Clarity Capital Partners LLC Sells 11,033 Shares of The Walt Disney Company (NYSE:DIS)

Clarity Capital Partners LLC reduced its stake in The Walt Disney Company (NYSE:DIS - Free Report) by 33.9% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 21,526 shares of the entertainment giant's stock after selling 11,033 shares during the quarter. Walt Disney makes up approximately 0.9% of Clarity Capital Partners LLC's investment portfolio, making the stock its 23rd largest position. Clarity Capital Partners LLC's holdings in Walt Disney were worth $2,125,000 as of its most recent filing with the Securities & Exchange Commission.

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

Wall Street Analysts Forecast Growth

DIS has been the subject of several research analyst reports. Guggenheim boosted their price objective on Walt Disney from $120.00 to $140.00 and gave the stock a "buy" rating in a research report on Friday, June 27th. Wolfe Research raised Walt Disney from a "peer perform" rating to an "outperform" rating and set a $112.00 price objective for the company in a research report on Monday, April 21st. Morgan Stanley boosted 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. UBS Group upped their price target on Walt Disney from $105.00 to $120.00 and gave the company a "buy" rating in a report on Thursday, May 8th. Finally, Jefferies Financial Group raised Walt Disney from a "hold" rating to a "buy" rating and upped their price target for the company from $100.00 to $144.00 in a report on Monday, June 30th. Five equities research analysts have rated the stock with a hold rating, seventeen have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $125.83.

Insider Activity

In related news, EVP Brent Woodford sold 1,000 shares of the 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 sale, the executive vice president directly owned 46,831 shares in the company, valued at $5,190,748.04. This represents a 2.09% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.16% of the company's stock.

Walt Disney Price Performance

Shares of DIS traded up $1.00 during mid-day trading on Friday, reaching $123.98. The company had a trading volume of 4,252,305 shares, compared to its average volume of 10,037,800. The Walt Disney Company has a twelve month low of $80.10 and a twelve month high of $124.69. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.67 and a quick ratio of 0.61. The company's 50-day moving average is $111.87 and its 200-day moving average is $106.37. The company has a market capitalization of $222.88 billion, a P/E ratio of 25.35, a P/E/G ratio of 1.81 and a beta of 1.56.

Walt Disney (NYSE:DIS - Get Free Report) last issued its earnings results on Wednesday, May 7th. The entertainment giant reported $1.45 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.21 by $0.24. Walt Disney had a return on equity of 9.99% and a net margin of 9.47%. The business had revenue of $23.62 billion during the quarter, compared to analysts' expectations of $23.15 billion. During the same period in the prior year, the firm posted $1.21 EPS. Walt Disney's quarterly revenue was up 7.0% compared to the same quarter last year. On average, equities analysts anticipate that The Walt Disney Company will post 5.47 EPS for the current year.

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.