The Walt Disney Company (NYSE:DIS) Shares Sold by New England Research & Management Inc.

New England Research & Management Inc. lessened its position in The Walt Disney Company (NYSE:DIS) by 1.5% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 16,087 shares of the entertainment giant’s stock after selling 245 shares during the period. New England Research & Management Inc.’s holdings in Walt Disney were worth $1,436,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of DIS. Moneta Group Investment Advisors LLC raised its position in shares of Walt Disney by 109,924.5% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 23,666,275 shares of the entertainment giant’s stock valued at $2,056,126,000 after buying an additional 23,644,765 shares during the last quarter. Norges Bank purchased a new stake in Walt Disney in the fourth quarter valued at approximately $1,433,075,000. Providence Capital Advisors LLC grew its holdings in Walt Disney by 11,064.4% in the first quarter. Providence Capital Advisors LLC now owns 10,982,227 shares of the entertainment giant’s stock valued at $109,679,000 after purchasing an additional 10,883,859 shares during the period. Trian Fund Management L.P. purchased a new stake in Walt Disney in the fourth quarter valued at approximately $784,509,000. Finally, Morgan Stanley grew its stake in Walt Disney by 13.5% during the fourth quarter. Morgan Stanley now owns 46,172,567 shares of the entertainment giant’s stock worth $4,011,473,000 after buying an additional 5,499,014 shares during the period. Institutional investors and hedge funds own 61.17% of the company’s stock.

Insider Activity

In other news, EVP Sonia L. Coleman sold 959 shares of the firm’s stock in a transaction dated Tuesday, August 1st. The shares were sold at an average price of $89.05, for a total transaction of $85,398.95. Following the completion of the transaction, the executive vice president now owns 961 shares in the company, valued at approximately $85,577.05. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 0.10% of the company’s stock.

Walt Disney Stock Performance

Shares of DIS opened at $84.48 on Friday. The firm has a 50-day moving average price of $85.92 and a 200 day moving average price of $91.85. The firm has a market capitalization of $154.58 billion, a PE ratio of 68.68, a P/E/G ratio of 1.68 and a beta of 1.28. The company has a quick ratio of 1.00, a current ratio of 1.07 and a debt-to-equity ratio of 0.44. The Walt Disney Company has a 52-week low of $79.75 and a 52-week high of $118.18.

Walt Disney (NYSE:DIS) last posted its quarterly earnings data on Wednesday, August 9th. The entertainment giant reported $1.03 earnings per share for the quarter, beating the consensus estimate of $0.99 by $0.04. Walt Disney had a net margin of 2.56% and a return on equity of 6.45%. The company had revenue of $22.33 billion during the quarter, compared to analyst estimates of $22.50 billion. During the same quarter last year, the firm posted $1.09 EPS. The business’s revenue for the quarter was up 3.8% on a year-over-year basis. On average, sell-side analysts anticipate that The Walt Disney Company will post 3.68 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the stock. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Walt Disney from $131.00 to $120.00 in a research note on Tuesday, August 8th. Barclays decreased their price objective on shares of Walt Disney from $107.00 to $88.00 in a research note on Wednesday, June 21st. Credit Suisse Group decreased their target price on shares of Walt Disney from $126.00 to $122.00 and set an “outperform” rating for the company in a research note on Monday, August 21st. Morgan Stanley decreased their target price on shares of Walt Disney from $110.00 to $105.00 and set an “overweight” rating for the company in a research note on Wednesday, July 26th. Finally, Atlantic Securities cut shares of Walt Disney from a “neutral” rating to an “underweight” rating and cut their price target for the company from $113.00 to $76.00 in a report on Tuesday, July 25th. Two analysts have rated the stock with a sell rating, three have given a hold rating and seventeen have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $115.35.

About Walt Disney

The Walt Disney Company, together with its subsidiaries, operates as an entertainment company worldwide. It operates through two segments, Disney Media and Entertainment Distribution; and Disney Parks, Experiences and Products. The company engages in the film and episodic television content production and distribution activities, as well as operates television networks under the ABC, Disney, ESPN, Freeform, FX, Fox, National Geographic, and Star brands; and studios that produces films under the Walt Disney Pictures, Twentieth Century Studios, Marvel, Lucasfilm, Pixar, and Searchlight Pictures banners.