MV Capital Management Inc. Sells 7,214 Shares of The Walt Disney Company (NYSE:DIS)

MV Capital Management Inc. decreased its position in shares of The Walt Disney Company (NYSE:DIS) by 66.7% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,606 shares of the entertainment giant’s stock after selling 7,214 shares during the quarter. MV Capital Management Inc.’s holdings in Walt Disney were worth $441,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the company. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH grew its stake in Walt Disney by 81.8% during the first quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH now owns 1,873 shares of the entertainment giant’s stock valued at $229,000 after acquiring an additional 843 shares in the last quarter. Dash Acquisitions Inc. lifted its stake in shares of Walt Disney by 8.4% in the first quarter. Dash Acquisitions Inc. now owns 13,965 shares of the entertainment giant’s stock worth $1,577,000 after buying an additional 1,077 shares in the last quarter. Capital Advisors Ltd. LLC raised its holdings in shares of Walt Disney by 4.8% during the first quarter. Capital Advisors Ltd. LLC now owns 2,531 shares of the entertainment giant’s stock valued at $310,000 after purchasing an additional 115 shares during the last quarter. Leonard Rickey Investment Advisors P.L.L.C. grew its position in shares of Walt Disney by 5.3% during the 1st quarter. Leonard Rickey Investment Advisors P.L.L.C. now owns 2,552 shares of the entertainment giant’s stock valued at $312,000 after acquiring an additional 128 shares during the period. Finally, Vaughan Nelson Investment Management L.P. increased its stake in Walt Disney by 84.6% in the 1st quarter. Vaughan Nelson Investment Management L.P. now owns 2,000,267 shares of the entertainment giant’s stock worth $244,754,000 after buying an additional 916,772 shares in the last quarter. 65.71% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, EVP Sonia L. Coleman sold 4,400 shares of Walt Disney 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 filing with the Securities & Exchange Commission, which is available at this link. In other Walt Disney news, EVP Sonia L. Coleman sold 4,400 shares of the firm’s stock in a transaction that occurred on Thursday, May 9th. The stock was sold at an average price of $106.00, for a total value of $466,400.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director James P. Gorman acquired 20,000 shares of the company’s stock in a transaction on Wednesday, May 8th. The stock was acquired at an average cost 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 approximately $2,170,116.01. The disclosure for this purchase can be found here. Insiders own 0.10% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently commented on DIS shares. UBS Group lowered their price target on shares of Walt Disney from $140.00 to $130.00 and set a “buy” rating for the company in a report on Wednesday, May 8th. Needham & Company LLC reissued a “buy” rating and set a $145.00 price target on shares of Walt Disney in a research report on Tuesday, May 7th. Moffett Nathanson dropped their target price on Walt Disney from $130.00 to $125.00 and set a “buy” rating on the stock in a research report on Tuesday. JPMorgan Chase & Co. began coverage on Walt Disney in a report on Thursday, April 11th. They issued an “overweight” rating and a $140.00 price objective on the stock. Finally, Loop Capital boosted their price objective on Walt Disney from $113.00 to $140.00 and gave the stock a “buy” rating in a research note on Monday, May 6th. One research 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 stock. According to data from MarketBeat, Walt Disney has a consensus rating of “Moderate Buy” and a consensus price target of $126.44.

Walt Disney Stock Down 0.1 %

Shares of NYSE:DIS traded down $0.05 during trading on Tuesday, hitting $97.99. 11,191,534 shares of the company’s stock traded hands, compared to its average volume of 11,515,610. The company has a market cap of $178.64 billion, a price-to-earnings ratio of 105.98, a price-to-earnings-growth ratio of 1.23 and a beta of 1.40. The Walt Disney Company has a 52 week low of $78.73 and a 52 week high of $123.74. The company has a 50-day moving average price of $104.48 and a 200-day moving average price of $104.77. The company has a current ratio of 0.75, a quick ratio of 0.69 and a debt-to-equity ratio of 0.38.

Walt Disney (NYSE:DIS) last released its quarterly earnings results on Tuesday, May 7th. The entertainment giant reported $1.21 EPS for the quarter, topping analysts’ consensus estimates of $1.12 by $0.09. Walt Disney had a net margin of 1.90% and a return on equity of 8.37%. The business 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 earnings per share. Walt Disney’s revenue for the quarter was up 1.2% compared to the same quarter last year. As a group, research analysts forecast that The Walt Disney Company will post 4.76 EPS for the current fiscal 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.