The Walt Disney Company (NYSE:DIS) Stock Position Reduced by Chapman Investment Management LLC

Chapman Investment Management LLC decreased its stake in The Walt Disney Company (NYSE:DIS) by 14.4% in the first quarter, Holdings Channel reports. The institutional investor owned 20,476 shares of the entertainment giant’s stock after selling 3,446 shares during the quarter. Walt Disney makes up approximately 1.8% of Chapman Investment Management LLC’s holdings, making the stock its 19th largest position. Chapman Investment Management LLC’s holdings in Walt Disney were worth $2,505,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of DIS. Diversified Trust Co increased its position in Walt Disney by 15.7% in the 3rd quarter. Diversified Trust Co now owns 30,825 shares of the entertainment giant’s stock worth $2,498,000 after purchasing an additional 4,194 shares during the last quarter. Kampmann Melissa S. acquired a new position in Walt Disney in the third quarter worth approximately $508,000. Brown Shipley& Co Ltd raised its position in Walt Disney by 15.6% during the third quarter. Brown Shipley& Co Ltd now owns 64,329 shares of the entertainment giant’s stock valued at $5,214,000 after acquiring an additional 8,683 shares in the last quarter. Comerica Bank acquired a new stake in Walt Disney in the third quarter valued at approximately $38,734,000. Finally, Allen Mooney & Barnes Investment Advisors LLC bought a new stake in Walt Disney in the third quarter worth approximately $4,327,000. 65.71% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the stock. Guggenheim raised their price target on shares of Walt Disney from $125.00 to $140.00 and gave the company a “buy” rating in a report on Wednesday, April 3rd. Loop Capital boosted their price target on Walt Disney from $113.00 to $140.00 and gave the stock a “buy” rating in a research report on Monday, May 6th. Rosenblatt Securities upped their price target on Walt Disney from $129.00 to $137.00 and gave the stock a “buy” rating in a research note on Tuesday, April 2nd. The Goldman Sachs Group began coverage on Walt Disney in a research note on Tuesday, June 25th. They issued a “buy” rating and a $125.00 price objective on the stock. Finally, Barclays decreased their target price on Walt Disney from $135.00 to $130.00 and set an “overweight” rating for the company in a research report on Wednesday, May 8th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and twenty-three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $126.44.

Walt Disney Price Performance

Shares of DIS stock traded down $0.37 during mid-day trading on Thursday, reaching $96.60. The company’s stock had a trading volume of 7,423,703 shares, compared to its average volume of 11,356,775. The firm’s 50-day moving average is $102.44 and its two-hundred day moving average is $104.95. The company has a market cap of $176.11 billion, a P/E ratio of 105.00, a PEG ratio of 1.21 and a beta of 1.40. The Walt Disney Company has a 1-year low of $78.73 and a 1-year high of $123.74. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.69 and a current ratio of 0.75.

Walt Disney (NYSE:DIS) last announced its quarterly earnings results on Tuesday, May 7th. The entertainment giant reported $1.21 EPS 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 firm had revenue of $22.08 billion during the quarter, compared to analysts’ expectations of $22.12 billion. During the same quarter last year, the company earned $0.93 earnings per share. The company’s revenue for the quarter was up 1.2% compared to the same quarter last year. On average, research analysts predict that The Walt Disney Company will post 4.75 earnings per share for the current year.

Insiders Place Their Bets

In related news, EVP Sonia L. Coleman sold 4,400 shares of Walt Disney stock in a transaction dated Thursday, May 9th. The shares were sold at an average price of $106.00, for a total transaction of $466,400.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, Director James P. Gorman bought 20,000 shares of the company’s stock in a transaction on Wednesday, May 8th. The stock was bought at an average cost of $106.03 per share, with a total value of $2,120,600.00. Following the completion of the purchase, the director now owns 20,467 shares in the company, valued at approximately $2,170,116.01. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Sonia L. Coleman sold 4,400 shares of the stock in a transaction that occurred on Thursday, May 9th. The shares were sold at an average price of $106.00, for a total transaction of $466,400.00. The disclosure for this sale can be found here. Corporate insiders own 0.10% of the company’s stock.

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.