Financial Security Advisor Inc. Sells 165 Shares of The Walt Disney Company (NYSE:DIS)

Financial Security Advisor Inc. lowered its holdings in shares of The Walt Disney Company (NYSE:DIS) by 3.9% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 4,104 shares of the entertainment giant’s stock after selling 165 shares during the quarter. Financial Security Advisor Inc.’s holdings in Walt Disney were worth $502,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently made changes to their positions in DIS. Norges Bank purchased a new stake in shares of Walt Disney during the 4th quarter valued at about $1,938,647,000. ValueAct Holdings L.P. purchased a new stake in shares of Walt Disney during the 4th quarter valued at about $459,245,000. International Assets Investment Management LLC increased its holdings in Walt Disney by 8,681.3% in the 4th quarter. International Assets Investment Management LLC now owns 3,349,709 shares of the entertainment giant’s stock worth $302,445,000 after acquiring an additional 3,311,563 shares in the last quarter. California Public Employees Retirement System increased its holdings in Walt Disney by 34.8% in the 4th quarter. California Public Employees Retirement System now owns 6,646,336 shares of the entertainment giant’s stock worth $600,098,000 after acquiring an additional 1,716,259 shares in the last quarter. Finally, Vanguard Group Inc. increased its holdings in Walt Disney by 1.0% in the 4th quarter. Vanguard Group Inc. now owns 151,443,502 shares of the entertainment giant’s stock worth $13,673,834,000 after acquiring an additional 1,555,748 shares in the last quarter. Hedge funds and other institutional investors own 65.71% of the company’s stock.

Insider Activity

In other news, Director James P. Gorman purchased 20,000 shares of the business’s stock in a transaction dated 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 owns 20,467 shares in the company, valued at approximately $2,170,116.01. The purchase was disclosed in a document filed with the SEC, which is available at this link. In other Walt Disney news, EVP Sonia L. Coleman sold 4,400 shares of Walt Disney stock in a transaction dated Thursday, May 9th. The stock was 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 available at the SEC website. Also, Director James P. Gorman bought 20,000 shares of the business’s stock in a transaction on Wednesday, May 8th. The stock was bought at an average price of $106.03 per share, for a total transaction of $2,120,600.00. Following the purchase, the director now directly owns 20,467 shares of the company’s stock, valued at $2,170,116.01. The disclosure for this purchase can be found here. Insiders own 0.10% of the company’s stock.

Wall Street Analyst Weigh In

DIS has been the subject of several analyst reports. Evercore ISI reduced their target price on shares of Walt Disney from $130.00 to $128.00 and set an “outperform” rating for the company in a report on Wednesday, May 8th. Barclays reduced their target price on shares of Walt Disney from $135.00 to $130.00 and set an “overweight” rating for the company in a report on Wednesday, May 8th. Argus upped their price target on Walt Disney from $125.00 to $140.00 and gave the stock a “buy” rating in a research note on Wednesday, April 10th. Moffett Nathanson dropped their price target on Walt Disney from $130.00 to $125.00 and set a “buy” rating for the company in a research note on Tuesday. Finally, Deutsche Bank Aktiengesellschaft upped their price target on Walt Disney from $125.00 to $130.00 and gave the stock a “buy” rating in a research note on Monday, May 6th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and twenty-three have assigned a buy rating to the company’s stock. According to MarketBeat.com, Walt Disney has an average rating of “Moderate Buy” and an average price target of $126.44.

Walt Disney Trading Down 0.1 %

DIS stock traded down $0.06 during midday trading on Tuesday, reaching $97.98. The company’s stock had a trading volume of 13,331,440 shares, compared to its average volume of 11,522,665. 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 stock has a fifty day simple moving average of $104.48 and a two-hundred day simple moving average of $104.77. The Walt Disney Company has a 1 year low of $78.73 and a 1 year high of $123.74. The firm has a market capitalization of $178.62 billion, a price-to-earnings ratio of 105.98, a PEG ratio of 1.23 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 earnings per share for the quarter, topping analysts’ consensus estimates of $1.12 by $0.09. Walt Disney had a return on equity of 8.37% and a net margin of 1.90%. The business 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 posted $0.93 earnings per share. The business’s revenue was up 1.2% compared to the same quarter last year. On average, equities research analysts predict that The Walt Disney Company will post 4.76 EPS for the current year.

Walt Disney Profile

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.