The Walt Disney Company (NYSE:DIS) Shares Sold by Central Valley Advisors LLC

Central Valley Advisors LLC trimmed its position in The Walt Disney Company (NYSE:DIS) by 35.8% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,765 shares of the entertainment giant’s stock after selling 2,104 shares during the quarter. Central Valley Advisors LLC’s holdings in Walt Disney were worth $372,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Trek Financial LLC increased its stake in Walt Disney by 479.9% during the fourth quarter. Trek Financial LLC now owns 36,320 shares of the entertainment giant’s stock worth $4,044,000 after purchasing an additional 30,057 shares during the period. Greystone Financial Group LLC raised its stake in Walt Disney by 13.3% in the fourth quarter. Greystone Financial Group LLC now owns 85,187 shares of the entertainment giant’s stock valued at $9,486,000 after buying an additional 9,967 shares in the last quarter. FourThought Financial Partners LLC purchased a new stake in Walt Disney during the fourth quarter worth approximately $446,000. Merit Financial Group LLC boosted 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 valued at $5,643,000 after purchasing an additional 18,272 shares in the last quarter. Finally, Alecta Tjanstepension Omsesidigt increased its stake in Walt Disney by 2.9% in the fourth quarter. Alecta Tjanstepension Omsesidigt now owns 3,569,400 shares of the entertainment giant’s stock valued at $397,667,000 after purchasing an additional 100,000 shares during the last quarter. 65.71% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Walt Disney

In related news, EVP Brent Woodford sold 1,000 shares of the stock in a transaction dated 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 of the company’s stock, valued at approximately $5,190,748.04. This represents a 2.09% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.16% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of research firms recently commented on DIS. Barclays increased their target price on shares of Walt Disney from $115.00 to $120.00 and gave the company an “overweight” rating in a research report on Thursday, May 8th. Needham & Company LLC reiterated a “buy” rating and set a $125.00 target price on shares of Walt Disney in a research report on Thursday, May 8th. Loop Capital boosted their target price on Walt Disney from $120.00 to $125.00 and gave the company a “buy” rating in a report on Thursday, May 8th. Rosenblatt Securities lifted their price target on Walt Disney from $135.00 to $140.00 and gave the stock a “buy” rating in a research report on Tuesday, June 3rd. Finally, Guggenheim decreased their price objective on Walt Disney from $130.00 to $120.00 and set a “buy” rating for the company in a report on Thursday, May 8th. Six analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $123.75.

Walt Disney Price Performance

Walt Disney stock opened at $115.72 on Tuesday. The business has a fifty day moving average of $98.83 and a two-hundred day moving average of $105.70. 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 market cap of $208.03 billion, a P/E ratio of 37.69, a price-to-earnings-growth ratio of 1.80 and a beta of 1.54. The Walt Disney Company has a one year low of $80.10 and a one year high of $118.63.

Walt Disney (NYSE:DIS) last announced 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 for 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 quarter in the previous year, the company earned $1.21 EPS. As a group, analysts predict 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.