Roble Belko & Company Inc Sells 550 Shares of The Walt Disney Company (NYSE:DIS)

Roble Belko & Company Inc reduced its stake in shares of The Walt Disney Company (NYSE:DIS) by 42.1% during the first quarter, Holdings Channel reports. The institutional investor owned 757 shares of the entertainment giant’s stock after selling 550 shares during the period. Roble Belko & Company Inc’s holdings in Walt Disney were worth $93,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its holdings in shares of Walt Disney by 1.0% during the 4th quarter. Vanguard Group Inc. now owns 151,443,502 shares of the entertainment giant’s stock worth $13,673,834,000 after acquiring an additional 1,555,748 shares in the last quarter. Morgan Stanley raised its holdings in shares of Walt Disney by 0.4% during the 3rd quarter. Morgan Stanley now owns 44,318,444 shares of the entertainment giant’s stock worth $3,592,010,000 after acquiring an additional 195,512 shares in the last quarter. Trian Fund Management L.P. raised its holdings in shares of 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 worth $2,663,976,000 after acquiring an additional 26,443,257 shares in the last quarter. Norges Bank bought a new position in shares of Walt Disney during the 4th quarter valued at approximately $1,938,647,000. Finally, Charles Schwab Investment Management Inc. increased its position in shares of 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 purchasing an additional 211,397 shares during the last quarter. 65.71% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Walt Disney

In related news, EVP Sonia L. Coleman sold 1,857 shares of the company’s stock in a transaction dated 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 of the company’s stock, valued at approximately $536,448. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, Director James P. Gorman purchased 20,000 shares of the company’s stock in a transaction on Wednesday, May 8th. The stock was bought at an average price of $106.03 per share, with a total value 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 approximately $2,170,116.01. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Sonia L. Coleman sold 1,857 shares of the firm’s stock in a transaction 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 transaction, the executive vice president now directly owns 4,400 shares of the company’s stock, valued at approximately $536,448. The disclosure for this sale can be found here. Insiders own 0.10% of the company’s stock.

Walt Disney Price Performance

DIS traded up $0.43 during trading on Friday, hitting $102.27. The company’s stock had a trading volume of 14,144,918 shares, compared to its average volume of 7,668,969. 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 Walt Disney Company has a twelve month low of $78.73 and a twelve month high of $123.74. The business’s fifty day simple moving average is $105.90 and its 200 day simple moving average is $104.33. The firm has a market capitalization of $186.44 billion, a price-to-earnings ratio of 111.16, a P/E/G ratio of 1.27 and a beta of 1.40.

Walt Disney (NYSE:DIS) last issued its quarterly earnings data on Tuesday, May 7th. The entertainment giant reported $1.21 earnings per share 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 business had revenue of $22.08 billion during the quarter, compared to analysts’ expectations of $22.12 billion. During the same period in the previous year, the firm posted $0.93 earnings per share. The company’s revenue was up 1.2% on a year-over-year basis. On average, equities research analysts forecast that The Walt Disney Company will post 4.75 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have commented on DIS. Raymond James upped their price objective on Walt Disney from $112.00 to $128.00 and gave the company an “outperform” rating in a research report on Tuesday, March 26th. Redburn Atlantic raised Walt Disney from a “sell” rating to a “neutral” rating and set a $100.00 price objective on the stock in a research report on Tuesday, May 21st. JPMorgan Chase & Co. began coverage on Walt Disney in a research report on Thursday, April 11th. They issued an “overweight” rating and a $140.00 price objective on the stock. Rosenblatt Securities upped their price objective on Walt Disney from $129.00 to $137.00 and gave the company a “buy” rating in a research report on Tuesday, April 2nd. Finally, Morgan Stanley upped their price objective on Walt Disney from $110.00 to $135.00 and gave the company an “overweight” rating in a research report on Monday, March 4th. One research analyst has rated the stock with a sell rating, three have issued 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 target price of $126.29.

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.