The Walt Disney Company (NYSE:DIS) Shares Sold by Eagle Global Advisors LLC

Eagle Global Advisors LLC lessened its position in The Walt Disney Company (NYSE:DIS) by 63.2% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 36,048 shares of the entertainment giant’s stock after selling 61,960 shares during the period. Eagle Global Advisors LLC’s holdings in Walt Disney were worth $3,255,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in DIS. Syon Capital LLC acquired a new stake in shares of Walt Disney in the third quarter valued at about $348,000. NBC Securities Inc. purchased a new stake in Walt Disney in the third quarter valued at approximately $2,099,000. Breakwater Capital Group grew its holdings in Walt Disney by 9.7% in the third quarter. Breakwater Capital Group now owns 7,760 shares of the entertainment giant’s stock valued at $629,000 after purchasing an additional 683 shares during the period. AR Asset Management Inc. lifted its position in Walt Disney by 2.7% during the third quarter. AR Asset Management Inc. now owns 55,755 shares of the entertainment giant’s stock valued at $4,519,000 after buying an additional 1,465 shares in the last quarter. Finally, Wilbanks Smith & Thomas Asset Management LLC lifted its position in shares of Walt Disney by 4.8% during the third quarter. Wilbanks Smith & Thomas Asset Management LLC now owns 85,538 shares of the entertainment giant’s stock worth $6,933,000 after purchasing an additional 3,950 shares in the last quarter. Institutional investors and hedge funds own 65.71% of the company’s stock.

Insider Activity

In other news, EVP Sonia L. Coleman sold 4,400 shares of Walt Disney stock in a transaction that occurred on Thursday, May 9th. The shares were 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 this link. In other Walt Disney news, Director James P. Gorman purchased 20,000 shares of the firm’s stock in a transaction on Wednesday, May 8th. The shares were purchased at an average price of $106.03 per share, for a total transaction of $2,120,600.00. Following the completion of the purchase, the director now directly owns 20,467 shares of the company’s stock, valued at $2,170,116.01. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Sonia L. Coleman sold 4,400 shares of Walt Disney stock in a transaction on Thursday, May 9th. The stock was 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. Insiders own 0.10% of the company’s stock.

Walt Disney Stock Up 1.1 %

DIS traded up $1.10 during midday trading on Friday, hitting $101.76. 6,269,479 shares of the company’s stock traded hands, compared to its average volume of 11,937,832. The company has a market cap of $185.51 billion, a PE ratio of 110.32, a price-to-earnings-growth ratio of 1.28 and a beta of 1.40. The stock’s fifty day simple moving average is $112.72 and its 200-day simple moving average is $102.79. 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 one year low of $78.73 and a one year high of $123.74.

Walt Disney (NYSE:DIS) last issued its quarterly earnings data on Tuesday, May 7th. The entertainment giant reported $1.21 earnings per share 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 last year, the firm earned $0.93 earnings per share. The company’s revenue for the quarter was up 1.2% on a year-over-year basis. As a group, equities analysts anticipate that The Walt Disney Company will post 4.76 earnings per share for the current fiscal year.

Analyst Ratings Changes

DIS has been the subject of a number of research analyst reports. Bank of America lifted their price target on shares of Walt Disney from $130.00 to $145.00 and gave the stock a “buy” rating in a research note on Monday, April 1st. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Walt Disney from $125.00 to $130.00 and gave the company a “buy” rating in a research report on Monday, May 6th. Tigress Financial restated a “buy” rating and set a $136.00 price objective on shares of Walt Disney in a research report on Wednesday, February 21st. Barclays reduced their price objective 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, Morgan Stanley raised their target price on shares of Walt Disney from $110.00 to $135.00 and gave the stock an “overweight” rating in a report on Monday, March 4th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and twenty-three have given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $125.52.

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.