Insider Selling: The Walt Disney Company (NYSE:DIS) EVP Sells 1,139 Shares of Stock

The Walt Disney Company (NYSE:DIS – Get Rating) EVP Brent Woodford sold 1,139 shares of the firm’s stock in a transaction dated Tuesday, January 24th. The shares were sold at an average price of $105.71, for a total transaction of $120,403.69. Following the completion of the sale, the executive vice president now owns 32,047 shares of the company’s stock, valued at approximately $3,387,688.37. The transaction was disclosed in a document filed with the SEC, which is available at this link.

Brent Woodford also recently made the following trade(s):

• On Thursday, January 12th, Brent Woodford sold 18,110 shares of Walt Disney stock. The shares were sold at an average price of $98.46, for a total transaction of $1,783,110.60.

Walt Disney Stock Performance

DIS stock traded up $2.12 during midday trading on Wednesday, reaching $108.12. 9,950,319 shares of the company were exchanged, compared to its average volume of 12,038,843. The Walt Disney Company has a one year low of $84.07 and a one year high of $157.50. The firm has a market capitalization of $197.17 billion, a price-to-earnings ratio of 62.86, a price-to-earnings-growth ratio of 2.21 and a beta of 1.22. The business has a 50-day moving average price of $94.35 and a two-hundred day moving average price of $101.05. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.00 and a quick ratio of 0.94.

Walt Disney (NYSE:DIS – Get Rating) last announced its quarterly earnings results on Tuesday, November 8th. The entertainment giant reported $0.30 EPS for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.20). The company had revenue of $20.15 billion during the quarter, compared to analyst estimates of $21.10 billion. Walt Disney had a net margin of 3.80% and a return on equity of 6.96%. Equities research analysts forecast that The Walt Disney Company will post 3.97 EPS for the current year.

Hedge Funds Weigh In On Walt Disney

A number of large investors have recently made changes to their positions in DIS. Mirae Asset Global Investments Co. Ltd. increased its holdings in shares of Walt Disney by 8.6% during the second quarter. Mirae Asset Global Investments Co. Ltd. now owns 427,503 shares of the entertainment giant’s stock worth $40,356,000 after purchasing an additional 33,857 shares during the period. Congress Park Capital LLC raised its stake in Walt Disney by 8.7% in the third quarter. Congress Park Capital LLC now owns 19,408 shares of the entertainment giant’s stock valued at $1,831,000 after purchasing an additional 1,557 shares in the last quarter. Webster Bank N. A. lifted its position in Walt Disney by 1.8% during the third quarter. Webster Bank N. A. now owns 35,893 shares of the entertainment giant’s stock worth $3,386,000 after purchasing an additional 624 shares during the period. Calamos Advisors LLC increased its holdings in Walt Disney by 2.1% in the 2nd quarter. Calamos Advisors LLC now owns 760,404 shares of the entertainment giant’s stock valued at $71,782,000 after buying an additional 15,469 shares during the period. Finally, Middleton & Co. Inc. MA raised its position in shares of Walt Disney by 0.4% in the 2nd quarter. Middleton & Co. Inc. MA now owns 35,377 shares of the entertainment giant’s stock valued at $3,340,000 after buying an additional 150 shares in the last quarter. Institutional investors own 62.22% of the company’s stock.

Analyst Upgrades and Downgrades

DIS has been the topic of a number of recent research reports. Truist Financial decreased their price objective on Walt Disney from $125.00 to $120.00 and set a “buy” rating on the stock in a research report on Tuesday, January 17th. The Goldman Sachs Group dropped their price objective on Walt Disney from $137.00 to $118.00 and set a “buy” rating for the company in a report on Wednesday, November 9th. Bank of America reduced their price target on Walt Disney from $144.00 to $127.00 and set a “buy” rating on the stock in a research report on Friday, September 30th. Evercore ISI decreased their target price on Walt Disney from $140.00 to $115.00 in a research report on Wednesday, November 9th. Finally, Morgan Stanley lowered their price target on Walt Disney from $125.00 to $115.00 and set an “overweight” rating for the company in a report on Monday, December 12th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and twenty have given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $128.74.

About Walt Disney

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The Walt Disney Co is a diversified international family entertainment and media enterprise. It operates through the following segments: Disney Media and Entertainment Distribution (DMED) and Disney Parks, Experiences and Products (DPEP). The DMED segment encompasses the company’s global film and episodic television content production and distribution activities.