The Walt Disney Company (NYSE:DIS) Shares Sold by Phocas Financial Corp.

Phocas Financial Corp. lessened its stake in shares of The Walt Disney Company (NYSE:DIS – Get Rating) by 12.7% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 6,132 shares of the entertainment giant’s stock after selling 895 shares during the period. Phocas Financial Corp.’s holdings in Walt Disney were worth $533,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of DIS. Price T Rowe Associates Inc. MD lifted its position in shares of Walt Disney by 44.2% during the 2nd quarter. Price T Rowe Associates Inc. MD now owns 24,984,524 shares of the entertainment giant’s stock valued at $2,358,539,000 after acquiring an additional 7,654,961 shares during the last quarter. Fisher Asset Management LLC lifted its position in shares of Walt Disney by 946.5% during the 3rd quarter. Fisher Asset Management LLC now owns 5,141,439 shares of the entertainment giant’s stock valued at $484,992,000 after acquiring an additional 4,650,159 shares during the last quarter. Alliancebernstein L.P. lifted its position in shares of Walt Disney by 44.3% during the 3rd quarter. Alliancebernstein L.P. now owns 9,046,135 shares of the entertainment giant’s stock valued at $853,322,000 after acquiring an additional 2,775,303 shares during the last quarter. Vanguard Group Inc. lifted its holdings in shares of Walt Disney by 1.5% in the third quarter. Vanguard Group Inc. now owns 143,962,415 shares of the entertainment giant’s stock valued at $13,579,975,000 after purchasing an additional 2,144,485 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership lifted its holdings in shares of Walt Disney by 659.3% in the first quarter. Arrowstreet Capital Limited Partnership now owns 2,252,131 shares of the entertainment giant’s stock valued at $308,902,000 after purchasing an additional 1,955,532 shares in the last quarter. Institutional investors and hedge funds own 62.22% of the company’s stock.

Walt Disney Trading Down 1.2 %

Walt Disney stock opened at $93.20 on Friday. The company has a debt-to-equity ratio of 0.45, a current ratio of 0.99 and a quick ratio of 0.93. The company has a market capitalization of $170.26 billion, a price-to-earnings ratio of 51.21, a PEG ratio of 2.31 and a beta of 1.30. The Walt Disney Company has a one year low of $84.07 and a one year high of $144.46. The company’s fifty day moving average price is $102.55 and its two-hundred day moving average price is $99.71.

Walt Disney (NYSE:DIS – Get Rating) last posted its earnings results on Wednesday, February 8th. The entertainment giant reported $0.99 EPS for the quarter, topping the consensus estimate of $0.69 by $0.30. The firm had revenue of $23.51 billion for the quarter, compared to the consensus estimate of $23.29 billion. Walt Disney had a net margin of 3.93% and a return on equity of 6.72%. The business’s quarterly revenue was up 7.8% on a year-over-year basis. During the same period in the prior year, the business posted $1.06 earnings per share. On average, analysts forecast that The Walt Disney Company will post 3.98 earnings per share for the current fiscal year.

Insider Activity

In other news, EVP Brent Woodford sold 18,110 shares of the firm’s stock in a transaction dated Thursday, January 12th. The stock was sold at an average price of $98.46, for a total value of $1,783,110.60. Following the sale, the executive vice president now directly owns 33,186 shares of the company’s stock, valued at $3,267,493.56. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, CFO Christine M. Mccarthy sold 42,533 shares of the stock in a transaction dated Thursday, January 12th. The shares were sold at an average price of $98.46, for a total value of $4,187,799.18. Following the completion of the sale, the chief financial officer now owns 181,830 shares in the company, valued at $17,902,981.80. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Brent Woodford sold 18,110 shares of the stock in a transaction dated Thursday, January 12th. The shares were sold at an average price of $98.46, for a total transaction of $1,783,110.60. Following the completion of the sale, the executive vice president now owns 33,186 shares of the company’s stock, valued at approximately $3,267,493.56. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 62,921 shares of company stock valued at $6,209,132. 0.10% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on DIS. Barclays increased their target price on Walt Disney from $98.00 to $110.00 in a report on Thursday, February 9th. Royal Bank of Canada set a $130.00 target price on Walt Disney in a report on Monday, November 21st. Macquarie increased their target price on Walt Disney from $110.00 to $122.00 and gave the company an “outperform” rating in a report on Tuesday, January 31st. KeyCorp increased their target price on Walt Disney from $119.00 to $130.00 and gave the company an “overweight” rating in a report on Thursday, February 9th. Finally, Wells Fargo & Company increased their target price on Walt Disney from $125.00 to $141.00 and gave the company an “overweight” rating in a report on Thursday, February 9th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and twenty have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $128.92.

Walt Disney Company Profile

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The Walt Disney Co is a diversified international family entertainment and media enterprise. It operates through the following segments: Disney Media and Entertainment Distribution (DMED) and Disney Parks, Experiences and Products (DPEP). The DMED segment encompasses the company’s global film and episodic television content production and distribution activities.