The Walt Disney Company (NYSE:DIS) Shares Sold by Financial Perspectives Inc

Financial Perspectives Inc trimmed its holdings in shares of The Walt Disney Company (NYSE:DIS) by 3.4% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 5,304 shares of the entertainment giant’s stock after selling 187 shares during the period. Financial Perspectives Inc’s holdings in Walt Disney were worth $649,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Vanguard Group Inc. grew its stake in Walt Disney by 1.0% during the 4th quarter. Vanguard Group Inc. now owns 151,443,502 shares of the entertainment giant’s stock valued at $13,673,834,000 after acquiring an additional 1,555,748 shares in the last quarter. Morgan Stanley increased its stake in Walt Disney by 0.4% in the 3rd quarter. Morgan Stanley now owns 44,318,444 shares of the entertainment giant’s stock valued at $3,592,010,000 after buying an additional 195,512 shares during the period. Norges Bank purchased a new stake in Walt Disney in the 4th quarter worth approximately $1,938,647,000. Charles Schwab Investment Management Inc. boosted its stake in shares of Walt Disney by 2.2% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 9,943,052 shares of the entertainment giant’s stock valued at $897,758,000 after buying an additional 211,397 shares during the period. Finally, Fisher Asset Management LLC grew its holdings in shares of Walt Disney by 4.5% during the 4th quarter. Fisher Asset Management LLC now owns 7,204,256 shares of the entertainment giant’s stock valued at $650,472,000 after acquiring an additional 309,376 shares in the last quarter. 65.71% of the stock is currently owned by institutional investors.

Insider Activity

In other news, EVP Sonia L. Coleman sold 4,400 shares of Walt Disney stock in a transaction dated Thursday, May 9th. The shares were sold at an average price of $106.00, for a total transaction of $466,400.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In related news, Director James P. Gorman purchased 20,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 8th. The shares were bought at an average cost of $106.03 per share, with a total value of $2,120,600.00. Following the acquisition, the director now owns 20,467 shares of the company’s stock, valued at $2,170,116.01. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Sonia L. Coleman sold 4,400 shares of the stock in a transaction on Thursday, May 9th. The stock was sold at an average price of $106.00, for a total value of $466,400.00. The disclosure for this sale can be found here. Insiders own 0.10% of the company’s stock.

Walt Disney Price Performance

Walt Disney stock traded up $0.62 during mid-day trading on Thursday, reaching $98.61. The company had a trading volume of 5,029,969 shares, compared to its average volume of 9,798,412. The business has a fifty day simple moving average of $103.86 and a 200 day simple moving average of $104.76. The company has a market cap of $179.77 billion, a P/E ratio of 107.19, a P/E/G ratio of 1.22 and a beta of 1.40. The company has a current ratio of 0.75, a quick ratio of 0.69 and a debt-to-equity ratio of 0.38. The Walt Disney Company has a fifty-two week low of $78.73 and a fifty-two week high of $123.74.

Walt Disney (NYSE:DIS) last issued its earnings results on Tuesday, May 7th. The entertainment giant reported $1.21 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.12 by $0.09. The business had revenue of $22.08 billion during the quarter, compared to analysts’ expectations of $22.12 billion. Walt Disney had a return on equity of 8.37% and a net margin of 1.90%. The business’s revenue for the quarter was up 1.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.93 EPS. On average, equities research analysts predict that The Walt Disney Company will post 4.75 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on DIS shares. Evercore ISI cut their price objective on Walt Disney from $130.00 to $128.00 and set an “outperform” rating for the company in a report on Wednesday, May 8th. Argus lifted their price target on Walt Disney from $125.00 to $140.00 and gave the company a “buy” rating in a report on Wednesday, April 10th. Rosenblatt Securities increased their price objective on Walt Disney from $129.00 to $137.00 and gave the stock a “buy” rating in a report on Tuesday, April 2nd. UBS Group reduced their target price on shares of Walt Disney from $140.00 to $130.00 and set a “buy” rating for the company in a research note on Wednesday, May 8th. Finally, Daiwa Capital Markets restated a “buy” rating and set a $133.00 price target on shares of Walt Disney in a research note on Monday, April 1st. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and twenty-three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Walt Disney presently has a consensus rating of “Moderate Buy” and a consensus price target of $126.44.

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.