The Walt Disney Company (NYSE:DIS) Shares Sold by Miracle Mile Advisors LLC

Miracle Mile Advisors LLC decreased its holdings in The Walt Disney Company (NYSE:DIS) by 10.2% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 85,946 shares of the entertainment giant’s stock after selling 9,805 shares during the quarter. Miracle Mile Advisors LLC’s holdings in Walt Disney were worth $8,483,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of DIS. Norges Bank acquired a new position in Walt Disney in the 4th quarter worth about $2,415,427,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main raised its holdings in Walt Disney by 1,900.0% in the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 5,735,961 shares of the entertainment giant’s stock worth $638,699,000 after purchasing an additional 5,449,158 shares during the period. Arrowstreet Capital Limited Partnership raised its holdings in Walt Disney by 75.8% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 10,858,108 shares of the entertainment giant’s stock worth $1,209,050,000 after purchasing an additional 4,680,930 shares during the period. Raymond James Financial Inc. acquired a new position in Walt Disney in the 4th quarter worth about $358,151,000. Finally, Boston Partners acquired a new position in Walt Disney in the 4th quarter worth about $350,707,000. Institutional investors and hedge funds own 65.71% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently weighed in on DIS. Barclays upped their price target on Walt Disney from $115.00 to $120.00 and gave the stock an “overweight” rating in a report on Thursday, May 8th. Morgan Stanley increased their target price on Walt Disney from $110.00 to $120.00 and gave the company an “overweight” rating in a report on Thursday, May 8th. Guggenheim reduced their target price on Walt Disney from $130.00 to $120.00 and set a “buy” rating for the company in a report on Thursday, May 8th. UBS Group increased their target price on Walt Disney from $105.00 to $120.00 and gave the company a “buy” rating in a report on Thursday, May 8th. Finally, Needham & Company LLC reissued a “buy” rating and set a $125.00 target price on shares of Walt Disney in a report on Thursday, May 8th. Six analysts have rated the stock with a hold rating, seventeen have given a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $123.75.

Insider Activity

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

Walt Disney Price Performance

DIS stock opened at $113.95 on Friday. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.68 and a quick ratio of 0.62. The business has a 50 day simple moving average of $98.47 and a 200-day simple moving average of $105.76. The firm has a market capitalization of $204.85 billion, a PE ratio of 37.12, a price-to-earnings-growth ratio of 1.80 and a beta of 1.49. The Walt Disney Company has a 1 year low of $80.10 and a 1 year high of $118.63.

Walt Disney (NYSE:DIS) last posted its quarterly earnings results on Wednesday, May 7th. The entertainment giant reported $1.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 business’s revenue was up 7.0% compared to the same quarter last year. During the same period in the prior year, the business earned $1.21 earnings per share. Equities research analysts anticipate that The Walt Disney Company will post 5.47 earnings per share for the current fiscal year.

Walt Disney Company 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.