Sonia L. Coleman Sells 4,400 Shares of The Walt Disney Company (NYSE:DIS) Stock

The Walt Disney Company (NYSE:DIS) EVP Sonia L. Coleman sold 4,400 shares of the stock in a transaction on Thursday, May 9th. The stock was sold at an average price of $106.00, for a total value of $466,400.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

Walt Disney Stock Performance

Walt Disney stock traded up $0.36 during trading hours on Thursday, reaching $105.80. 14,945,125 shares of the stock were exchanged, compared to its average volume of 12,135,098. The stock has a market cap of $194.07 billion, a P/E ratio of 115.00, a P/E/G ratio of 1.39 and a beta of 1.40. The Walt Disney Company has a 52-week low of $78.73 and a 52-week high of $123.74. The firm’s 50 day moving average is $114.48 and its 200 day moving average is $101.24. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.77 and a current ratio of 0.84.

Walt Disney (NYSE:DIS) last released its quarterly earnings results on Tuesday, May 7th. The entertainment giant reported $1.21 earnings per share for the quarter, topping analysts’ consensus estimates of $1.12 by $0.09. Walt Disney had a return on equity of 7.88% and a net margin of 3.36%. The company 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 business’s revenue for the quarter was up 1.2% compared to the same quarter last year. Analysts predict that The Walt Disney Company will post 4.7 EPS for the current fiscal year.

Institutional Investors Weigh In On Walt Disney

A number of large investors have recently modified their holdings of the stock. Trian Fund Management L.P. lifted its position in shares of Walt Disney by 411.6% in 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 buying an additional 26,443,257 shares during the last quarter. Norges Bank acquired a new stake in Walt Disney in the fourth quarter worth $1,938,647,000. Jennison Associates LLC bought a new stake in Walt Disney in the first quarter valued at $1,490,492,000. ValueAct Holdings L.P. bought a new position in shares of Walt Disney during the fourth quarter worth about $459,245,000. Finally, First Eagle Investment Management LLC bought a new position in Walt Disney during the third quarter valued at about $326,171,000. Institutional investors and hedge funds own 65.71% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. Barclays reduced their price target on Walt Disney from $135.00 to $130.00 and set an “overweight” rating on the stock in a research report on Wednesday. The Goldman Sachs Group lowered their price objective on Walt Disney from $125.00 to $120.00 and set a “buy” rating for the company in a research report on Thursday, February 8th. Wells Fargo & Company upped their target price on shares of Walt Disney from $128.00 to $141.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 23rd. Raymond James lifted their price objective on Walt Disney from $112.00 to $128.00 and gave the stock an “outperform” rating in a report on Tuesday, March 26th. Finally, Evercore ISI decreased their target price on shares of Walt Disney from $130.00 to $128.00 and set an “outperform” rating on the stock in a research note on Wednesday. One 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, Walt Disney currently has a consensus rating of “Moderate Buy” and an average price target of $126.46.

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.