The Walt Disney Company (NYSE:DIS) Position Trimmed by OneAscent Financial Services LLC

OneAscent Financial Services LLC lessened its holdings in shares of The Walt Disney Company (NYSE:DIS) by 5.7% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,659 shares of the entertainment giant’s stock after selling 403 shares during the quarter. OneAscent Financial Services LLC’s holdings in Walt Disney were worth $815,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Vanguard Group Inc. grew its stake in Walt Disney by 1.0% during the 4th quarter. Vanguard Group Inc. now owns 151,443,502 shares of the entertainment giant’s stock valued at $13,673,834,000 after acquiring an additional 1,555,748 shares in the last quarter. Morgan Stanley grew its stake in Walt Disney by 0.4% during the 3rd 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 in the last quarter. Norges Bank purchased a new position in Walt Disney during the 4th quarter valued at about $1,938,647,000. Charles Schwab Investment Management Inc. grew its stake in Walt Disney by 2.2% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 9,943,052 shares of the entertainment giant’s stock valued at $897,758,000 after acquiring an additional 211,397 shares in the last quarter. Finally, Fisher Asset Management LLC grew its stake in Walt Disney by 4.5% during the 4th quarter. Fisher Asset Management LLC now owns 7,204,256 shares of the entertainment giant’s stock valued at $650,472,000 after acquiring an additional 309,376 shares in the last quarter. Hedge funds and other institutional investors own 65.71% of the company’s stock.

Insider Activity at Walt Disney

In related news, EVP Sonia L. Coleman sold 4,400 shares of the company’s stock in a transaction on Thursday, May 9th. The stock was sold at an average price of $106.00, for a total value of $466,400.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, EVP Sonia L. Coleman sold 4,400 shares of the company’s stock in a transaction on Thursday, May 9th. The stock was sold at an average price of $106.00, for a total value of $466,400.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director James P. Gorman bought 20,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 8th. The stock was purchased 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 directly owns 20,467 shares of the company’s stock, valued at approximately $2,170,116.01. The disclosure for this purchase can be found here. 0.10% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several equities research analysts recently commented on DIS shares. JPMorgan Chase & Co. started coverage on Walt Disney in a research note on Thursday, April 11th. They issued an “overweight” rating and a $140.00 price target for the company. Loop Capital boosted their price target on Walt Disney from $113.00 to $140.00 and gave the company a “buy” rating in a research note on Monday, May 6th. Morgan Stanley boosted their price target on Walt Disney from $110.00 to $135.00 and gave the company an “overweight” rating in a research note on Monday, March 4th. Redburn Atlantic raised Walt Disney from a “sell” rating to a “neutral” rating and set a $100.00 price target for the company in a research note on Tuesday, May 21st. Finally, Raymond James boosted their price target on Walt Disney from $112.00 to $128.00 and gave the company an “outperform” rating in a research note on Tuesday, March 26th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and twenty-two have given a buy rating to the company. According to data from MarketBeat.com, Walt Disney presently has a consensus rating of “Moderate Buy” and an average price target of $126.50.

Walt Disney Stock Down 2.8 %

Shares of DIS stock opened at $99.29 on Friday. The Walt Disney Company has a 12 month low of $78.73 and a 12 month high of $123.74. The firm has a market cap of $181.01 billion, a PE ratio of 107.93, a price-to-earnings-growth ratio of 1.27 and a beta of 1.40. The stock has a 50 day moving average of $104.76 and a 200-day moving average of $104.66. The company has a quick ratio of 0.69, a current ratio of 0.75 and a debt-to-equity ratio of 0.38.

Walt Disney (NYSE:DIS) last issued its earnings results on Tuesday, May 7th. The entertainment giant reported $1.21 EPS for the quarter, beating analysts’ consensus estimates of $1.12 by $0.09. The business had revenue of $22.08 billion during the quarter, compared to analyst estimates of $22.12 billion. Walt Disney had a return on equity of 8.37% and a net margin of 1.90%. Walt Disney’s revenue was up 1.2% on a year-over-year basis. During the same period in the prior year, the company posted $0.93 earnings per share. On average, equities analysts predict that The Walt Disney Company will post 4.76 EPS 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.