The Walt Disney Company (NYSE:DIS) Shares Sold by MidWestOne Financial Group Inc.

MidWestOne Financial Group Inc. decreased its position in The Walt Disney Company (NYSE:DIS) by 39.4% during the 4th quarter, Holdings Channel reports. The fund owned 7,697 shares of the entertainment giant’s stock after selling 5,006 shares during the quarter. MidWestOne Financial Group Inc.’s holdings in Walt Disney were worth $857,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Mpwm Advisory Solutions LLC purchased a new position in Walt Disney in the fourth quarter worth $27,000. FPC Investment Advisory Inc. acquired a new position in shares of Walt Disney during the 4th quarter worth $28,000. Tacita Capital Inc increased its holdings in shares of Walt Disney by 93.2% in the 4th quarter. Tacita Capital Inc now owns 257 shares of the entertainment giant’s stock valued at $29,000 after purchasing an additional 124 shares in the last quarter. Pilgrim Partners Asia Pte Ltd acquired a new stake in shares of Walt Disney in the fourth quarter valued at about $32,000. Finally, Midwest Capital Advisors LLC purchased a new stake in Walt Disney during the fourth quarter worth about $34,000. 65.71% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the stock. Barclays upped their target price on shares of Walt Disney from $115.00 to $120.00 and gave the stock an “overweight” rating in a research report on Thursday, May 8th. Wolfe Research upgraded Walt Disney from a “peer perform” rating to an “outperform” rating and set a $112.00 price target on the stock in a report on Monday, April 21st. 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. Guggenheim decreased their target price on Walt Disney from $130.00 to $120.00 and set a “buy” rating on the stock in a research report on Thursday, May 8th. Finally, Loop Capital raised their price target on Walt Disney from $120.00 to $125.00 and gave the company a “buy” rating in a research report on Thursday, May 8th. Six analysts have rated the stock with a hold rating, seventeen have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $123.54.

Insider Activity

In related news, EVP Brent Woodford sold 1,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 13th. The shares were sold at an average price of $110.84, for a total value of $110,840.00. Following the sale, the executive vice president now directly owns 46,831 shares of the company’s stock, valued at approximately $5,190,748.04. This trade represents a 2.09% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.16% of the company’s stock.

Walt Disney Trading Down 1.8%

Shares of Walt Disney stock opened at $110.38 on Thursday. The Walt Disney Company has a fifty-two week low of $80.10 and a fifty-two week high of $118.63. The business’s fifty day moving average is $95.44 and its two-hundred day moving average is $105.05. The company has a quick ratio of 0.62, a current ratio of 0.68 and a debt-to-equity ratio of 0.36. The firm has a market cap of $198.44 billion, a PE ratio of 35.95, a P/E/G ratio of 1.80 and a beta of 1.49.

Walt Disney (NYSE:DIS) last released its earnings results on Wednesday, May 7th. The entertainment giant reported $1.45 earnings per share 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 firm had revenue of $23.62 billion for the quarter, compared to the consensus estimate of $23.15 billion. During the same period in the prior year, the business posted $1.21 earnings per share. The firm’s revenue for the quarter was up 7.0% compared to the same quarter last year. Analysts anticipate that The Walt Disney Company will post 5.47 earnings per share for the current year.

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.