Sei Investments Co. Sells 11,853 Shares of The Walt Disney Company (NYSE:DIS)

Sei Investments Co. lessened its holdings in shares of The Walt Disney Company (NYSE:DIS) by 3.4% in the first quarter, Holdings Channel.com reports. The firm owned 334,163 shares of the entertainment giant’s stock after selling 11,853 shares during the period. Sei Investments Co.’s holdings in The Walt Disney were worth $61,614,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also modified their holdings of DIS. Flagship Private Wealth LLC bought a new position in The Walt Disney during the fourth quarter worth about $27,000. Inspire Advisors LLC bought a new position in The Walt Disney during the fourth quarter worth about $27,000. Advanced Research Investment Solutions LLC boosted its position in The Walt Disney by 50.9% during the fourth quarter. Advanced Research Investment Solutions LLC now owns 163 shares of the entertainment giant’s stock worth $30,000 after purchasing an additional 55 shares during the period. Klaas Financial Asset Advisors LLC bought a new position in The Walt Disney during the fourth quarter worth about $33,000. Finally, Lloyd Advisory Services LLC. boosted its position in The Walt Disney by 210.7% during the first quarter. Lloyd Advisory Services LLC. now owns 233 shares of the entertainment giant’s stock worth $43,000 after purchasing an additional 158 shares during the period. Hedge funds and other institutional investors own 64.04% of the company’s stock.

A number of equities analysts have weighed in on DIS shares. UBS Group increased their target price on shares of The Walt Disney from $200.00 to $215.00 and gave the stock a “buy” rating in a research report on Wednesday, February 17th. Truist Securities cut their price objective on shares of The Walt Disney from $205.00 to $200.00 and set a “buy” rating for the company in a research report on Monday, May 17th. JPMorgan Chase & Co. raised their price objective on shares of The Walt Disney from $210.00 to $220.00 and gave the company an “overweight” rating in a research report on Friday, February 12th. Morgan Stanley raised their price objective on shares of The Walt Disney from $200.00 to $210.00 and gave the company an “overweight” rating in a research report on Wednesday, May 12th. Finally, Evercore ISI raised their price objective on shares of The Walt Disney from $200.00 to $210.00 in a research report on Friday, February 12th. One analyst has rated the stock with a sell rating, six have issued a hold rating and twenty-three have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $195.48.

In other news, Chairman Robert A. Iger sold 550,570 shares of the firm’s stock in a transaction that occurred on Tuesday, June 1st. The shares were sold at an average price of $179.21, for a total value of $98,667,649.70. Following the transaction, the chairman now owns 569,131 shares in the company, valued at $101,993,966.51. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Susan E. Arnold sold 8,400 shares of the firm’s stock in a transaction that occurred on Wednesday, June 2nd. The stock was sold at an average price of $177.75, for a total transaction of $1,493,100.00. Following the completion of the transaction, the director now owns 41,498 shares in the company, valued at approximately $7,376,269.50. The disclosure for this sale can be found here. 0.25% of the stock is currently owned by company insiders.

DIS stock opened at $176.57 on Friday. The stock has a market capitalization of $320.82 billion, a P/E ratio of -70.63, a PEG ratio of 3.70 and a beta of 1.19. The Walt Disney Company has a one year low of $108.02 and a one year high of $203.02. The business’s 50 day simple moving average is $181.01. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.23 and a quick ratio of 1.18.

The Walt Disney (NYSE:DIS) last posted its quarterly earnings results on Thursday, May 13th. The entertainment giant reported $0.79 EPS for the quarter, topping the consensus estimate of $0.27 by $0.52. The firm had revenue of $15.61 billion for the quarter, compared to the consensus estimate of $15.99 billion. The Walt Disney had a negative net margin of 7.73% and a positive return on equity of 2.07%. The business’s revenue was down 13.4% compared to the same quarter last year. During the same period last year, the firm posted $0.60 earnings per share. As a group, equities analysts forecast that The Walt Disney Company will post 2.28 EPS for the current fiscal year.

About The Walt Disney

The Walt Disney Company, together with its subsidiaries, operates as an entertainment company worldwide. The company's Media Networks segment operates domestic cable networks under the Disney, ESPN, Freeform, FX, and National Geographic brands; and television broadcast network under the ABC brand, as well as eight domestic television stations.

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Institutional Ownership by Quarter for The Walt Disney (NYSE:DIS)

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