Apella Capital LLC Reduces Position in The Walt Disney Company (NYSE:DIS)

Apella Capital LLC lowered its stake in The Walt Disney Company (NYSE:DIS) by 7.1% in the first quarter, HoldingsChannel reports. The institutional investor owned 5,493 shares of the entertainment giant’s stock after selling 421 shares during the period. Apella Capital LLC’s holdings in Walt Disney were worth $648,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in DIS. Destiny Wealth Partners LLC lifted its holdings in shares of Walt Disney by 2.9% in the 1st quarter. Destiny Wealth Partners LLC now owns 3,517 shares of the entertainment giant’s stock valued at $430,000 after purchasing an additional 98 shares during the last quarter. Weil Company Inc. increased its position in Walt Disney by 0.5% during the fourth quarter. Weil Company Inc. now owns 20,295 shares of the entertainment giant’s stock worth $1,832,000 after buying an additional 101 shares during the period. BlackDiamond Wealth Management LLC lifted its stake in Walt Disney by 3.3% in the fourth quarter. BlackDiamond Wealth Management LLC now owns 3,286 shares of the entertainment giant’s stock valued at $318,000 after buying an additional 104 shares during the last quarter. Evolution Advisers Inc. boosted its holdings in shares of Walt Disney by 38.2% in the fourth quarter. Evolution Advisers Inc. now owns 380 shares of the entertainment giant’s stock valued at $34,000 after acquiring an additional 105 shares during the period. Finally, Gradient Capital Advisors LLC grew its position in shares of Walt Disney by 2.9% during the fourth quarter. Gradient Capital Advisors LLC now owns 3,975 shares of the entertainment giant’s stock worth $359,000 after acquiring an additional 111 shares during the last quarter. 65.71% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Walt Disney

In related news, Director James P. Gorman purchased 20,000 shares of the company’s stock in a transaction 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 completion of the transaction, the director now owns 20,467 shares of the company’s stock, valued at approximately $2,170,116.01. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, Director James P. Gorman bought 20,000 shares of Walt Disney stock in a transaction on Wednesday, May 8th. The shares were bought at an average cost of $106.03 per share, for a total transaction of $2,120,600.00. Following the acquisition, the director now owns 20,467 shares in the company, valued at $2,170,116.01. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Sonia L. Coleman sold 4,400 shares of Walt Disney stock in a transaction dated Thursday, May 9th. The stock was sold at an average price of $106.00, for a total transaction of $466,400.00. The disclosure for this sale can be found here. 0.10% of the stock is owned by corporate insiders.

Walt Disney Trading Up 0.4 %

NYSE:DIS opened at $102.20 on Friday. The Walt Disney Company has a 52-week low of $78.73 and a 52-week high of $123.74. The company has a quick ratio of 0.69, a current ratio of 0.75 and a debt-to-equity ratio of 0.38. The stock has a fifty day simple moving average of $105.90 and a 200-day simple moving average of $104.23. The company has a market capitalization of $186.31 billion, a PE ratio of 111.09, a price-to-earnings-growth ratio of 1.27 and a beta of 1.40.

Walt Disney (NYSE:DIS) last announced its earnings results on Tuesday, May 7th. The entertainment giant reported $1.21 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.12 by $0.09. The company had revenue of $22.08 billion during the quarter, compared to analysts’ expectations of $22.12 billion. Walt Disney had a net margin of 1.90% and a return on equity of 8.37%. The firm’s quarterly revenue was up 1.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.93 earnings per share. On average, equities research analysts expect that The Walt Disney Company will post 4.75 earnings per share for the current fiscal year.

Analyst Ratings Changes

DIS has been the subject of a number of recent research reports. JPMorgan Chase & Co. assumed coverage on shares of Walt Disney in a research note on Thursday, April 11th. They set an “overweight” rating and a $140.00 price target for the company. Argus raised their price target on Walt Disney from $125.00 to $140.00 and gave the stock a “buy” rating in a report on Wednesday, April 10th. Morgan Stanley upped their price objective on Walt Disney from $110.00 to $135.00 and gave the company an “overweight” rating in a research note on Monday, March 4th. Daiwa Capital Markets reiterated a “buy” rating and issued a $133.00 target price on shares of Walt Disney in a research note on Monday, April 1st. Finally, Macquarie boosted their target price on Walt Disney from $104.00 to $107.00 and gave the company a “neutral” rating in a report on Monday, May 13th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and twenty-two have issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $126.29.

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.