Sowell Financial Services LLC Sells 6,829 Shares of The Walt Disney Company (NYSE:DIS)

Sowell Financial Services LLC lessened its stake in The Walt Disney Company (NYSE:DIS) by 11.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 53,780 shares of the entertainment giant’s stock after selling 6,829 shares during the quarter. Sowell Financial Services LLC’s holdings in Walt Disney were worth $5,988,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of DIS. Argentarii LLC bought a new position in Walt Disney in the 4th quarter worth about $342,000. OFI Invest Asset Management purchased a new position in shares of Walt Disney during the fourth quarter worth approximately $1,534,000. United Community Bank boosted its position in Walt Disney by 11.6% during the fourth quarter. United Community Bank now owns 9,107 shares of the entertainment giant’s stock valued at $1,014,000 after buying an additional 950 shares during the period. Personal CFO Solutions LLC boosted its stake in shares of Walt Disney by 5.2% during the fourth quarter. Personal CFO Solutions LLC now owns 5,901 shares of the entertainment giant’s stock valued at $657,000 after purchasing an additional 293 shares during the period. Finally, Dorsey & Whitney Trust CO LLC increased its position in shares of Walt Disney by 1.3% in the fourth quarter. Dorsey & Whitney Trust CO LLC now owns 71,201 shares of the entertainment giant’s stock valued at $7,928,000 after acquiring an additional 907 shares during the period. Hedge funds and other institutional investors own 65.71% of the company’s stock.

Insider Buying and Selling at Walt Disney

In other news, EVP Brent Woodford sold 8,000 shares of the company’s 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 transaction, the executive vice president now owns 44,055 shares in the company, valued at approximately $5,054,870.70. This represents a 15.37 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 0.16% of the company’s stock.

Walt Disney Price Performance

Shares of DIS opened at $105.58 on Friday. The Walt Disney Company has a fifty-two week low of $83.91 and a fifty-two week high of $123.74. The firm’s 50 day moving average price is $110.30 and its 200 day moving average price is $104.05. The company has a market cap of $190.87 billion, a P/E ratio of 34.39, a PEG ratio of 1.80 and a beta of 1.41. The company has a quick ratio of 0.62, a current ratio of 0.68 and a debt-to-equity ratio of 0.36.

Walt Disney (NYSE:DIS) last announced its quarterly earnings data on Wednesday, February 5th. The entertainment giant reported $1.76 EPS for the quarter, beating analysts’ consensus estimates of $1.44 by $0.32. Walt Disney had a net margin of 6.07% and a return on equity of 9.95%. On average, research analysts forecast that The Walt Disney Company will post 5.47 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on DIS. Redburn Atlantic upgraded Walt Disney from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $100.00 to $147.00 in a research report on Tuesday, January 7th. The Goldman Sachs Group lifted their target price on shares of Walt Disney from $137.00 to $139.00 and gave the company a “buy” rating in a research note on Tuesday, February 4th. Citigroup reaffirmed a “buy” rating and set a $125.00 price objective on shares of Walt Disney in a research report on Wednesday, January 22nd. Evercore ISI lifted their price target on Walt Disney from $128.00 to $134.00 and gave the company an “outperform” rating in a research report on Monday, November 18th. Finally, Macquarie reaffirmed a “neutral” rating and issued a $110.00 target price on shares of Walt Disney in a research report on Monday, January 6th. Six research analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Walt Disney has a consensus rating of “Moderate Buy” and a consensus target price 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.