Janney Capital Management LLC Decreases Stock Position in The Walt Disney Company (NYSE:DIS)

Janney Capital Management LLC lessened its position in The Walt Disney Company (NYSE:DIS) by 14.6% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,903 shares of the entertainment giant’s stock after selling 495 shares during the quarter. Janney Capital Management LLC’s holdings in Walt Disney were worth $287,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Geode Capital Management LLC lifted its position in shares of Walt Disney by 2.2% in the fourth quarter. Geode Capital Management LLC now owns 38,482,309 shares of the entertainment giant’s stock valued at $4,272,590,000 after acquiring an additional 809,989 shares in the last quarter. Northern Trust Corp lifted its position in shares of Walt Disney by 10.4% in 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 in 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 lifted its position 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 valued at $1,904,563,000 after acquiring an additional 2,300,912 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position 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 valued at $1,878,142,000 after acquiring an additional 3,016,339 shares in the last quarter. Hedge funds and other institutional investors own 65.71% of the company’s stock.

Insider Activity

In other news, EVP Brent Woodford sold 1,000 shares of Walt Disney stock in a transaction 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 sale, the executive vice president now directly owns 46,831 shares of the company’s stock, valued at approximately $5,190,748.04. The trade was a 2.09% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders own 0.16% of the company’s stock.

Walt Disney Price Performance

DIS stock opened at $117.72 on Friday. The business has a fifty day moving average of $104.04 and a two-hundred day moving average of $105.87. 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 stock has a market cap of $211.64 billion, a price-to-earnings ratio of 24.07, a price-to-earnings-growth ratio of 1.73 and a beta of 1.54. The Walt Disney Company has a 52-week low of $80.10 and a 52-week high of $120.50.

Walt Disney (NYSE:DIS) last issued its quarterly earnings data on Wednesday, May 7th. The entertainment giant reported $1.45 earnings per share for the quarter, beating analysts’ consensus estimates of $1.21 by $0.24. Walt Disney had a return on equity of 9.99% and a net margin of 9.47%. The business had revenue of $23.62 billion during the quarter, compared to analysts’ expectations of $23.15 billion. During the same period in the previous year, the firm posted $1.21 earnings per share. The company’s revenue was up 7.0% on a year-over-year basis. As a group, research analysts anticipate that The Walt Disney Company will post 5.47 earnings per share for the current year.

Wall Street Analysts Forecast Growth

DIS has been the topic of several research reports. Needham & Company LLC restated a “buy” rating and issued a $125.00 target price on shares of Walt Disney in a research report on Thursday, May 8th. Loop Capital increased their price target on Walt Disney from $125.00 to $130.00 and gave the company a “buy” rating in a report on Tuesday, June 10th. Wolfe Research raised Walt Disney from a “peer perform” rating to an “outperform” rating and set a $112.00 price target for the company in a report on Monday, April 21st. Guggenheim cut their price target on Walt Disney from $130.00 to $120.00 and set a “buy” rating for the company in a report on Thursday, May 8th. Finally, UBS Group increased their price target on Walt Disney from $105.00 to $120.00 and gave the company a “buy” rating in a report on Thursday, May 8th. Six equities research 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’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $123.96.

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.