Essex Investment Management Co. LLC Sells 645 Shares of The Walt Disney Company (NYSE:DIS)

Essex Investment Management Co. LLC trimmed its holdings in shares of The Walt Disney Company (NYSE:DIS) by 2.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 31,211 shares of the entertainment giant’s stock after selling 645 shares during the quarter. Essex Investment Management Co. LLC’s holdings in Walt Disney were worth $3,475,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of DIS. Impax Asset Management Group plc grew its stake in Walt Disney by 4.5% during the third quarter. Impax Asset Management Group plc now owns 644,017 shares of the entertainment giant’s stock worth $61,948,000 after buying an additional 27,806 shares in the last quarter. M&G PLC acquired a new stake in Walt Disney during the third quarter worth about $1,250,000. Summit Global Investments grew its stake in Walt Disney by 476.0% during the third quarter. Summit Global Investments now owns 12,379 shares of the entertainment giant’s stock worth $1,191,000 after buying an additional 10,230 shares in the last quarter. CWA Asset Management Group LLC acquired a new stake in Walt Disney during the third quarter worth about $2,942,000. Finally, Applied Finance Capital Management LLC grew its stake in Walt Disney by 12.3% during the third quarter. Applied Finance Capital Management LLC now owns 439,274 shares of the entertainment giant’s stock worth $42,254,000 after buying an additional 48,189 shares in the last quarter. 65.71% of the stock is owned by institutional investors.

Insider Activity

In related news, EVP Brent Woodford sold 8,000 shares of Walt Disney stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of $114.74, for a total value of $917,920.00. Following the completion of the sale, the executive vice president now owns 44,055 shares of the company’s stock, valued at approximately $5,054,870.70. This trade represents a 15.37 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.16% of the stock is currently owned by company insiders.

Walt Disney Stock Up 0.1 %

Walt Disney stock opened at $105.58 on Friday. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.62 and a current ratio of 0.68. The Walt Disney Company has a 52-week low of $83.91 and a 52-week high of $123.74. The firm has a 50 day moving average price of $110.30 and a two-hundred day moving average price of $104.05. The firm has a market cap of $190.87 billion, a price-to-earnings ratio of 34.39, a PEG ratio of 1.80 and a beta of 1.41.

Walt Disney (NYSE:DIS) last released its quarterly earnings results on Wednesday, February 5th. The entertainment giant reported $1.76 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.44 by $0.32. Walt Disney had a net margin of 6.07% and a return on equity of 9.95%. Equities analysts predict that The Walt Disney Company will post 5.47 EPS for the current year.

Analyst Ratings Changes

DIS has been the topic of a number of analyst reports. Jefferies Financial Group initiated coverage on shares of Walt Disney in a research note on Wednesday, December 4th. They set a “hold” rating and a $120.00 price objective on the stock. Redburn Atlantic upgraded shares of Walt Disney from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $100.00 to $147.00 in a research note on Tuesday, January 7th. Loop Capital increased their price objective on shares of Walt Disney from $125.00 to $130.00 and gave the stock a “buy” rating in a research note on Tuesday, March 4th. Bank of America increased their price objective on shares of Walt Disney from $120.00 to $140.00 and gave the stock a “buy” rating in a research note on Friday, November 15th. Finally, Sanford C. Bernstein raised their price target on shares of Walt Disney from $115.00 to $120.00 and gave the company an “outperform” rating in a research note on Friday, November 15th. Six investment analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Walt Disney has a consensus rating of “Moderate Buy” and an average price target of $125.64.

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.