Wellington Management Group LLP Decreases Stock Position in The Walt Disney Company (NYSE:DIS)

Wellington Management Group LLP lessened its stake in shares of The Walt Disney Company (NYSE:DIS) by 30.2% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 2,824,561 shares of the entertainment giant’s stock after selling 1,224,298 shares during the quarter. Wellington Management Group LLP’s holdings in Walt Disney were worth $255,030,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of DIS. Acadian Asset Management LLC grew its position in Walt Disney by 13.6% in the 3rd quarter. Acadian Asset Management LLC now owns 22,595 shares of the entertainment giant’s stock valued at $1,829,000 after acquiring an additional 2,698 shares during the last quarter. Regal Investment Advisors LLC grew its position in Walt Disney by 5.4% in the 3rd quarter. Regal Investment Advisors LLC now owns 18,099 shares of the entertainment giant’s stock valued at $1,467,000 after acquiring an additional 932 shares during the last quarter. Rodgers Brothers Inc. grew its position in Walt Disney by 119.7% in the 3rd quarter. Rodgers Brothers Inc. now owns 63,531 shares of the entertainment giant’s stock valued at $5,149,000 after acquiring an additional 34,615 shares during the last quarter. Motley Fool Asset Management LLC grew its position in Walt Disney by 9.4% in the 3rd quarter. Motley Fool Asset Management LLC now owns 47,057 shares of the entertainment giant’s stock valued at $3,814,000 after acquiring an additional 4,038 shares during the last quarter. Finally, Mariner LLC grew its position in Walt Disney by 5.8% in the 3rd quarter. Mariner LLC now owns 927,644 shares of the entertainment giant’s stock valued at $75,185,000 after acquiring an additional 50,901 shares during the last quarter. Hedge funds and other institutional investors own 65.71% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the company. JPMorgan Chase & Co. assumed coverage on Walt Disney in a research note on Thursday, April 11th. They set an “overweight” rating and a $140.00 price target on the stock. Daiwa Capital Markets restated a “buy” rating and set a $133.00 price target on shares of Walt Disney in a research note on Monday, April 1st. Needham & Company LLC restated a “buy” rating and set a $145.00 price target on shares of Walt Disney in a research note on Tuesday, May 7th. Argus raised their price target on Walt Disney from $125.00 to $140.00 and gave the company a “buy” rating in a research note on Wednesday, April 10th. Finally, Deutsche Bank Aktiengesellschaft raised their price target on Walt Disney from $125.00 to $130.00 and gave the company a “buy” rating in a research note on Monday, May 6th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and twenty-two have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $126.29.

Insider Buying and Selling at Walt Disney

In other news, EVP Sonia L. Coleman sold 1,857 shares of the business’s 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 completion of the sale, the executive vice president now directly owns 4,400 shares in the company, valued at $536,448. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other Walt Disney news, Director James P. Gorman acquired 20,000 shares of the business’s stock in a transaction dated Wednesday, May 8th. The stock was acquired at an average cost of $106.03 per share, for a total transaction of $2,120,600.00. Following the completion of the transaction, the director now directly owns 20,467 shares of the company’s stock, valued at $2,170,116.01. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Sonia L. Coleman sold 1,857 shares of the business’s stock in a transaction that occurred 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 sale, the executive vice president now owns 4,400 shares of the company’s stock, valued at $536,448. The disclosure for this sale can be found here. 0.10% of the stock is currently owned by corporate insiders.

Walt Disney Trading Down 0.0 %

Walt Disney stock opened at $101.50 on Wednesday. The company has a quick ratio of 0.69, a current ratio of 0.75 and a debt-to-equity ratio of 0.38. The Walt Disney Company has a 52 week low of $78.73 and a 52 week high of $123.74. The company has a market capitalization of $185.04 billion, a price-to-earnings ratio of 110.33, a price-to-earnings-growth ratio of 1.24 and a beta of 1.40. The stock has a 50-day moving average price of $106.76 and a 200 day moving average price of $104.20.

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. Walt Disney had a return on equity of 8.37% and a net margin of 1.90%. The company had revenue of $22.08 billion during the quarter, compared to the consensus estimate of $22.12 billion. During the same period in the previous year, the company posted $0.93 earnings per share. Walt Disney’s revenue for the quarter was up 1.2% on a year-over-year basis. Sell-side analysts anticipate that The Walt Disney Company will post 4.76 EPS for the current year.

Walt Disney 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.