The Walt Disney Company (NYSE:DIS) EVP Sells $466,400.00 in Stock

The Walt Disney Company (NYSE:DIS) EVP Sonia L. Coleman sold 4,400 shares of Walt Disney stock in a transaction that occurred on Thursday, May 9th. The shares were sold at an average price of $106.00, for a total transaction of $466,400.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Walt Disney Price Performance

Shares of Walt Disney stock opened at $106.48 on Friday. The firm has a market cap of $195.32 billion, a PE ratio of 115.00, a price-to-earnings-growth ratio of 1.39 and a beta of 1.40. The company’s fifty day simple moving average is $114.48 and its two-hundred day simple moving average is $101.24. The company has a quick ratio of 0.77, a current ratio of 0.84 and a debt-to-equity ratio of 0.39. The Walt Disney Company has a 12-month low of $78.73 and a 12-month high of $123.74.

Walt Disney (NYSE:DIS) last announced its quarterly earnings results on Tuesday, May 7th. The entertainment giant reported $1.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.12 by $0.09. The company had revenue of $22.08 billion for the quarter, compared to the consensus estimate of $22.12 billion. Walt Disney had a return on equity of 7.88% and a net margin of 3.36%. Walt Disney’s revenue was up 1.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.93 EPS. As a group, equities analysts expect that The Walt Disney Company will post 4.7 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on DIS shares. Rosenblatt Securities boosted their price target on Walt Disney from $129.00 to $137.00 and gave the stock a “buy” rating in a report on Tuesday, April 2nd. Argus upped their target price on Walt Disney from $125.00 to $140.00 and gave the stock a “buy” rating in a report on Wednesday, April 10th. Macquarie boosted their price target on Walt Disney from $94.00 to $104.00 and gave the stock a “neutral” rating in a report on Thursday, February 8th. Evercore ISI cut their target price on shares of Walt Disney from $130.00 to $128.00 and set an “outperform” rating on the stock in a research report on Wednesday. Finally, Wells Fargo & Company raised their target price on Walt Disney from $128.00 to $141.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 23rd. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and twenty-three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Walt Disney presently has a consensus rating of “Moderate Buy” and an average target price of $126.46.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. raised its position in shares of Walt Disney by 1.0% in the 4th quarter. Vanguard Group Inc. now owns 151,443,502 shares of the entertainment giant’s stock worth $13,673,834,000 after purchasing an additional 1,555,748 shares during the last quarter. Morgan Stanley raised its stake in shares of Walt Disney by 0.4% in the third quarter. Morgan Stanley now owns 44,318,444 shares of the entertainment giant’s stock worth $3,592,010,000 after purchasing an additional 195,512 shares during the last quarter. Trian Fund Management L.P. raised its position in Walt Disney by 411.6% in the 3rd quarter. Trian Fund Management L.P. now owns 32,868,307 shares of the entertainment giant’s stock worth $2,663,976,000 after buying an additional 26,443,257 shares during the last quarter. Northern Trust Corp lifted its stake in Walt Disney by 10.6% during the 3rd quarter. Northern Trust Corp now owns 24,859,476 shares of the entertainment giant’s stock valued at $2,014,861,000 after acquiring an additional 2,384,407 shares during the period. Finally, Norges Bank purchased a new position in shares of Walt Disney during the fourth quarter valued at approximately $1,938,647,000. Institutional investors own 65.71% of the company’s stock.

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.