The Walt Disney Company (NYSE:DIS) Shares Sold by Exchange Capital Management Inc.

Exchange Capital Management Inc. trimmed its holdings in shares of The Walt Disney Company (NYSE:DIS) by 0.6% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 42,561 shares of the entertainment giant’s stock after selling 253 shares during the quarter. Exchange Capital Management Inc.’s holdings in Walt Disney were worth $5,208,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Leonard Rickey Investment Advisors P.L.L.C. grew its position in Walt Disney by 5.3% in 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 in the last quarter. Vaughan Nelson Investment Management L.P. grew its position 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 valued at $244,754,000 after acquiring an additional 916,772 shares in the last quarter. Tributary Capital Management LLC acquired a new position in Walt Disney in the 1st quarter valued at about $61,000. Steele Capital Management Inc. acquired a new position in Walt Disney in the 1st quarter valued at about $256,000. Finally, Stewart & Patten Co. LLC grew its position in shares of Walt Disney by 0.4% during the first quarter. Stewart & Patten Co. LLC now owns 163,645 shares of the entertainment giant’s stock worth $20,024,000 after buying an additional 685 shares in the last quarter. 65.71% of the stock is owned by institutional investors and hedge funds.

Walt Disney Price Performance

DIS stock traded down $0.58 on Tuesday, reaching $97.46. 6,764,308 shares of the company’s stock were exchanged, compared to its average volume of 11,480,474. The stock has a fifty day moving average of $104.76 and a 200-day moving average of $104.74. The Walt Disney Company has a twelve month low of $78.73 and a twelve month high of $123.74. The firm has a market cap of $177.67 billion, a PE ratio of 105.93, a P/E/G ratio of 1.23 and a beta of 1.40. The company has a quick ratio of 0.69, a current ratio of 0.75 and a debt-to-equity ratio of 0.38.

Walt Disney (NYSE:DIS) last announced its quarterly earnings data 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 firm had revenue of $22.08 billion for the quarter, compared to analyst estimates of $22.12 billion. During the same quarter in the prior year, the company posted $0.93 earnings per share. Walt Disney’s quarterly revenue was up 1.2% on a year-over-year basis. As a group, equities analysts predict that The Walt Disney Company will post 4.76 EPS for the current fiscal year.

Insider Buying and Selling at Walt Disney

In other news, Director James P. Gorman bought 20,000 shares of the stock in a transaction on Wednesday, May 8th. The shares were bought at an average price of $106.03 per share, with a total value of $2,120,600.00. Following the completion of the acquisition, the director now 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 Securities & Exchange Commission, which can be accessed through this link. In other Walt Disney news, EVP Sonia L. Coleman sold 4,400 shares of the stock in a transaction that occurred on Thursday, May 9th. The stock was 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 SEC, which is available at this link. Also, Director James P. Gorman bought 20,000 shares of Walt Disney stock in a transaction on Wednesday, May 8th. The shares were purchased at an average cost of $106.03 per share, for a total transaction of $2,120,600.00. Following the acquisition, the director now owns 20,467 shares in the company, valued at $2,170,116.01. The disclosure for this purchase can be found here. 0.10% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the company. Barclays lowered their price objective on Walt Disney from $135.00 to $130.00 and set an “overweight” rating for the company in a research report on Wednesday, May 8th. Evercore ISI lowered their price objective on Walt Disney from $130.00 to $128.00 and set an “outperform” rating for the company in a research report on Wednesday, May 8th. Needham & Company LLC restated a “buy” rating and set a $145.00 target price on shares of Walt Disney in a research note on Tuesday, May 7th. Argus boosted their target price on Walt Disney from $125.00 to $140.00 and gave the stock a “buy” rating in a research note on Wednesday, April 10th. Finally, Moffett Nathanson decreased their target price on Walt Disney from $130.00 to $125.00 and set a “buy” rating for the company in a research note on Tuesday. One research analyst has rated the stock with a sell rating, three have given a hold rating and twenty-three have assigned a buy rating to the company’s stock. According to MarketBeat.com, Walt Disney currently has a consensus rating of “Moderate Buy” and a consensus price target of $126.44.

Walt Disney Company 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.