The Walt Disney Company (NYSE:DIS) Shares Sold by Empirical Financial Services LLC d.b.a. Empirical Wealth Management

Empirical Financial Services LLC d.b.a. Empirical Wealth Management cut its position in shares of The Walt Disney Company (NYSE:DIS) by 2.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 15,046 shares of the entertainment giant’s stock after selling 310 shares during the quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management’s holdings in Walt Disney were worth $1,358,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of DIS. Trian Fund Management L.P. raised its position in Walt Disney by 411.6% in the third quarter. Trian Fund Management L.P. now owns 32,868,307 shares of the entertainment giant’s stock valued at $2,663,976,000 after purchasing an additional 26,443,257 shares during the period. First Eagle Investment Management LLC purchased a new stake in shares of Walt Disney during the third quarter valued at approximately $326,171,000. International Assets Investment Management LLC boosted its stake in shares of Walt Disney by 8,681.3% in the fourth quarter. International Assets Investment Management LLC now owns 3,349,709 shares of the entertainment giant’s stock valued at $302,445,000 after purchasing an additional 3,311,563 shares during the period. Loomis Sayles & Co. L P increased its stake in Walt Disney by 21.0% during the 3rd quarter. Loomis Sayles & Co. L P now owns 14,416,343 shares of the entertainment giant’s stock worth $1,168,444,000 after buying an additional 2,505,486 shares during the period. Finally, Northern Trust Corp boosted its position in Walt Disney by 10.6% in the 3rd quarter. Northern Trust Corp now owns 24,859,476 shares of the entertainment giant’s stock valued at $2,014,861,000 after buying an additional 2,384,407 shares during the last quarter. 65.71% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms recently commented on DIS. Loop Capital boosted their price target on Walt Disney from $113.00 to $140.00 and gave the stock a “buy” rating in a research note on Monday. Deutsche Bank Aktiengesellschaft upped their target price on Walt Disney from $125.00 to $130.00 and gave the company a “buy” rating in a research report on Monday. Morgan Stanley raised their price target on shares of Walt Disney from $110.00 to $135.00 and gave the stock an “overweight” rating in a research report on Monday, March 4th. Wells Fargo & Company raised their price objective on shares of Walt Disney from $128.00 to $141.00 and gave the stock an “overweight” rating in a report on Tuesday, April 23rd. Finally, Rosenblatt Securities upped their target price on shares of Walt Disney from $129.00 to $137.00 and gave the company a “buy” rating in a research note on Tuesday, April 2nd. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and twenty-three have given a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $126.75.

Walt Disney Stock Performance

DIS stock traded up $0.83 during trading on Wednesday, reaching $106.22. 6,060,689 shares of the company’s stock were exchanged, compared to its average volume of 11,995,258. The company’s fifty day moving average price is $114.59 and its 200-day moving average price is $101.21. The firm has a market cap of $194.84 billion, a PE ratio of 65.50, a P/E/G ratio of 1.39 and a beta of 1.40. The company has a quick ratio of 0.77, a current ratio of 0.84 and a debt-to-equity ratio of 0.39. 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 posted its quarterly earnings data on Tuesday, May 7th. The entertainment giant reported $1.21 earnings per share (EPS) for the quarter, beating 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 business had revenue of $22.08 billion during the quarter, compared to analysts’ expectations of $22.12 billion. During the same period last year, the firm posted $0.93 earnings per share. The business’s revenue was up 1.2% on a year-over-year basis. On average, research analysts expect that The Walt Disney Company will post 4.7 EPS for the current fiscal year.

Insider Activity

In related news, EVP Sonia L. Coleman sold 1,857 shares of Walt Disney stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $121.92, for a total transaction of $226,405.44. Following the transaction, the executive vice president now directly owns 4,400 shares of the company’s stock, valued at $536,448. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 0.10% of the stock is owned by insiders.

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.