The Walt Disney Company (NYSE:DIS) Shares Sold by Hartford Investment Management Co.

by · The Cerbat Gem

Hartford Investment Management Co. trimmed its holdings in The Walt Disney Company (NYSE:DIS – Free Report) by 1.5% in the first quarter, HoldingsChannel.com reports. The firm owned 110,292 shares of the entertainment giant’s stock after selling 1,636 shares during the quarter. Hartford Investment Management Co.’s holdings in Walt Disney were worth $10,886,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in DIS. Mpwm Advisory Solutions LLC acquired a new position in Walt Disney in the fourth quarter valued at $27,000. MJT & Associates Financial Advisory Group Inc. purchased a new stake in shares of Walt Disney in the 1st quarter valued at about $26,000. Kessler Investment Group LLC boosted its position in shares of Walt Disney by 274.0% in the 1st quarter. Kessler Investment Group LLC now owns 273 shares of the entertainment giant’s stock valued at $27,000 after purchasing an additional 200 shares during the period. Pilgrim Partners Asia Pte Ltd acquired a new stake in shares of Walt Disney in the 4th quarter valued at about $32,000. Finally, Copia Wealth Management purchased a new position in Walt Disney during the 4th quarter worth approximately $36,000. 65.71% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, EVP Brent Woodford sold 1,000 shares of the company’s stock in a transaction that occurred 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 sale, the executive vice president owned 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.16% of the stock is owned by corporate insiders.

Walt Disney Trading Down 0.4%

NYSE:DIS opened at $119.08 on Friday. The Walt Disney Company has a 52-week low of $80.10 and a 52-week high of $124.69. 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 fifty day simple moving average of $118.62 and a 200-day simple moving average of $107.66. The company has a market capitalization of $214.08 billion, a PE ratio of 24.35, a price-to-earnings-growth ratio of 1.75 and a beta of 1.56.

Walt Disney (NYSE:DIS – Get Free Report) last posted its earnings results on Wednesday, May 7th. The entertainment giant reported $1.45 earnings per share for the quarter, beating the consensus estimate of $1.21 by $0.24. Walt Disney had a net margin of 9.47% and a return on equity of 9.99%. The firm had revenue of $23.62 billion during the quarter, compared to the consensus estimate of $23.15 billion. During the same period last year, the firm posted $1.21 EPS. The firm’s revenue for the quarter was up 7.0% on a year-over-year basis. On average, equities research analysts expect that The Walt Disney Company will post 5.47 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. Jefferies Financial Group upgraded Walt Disney from a “hold” rating to a “buy” rating and boosted their price objective for the company from $100.00 to $144.00 in a research note on Monday, June 30th. Citigroup upped their price target on shares of Walt Disney from $125.00 to $140.00 and gave the company a “buy” rating in a research report on Wednesday, July 9th. UBS Group raised their price objective on shares of Walt Disney from $120.00 to $138.00 and gave the stock a “buy” rating in a research report on Wednesday, July 16th. Wolfe Research upgraded shares of Walt Disney from a “peer perform” rating to an “outperform” rating and set a $112.00 price objective on the stock in a research note on Monday, April 21st. Finally, Needham & Company LLC reiterated a “buy” rating and set a $125.00 target price on shares of Walt Disney in a research note on Thursday, May 8th. Five investment analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $128.70.

Get Our Latest Stock Analysis on DIS

About Walt Disney

(Free Report)

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.

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