The Walt Disney Company (NYSE:DIS) Shares Sold by Insigneo Advisory Services LLC

Insigneo Advisory Services LLC cut its stake in shares of The Walt Disney Company (NYSE:DIS) by 1.8% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 42,765 shares of the entertainment giant’s stock after selling 773 shares during the period. Insigneo Advisory Services LLC’s holdings in Walt Disney were worth $4,221,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in DIS. Geode Capital Management LLC lifted its stake in Walt Disney by 2.2% in the 4th quarter. Geode Capital Management LLC now owns 38,482,309 shares of the entertainment giant’s stock valued at $4,272,590,000 after buying an additional 809,989 shares in the last quarter. Northern Trust Corp raised its holdings in shares of Walt Disney by 10.4% during the fourth quarter. Northern Trust Corp now owns 22,242,415 shares of the entertainment giant’s stock valued at $2,476,693,000 after acquiring an additional 2,096,431 shares during the last quarter. Norges Bank purchased a new position in shares of Walt Disney in the fourth quarter valued at approximately $2,415,427,000. Bank of New York Mellon Corp boosted its stake in shares of Walt Disney by 15.5% in the fourth quarter. Bank of New York Mellon Corp now owns 17,104,295 shares of the entertainment giant’s stock worth $1,904,563,000 after acquiring an additional 2,300,912 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of Walt Disney by 21.8% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 16,867,017 shares of the entertainment giant’s stock worth $1,878,142,000 after acquiring an additional 3,016,339 shares during the last quarter. 65.71% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Walt Disney

In other Walt Disney news, EVP Brent Woodford sold 1,000 shares of the business’s 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 sale, the executive vice president now directly owns 46,831 shares in the company, valued at $5,190,748.04. This represents a 2.09% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.16% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

DIS has been the topic of a number of research reports. UBS Group raised their price objective on Walt Disney from $105.00 to $120.00 and gave the company a “buy” rating in a report on Thursday, May 8th. Wolfe Research upgraded shares of Walt Disney from a “peer perform” rating to an “outperform” rating and set a $112.00 target price for the company in a research report on Monday, April 21st. Morgan Stanley boosted their price target on shares of Walt Disney from $110.00 to $120.00 and gave the stock an “overweight” rating in a research report on Thursday, May 8th. Needham & Company LLC reiterated a “buy” rating and issued a $125.00 price objective on shares of Walt Disney in a report on Thursday, May 8th. Finally, Barclays raised their target price on shares of Walt Disney from $115.00 to $120.00 and gave the stock an “overweight” rating in a research note on Thursday, May 8th. Six analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $123.96.

Walt Disney Stock Performance

NYSE:DIS opened at $119.43 on Tuesday. The Walt Disney Company has a fifty-two week low of $80.10 and a fifty-two week high of $120.50. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.62 and a current ratio of 0.68. The company has a 50 day moving average price of $102.33 and a 200 day moving average price of $105.78. The stock has a market capitalization of $214.71 billion, a P/E ratio of 38.90, a PEG ratio of 1.80 and a beta of 1.54.

Walt Disney (NYSE:DIS) last released its quarterly earnings results on Wednesday, May 7th. The entertainment giant reported $1.45 EPS for the quarter, topping 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 9.95% and a net margin of 6.07%. The company’s quarterly revenue was up 7.0% on a year-over-year basis. During the same period last year, the business posted $1.21 earnings per share. Equities research analysts forecast that The Walt Disney Company will post 5.47 EPS for the current 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.