Valeo Financial Advisors LLC Reduces Stake in The Walt Disney Company (NYSE:DIS)

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

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Planned Solutions Inc. purchased a new stake in shares of Walt Disney in the 4th quarter valued at about $26,000. Gold Investment Management Ltd. bought a new stake in Walt Disney during the fourth quarter valued at approximately $28,000. Fortis Group Advisors LLC bought a new stake in Walt Disney during the third quarter valued at approximately $30,000. Stone House Investment Management LLC grew its stake in Walt Disney by 355.3% in the 4th quarter. Stone House Investment Management LLC now owns 346 shares of the entertainment giant’s stock worth $31,000 after buying an additional 270 shares in the last quarter. Finally, Partnership Wealth Management LLC bought a new position in shares of Walt Disney in the 4th quarter worth $33,000. 65.71% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Walt Disney

In other news, Director James P. Gorman acquired 20,000 shares of the firm’s stock in a transaction 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 completion of the acquisition, the director now 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 can be accessed through the SEC website. In other Walt Disney news, Director James P. Gorman bought 20,000 shares of the firm’s stock in a transaction on Wednesday, May 8th. The stock was acquired at an average price of $106.03 per share, with a total value of $2,120,600.00. Following the completion of the purchase, the director now owns 20,467 shares of the company’s stock, valued at $2,170,116.01. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website. Also, 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 disclosure for this sale can be found here. Insiders own 0.10% of the company’s stock.

Walt Disney Trading Up 0.6 %

DIS stock traded up $0.62 on Wednesday, reaching $98.61. The company’s stock had a trading volume of 5,016,329 shares, compared to its average volume of 11,481,354. The firm has a market cap of $179.77 billion, a PE ratio of 107.19, a PEG ratio of 1.23 and a beta of 1.40. The business has a fifty day simple moving average of $104.17 and a two-hundred day simple moving average of $104.81. The Walt Disney Company has a 12-month low of $78.73 and a 12-month high of $123.74. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.69 and a current ratio of 0.75.

Walt Disney (NYSE:DIS) last posted its earnings results on Tuesday, May 7th. The entertainment giant reported $1.21 EPS for the quarter, topping the consensus estimate of $1.12 by $0.09. Walt Disney had a net margin of 1.90% and a return on equity of 8.37%. The firm had revenue of $22.08 billion during the quarter, compared to analysts’ expectations of $22.12 billion. During the same period last year, the company posted $0.93 EPS. The company’s quarterly revenue was up 1.2% compared to the same quarter last year. As a group, research analysts forecast that The Walt Disney Company will post 4.76 EPS for the current year.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the stock. Macquarie lifted their price objective on shares of Walt Disney from $104.00 to $107.00 and gave the stock a “neutral” rating in a report on Monday, May 13th. Argus upped their price objective on Walt Disney from $125.00 to $140.00 and gave the stock a “buy” rating in a report on Wednesday, April 10th. Barclays decreased their price objective on Walt Disney from $135.00 to $130.00 and set an “overweight” rating on the stock in a report on Wednesday, May 8th. Deutsche Bank Aktiengesellschaft upped their target price on Walt Disney from $125.00 to $130.00 and gave the stock a “buy” rating in a research note on Monday, May 6th. Finally, Rosenblatt Securities lifted their price target on shares of Walt Disney from $129.00 to $137.00 and gave the stock a “buy” rating in a research note on Tuesday, April 2nd. One analyst has rated the stock with a sell rating, three have given a hold rating and twenty-three have given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $126.44.

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.