The Walt Disney Company (NYSE:DIS) Stake Trimmed by Carson Advisory Inc.

Carson Advisory Inc. trimmed its position in The Walt Disney Company (NYSE:DIS) by 3.3% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,085 shares of the entertainment giant’s stock after selling 171 shares during the quarter. Carson Advisory Inc.’s holdings in Walt Disney were worth $622,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in the company. Norges Bank purchased a new stake in shares of Walt Disney in the fourth quarter valued at $1,938,647,000. Jennison Associates LLC acquired a new stake in Walt Disney during the 1st quarter worth about $1,490,492,000. ValueAct Holdings L.P. purchased a new position in Walt Disney during the 4th quarter valued at about $459,245,000. International Assets Investment Management LLC increased its holdings in shares of Walt Disney by 8,681.3% in the 4th quarter. International Assets Investment Management LLC now owns 3,349,709 shares of the entertainment giant’s stock valued at $302,445,000 after purchasing an additional 3,311,563 shares during the period. Finally, California Public Employees Retirement System lifted its position in shares of Walt Disney by 34.8% in the fourth quarter. California Public Employees Retirement System now owns 6,646,336 shares of the entertainment giant’s stock worth $600,098,000 after purchasing an additional 1,716,259 shares in the last quarter. 65.71% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Walt Disney

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

Analysts Set New Price Targets

Several research analysts have weighed in on DIS shares. JPMorgan Chase & Co. assumed coverage on shares of Walt Disney in a research note on Thursday, April 11th. They issued an “overweight” rating and a $140.00 price objective on the stock. Barclays dropped their target price on Walt Disney from $135.00 to $130.00 and set an “overweight” rating on the stock in a research report on Wednesday, May 8th. Wells Fargo & Company boosted their price target on Walt Disney from $128.00 to $141.00 and gave the company an “overweight” rating in a research note on Tuesday, April 23rd. Rosenblatt Securities raised their price objective on shares of Walt Disney from $129.00 to $137.00 and gave the company a “buy” rating in a research report on Tuesday, April 2nd. Finally, Loop Capital boosted their target price on shares of Walt Disney from $113.00 to $140.00 and gave the stock a “buy” rating in a research report on Monday, May 6th. One analyst has rated the stock with a sell rating, three have given a hold rating and twenty-three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $126.44.

Walt Disney Stock Performance

Shares of DIS stock traded down $0.08 during mid-day trading on Wednesday, reaching $96.97. The stock had a trading volume of 7,617,282 shares, compared to its average volume of 11,385,722. The firm has a market cap of $176.78 billion, a PE ratio of 104.99, a P/E/G ratio of 1.21 and a beta of 1.40. The company has a quick ratio of 0.69, a current ratio of 0.75 and a debt-to-equity ratio of 0.38. The Walt Disney Company has a one year low of $78.73 and a one year high of $123.74. The firm’s 50 day simple moving average is $102.71 and its 200 day simple moving average is $105.01.

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