buying an additional 105 shares during the period. 65.71% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on DIS shares. Argus boosted their price target on Walt Disney from $125.00 to $140.00 and gave the company a "buy" rating in a research note on Wednesday, April 10th. Guggenheim boosted their price target on Walt Disney from $125.00 to $140.00 and gave the company a "buy" rating in a research note on Wednesday, April 3rd. Daiwa Capital Markets restated a "buy" rating and set a $133.00 price objective on shares of Walt Disney in a report on Monday, April 1st. Loop Capital boosted their price objective on Walt Disney from $113.00 to $140.00 and gave the company a "buy" rating in a report on Monday, May 6th. Finally, Wells Fargo & Company boosted their price objective on Walt Disney from $128.00 to $141.00 and gave the company an "overweight" rating in a report on Tuesday, April 23rd. One analyst has rated the stock with a sell rating, two have given a hold rating and twenty-three have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $126.58.

Walt Disney Stock Performance

Shares of NYSE DIS traded down $0.48 during trading on Tuesday, reaching $105.35. 11,260,747 shares of the stock traded hands, compared to its average volume of 12,139,769. The Walt Disney Company has a 52-week low of $78.73 and a 52-week high of $123.74. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.75 and a quick ratio of 0.69. The company has a 50-day moving average of $114.09 and a 200-day moving average of $101.89. The stock has a market capitalization of $192.06 billion, a P/E ratio of 114.58, a price-to-earnings-growth ratio of 1.30 and a beta of 1.40.

Walt Disney (NYSE:DIS - Get Free Report) last issued its quarterly earnings results on Tuesday, May 7th. The entertainment giant reported $1.21 EPS for the quarter, beating analysts' consensus estimates of $1.12 by $0.09. Walt Disney had a return on equity of 8.37% and a net margin of 1.90%. The firm had revenue of $22.08 billion for the quarter, compared to analysts' expectations of $22.12 billion. During the same quarter in the prior year, the firm earned $0.93 EPS. The business's revenue for the quarter was up 1.2% compared to the same quarter last year. Analysts forecast that The Walt Disney Company will post 4.74 EPS for the current fiscal year.

Insider Activity

In other news, EVP Sonia L. Coleman sold 1,857 shares of the company's stock in a transaction on Monday, April 1st. The stock was sold at an average price of $121.92, for a total transaction of $226,405.44. Following the transaction, the executive vice president now owns 4,400 shares of the company's stock, valued at approximately $536,448. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, EVP Sonia L. Coleman sold 1,857 shares of the stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $121.92, for a total transaction of $226,405.44. Following the sale, the executive vice president now owns 4,400 shares of the company's stock, valued at approximately $536,448. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director James P. Gorman acquired 20,000 shares of the company's stock in a transaction that occurred on Wednesday, May 8th. The shares were bought at an average cost of $106.03 per share, for a total transaction of $2,120,600.00. Following the acquisition, the director now directly owns 20,467 shares in the company, valued at approximately $2,170,116.01. The disclosure for this purchase can be found here. Insiders own 0.10% 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.

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