Courier Capital LLC Decreases Position in The Walt Disney Company (NYSE:DIS)

Courier Capital LLC lowered its stake in shares of The Walt Disney Company (NYSE:DIS) by 10.8% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 48,116 shares of the entertainment giant’s stock after selling 5,815 shares during the quarter. Courier Capital LLC’s holdings in Walt Disney were worth $5,887,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also modified their holdings of the stock. Avitas Wealth Management LLC boosted its stake in shares of Walt Disney by 2.2% in the 4th quarter. Avitas Wealth Management LLC now owns 11,037 shares of the entertainment giant’s stock valued at $997,000 after buying an additional 238 shares during the period. WNY Asset Management LLC lifted its stake in Walt Disney by 32.8% in the third quarter. WNY Asset Management LLC now owns 9,321 shares of the entertainment giant’s stock worth $756,000 after acquiring an additional 2,304 shares during the last quarter. Telos Capital Management Inc. grew its holdings in Walt Disney by 1.7% during the 4th quarter. Telos Capital Management Inc. now owns 74,767 shares of the entertainment giant’s stock worth $6,751,000 after acquiring an additional 1,236 shares in the last quarter. Howard Capital Management Group LLC grew its holdings in Walt Disney by 1.8% during the 4th quarter. Howard Capital Management Group LLC now owns 213,601 shares of the entertainment giant’s stock worth $19,286,000 after acquiring an additional 3,716 shares in the last quarter. Finally, Valmark Advisers Inc. raised its holdings in shares of Walt Disney by 4.9% in the 4th quarter. Valmark Advisers Inc. now owns 7,744 shares of the entertainment giant’s stock valued at $699,000 after purchasing an additional 359 shares in the last quarter. 65.71% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Walt Disney news, EVP Sonia L. Coleman sold 4,400 shares of the business’s stock in a transaction on Thursday, May 9th. The shares were sold at an average price of $106.00, for a total transaction of $466,400.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 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 transaction of $466,400.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Sonia L. Coleman sold 1,857 shares of the company’s stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $121.92, for a total value of $226,405.44. Following the completion of the sale, the executive vice president now owns 4,400 shares in the company, valued at approximately $536,448. The disclosure for this sale can be found here. Insiders own 0.10% of the company’s stock.

Walt Disney Stock Performance

Walt Disney stock traded down $2.98 during trading hours on Friday, reaching $99.19. 20,064,295 shares of the stock were exchanged, compared to its average volume of 11,476,423. The stock has a market cap of $180.83 billion, a P/E ratio of 110.87, a P/E/G ratio of 1.27 and a beta of 1.40. The firm’s 50 day moving average is $105.23 and its 200 day moving average is $104.53. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.69 and a current ratio of 0.75. The Walt Disney Company has a 52-week low of $78.73 and a 52-week high of $123.74.

Walt Disney (NYSE:DIS) last posted its quarterly earnings results on Tuesday, May 7th. The entertainment giant reported $1.21 earnings per share (EPS) for the quarter, topping 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 during the quarter, compared to analysts’ expectations of $22.12 billion. During the same period in the prior year, the company posted $0.93 earnings per share. The firm’s revenue for the quarter was up 1.2% on a year-over-year basis. Analysts predict that The Walt Disney Company will post 4.75 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages recently commented on DIS. Argus boosted their target price on shares of Walt Disney from $125.00 to $140.00 and gave the stock a “buy” rating in a research note on Wednesday, April 10th. The Goldman Sachs Group assumed coverage on Walt Disney in a report on Tuesday. They issued a “buy” rating and a $125.00 price objective on the stock. Bank of America upped their price target on Walt Disney from $130.00 to $145.00 and gave the company a “buy” rating in a report on Monday, April 1st. Barclays dropped their price target on shares of Walt Disney from $135.00 to $130.00 and set an “overweight” rating on the stock in a research note on Wednesday, May 8th. Finally, Needham & Company LLC restated a “buy” rating and set a $145.00 price objective on shares of Walt Disney in a research report on Tuesday, May 7th. One research 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’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $126.50.

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.