The Walt Disney Company (NYSE:DIS) Shares Sold by Bryce Point Capital LLC

Key Points

• Bryce Point Capital LLC has significantly reduced its stake in The Walt Disney Company by 61.4%, selling 11,168 shares and leaving it with 7,020 shares valued at approximately $749,000.
• Several hedge funds, including New Age Alpha Advisors LLC and Arrowstreet Capital, have recently made notable increases in their holdings of Disney shares, indicating continued interest in the stock.
• Analysts' price targets for Walt Disney have been raised substantially, with UBS Group setting a new target at $138.00 and Jefferies Financial Group moving it up to $144.00, reflecting a positive outlook for the company's stock.

Bryce Point Capital LLC trimmed its holdings in shares of The Walt Disney Company (NYSE:DIS - Free Report) by 61.4% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,020 shares of the entertainment giant's stock after selling 11,168 shares during the period. Bryce Point Capital LLC's holdings in Walt Disney were worth $749,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of the company. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main boosted its position in shares of Walt Disney by 1,900.0% during the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 5,735,961 shares of the entertainment giant's stock valued at $638,699,000 after acquiring an additional 5,449,158 shares during the last quarter. Arrowstreet Capital Limited Partnership increased its holdings in Walt Disney by 75.8% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 10,858,108 shares of the entertainment giant's stock worth $1,209,050,000 after purchasing an additional 4,680,930 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of Walt Disney by 21.8% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 16,867,017 shares of the entertainment giant's stock valued at $1,878,142,000 after purchasing an additional 3,016,339 shares in the last quarter. Diamond Hill Capital Management Inc. increased its holdings in shares of Walt Disney by 1,080.7% in the 1st quarter. Diamond Hill Capital Management Inc. now owns 2,816,548 shares of the entertainment giant's stock valued at $277,993,000 after acquiring an additional 2,578,004 shares during the last quarter. Finally, GAMMA Investing LLC increased its holdings in shares of Walt Disney by 10,567.3% in the 1st quarter. GAMMA Investing LLC now owns 2,450,702 shares of the entertainment giant's stock valued at $241,884,000 after acquiring an additional 2,427,728 shares during the last quarter. 65.71% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Walt Disney

In other Walt Disney news, EVP Brent Woodford sold 1,000 shares of the stock in a transaction dated Tuesday, May 13th. The stock was sold at an average price of $110.84, for a total value of $110,840.00. Following the sale, the executive vice president owned 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 0.16% of the company's stock.

Walt Disney Stock Down 0.4%

Shares of Walt Disney stock traded down $0.44 during trading on Tuesday, hitting $119.93. 6,212,437 shares of the stock traded hands, compared to its average volume of 9,796,103. The firm has a market cap of $215.60 billion, a P/E ratio of 24.53, a price-to-earnings-growth ratio of 1.78 and a beta of 1.56. The company has a current ratio of 0.67, a quick ratio of 0.61 and a debt-to-equity ratio of 0.34. The stock's fifty day simple moving average is $118.13 and its 200 day simple moving average is $107.42. The Walt Disney Company has a 52-week low of $80.10 and a 52-week high of $124.69.

Walt Disney (NYSE:DIS - Get Free Report) last released its quarterly earnings results 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 net margin of 9.47% and a return on equity of 9.99%. The company had revenue of $23.62 billion for the quarter, compared to analyst estimates of $23.15 billion. During the same quarter last year, the business earned $1.21 earnings per share. The firm's revenue was up 7.0% on a year-over-year basis. On average, equities analysts predict that The Walt Disney Company will post 5.47 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the company. UBS Group boosted their target price on Walt Disney from $120.00 to $138.00 and gave the company a "buy" rating in a report on Wednesday, July 16th. Needham & Company LLC restated a "buy" rating and set a $125.00 price objective on shares of Walt Disney in a research report on Thursday, May 8th. Morgan Stanley lifted their price objective on Walt Disney from $110.00 to $120.00 and gave the stock an "overweight" rating in a research report on Thursday, May 8th. Barclays raised their price objective on Walt Disney from $120.00 to $140.00 and gave the stock an "overweight" rating in a report on Wednesday, July 9th. Finally, Guggenheim increased their target price on Walt Disney from $120.00 to $140.00 and gave the company a "buy" rating in a research note on Friday, June 27th. Five analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $128.70.

Walt Disney Profile

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.