The Walt Disney Company (NYSE:DIS) Stake Decreased by Certified Advisory Corp

Certified Advisory Corp lessened its holdings in shares of The Walt Disney Company (NYSE:DIS) by 3.6% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 13,465 shares of the entertainment giant’s stock after selling 500 shares during the period. Certified Advisory Corp’s holdings in Walt Disney were worth $1,329,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in DIS. Northern Trust Corp raised its holdings in Walt Disney by 10.4% during the fourth quarter. Northern Trust Corp now owns 22,242,415 shares of the entertainment giant’s stock worth $2,476,693,000 after purchasing an additional 2,096,431 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in Walt Disney by 4.2% during the first quarter. Bank of New York Mellon Corp now owns 17,821,361 shares of the entertainment giant’s stock worth $1,758,968,000 after purchasing an additional 717,066 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in Walt Disney by 21.8% during 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 purchasing an additional 3,016,339 shares in the last quarter. Price T Rowe Associates Inc. MD raised its holdings in Walt Disney by 1.8% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 11,136,276 shares of the entertainment giant’s stock worth $1,240,025,000 after purchasing an additional 192,871 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its holdings in Walt Disney by 2.2% during the fourth quarter. Dimensional Fund Advisors LP now owns 7,523,946 shares of the entertainment giant’s stock worth $837,775,000 after purchasing an additional 163,845 shares in the last quarter. Institutional investors own 65.71% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently commented on the company. Rosenblatt Securities boosted their target price on Walt Disney from $135.00 to $140.00 and gave the stock a “buy” rating in a report on Tuesday, June 3rd. Wall Street Zen cut Walt Disney from a “strong-buy” rating to a “buy” rating in a report on Sunday, July 20th. Guggenheim upped their price target on Walt Disney from $120.00 to $140.00 and gave the company a “buy” rating in a report on Friday, June 27th. Wolfe Research raised 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. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $125.00 price target on shares of Walt Disney in a report on Thursday, May 8th. Five research analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $128.70.

Insider Activity at Walt Disney

In other news, EVP Brent Woodford sold 1,000 shares of the business’s stock in a transaction on Tuesday, May 13th. The shares were sold at an average price of $110.84, for a total transaction of $110,840.00. Following the transaction, the executive vice president directly owned 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 legal filing with the SEC, which is available at this link. 0.16% of the stock is currently owned by corporate insiders.

Walt Disney Trading Down 2.1%

Walt Disney stock opened at $116.57 on Friday. The company’s fifty day simple moving average is $118.76 and its 200-day simple moving average is $107.72. 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 Walt Disney Company has a 12 month low of $80.10 and a 12 month high of $124.69. The stock has a market cap of $209.56 billion, a P/E ratio of 23.84, a P/E/G ratio of 1.74 and a beta of 1.56.

Walt Disney (NYSE:DIS) last posted its quarterly earnings results on Wednesday, May 7th. The entertainment giant reported $1.45 EPS for the quarter, beating 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 business 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 company posted $1.21 EPS. Walt Disney’s revenue was up 7.0% on a year-over-year basis. As a group, sell-side analysts forecast that The Walt Disney Company will post 5.47 EPS for the current fiscal 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.