Vaughan Nelson Investment Management L.P. Reduces Stake in The Walt Disney Company (NYSE:DIS)

Vaughan Nelson Investment Management L.P. has reduced its stake in The Walt Disney Company (NYSE:DIS) by 23.2%, now holding 1,594,142 shares after selling 481,270 shares in Q1. This represents 1.6% of their portfolio, valued at approximately $157.3 million. Other investors have also adjusted their positions, with significant increases from Trek Financial LLC and Rheos Capital Works Inc. Analysts maintain a positive outlook on Disney, with a consensus target price of $123.96 and multiple buy ratings from various firms.

Vaughan Nelson Investment Management L.P. lowered its position in The Walt Disney Company (NYSE:DIS - Free Report) by 23.2% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,594,142 shares of the entertainment giant's stock after selling 481,270 shares during the period. Walt Disney makes up approximately 1.6% of Vaughan Nelson Investment Management L.P.'s investment portfolio, making the stock its 16th largest holding. Vaughan Nelson Investment Management L.P. owned 0.09% of Walt Disney worth $157,341,000 at the end of the most recent quarter.

MarketBeat Week in Review – 05/05 - 05/09

Other large investors have also recently bought and sold shares of the company. Trek Financial LLC boosted its position in Walt Disney by 479.9% in the fourth quarter. Trek Financial LLC now owns 36,320 shares of the entertainment giant's stock valued at $4,044,000 after buying an additional 30,057 shares during the last quarter. Greystone Financial Group LLC boosted its position in Walt Disney by 13.3% in the fourth quarter. Greystone Financial Group LLC now owns 85,187 shares of the entertainment giant's stock valued at $9,486,000 after buying an additional 9,967 shares during the last quarter. FourThought Financial Partners LLC purchased a new stake in Walt Disney in the fourth quarter valued at approximately $446,000. Rheos Capital Works Inc. boosted its position in Walt Disney by 164.7% in the first quarter. Rheos Capital Works Inc. now owns 395,400 shares of the entertainment giant's stock valued at $39,026,000 after buying an additional 246,000 shares during the last quarter. Finally, Merit Financial Group LLC boosted its position in Walt Disney by 47.0% in the first quarter. Merit Financial Group LLC now owns 57,172 shares of the entertainment giant's stock valued at $5,643,000 after buying an additional 18,272 shares during the last quarter. Hedge funds and other institutional investors own 65.71% of the company's stock.

Insiders Place Their Bets

In other Walt Disney news, EVP Brent Woodford sold 1,000 shares of the firm's stock in a transaction on Tuesday, May 13th. The stock was sold at an average price of $110.84, for a total value of $110,840.00. Following the completion of the sale, the executive vice president now directly owns 46,831 shares of the company's stock, valued at $5,190,748.04. This trade represents a 2.09% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.16% of the company's stock.

Analyst Ratings Changes

Disney Stock Jumps on Earnings—Is the Magic Sustainable?

Several research firms have commented on DIS. Needham & Company LLC restated a "buy" rating and issued a $125.00 price objective on shares of Walt Disney in a research report on Thursday, May 8th. UBS Group upped their price objective on Walt Disney from $105.00 to $120.00 and gave the stock a "buy" rating in a research report on Thursday, May 8th. Wolfe Research upgraded Walt Disney from a "peer perform" rating to an "outperform" rating and set a $112.00 price objective on the stock in a research report on Monday, April 21st. Loop Capital upped their price objective on Walt Disney from $125.00 to $130.00 and gave the stock a "buy" rating in a research report on Tuesday. Finally, Guggenheim lowered their price objective on Walt Disney from $130.00 to $120.00 and set a "buy" rating on the stock in a research report on Thursday, May 8th. Six analysts have rated the stock with a hold rating, seventeen have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $123.96.

Get Our Latest Stock Analysis on Walt Disney

Walt Disney Stock Down 0.6%

MarketBeat Week in Review – 04/28 - 05/02

NYSE DIS opened at $117.85 on Friday. The business has a fifty day moving average price of $101.58 and a 200 day moving average price of $105.92. The Walt Disney Company has a one year low of $80.10 and a one year high of $120.50. 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 company has a market cap of $211.86 billion, a P/E ratio of 38.39, a P/E/G ratio of 1.80 and a beta of 1.54.

Walt Disney (NYSE:DIS - Get Free Report) last posted its quarterly earnings data on Wednesday, May 7th. The entertainment giant reported $1.45 EPS for the quarter, beating the consensus estimate of $1.21 by $0.24. Walt Disney had a return on equity of 9.95% and a net margin of 6.07%. The firm had revenue of $23.62 billion during the quarter, compared to the consensus estimate of $23.15 billion. During the same period in the prior year, the company earned $1.21 EPS. The firm's revenue was up 7.0% compared to the same quarter last year. Research analysts anticipate that The Walt Disney Company will post 5.47 EPS for the current fiscal year.

Walt Disney Profile

(Free Report)

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.

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