Mutual Advisors LLC Sells 3,263 Shares of The Walt Disney Company (NYSE:DIS)

Mutual Advisors LLC reduced its position in shares of The Walt Disney Company (NYSE:DIS) by 3.8% in the first quarter, HoldingsChannel reports. The firm owned 81,934 shares of the entertainment giant’s stock after selling 3,263 shares during the quarter. Mutual Advisors LLC’s holdings in Walt Disney were worth $7,397,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Brighton Jones LLC increased its position in Walt Disney by 7.7% in the fourth quarter. Brighton Jones LLC now owns 26,767 shares of the entertainment giant’s stock worth $2,980,000 after buying an additional 1,904 shares in the last quarter. Victory Capital Management Inc. increased its holdings in Walt Disney by 12.0% in the 4th quarter. Victory Capital Management Inc. now owns 662,659 shares of the entertainment giant’s stock worth $73,787,000 after acquiring an additional 71,141 shares in the last quarter. Cookson Peirce & Co. Inc. bought a new stake in Walt Disney during the 4th quarter worth approximately $293,000. J.Safra Asset Management Corp raised its stake in Walt Disney by 305.6% during the 4th quarter. J.Safra Asset Management Corp now owns 2,734 shares of the entertainment giant’s stock worth $303,000 after acquiring an additional 2,060 shares during the period. Finally, Assetmark Inc. lifted its holdings in Walt Disney by 330.0% during the fourth quarter. Assetmark Inc. now owns 139,247 shares of the entertainment giant’s stock valued at $15,505,000 after purchasing an additional 106,862 shares in the last quarter. Hedge funds and other institutional investors own 65.71% of the company’s stock.

Walt Disney Stock Performance

Walt Disney stock opened at $122.98 on Thursday. The company’s 50-day moving average price is $110.52 and its 200-day moving average price is $106.21. The company has a quick ratio of 0.61, a current ratio of 0.67 and a debt-to-equity ratio of 0.34. The company has a market cap of $221.09 billion, a PE ratio of 25.15, a price-to-earnings-growth ratio of 1.81 and a beta of 1.56. The Walt Disney Company has a twelve month low of $80.10 and a twelve month high of $124.69.

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

Analyst Ratings Changes

A number of brokerages have recently issued reports on DIS. Guggenheim increased their price objective on shares of Walt Disney from $120.00 to $140.00 and gave the stock a “buy” rating in a research note on Friday, June 27th. Rosenblatt Securities upped their target price on shares of Walt Disney from $135.00 to $140.00 and gave the stock a “buy” rating in a report on Tuesday, June 3rd. UBS Group increased their price target on Walt Disney from $105.00 to $120.00 and gave the stock a “buy” rating in a research note on Thursday, May 8th. Morgan Stanley raised their price target on Walt Disney from $110.00 to $120.00 and gave the company an “overweight” rating in a report on Thursday, May 8th. Finally, Wolfe Research upgraded Walt Disney from a “peer perform” rating to an “outperform” rating and set a $112.00 price objective on the stock in a research report on Monday, April 21st. Five investment analysts have rated the stock with a hold rating, seventeen have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, Walt Disney has a consensus rating of “Moderate Buy” and a consensus price target of $125.83.

Insider Buying and Selling at Walt Disney

In related news, EVP Brent Woodford sold 1,000 shares of Walt Disney stock in a transaction dated 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 directly owned 46,831 shares of the company’s stock, valued at approximately $5,190,748.04. The trade was a 2.09% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.16% of the company’s stock.

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.