Walt Disney (NYSE:DIS) Trading Down 0.2% on Insider Selling

The Walt Disney Company (NYSE:DIS) shares were down 0.2% during mid-day trading on Friday after an insider sold shares in the company. The company traded as low as $105.42 and last traded at $105.59. Approximately 5,445,643 shares were traded during mid-day trading, a decline of 55% from the average daily volume of 12,057,168 shares. The stock had previously closed at $105.80.

Specifically, EVP Sonia L. Coleman sold 1,857 shares of the 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 transaction, the executive vice president now owns 4,400 shares of the company’s stock, valued at $536,448. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, Director James P. Gorman purchased 20,000 shares of the company’s stock in a transaction dated Wednesday, May 8th. The shares were acquired at an average cost of $106.03 per share, for a total transaction of $2,120,600.00. Following the transaction, the director now owns 20,467 shares of the company’s stock, valued at $2,170,116.01. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Sonia L. Coleman sold 1,857 shares of the 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 transaction, the executive vice president now directly owns 4,400 shares of the company’s stock, valued at $536,448. The disclosure for this sale can be found here. Company insiders own 0.10% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on DIS. Barclays decreased their price target on Walt Disney from $135.00 to $130.00 and set an “overweight” rating for the company in a research note on Wednesday. Daiwa Capital Markets reissued a “buy” rating and set a $133.00 price objective on shares of Walt Disney in a research note on Monday, April 1st. Deutsche Bank Aktiengesellschaft raised their price objective on Walt Disney from $125.00 to $130.00 and gave the stock a “buy” rating in a research note on Monday. Guggenheim raised their price objective on Walt Disney from $125.00 to $140.00 and gave the stock a “buy” rating in a research note on Wednesday, April 3rd. Finally, Morgan Stanley increased their target price on Walt Disney from $110.00 to $135.00 and gave the company an “overweight” rating in a report on Monday, March 4th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and twenty-three have issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $126.46.

Walt Disney Stock Performance

The company has a market cap of $193.85 billion, a P/E ratio of 114.77, a price-to-earnings-growth ratio of 1.39 and a beta of 1.40. The company has a current ratio of 0.84, a quick ratio of 0.77 and a debt-to-equity ratio of 0.39. The company’s fifty day moving average is $114.48 and its 200 day moving average is $101.24.

Walt Disney (NYSE:DIS) last posted its earnings results on Tuesday, May 7th. The entertainment giant reported $1.21 EPS for the quarter, topping the consensus estimate of $1.12 by $0.09. Walt Disney had a net margin of 3.36% and a return on equity of 7.88%. The firm had revenue of $22.08 billion during the quarter, compared to analysts’ expectations of $22.12 billion. During the same period last year, the company posted $0.93 EPS. The company’s quarterly revenue was up 1.2% compared to the same quarter last year. As a group, equities analysts predict that The Walt Disney Company will post 4.7 earnings per share for the current fiscal year.

Institutional Trading of Walt Disney

A number of large investors have recently made changes to their positions in the stock. Avitas Wealth Management LLC lifted its holdings in Walt Disney by 2.2% during the fourth quarter. Avitas Wealth Management LLC now owns 11,037 shares of the entertainment giant’s stock valued at $997,000 after purchasing an additional 238 shares in the last quarter. WNY Asset Management LLC lifted its holdings in Walt Disney by 32.8% during the third quarter. WNY Asset Management LLC now owns 9,321 shares of the entertainment giant’s stock valued at $756,000 after purchasing an additional 2,304 shares in the last quarter. Pathway Financial Advisors LLC lifted its holdings in Walt Disney by 4.9% during the third quarter. Pathway Financial Advisors LLC now owns 3,024 shares of the entertainment giant’s stock valued at $245,000 after purchasing an additional 141 shares in the last quarter. Telos Capital Management Inc. lifted its holdings in shares of Walt Disney by 1.7% in the fourth quarter. Telos Capital Management Inc. now owns 74,767 shares of the entertainment giant’s stock worth $6,751,000 after buying an additional 1,236 shares in the last quarter. Finally, Tempus Wealth Planning LLC lifted its holdings in shares of Walt Disney by 4.5% in the third quarter. Tempus Wealth Planning LLC now owns 12,722 shares of the entertainment giant’s stock worth $1,031,000 after buying an additional 546 shares in the last quarter. 65.71% of the stock is currently owned by institutional investors.

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.