The Walt Disney Company (NYSE:DIS) Shares Sold by Boltwood Capital Management

Boltwood Capital Management trimmed its holdings in The Walt Disney Company (NYSE:DIS) by 1.3% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 13,383 shares of the entertainment giant’s stock after selling 175 shares during the quarter. Boltwood Capital Management’s holdings in Walt Disney were worth $1,321,000 at the end of the most recent quarter.

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

Analyst Upgrades and Downgrades

Several brokerages recently commented on DIS. Wolfe Research raised shares of Walt Disney from a “peer perform” rating to an “outperform” rating and set a $112.00 price target for the company in a research report on Monday, April 21st. Morgan Stanley boosted their price objective on shares of Walt Disney from $110.00 to $120.00 and gave the stock an “overweight” rating in a research note on Thursday, May 8th. UBS Group upped their target price on shares of Walt Disney from $105.00 to $120.00 and gave the company a “buy” rating in a research note on Thursday, May 8th. Rosenblatt Securities upped their price target on shares of Walt Disney from $135.00 to $140.00 and gave the company a “buy” rating in a report on Tuesday. Finally, Barclays increased their target price on shares of Walt Disney from $115.00 to $120.00 and gave the stock an “overweight” rating in a report on Thursday, May 8th. Six investment analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, Walt Disney currently has an average rating of “Moderate Buy” and an average target price of $123.75.

Insiders Place Their Bets

In other Walt Disney 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 completion of the transaction, the executive vice president now directly owns 46,831 shares of the company’s stock, valued at $5,190,748.04. The trade was a 2.09% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 0.16% of the company’s stock.

Walt Disney Trading Down 0.1%

Shares of Walt Disney stock opened at $113.54 on Thursday. The Walt Disney Company has a 1 year low of $80.10 and a 1 year high of $118.63. The company has a current ratio of 0.68, a quick ratio of 0.62 and a debt-to-equity ratio of 0.36. The company’s fifty day simple moving average is $97.87 and its 200-day simple moving average is $105.75. The company has a market cap of $204.12 billion, a price-to-earnings ratio of 36.98, a PEG 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 analysts’ consensus estimates of $1.21 by $0.24. The business had revenue of $23.62 billion during the quarter, compared to analysts’ expectations of $23.15 billion. Walt Disney had a return on equity of 9.95% and a net margin of 6.07%. The firm’s revenue for the quarter was up 7.0% compared to the same quarter last year. During the same period in the previous year, the business posted $1.21 earnings per share. As a group, sell-side analysts expect that The Walt Disney Company will post 5.47 EPS for the current 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.