Journey Advisory Group LLC Sells 1,612 Shares of The Walt Disney Company (NYSE:DIS)

Journey Advisory Group LLC decreased its stake in shares of The Walt Disney Company (NYSE:DIS) by 8.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 16,956 shares of the entertainment giant’s stock after selling 1,612 shares during the period. Journey Advisory Group LLC’s holdings in Walt Disney were worth $1,531,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in DIS. Vanguard Group Inc. grew its position in Walt Disney by 0.7% in the third quarter. Vanguard Group Inc. now owns 149,887,754 shares of the entertainment giant’s stock valued at $12,148,402,000 after purchasing an additional 994,575 shares in the last quarter. Morgan Stanley grew its position in Walt Disney by 0.4% in the third quarter. Morgan Stanley now owns 44,318,444 shares of the entertainment giant’s stock valued at $3,592,010,000 after purchasing an additional 195,512 shares in the last quarter. Trian Fund Management L.P. grew its position in Walt Disney by 411.6% in the third quarter. Trian Fund Management L.P. now owns 32,868,307 shares of the entertainment giant’s stock valued at $2,663,976,000 after purchasing an additional 26,443,257 shares in the last quarter. Northern Trust Corp grew its position in Walt Disney by 10.6% in the third quarter. Northern Trust Corp now owns 24,859,476 shares of the entertainment giant’s stock valued at $2,014,861,000 after purchasing an additional 2,384,407 shares in the last quarter. Finally, Norges Bank bought a new position in Walt Disney in the fourth quarter valued at $1,938,647,000. Institutional investors own 65.71% of the company’s stock.

Wall Street Analyst Weigh In

DIS has been the subject of a number of analyst reports. Macquarie lifted their price objective on shares of Walt Disney from $104.00 to $107.00 and gave the company a “neutral” rating in a research report on Monday, May 13th. Deutsche Bank Aktiengesellschaft lifted 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. UBS Group decreased their price objective on shares of Walt Disney from $140.00 to $130.00 and set a “buy” rating for the company in a research report on Wednesday, May 8th. Redburn Atlantic raised shares of Walt Disney from a “sell” rating to a “neutral” rating and set a $100.00 price objective for the company in a research report on Tuesday, May 21st. Finally, Needham & Company LLC reissued a “buy” rating and issued a $145.00 price objective on shares of Walt Disney in a research report on Tuesday, May 7th. One analyst has rated the stock with a sell rating, three have issued a hold rating and twenty-two have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $126.29.

Walt Disney Stock Performance

Walt Disney stock traded up $0.70 during midday trading on Tuesday, hitting $102.46. The company’s stock had a trading volume of 7,809,675 shares, compared to its average volume of 11,897,532. The Walt Disney Company has a 1-year low of $78.73 and a 1-year high of $123.74. 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 company has a 50-day moving average price of $112.28 and a two-hundred day moving average price of $103.25. The company has a market cap of $186.79 billion, a price-to-earnings ratio of 111.37, a PEG ratio of 1.26 and a beta of 1.40.

Walt Disney (NYSE:DIS) last released its earnings results on Tuesday, May 7th. The entertainment giant reported $1.21 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 period last year, the firm earned $0.93 EPS. The business’s quarterly revenue was up 1.2% compared to the same quarter last year. As a group, sell-side analysts predict that The Walt Disney Company will post 4.76 earnings per share for the current year.

Insider Buying and Selling at Walt Disney

In other Walt Disney news, EVP Sonia L. Coleman sold 1,857 shares of the firm’s stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $121.92, for a total value of $226,405.44. Following the transaction, the executive vice president now directly owns 4,400 shares of the company’s stock, valued at approximately $536,448. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 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. Also, EVP Sonia L. Coleman sold 1,857 shares of Walt Disney stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $121.92, for a total transaction of $226,405.44. Following the sale, the executive vice president now directly owns 4,400 shares in the company, valued at $536,448. The disclosure for this sale can be found here. Insiders own 0.10% of the company’s stock.

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.