Lee Danner & Bass Inc. Sells 1,121 Shares of The Walt Disney Company (NYSE:DIS)

Lee Danner & Bass Inc. decreased its position in shares of The Walt Disney Company (NYSE:DIS) by 0.9% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 120,829 shares of the entertainment giant’s stock after selling 1,121 shares during the period. Walt Disney accounts for about 1.0% of Lee Danner & Bass Inc.’s investment portfolio, making the stock its 25th largest position. Lee Danner & Bass Inc.’s holdings in Walt Disney were worth $11,926,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Core Alternative Capital raised its position in shares of Walt Disney by 71.0% during the first quarter. Core Alternative Capital now owns 542 shares of the entertainment giant’s stock valued at $53,000 after buying an additional 225 shares during the last quarter. Whelan Financial raised its position in shares of Walt Disney by 160.2% during the first quarter. Whelan Financial now owns 5,753 shares of the entertainment giant’s stock valued at $568,000 after buying an additional 3,542 shares during the last quarter. Adell Harriman & Carpenter Inc. raised its position in shares of Walt Disney by 4.4% during the first quarter. Adell Harriman & Carpenter Inc. now owns 15,387 shares of the entertainment giant’s stock valued at $1,519,000 after buying an additional 647 shares during the last quarter. Concurrent Investment Advisors LLC raised its position in shares of Walt Disney by 8.3% during the first quarter. Concurrent Investment Advisors LLC now owns 69,725 shares of the entertainment giant’s stock valued at $6,882,000 after buying an additional 5,367 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its position in shares of Walt Disney by 4.2% during the first quarter. Bank of New York Mellon Corp now owns 17,821,361 shares of the entertainment giant’s stock valued at $1,758,968,000 after buying an additional 717,066 shares during the last quarter. Institutional investors own 65.71% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the stock. Morgan Stanley lifted their price objective on shares of Walt Disney from $110.00 to $120.00 and gave the company an “overweight” rating in a research report on Thursday, May 8th. Needham & Company LLC reiterated a “buy” rating and set a $125.00 price objective on shares of Walt Disney in a research report on Thursday, May 8th. Loop Capital lifted their price objective on shares of Walt Disney from $125.00 to $130.00 and gave the company a “buy” rating in a research report on Tuesday, June 10th. Jefferies Financial Group upgraded shares of Walt Disney from a “hold” rating to a “buy” rating and boosted their price target for the stock from $100.00 to $144.00 in a research report on Monday, June 30th. Finally, Wolfe Research upgraded shares of Walt Disney from a “peer perform” rating to an “outperform” rating and set a $112.00 price target on the stock in a research report on Monday, April 21st. Five equities research analysts have rated the stock with a hold rating, seventeen have given a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, Walt Disney has an average rating of “Moderate Buy” and a consensus price target of $125.83.

Insider Activity

In other news, EVP Brent Woodford sold 1,000 shares of the business’s stock in a transaction on Tuesday, May 13th. The shares were sold at an average price of $110.84, for a total transaction of $110,840.00. Following the completion of the sale, the executive vice president directly owned 46,831 shares of the company’s stock, valued at approximately $5,190,748.04. The trade was a 2.09% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.16% of the company’s stock.

Walt Disney Stock Up 0.8%

NYSE DIS opened at $123.98 on Friday. The company has a quick ratio of 0.61, a current ratio of 0.67 and a debt-to-equity ratio of 0.34. The company has a fifty day moving average of $111.87 and a two-hundred day moving average of $106.34. The firm has a market capitalization of $222.88 billion, a price-to-earnings ratio of 25.35, a PEG ratio of 1.81 and a beta of 1.56. The Walt Disney Company has a 52 week low of $80.10 and a 52 week high of $124.69.

Walt Disney (NYSE:DIS) last posted its quarterly earnings data on Wednesday, May 7th. The entertainment giant reported $1.45 EPS for the quarter, topping the consensus estimate of $1.21 by $0.24. The company had revenue of $23.62 billion during the quarter, compared to analyst estimates of $23.15 billion. Walt Disney had a net margin of 9.47% and a return on equity of 9.99%. Walt Disney’s quarterly revenue was up 7.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.21 earnings per share. On average, analysts predict that The Walt Disney Company will post 5.47 earnings per share for the current year.

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.