Hollencrest Capital Management Sells 1,245 Shares of The Walt Disney Company (NYSE:DIS)

Hollencrest Capital Management reduced its stake in The Walt Disney Company (NYSE:DIS) by 18.3% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 5,541 shares of the entertainment giant’s stock after selling 1,245 shares during the period. Hollencrest Capital Management’s holdings in Walt Disney were worth $547,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of DIS. Creekmur Asset Management LLC increased its holdings in shares of Walt Disney by 41,713.3% in the 1st quarter. Creekmur Asset Management LLC now owns 6,272 shares of the entertainment giant’s stock worth $619,000 after buying an additional 6,257 shares during the last quarter. Burling Wealth Partners LLC increased its holdings in shares of Walt Disney by 2.8% in the 1st quarter. Burling Wealth Partners LLC now owns 12,944 shares of the entertainment giant’s stock worth $1,278,000 after buying an additional 355 shares during the last quarter. Hardy Reed LLC increased its holdings in shares of Walt Disney by 19.7% in the 1st quarter. Hardy Reed LLC now owns 10,737 shares of the entertainment giant’s stock worth $1,060,000 after buying an additional 1,769 shares during the last quarter. Commerzbank Aktiengesellschaft FI increased its holdings in shares of Walt Disney by 32.6% in the 1st quarter. Commerzbank Aktiengesellschaft FI now owns 90,840 shares of the entertainment giant’s stock worth $8,966,000 after buying an additional 22,349 shares during the last quarter. Finally, Forum Financial Management LP increased its holdings in shares of Walt Disney by 2.3% in the 1st quarter. Forum Financial Management LP now owns 32,745 shares of the entertainment giant’s stock worth $3,232,000 after buying an additional 742 shares during the last quarter. 65.71% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the stock. Rosenblatt Securities upped their price target on shares of Walt Disney from $135.00 to $140.00 and gave the company a “buy” rating in a report on Tuesday, June 3rd. Wall Street Zen raised shares of Walt Disney from a “buy” rating to a “strong-buy” rating in a research report on Saturday, July 12th. Morgan Stanley boosted their price objective on shares of Walt Disney from $110.00 to $120.00 and gave the company an “overweight” rating in a research report on Thursday, May 8th. Needham & Company LLC reissued a “buy” rating and issued a $125.00 price objective on shares of Walt Disney in a research report on Thursday, May 8th. Finally, Citigroup boosted their price objective on shares of Walt Disney from $125.00 to $140.00 and gave the company a “buy” rating in a research report on Wednesday, July 9th. Five analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, Walt Disney presently has an average rating of “Moderate Buy” and an average price target of $128.13.

Insider Buying and Selling

In other Walt Disney news, EVP Brent Woodford sold 1,000 shares of the company’s stock in a transaction on Tuesday, May 13th. The shares were sold at an average price of $110.84, for a total transaction of $110,840.00. Following the completion of the transaction, the executive vice president owned 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 filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.16% of the company’s stock.

Walt Disney Stock Down 0.7%

Shares of NYSE:DIS opened at $121.39 on Friday. The firm has a 50 day simple moving average of $116.69 and a 200-day simple moving average of $106.94. The Walt Disney Company has a twelve month low of $80.10 and a twelve month high of $124.69. The company has a market capitalization of $218.23 billion, a PE ratio of 24.89, a P/E/G ratio of 1.75 and a beta of 1.56. The company has a current ratio of 0.67, a quick ratio of 0.61 and a debt-to-equity ratio of 0.34.

Walt Disney (NYSE:DIS) last released its quarterly earnings results on Wednesday, May 7th. The entertainment giant reported $1.45 EPS for the quarter, beating the consensus estimate of $1.21 by $0.24. The firm had revenue of $23.62 billion during the quarter, compared to the consensus estimate of $23.15 billion. Walt Disney had a net margin of 9.47% and a return on equity of 9.99%. Walt Disney’s revenue for the quarter was up 7.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.21 EPS. On average, equities analysts predict that The Walt Disney Company will post 5.47 EPS for the current fiscal year.

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.