The Walt Disney Company (NYSE:DIS) Shares Sold by Uncommon Cents Investing LLC

Uncommon Cents Investing LLC cut its holdings in The Walt Disney Company (NYSE:DIS) by 4.1% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 10,334 shares of the entertainment giant’s stock after selling 444 shares during the period. Uncommon Cents Investing LLC’s holdings in Walt Disney were worth $1,264,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. First Trust Direct Indexing L.P. increased its position in shares of Walt Disney by 13.0% during the first quarter. First Trust Direct Indexing L.P. now owns 55,261 shares of the entertainment giant’s stock valued at $6,762,000 after acquiring an additional 6,367 shares during the last quarter. Advisor Resource Council increased its holdings in Walt Disney by 61.0% in the 1st quarter. Advisor Resource Council now owns 7,490 shares of the entertainment giant’s stock valued at $916,000 after purchasing an additional 2,839 shares during the last quarter. Abundance Wealth Counselors raised its position in Walt Disney by 2.9% in the first quarter. Abundance Wealth Counselors now owns 10,271 shares of the entertainment giant’s stock valued at $1,257,000 after purchasing an additional 293 shares during the period. Norden Group LLC lifted its stake in Walt Disney by 2,315.3% during the first quarter. Norden Group LLC now owns 219,742 shares of the entertainment giant’s stock worth $26,889,000 after purchasing an additional 210,644 shares in the last quarter. Finally, Bourgeon Capital Management LLC boosted its position in shares of Walt Disney by 24.2% during the first quarter. Bourgeon Capital Management LLC now owns 79,058 shares of the entertainment giant’s stock worth $9,674,000 after buying an additional 15,381 shares during the period. 65.71% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Walt Disney

In related news, EVP Sonia L. Coleman sold 4,400 shares of the firm’s stock in a transaction dated Thursday, May 9th. The shares were sold at an average price of $106.00, for a total value of $466,400.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Walt Disney news, EVP Sonia L. Coleman sold 4,400 shares of the company’s stock in a transaction on Thursday, May 9th. The stock was sold at an average price of $106.00, for a total value of $466,400.00. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director James P. Gorman purchased 20,000 shares of the business’s stock in a transaction dated Wednesday, May 8th. The shares were purchased at an average cost of $106.03 per share, with a total value of $2,120,600.00. Following the purchase, the director now directly owns 20,467 shares in the company, valued at $2,170,116.01. The disclosure for this purchase can be found here. Company insiders own 0.10% of the company’s stock.

Walt Disney Stock Performance

Shares of DIS stock traded up $0.62 during trading hours on Thursday, hitting $98.61. The stock had a trading volume of 5,029,969 shares, compared to its average volume of 9,798,412. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.75 and a quick ratio of 0.69. The firm has a market capitalization of $179.77 billion, a PE ratio of 107.19, a PEG ratio of 1.22 and a beta of 1.40. The stock’s 50 day moving average is $103.86 and its 200 day moving average is $104.76. The Walt Disney Company has a twelve month low of $78.73 and a twelve month high of $123.74.

Walt Disney (NYSE:DIS) last posted its quarterly earnings data on Tuesday, May 7th. The entertainment giant reported $1.21 EPS for the quarter, beating analysts’ consensus estimates of $1.12 by $0.09. The company had revenue of $22.08 billion for the quarter, compared to analyst estimates of $22.12 billion. Walt Disney had a net margin of 1.90% and a return on equity of 8.37%. Walt Disney’s quarterly revenue was up 1.2% on a year-over-year basis. During the same period in the previous year, the business posted $0.93 earnings per share. As a group, research analysts forecast that The Walt Disney Company will post 4.75 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research firms recently issued reports on DIS. Deutsche Bank Aktiengesellschaft boosted their price objective on Walt Disney from $125.00 to $130.00 and gave the company a “buy” rating in a report on Monday, May 6th. Loop Capital lifted their price objective on shares of Walt Disney from $113.00 to $140.00 and gave the company a “buy” rating in a report on Monday, May 6th. UBS Group cut their target price on shares of Walt Disney from $140.00 to $130.00 and set a “buy” rating on the stock in a research note on Wednesday, May 8th. Barclays decreased their price target on shares of Walt Disney from $135.00 to $130.00 and set an “overweight” rating for the company in a research report on Wednesday, May 8th. Finally, Moffett Nathanson cut their price objective on Walt Disney from $130.00 to $125.00 and set a “buy” rating on the stock in a research report on Tuesday. One analyst has rated the stock with a sell rating, three have given a hold rating and twenty-three have issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $126.44.

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.