Ameritas Investment Partners Inc. Sells 488 Shares of The Walt Disney Company (NYSE:DIS)

Ameritas Investment Partners Inc. cut its holdings in shares of The Walt Disney Company (NYSE:DIS) by 2.2% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 21,241 shares of the entertainment giant’s stock after selling 488 shares during the quarter. Ameritas Investment Partners Inc.’s holdings in Walt Disney were worth $2,599,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the business. BKM Wealth Management LLC acquired a new position in Walt Disney during the fourth quarter worth $39,000. CX Institutional increased its stake in shares of Walt Disney by 131.4% during the 4th quarter. CX Institutional now owns 7,785 shares of the entertainment giant’s stock worth $703,000 after purchasing an additional 4,420 shares during the last quarter. Everhart Financial Group Inc. bought a new stake in shares of Walt Disney in the 4th quarter valued at about $456,000. Compagnie Lombard Odier SCmA lifted its stake in Walt Disney by 7.3% in the 4th quarter. Compagnie Lombard Odier SCmA now owns 574,152 shares of the entertainment giant’s stock valued at $51,840,000 after purchasing an additional 39,188 shares during the last quarter. Finally, Cooper Financial Group grew its holdings in Walt Disney by 7.1% during the fourth quarter. Cooper Financial Group now owns 8,396 shares of the entertainment giant’s stock worth $758,000 after purchasing an additional 554 shares during the period. 65.71% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Walt Disney

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

Walt Disney Price Performance

DIS traded down $3.19 during trading on Tuesday, hitting $90.94. 22,448,725 shares of the stock traded hands, compared to its average volume of 11,327,547. The business has a 50 day moving average price of $100.48 and a 200 day moving average price of $105.38. 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 Walt Disney Company has a twelve month low of $78.73 and a twelve month high of $123.74. The company has a market cap of $165.79 billion, a price-to-earnings ratio of 99.12, a PEG ratio of 1.19 and a beta of 1.40.

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

Analyst Ratings Changes

Several research analysts have recently commented on the company. Guggenheim lifted their target price on Walt Disney from $125.00 to $140.00 and gave the stock a “buy” rating in a research note on Wednesday, April 3rd. Daiwa Capital Markets reiterated a “buy” rating and issued a $133.00 price objective on shares of Walt Disney in a report on Monday, April 1st. UBS Group cut their target price on shares of Walt Disney from $140.00 to $130.00 and set a “buy” rating for the company in a research note on Wednesday, May 8th. Wells Fargo & Company upped their price target on shares of Walt Disney from $128.00 to $141.00 and gave the company an “overweight” rating in a research note on Tuesday, April 23rd. Finally, Rosenblatt Securities raised their price objective on shares of Walt Disney from $129.00 to $137.00 and gave the stock a “buy” rating in a research report on Tuesday, April 2nd. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and twenty-three have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $126.44.

About Walt Disney

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.