Rowlandmiller & PARTNERS.ADV Sells 610 Shares of The Walt Disney Company (NYSE:DIS)

Rowlandmiller & PARTNERS.ADV trimmed its holdings in shares of The Walt Disney Company (NYSE:DIS) by 3.0% during the first quarter, HoldingsChannel reports. The fund owned 19,459 shares of the entertainment giant’s stock after selling 610 shares during the quarter. Rowlandmiller & PARTNERS.ADV’s holdings in Walt Disney were worth $2,381,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of DIS. Vanguard Group Inc. increased its stake in shares of Walt Disney by 1.0% in the fourth quarter. Vanguard Group Inc. now owns 151,443,502 shares of the entertainment giant’s stock valued at $13,673,834,000 after buying an additional 1,555,748 shares during the period. Morgan Stanley boosted its holdings in Walt Disney by 0.4% in 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 last quarter. Trian Fund Management L.P. increased its position in Walt Disney by 411.6% during the 3rd 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 purchasing an additional 26,443,257 shares during the period. Northern Trust Corp raised its holdings in Walt Disney by 10.6% during the 3rd quarter. Northern Trust Corp now owns 24,859,476 shares of the entertainment giant’s stock worth $2,014,861,000 after purchasing an additional 2,384,407 shares during the last quarter. Finally, Norges Bank acquired a new position in shares of Walt Disney in the 4th quarter worth approximately $1,938,647,000. Institutional investors own 65.71% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on DIS shares. UBS Group lowered their target price on shares of Walt Disney from $140.00 to $130.00 and set a “buy” rating for the company in a research note on Wednesday, May 8th. Needham & Company LLC reissued a “buy” rating and issued a $145.00 price objective on shares of Walt Disney in a research report on Tuesday, May 7th. Rosenblatt Securities upped their target price on Walt Disney from $129.00 to $137.00 and gave the company a “buy” rating in a research report on Tuesday, April 2nd. Redburn Atlantic upgraded Walt Disney from a “sell” rating to a “neutral” rating and set a $100.00 target price for the company in a report on Tuesday, May 21st. Finally, Morgan Stanley increased their price target on Walt Disney from $110.00 to $135.00 and gave the stock an “overweight” rating in a report on Monday, March 4th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and twenty-two have given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $126.29.

Insider Activity

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 shares were 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Walt Disney news, EVP Sonia L. Coleman sold 1,857 shares of the stock in a transaction on Monday, April 1st. The stock was sold at an average price of $121.92, for a total transaction of $226,405.44. Following the completion of the transaction, the executive vice president now directly owns 4,400 shares of the company’s stock, valued at $536,448. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director James P. Gorman bought 20,000 shares of the stock in a transaction on Wednesday, May 8th. The stock was purchased 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 owns 20,467 shares of the company’s stock, valued at $2,170,116.01. The disclosure for this purchase can be found here. Insiders own 0.10% of the company’s stock.

Walt Disney Stock Down 0.0 %

DIS stock opened at $101.50 on Thursday. The stock has a market cap of $185.04 billion, a P/E ratio of 110.33, a P/E/G ratio of 1.26 and a beta of 1.40. The company has a current ratio of 0.75, a quick ratio of 0.69 and a debt-to-equity ratio of 0.38. The stock’s fifty day simple moving average is $106.45 and its two-hundred day simple moving average is $104.18. The Walt Disney Company has a 1-year low of $78.73 and a 1-year high of $123.74.

Walt Disney (NYSE:DIS) last issued its quarterly earnings results on Tuesday, May 7th. The entertainment giant reported $1.21 earnings per share for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $22.12 billion. During the same period in the previous year, the firm earned $0.93 EPS. The firm’s quarterly revenue was up 1.2% on a year-over-year basis. Analysts expect that The Walt Disney Company will post 4.75 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.