Valicenti Advisory Services Inc. Trims Holdings in The Walt Disney Company (NYSE:DIS)

Valicenti Advisory Services Inc. cut its position in shares of The Walt Disney Company (NYSE:DIS) by 66.2% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,100 shares of the entertainment giant’s stock after selling 4,109 shares during the quarter. Valicenti Advisory Services Inc.’s holdings in Walt Disney were worth $207,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in DIS. Trek Financial LLC lifted its position in shares of Walt Disney by 479.9% in the 4th quarter. Trek Financial LLC now owns 36,320 shares of the entertainment giant’s stock worth $4,044,000 after buying an additional 30,057 shares during the last quarter. FourThought Financial Partners LLC bought a new position in Walt Disney in the fourth quarter worth about $446,000. Rheos Capital Works Inc. lifted its holdings in Walt Disney by 164.7% in the first quarter. Rheos Capital Works Inc. now owns 395,400 shares of the entertainment giant’s stock worth $39,026,000 after acquiring an additional 246,000 shares during the last quarter. Merit Financial Group LLC lifted its holdings in Walt Disney by 47.0% in the first quarter. Merit Financial Group LLC now owns 57,172 shares of the entertainment giant’s stock worth $5,643,000 after acquiring an additional 18,272 shares during the last quarter. Finally, Farther Finance Advisors LLC lifted its holdings in Walt Disney by 5.1% in the first quarter. Farther Finance Advisors LLC now owns 64,619 shares of the entertainment giant’s stock worth $6,312,000 after acquiring an additional 3,116 shares during the last quarter. 65.71% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several analysts recently issued reports on the company. Needham & Company LLC reissued a “buy” rating and issued a $125.00 price target on shares of Walt Disney in a report on Thursday, May 8th. Rosenblatt Securities raised their target price on Walt Disney from $135.00 to $140.00 and gave the company a “buy” rating in a research note on Tuesday, June 3rd. Loop Capital raised their target price on Walt Disney from $125.00 to $130.00 and gave the company a “buy” rating in a research note on Tuesday, June 10th. Morgan Stanley raised their target price on Walt Disney from $110.00 to $120.00 and gave the company an “overweight” rating in a research note on Thursday, May 8th. Finally, Barclays lifted their price target on Walt Disney from $115.00 to $120.00 and gave the company an “overweight” rating in a report on Thursday, May 8th. Six 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. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $123.96.

Insider Buying and Selling

In related news, EVP Brent Woodford sold 1,000 shares of the business’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 in the company, valued at $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 available through this link. Insiders own 0.16% of the company’s stock.

Walt Disney Stock Up 0.9%

DIS opened at $118.81 on Wednesday. The Walt Disney Company has a one year low of $80.10 and a one year high of $120.50. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.61 and a current ratio of 0.67. The stock’s fifty day moving average is $106.03 and its 200-day moving average is $105.83. The company has a market capitalization of $213.59 billion, a PE ratio of 24.30, a P/E/G ratio of 1.73 and a beta of 1.54.

Walt Disney (NYSE:DIS) last issued 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. Walt Disney had a net margin of 9.47% and a return on equity of 9.99%. The firm had revenue of $23.62 billion for the quarter, compared to analysts’ expectations of $23.15 billion. During the same period in the previous year, the business earned $1.21 earnings per share. Walt Disney’s revenue for the quarter was up 7.0% compared to the same quarter last year. On average, equities analysts predict that The Walt Disney Company will post 5.47 EPS for the current fiscal 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.