Sunbelt Securities Inc. Has $674,000 Stock Holdings in The Walt Disney Company (NYSE:DIS)

Sunbelt Securities Inc. trimmed its holdings in shares of The Walt Disney Company (NYSE:DIS) by 59.4% in the first quarter, according to its most recent filing with the SEC. The firm owned 5,509 shares of the entertainment giant’s stock after selling 8,075 shares during the period. Sunbelt Securities Inc.’s holdings in Walt Disney were worth $674,000 as of its most recent filing with the SEC.

Several other institutional investors have also made changes to their positions in DIS. Vanguard Group Inc. lifted its position in shares of Walt Disney by 1.0% during the 4th quarter. Vanguard Group Inc. now owns 151,443,502 shares of the entertainment giant’s stock worth $13,673,834,000 after buying an additional 1,555,748 shares during the period. Morgan Stanley lifted its holdings in shares of Walt Disney by 0.4% during the third quarter. Morgan Stanley now owns 44,318,444 shares of the entertainment giant’s stock valued at $3,592,010,000 after acquiring an additional 195,512 shares during the period. Trian Fund Management L.P. lifted its holdings in shares of Walt Disney by 411.6% during the third quarter. Trian Fund Management L.P. now owns 32,868,307 shares of the entertainment giant’s stock valued at $2,663,976,000 after acquiring an additional 26,443,257 shares during the period. Norges Bank bought a new stake in shares of Walt Disney in the 4th quarter worth about $1,938,647,000. Finally, Charles Schwab Investment Management Inc. boosted its position in Walt Disney by 2.2% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 9,943,052 shares of the entertainment giant’s stock valued at $897,758,000 after buying an additional 211,397 shares in the last quarter. 65.71% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have recently issued reports on DIS. Guggenheim lifted their target price on shares of Walt Disney from $125.00 to $140.00 and gave the company a “buy” rating in a research note on Wednesday, April 3rd. Loop Capital raised their target price on Walt Disney from $113.00 to $140.00 and gave the company a “buy” rating in a research note on Monday, May 6th. Deutsche Bank Aktiengesellschaft upped their price target on shares of Walt Disney from $125.00 to $130.00 and gave the stock a “buy” rating in a research report on Monday, May 6th. Barclays lowered their price objective on shares of Walt Disney from $135.00 to $130.00 and set an “overweight” rating for the company in a research report on Wednesday, May 8th. Finally, Bank of America increased their price target on shares of Walt Disney from $130.00 to $145.00 and gave the company a “buy” rating in a research note on Monday, April 1st. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and twenty-two have given a buy rating to the stock. According to MarketBeat.com, Walt Disney presently has an average rating of “Moderate Buy” and an average target price of $126.50.

Insider Transactions at Walt Disney

In related news, EVP Sonia L. Coleman sold 1,857 shares of Walt Disney stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $121.92, for a total value of $226,405.44. Following the sale, the executive vice president now owns 4,400 shares of the company’s stock, valued at approximately $536,448. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, EVP Sonia L. Coleman sold 1,857 shares of the firm’s stock in a transaction on Monday, April 1st. The shares were sold at an average price of $121.92, for a total value of $226,405.44. Following the completion of the transaction, the executive vice president now owns 4,400 shares of the company’s stock, valued at $536,448. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director James P. Gorman purchased 20,000 shares of the 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 purchase, the director now directly owns 20,467 shares in the company, valued at approximately $2,170,116.01. The disclosure for this purchase can be found here. 0.10% of the stock is owned by insiders.

Walt Disney Price Performance

Shares of DIS opened at $102.16 on Friday. The stock has a 50 day simple moving average of $105.23 and a 200 day simple moving average of $104.53. The Walt Disney Company has a 52-week low of $78.73 and a 52-week 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. The firm has a market capitalization of $186.24 billion, a PE ratio of 111.04, a P/E/G ratio of 1.27 and a beta of 1.40.

Walt Disney (NYSE:DIS) last released its quarterly earnings results on Tuesday, May 7th. The entertainment giant reported $1.21 earnings per share for the quarter, beating 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 company had revenue of $22.08 billion during the quarter, compared to analysts’ expectations of $22.12 billion. During the same quarter in the prior year, the company earned $0.93 earnings per share. The business’s quarterly revenue was up 1.2% compared to the same quarter last year. Sell-side analysts predict that The Walt Disney Company will post 4.75 EPS for the current fiscal 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.