Worth Asset Management LLC Lowers Position in The Walt Disney Company (NYSE:DIS)

Worth Asset Management LLC trimmed its position in shares of The Walt Disney Company (NYSE:DIS) by 65.1% during the 1st quarter, HoldingsChannel.com reports. The fund owned 4,247 shares of the entertainment giant’s stock after selling 7,920 shares during the period. Worth Asset Management LLC’s holdings in Walt Disney were worth $419,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the company. Mpwm Advisory Solutions LLC purchased a new stake in Walt Disney in the fourth quarter worth $27,000. FPC Investment Advisory Inc. bought a new stake in shares of Walt Disney during the 4th quarter valued at $28,000. Tacita Capital Inc grew its position in shares of Walt Disney by 93.2% in the 4th quarter. Tacita Capital Inc now owns 257 shares of the entertainment giant’s stock worth $29,000 after buying an additional 124 shares during the period. Pilgrim Partners Asia Pte Ltd bought a new position in shares of Walt Disney in the 4th quarter worth about $32,000. Finally, Midwest Capital Advisors LLC purchased a new position in Walt Disney during the 4th quarter valued at about $34,000. 65.71% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, EVP Brent Woodford sold 1,000 shares of Walt Disney stock in a transaction on Tuesday, May 13th. The shares were sold at an average price of $110.84, for a total transaction of $110,840.00. Following the transaction, the executive vice president now owns 46,831 shares in the company, valued at approximately $5,190,748.04. The trade was a 2.09% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.16% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the stock. Rosenblatt Securities restated a “buy” rating and issued a $135.00 price objective on shares of Walt Disney in a report on Monday, February 10th. Loop Capital upped their price target on Walt Disney from $120.00 to $125.00 and gave the stock a “buy” rating in a research note on Thursday, May 8th. Prescient Securities lowered their price objective on Walt Disney from $130.00 to $115.00 and set a “neutral” rating for the company in a research note on Tuesday, February 4th. Barclays boosted their target price on Walt Disney from $115.00 to $120.00 and gave the stock an “overweight” rating in a report on Thursday, May 8th. Finally, UBS Group raised their price target on Walt Disney from $105.00 to $120.00 and gave the company a “buy” rating in a report on Thursday, May 8th. Six research analysts have rated the stock with a hold rating, seventeen have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $123.54.

Walt Disney Trading Up 0.9%

Shares of Walt Disney stock opened at $113.05 on Monday. The Walt Disney Company has a 1-year low of $80.10 and a 1-year high of $118.63. The company’s fifty day simple moving average is $97.05 and its 200-day simple moving average is $105.68. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.68 and a quick ratio of 0.62. The stock has a market capitalization of $203.24 billion, a PE ratio of 36.82, a P/E/G ratio of 1.80 and a beta of 1.49.

Walt Disney (NYSE:DIS) last released its quarterly earnings results on Wednesday, May 7th. The entertainment giant reported $1.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.21 by $0.24. The business had revenue of $23.62 billion during the quarter, compared to analyst estimates of $23.15 billion. Walt Disney had a return on equity of 9.95% and a net margin of 6.07%. Walt Disney’s revenue for the quarter was up 7.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.21 earnings per share. As a group, equities analysts anticipate that The Walt Disney Company will post 5.47 earnings per share for the current year.

About Walt Disney

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.