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

Sunbelt Securities Inc. lowered its stake in shares of The Walt Disney Company (NYSE:DIS) by 59.4% in the first quarter, Holdings Channel.com reports. 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 SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Planned Solutions Inc. bought a new stake in Walt Disney during the fourth quarter worth $26,000. Gold Investment Management Ltd. purchased a new stake in shares of Walt Disney in the fourth quarter valued at about $28,000. Fortis Group Advisors LLC purchased a new position in Walt Disney during the third quarter worth about $30,000. Stone House Investment Management LLC boosted its holdings in Walt Disney by 355.3% during the fourth quarter. Stone House Investment Management LLC now owns 346 shares of the entertainment giant’s stock worth $31,000 after purchasing an additional 270 shares during the last quarter. Finally, Partnership Wealth Management LLC bought a new stake in Walt Disney in the 4th quarter worth about $33,000. 65.71% of the stock is owned by institutional investors.

Walt Disney Trading Down 0.0 %

Shares of DIS opened at $102.16 on Friday. The business’s 50-day moving average price is $105.23 and its 200-day moving average price is $104.53. 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 twelve month low of $78.73 and a twelve month high of $123.74. The stock has a market cap 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 posted its 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. The business had revenue of $22.08 billion for the quarter, compared to analyst estimates of $22.12 billion. Walt Disney had a net margin of 1.90% and a return on equity of 8.37%. Walt Disney’s revenue was up 1.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.93 EPS. On average, equities analysts forecast that The Walt Disney Company will post 4.75 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the company. Loop Capital boosted their target price on Walt Disney from $113.00 to $140.00 and gave the stock a “buy” rating in a research note on Monday, May 6th. Deutsche Bank Aktiengesellschaft upped their price objective on Walt Disney from $125.00 to $130.00 and gave the company a “buy” rating in a research note on Monday, May 6th. Barclays lowered their target price on Walt Disney from $135.00 to $130.00 and set an “overweight” rating on the stock in a research note on Wednesday, May 8th. JPMorgan Chase & Co. began coverage on shares of Walt Disney in a research report on Thursday, April 11th. They set an “overweight” rating and a $140.00 price target for the company. Finally, The Goldman Sachs Group initiated coverage on shares of Walt Disney in a research report on Tuesday. They issued a “buy” rating and a $125.00 price objective on the stock. One investment 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 data from MarketBeat, Walt Disney has an average rating of “Moderate Buy” and a consensus target price of $126.50.

Insider Buying and Selling

In related news, EVP Sonia L. Coleman sold 1,857 shares of the business’s stock in a transaction dated 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 in the company, valued at $536,448. The transaction was disclosed in a document filed with the SEC, which is available through this link. In related news, 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 bought 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 owns 20,467 shares of the company’s stock, valued at $2,170,116.01. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Sonia L. Coleman sold 1,857 shares of the 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 directly owns 4,400 shares in the company, valued at approximately $536,448. The disclosure for this sale can be found here. 0.10% of the stock is currently owned by company insiders.

Walt Disney Company 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.