Snowden Capital Advisors LLC Reduces Stock Holdings in The Walt Disney Company (NYSE:DIS)

Snowden Capital Advisors LLC lowered its holdings in shares of The Walt Disney Company (NYSE:DIS - Free Report) by 7.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 49,737 shares of the entertainment giant's stock after selling 4,187 shares during the quarter. Snowden Capital Advisors LLC's holdings in Walt Disney were worth $5,563,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the business. Geode Capital Management LLC boosted its stake in Walt Disney by 2.2% during the fourth quarter. Geode Capital Management LLC now owns 38,482,309 shares of the entertainment giant's stock valued at $4,272,590,000 after buying an additional 809,989 shares during the last quarter. Northern Trust Corp boosted its stake in Walt Disney by 10.4% during the fourth quarter. Northern Trust Corp now owns 22,242,415 shares of the entertainment giant's stock valued at $2,476,693,000 after buying an additional 2,096,431 shares during the last quarter. Norges Bank bought a new position in Walt Disney during the fourth quarter valued at approximately $2,415,427,000. Jennison Associates LLC boosted its stake in Walt Disney by 23.4% during the fourth quarter. Jennison Associates LLC now owns 19,197,463 shares of the entertainment giant's stock valued at $2,137,637,000 after buying an additional 3,636,742 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its stake in Walt Disney by 15.5% during the fourth quarter. Bank of New York Mellon Corp now owns 17,104,295 shares of the entertainment giant's stock valued at $1,904,563,000 after buying an additional 2,300,912 shares during the last quarter. Hedge funds and other institutional investors own 65.71% of the company's stock.

Insider Activity

In other news, EVP Brent Woodford sold 1,000 shares of Walt Disney 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 transaction, the executive vice president now directly owns 46,831 shares in the company, valued at approximately $5,190,748.04. This trade represents a 2.09% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 0.16% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on DIS. Morgan Stanley raised their price objective on Walt Disney from $110.00 to $120.00 and gave the company an "overweight" rating in a research note on Thursday, May 8th. UBS Group raised their price objective on Walt Disney from $105.00 to $120.00 and gave the company a "buy" rating in a research note on Thursday, May 8th. Needham & Company LLC reaffirmed a "buy" rating and issued a $125.00 price objective on shares of Walt Disney in a research note on Thursday, May 8th. Wolfe Research raised Walt Disney from a "peer perform" rating to an "outperform" rating and set a $112.00 price objective for the company in a research note on Monday, April 21st. Finally, Loop Capital raised their price objective on Walt Disney from $120.00 to $125.00 and gave the company a "buy" rating in a research note on Thursday, May 8th. 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 presently has an average rating of "Moderate Buy" and an average price target of $123.54.

Walt Disney Trading Down 0.7%

DIS traded down $0.83 during trading on Monday, hitting $112.59. 7,204,864 shares of the stock were exchanged, compared to its average volume of 10,028,774. The firm has a 50 day simple moving average of $94.62 and a 200 day simple moving average of $104.79. The firm has a market cap of $202.41 billion, a price-to-earnings ratio of 36.67, a P/E/G 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 debt-to-equity ratio of 0.36, a quick ratio of 0.62 and a current ratio of 0.68.

Walt Disney (NYSE:DIS - Get Free Report) last released its quarterly earnings data on Wednesday, May 7th. The entertainment giant reported $1.45 EPS 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 company had revenue of $23.62 billion for the quarter, compared to the consensus estimate of $23.15 billion. During the same period last year, the business posted $1.21 EPS. Walt Disney's quarterly revenue was up 7.0% on a year-over-year basis. As a group, equities analysts expect that The Walt Disney Company will post 5.47 EPS for the current year.

Walt Disney Company 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.