Westside Investment Management Inc. Sells 2,305 Shares of The Walt Disney Company (NYSE:DIS)

Westside Investment Management Inc. decreased its position in shares of The Walt Disney Company (NYSE:DIS) by 25.4% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,768 shares of the entertainment giant’s stock after selling 2,305 shares during the quarter. Westside Investment Management Inc.’s holdings in Walt Disney were worth $828,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Planned Solutions Inc. acquired a new stake in Walt Disney during the 4th quarter worth approximately $26,000. Gold Investment Management Ltd. acquired a new stake in Walt Disney during the 4th quarter valued at approximately $28,000. Partnership Wealth Management LLC bought a new position in Walt Disney during the 4th quarter worth approximately $33,000. Stone House Investment Management LLC lifted its position in shares of Walt Disney by 355.3% in the 4th quarter. Stone House Investment Management LLC now owns 346 shares of the entertainment giant’s stock worth $31,000 after purchasing an additional 270 shares during the period. Finally, Red Tortoise LLC boosted its stake in shares of Walt Disney by 141.4% in the 1st quarter. Red Tortoise LLC now owns 367 shares of the entertainment giant’s stock valued at $45,000 after purchasing an additional 215 shares during the last quarter. Institutional investors own 65.71% of the company’s stock.

Insider Activity

In other news, Director James P. Gorman acquired 20,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 8th. The stock was bought at an average price of $106.03 per share, with a total value of $2,120,600.00. Following the acquisition, the director now owns 20,467 shares in the company, valued at approximately $2,170,116.01. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other Walt Disney news, EVP Sonia L. Coleman sold 4,400 shares of the business’s stock in a transaction on 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 legal filing with the SEC, which is accessible through this hyperlink. Also, Director James P. Gorman purchased 20,000 shares of Walt Disney stock in a transaction dated Wednesday, May 8th. The stock was bought at an average price of $106.03 per share, with a total value of $2,120,600.00. Following the completion of the transaction, the director now owns 20,467 shares of the company’s stock, valued at approximately $2,170,116.01. The disclosure for this purchase can be found here. Insiders own 0.10% of the company’s stock.

Walt Disney Trading Up 0.6 %

Shares of Walt Disney stock opened at $98.59 on Thursday. The stock has a fifty day moving average price of $104.17 and a 200-day moving average price of $104.81. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.75 and a quick ratio of 0.69. The firm has a market cap of $179.72 billion, a PE ratio of 107.16, a P/E/G ratio of 1.22 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.

Walt Disney (NYSE:DIS) last released its earnings results on Tuesday, May 7th. The entertainment giant reported $1.21 earnings per share for the quarter, beating analysts’ consensus estimates of $1.12 by $0.09. The firm had revenue of $22.08 billion during the quarter, compared to the consensus estimate of $22.12 billion. Walt Disney had a net margin of 1.90% and a return on equity of 8.37%. The company’s revenue was up 1.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.93 EPS. Equities research analysts anticipate that The Walt Disney Company will post 4.75 EPS for the current year.

Analyst Upgrades and Downgrades

Several brokerages recently commented on DIS. Guggenheim upped their target price on Walt Disney from $125.00 to $140.00 and gave the company a “buy” rating in a research report on Wednesday, April 3rd. Deutsche Bank Aktiengesellschaft raised their price target on shares of Walt Disney from $125.00 to $130.00 and gave the stock a “buy” rating in a report on Monday, May 6th. Loop Capital upped their price objective on shares of Walt Disney from $113.00 to $140.00 and gave the company a “buy” rating in a report on Monday, May 6th. Macquarie increased their price target on Walt Disney from $104.00 to $107.00 and gave the stock a “neutral” rating in a report on Monday, May 13th. Finally, Daiwa Capital Markets restated a “buy” rating and set a $133.00 price objective on shares of Walt Disney in a report on Monday, April 1st. One investment 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. According to MarketBeat, Walt Disney has a consensus rating of “Moderate Buy” and a consensus price target of $126.44.

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.