Valeo Financial Advisors LLC Sells 7,976 Shares of The Walt Disney Company (NYSE:DIS)

Valeo Financial Advisors LLC trimmed its position in The Walt Disney Company (NYSE:DIS) by 6.8% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 108,478 shares of the entertainment giant’s stock after selling 7,976 shares during the period. Valeo Financial Advisors LLC’s holdings in Walt Disney were worth $13,273,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Naviter Wealth LLC increased its stake in Walt Disney by 10.1% in the 1st quarter. Naviter Wealth LLC now owns 16,278 shares of the entertainment giant’s stock valued at $1,992,000 after buying an additional 1,494 shares during the last quarter. Quattro Financial Advisors LLC raised its holdings in Walt Disney by 22,488.9% during the first quarter. Quattro Financial Advisors LLC now owns 20,330 shares of the entertainment giant’s stock worth $2,488,000 after acquiring an additional 20,240 shares in the last quarter. State of Michigan Retirement System raised its holdings in Walt Disney by 4.2% during the first quarter. State of Michigan Retirement System now owns 782,566 shares of the entertainment giant’s stock worth $95,755,000 after acquiring an additional 31,600 shares in the last quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH grew its stake in Walt Disney by 81.8% in the first quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH now owns 1,873 shares of the entertainment giant’s stock valued at $229,000 after purchasing an additional 843 shares in the last quarter. Finally, Dash Acquisitions Inc. grew its stake in Walt Disney by 8.4% in the first quarter. Dash Acquisitions Inc. now owns 13,965 shares of the entertainment giant’s stock valued at $1,577,000 after purchasing an additional 1,077 shares in the last quarter. 65.71% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on DIS. Wells Fargo & Company upped their target price on shares of Walt Disney from $128.00 to $141.00 and gave the company an “overweight” rating in a report on Tuesday, April 23rd. The Goldman Sachs Group started coverage on Walt Disney in a research note on Tuesday, June 25th. They set a “buy” rating and a $125.00 target price for the company. Moffett Nathanson dropped their price target on Walt Disney from $130.00 to $125.00 and set a “buy” rating on the stock in a research note on Tuesday. UBS Group reduced 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. Finally, Rosenblatt Securities increased their price objective on shares of Walt Disney from $129.00 to $137.00 and gave the company a “buy” rating in a research report on Tuesday, April 2nd. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and twenty-three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $126.44.

Insider Activity at Walt Disney

In other news, Director James P. Gorman acquired 20,000 shares of Walt Disney stock in a transaction that occurred on Wednesday, May 8th. The shares were acquired at an average price of $106.03 per share, for a total transaction of $2,120,600.00. Following the transaction, the director now directly owns 20,467 shares of the company’s stock, valued at approximately $2,170,116.01. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Walt Disney news, Director James P. Gorman acquired 20,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 8th. The stock was acquired at an average price of $106.03 per share, for a total transaction of $2,120,600.00. Following the acquisition, the director now directly owns 20,467 shares in the company, valued at $2,170,116.01. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Sonia L. Coleman sold 4,400 shares of the business’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 transaction of $466,400.00. The disclosure for this sale can be found here. 0.10% of the stock is owned by insiders.

Walt Disney Price Performance

NYSE DIS traded up $0.62 on Wednesday, hitting $98.61. 5,016,329 shares of the company’s stock were exchanged, compared to its average volume of 11,481,354. The stock has a 50-day moving average of $104.17 and a 200-day moving average of $104.81. The stock has a market cap of $179.77 billion, a price-to-earnings ratio of 107.19, a P/E/G 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 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 data on Tuesday, May 7th. The entertainment giant reported $1.21 earnings per share for the quarter, beating the consensus estimate of $1.12 by $0.09. The business had revenue of $22.08 billion for the quarter, compared to analyst estimates of $22.12 billion. Walt Disney had a return on equity of 8.37% and a net margin of 1.90%. Walt Disney’s revenue was up 1.2% compared to the same quarter last year. During the same period last year, the firm posted $0.93 earnings per share. Analysts expect that The Walt Disney Company will post 4.76 earnings per share for the current year.

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.