The Walt Disney Company (NYSE:DIS) Position Cut by Catalyst Capital Advisors LLC

Catalyst Capital Advisors LLC cut its position in shares of The Walt Disney Company (NYSE:DIS - Free Report) by 27.3% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 11,567 shares of the entertainment giant's stock after selling 4,354 shares during the quarter. Catalyst Capital Advisors LLC's holdings in Walt Disney were worth $1,142,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of the company. GPM Growth Investors Inc. increased its position in Walt Disney by 4.3% during the fourth quarter. GPM Growth Investors Inc. now owns 2,342 shares of the entertainment giant's stock worth $261,000 after buying an additional 96 shares in the last quarter. Waterloo Capital L.P. increased its position in Walt Disney by 3.2% during the fourth quarter. Waterloo Capital L.P. now owns 3,138 shares of the entertainment giant's stock worth $349,000 after buying an additional 97 shares in the last quarter. Quadrant Capital Group LLC increased its position in Walt Disney by 0.4% during the fourth quarter. Quadrant Capital Group LLC now owns 22,658 shares of the entertainment giant's stock worth $2,523,000 after buying an additional 98 shares in the last quarter. Acorns Advisers LLC increased its position in Walt Disney by 2.6% during the fourth quarter. Acorns Advisers LLC now owns 3,826 shares of the entertainment giant's stock worth $426,000 after buying an additional 98 shares in the last quarter. Finally, Allegheny Financial Group increased its position in Walt Disney by 2.3% during the fourth quarter. Allegheny Financial Group now owns 4,624 shares of the entertainment giant's stock worth $515,000 after buying an additional 106 shares in the last quarter. 65.71% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Walt Disney

In other news, EVP Brent Woodford sold 1,000 shares of the company's stock in a transaction that occurred on Tuesday, May 13th. The stock was sold at an average price of $110.84, for a total transaction of $110,840.00. Following the completion of the transaction, the executive vice president directly owned 46,831 shares of the company's stock, valued at approximately $5,190,748.04. This represents a 2.09% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.16% of the company's stock.

Analyst Ratings Changes

Several equities analysts have weighed in on DIS shares. Wolfe Research raised Walt Disney from a "peer perform" rating to an "outperform" rating and set a $112.00 price target for the company in a research report on Monday, April 21st. Jefferies Financial Group raised Walt Disney from a "hold" rating to a "buy" rating and lifted their price objective for the company from $100.00 to $144.00 in a research report on Monday, June 30th. Rosenblatt Securities lifted their target price on Walt Disney from $135.00 to $140.00 and gave the company a "buy" rating in a report on Tuesday, June 3rd. Guggenheim lifted their target price on Walt Disney from $120.00 to $140.00 and gave the company a "buy" rating in a report on Friday, June 27th. Finally, Loop Capital boosted their price objective on Walt Disney from $125.00 to $130.00 and gave the stock a "buy" rating in a research note on Tuesday, June 10th. Five equities research 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 company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $125.83.

Walt Disney Stock Performance

Shares of NYSE:DIS traded up $1.00 during trading on Friday, hitting $123.98. 4,252,305 shares of the company traded hands, compared to its average volume of 10,037,800. The stock has a market capitalization of $222.88 billion, a price-to-earnings ratio of 25.35, a PEG ratio of 1.81 and a beta of 1.56. The business's fifty day moving average is $111.87 and its 200-day moving average is $106.37. The Walt Disney Company has a one year low of $80.10 and a one year high of $124.69. The company has a quick ratio of 0.61, a current ratio of 0.67 and a debt-to-equity ratio of 0.34.

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

Walt Disney Company 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.