The Walt Disney Company (NYSE:DIS) Shares Sold by Kapitalo Investimentos Ltda

Key Points

• Kapitalo Investimentos Ltda reduced its stake in The Walt Disney Company by 5.6%, now holding 121,100 shares, valued at approximately $11.95 million, making Disney its 14th largest position.
• Several institutional investors have significantly increased their holdings in Walt Disney, including DZ BANK AG with a 1,900% increase and GAMMA Investing LLC with a remarkable 10,567.3% increase during the first quarter.
• The Walt Disney Company reported a net margin of 9.47% and beat earnings expectations with an EPS of $1.45, contributing to a 7.0% revenue increase year-over-year during its latest earnings release.

Kapitalo Investimentos Ltda lowered its position in The Walt Disney Company (NYSE:DIS - Free Report) by 5.6% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 121,100 shares of the entertainment giant's stock after selling 7,247 shares during the period. Walt Disney comprises about 2.4% of Kapitalo Investimentos Ltda's investment portfolio, making the stock its 14th biggest holding. Kapitalo Investimentos Ltda's holdings in Walt Disney were worth $11,953,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the company. Mpwm Advisory Solutions LLC purchased a new stake in Walt Disney during the fourth quarter valued at approximately $27,000. Kessler Investment Group LLC grew its stake in Walt Disney by 274.0% in the first quarter. Kessler Investment Group LLC now owns 273 shares of the entertainment giant's stock worth $27,000 after purchasing an additional 200 shares in the last quarter. Pilgrim Partners Asia Pte Ltd bought a new stake in Walt Disney during the 4th quarter valued at $32,000. Copia Wealth Management purchased a new stake in Walt Disney in the fourth quarter valued at about $36,000. Finally, Vermillion Wealth Management Inc. purchased a new stake in Walt Disney in the fourth quarter valued at about $39,000. Institutional investors own 65.71% of the company's stock.

Insiders Place Their Bets

In related news, EVP Brent Woodford sold 1,000 shares of the company's stock in a transaction on Tuesday, May 13th. The shares were sold at an average price of $110.84, for a total transaction of $110,840.00. Following the completion of the sale, 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.16% of the company's stock.

Walt Disney Trading Up 0.2%

DIS stock traded up $0.25 during midday trading on Wednesday, hitting $120.16. The stock had a trading volume of 1,905,504 shares, compared to its average volume of 9,740,767. The firm has a market cap of $216.02 billion, a PE ratio of 24.58, a price-to-earnings-growth ratio of 1.76 and a beta of 1.56. 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 Walt Disney Company has a 12-month low of $80.10 and a 12-month high of $124.69. The company's 50-day moving average price is $118.28 and its 200 day moving average price is $107.51.

Walt Disney (NYSE:DIS - Get Free Report) last announced its quarterly earnings results on Wednesday, May 7th. The entertainment giant reported $1.45 earnings per share for the quarter, beating analysts' consensus estimates of $1.21 by $0.24. The company had revenue of $23.62 billion for the quarter, compared to analyst estimates of $23.15 billion. Walt Disney had a net margin of 9.47% and a return on equity of 9.99%. Walt Disney's revenue for the quarter was up 7.0% on a year-over-year basis. During the same quarter last year, the business earned $1.21 EPS. On average, equities research analysts predict that The Walt Disney Company will post 5.47 earnings per share for the current fiscal year.

Analysts Set New Price Targets

DIS has been the subject of a number of research analyst reports. Morgan Stanley raised their target price on Walt Disney from $110.00 to $120.00 and gave the stock an "overweight" rating in a research note on Thursday, May 8th. Citigroup lifted their price objective on Walt Disney from $125.00 to $140.00 and gave the stock a "buy" rating in a report on Wednesday, July 9th. Wolfe Research raised shares of Walt Disney from a "peer perform" rating to an "outperform" rating and set a $112.00 target price on the stock in a research note on Monday, April 21st. JPMorgan Chase & Co. lifted their price target on shares of Walt Disney from $130.00 to $138.00 and gave the company an "overweight" rating in a research report on Tuesday. Finally, UBS Group upped their price target on Walt Disney from $120.00 to $138.00 and gave the stock a "buy" rating in a research note on Wednesday, July 16th. Five analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock 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.