Securian Asset Management Inc. Cuts Stock Position in The Walt Disney Company (NYSE:DIS)

Securian Asset Management Inc. cut its holdings in shares of The Walt Disney Company (NYSE:DIS) by 11.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 115,876 shares of the entertainment giant’s stock after selling 15,432 shares during the quarter. Securian Asset Management Inc.’s holdings in Walt Disney were worth $10,462,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the business. AIA Group Ltd purchased a new stake in Walt Disney in the third quarter worth $688,000. DB Fitzpatrick & Co Inc increased its holdings in Walt Disney by 32.8% in the 3rd quarter. DB Fitzpatrick & Co Inc now owns 13,599 shares of the entertainment giant’s stock worth $1,102,000 after acquiring an additional 3,357 shares during the last quarter. Greystone Financial Group LLC bought a new stake in Walt Disney in the 3rd quarter valued at about $295,000. Telos Capital Management Inc. lifted its holdings in Walt Disney by 2.8% during the third quarter. Telos Capital Management Inc. now owns 73,531 shares of the entertainment giant’s stock valued at $5,960,000 after purchasing an additional 2,028 shares during the last quarter. Finally, Michael S. Ryan Inc. boosted its position in Walt Disney by 13.0% during the third quarter. Michael S. Ryan Inc. now owns 4,090 shares of the entertainment giant’s stock worth $334,000 after purchasing an additional 472 shares during the period. 65.71% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Walt Disney news, EVP Sonia L. Coleman sold 4,400 shares of the firm’s stock in a transaction on Thursday, May 9th. The shares were sold at an average price of $106.00, for a total value of $466,400.00. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, EVP Sonia L. Coleman sold 1,857 shares of Walt Disney 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 sale, the executive vice president now owns 4,400 shares in the company, valued at $536,448. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Sonia L. Coleman sold 4,400 shares of the company’s stock in a transaction on Thursday, May 9th. The stock was 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. 0.10% of the stock is owned by insiders.

Walt Disney Trading Down 0.1 %

NYSE DIS traded down $0.12 during trading on Friday, hitting $103.25. 7,355,999 shares of the company’s stock traded hands, compared to its average volume of 12,417,074. The stock has a fifty day moving average of $113.52 and a two-hundred day moving average of $102.39. The Walt Disney Company has a 12-month low of $78.73 and a 12-month high of $123.74. The firm has a market cap of $188.23 billion, a P/E ratio of 112.23, a PEG ratio of 1.26 and a beta of 1.40. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.75 and a quick ratio of 0.69.

Walt Disney (NYSE:DIS) last posted its quarterly earnings results on Tuesday, May 7th. The entertainment giant reported $1.21 earnings per share (EPS) for the quarter, topping the consensus estimate 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 for the quarter, compared to analyst estimates of $22.12 billion. During the same period last year, the company earned $0.93 EPS. Walt Disney’s revenue for the quarter was up 1.2% compared to the same quarter last year. As a group, sell-side analysts expect that The Walt Disney Company will post 4.76 EPS for the current year.

Wall Street Analyst Weigh In

DIS has been the topic of a number of recent research reports. Needham & Company LLC restated a “buy” rating and set a $145.00 price target on shares of Walt Disney in a research note on Tuesday, May 7th. Tigress Financial reaffirmed a “buy” rating and issued a $136.00 price target on shares of Walt Disney in a report on Wednesday, February 21st. Argus lifted their price target on Walt Disney from $125.00 to $140.00 and gave the company a “buy” rating in a research report on Wednesday, April 10th. Deutsche Bank Aktiengesellschaft increased their price objective on Walt Disney from $125.00 to $130.00 and gave the stock a “buy” rating in a report on Monday, May 6th. Finally, Bank of America lifted their target price on Walt Disney from $130.00 to $145.00 and gave the company a “buy” rating in a report on Monday, April 1st. One research analyst has rated the stock with a sell rating, two have given a hold rating and twenty-three have given a buy rating to the company. According to MarketBeat, Walt Disney currently has a consensus rating of “Moderate Buy” and a consensus target price of $126.58.

Walt Disney 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.