Levin Capital Strategies L.P. Reduces Stock Position in The Walt Disney Company (NYSE:DIS)

Key Points

• Levin Capital Strategies L.P. has reduced its stake in The Walt Disney Company by 60.9%, now holding 13,995 shares valued at approximately $1.38 million.
• Walt Disney's recent quarterly earnings report showed an EPS of $1.45, exceeding expectations, with revenue of $23.62 billion reflecting a 7.0% year-over-year increase.
• Price targets for Walt Disney stock have been raised by multiple analysts, with the average target now at $129.83 and a consensus rating of "Moderate Buy."

Levin Capital Strategies L.P. lessened its stake in shares of The Walt Disney Company (NYSE:DIS - Free Report) by 60.9% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 13,995 shares of the entertainment giant's stock after selling 21,760 shares during the quarter. Levin Capital Strategies L.P.'s holdings in Walt Disney were worth $1,381,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the stock. Waterloo Capital L.P. boosted its holdings 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 valued at $349,000 after acquiring an additional 97 shares during the last quarter. Acorns Advisers LLC increased 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 valued at $426,000 after purchasing an additional 98 shares during the last quarter. Clearstead Trust LLC increased its position in shares of Walt Disney by 0.6% during the 1st quarter. Clearstead Trust LLC now owns 16,509 shares of the entertainment giant's stock valued at $1,629,000 after purchasing an additional 99 shares during the last quarter. Allegheny Financial Group increased 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 valued at $515,000 after purchasing an additional 106 shares during the last quarter. Finally, Resonant Capital Advisors LLC increased its position in shares of Walt Disney by 0.4% during the 1st quarter. Resonant Capital Advisors LLC now owns 26,119 shares of the entertainment giant's stock valued at $2,578,000 after purchasing an additional 113 shares during the last quarter. Hedge funds and other institutional investors own 65.71% of the company's stock.

Walt Disney Price Performance

NYSE:DIS opened at $119.38 on Tuesday. The company has a market capitalization of $214.62 billion, a P/E ratio of 24.41, a P/E/G ratio of 1.71 and a beta of 1.56. The Walt Disney Company has a 12 month low of $80.10 and a 12 month high of $124.69. The business's 50-day moving average is $118.95 and its 200 day moving average is $107.82. The company has a current ratio of 0.67, a quick ratio of 0.61 and a debt-to-equity ratio of 0.34.

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

Insider Buying and Selling at Walt Disney

In other news, EVP Brent Woodford sold 1,000 shares of the business's stock in a transaction dated Tuesday, May 13th. The shares were sold at an average price of $110.84, for a total value 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. The trade was a 2.09% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.16% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several research firms have recently commented on DIS. Citigroup upped their price target on shares of Walt Disney from $125.00 to $140.00 and gave the company a "buy" rating in a research report on Wednesday, July 9th. Jefferies Financial Group raised shares of 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 research report on Monday, June 30th. Morgan Stanley upped their price target on shares of Walt Disney from $120.00 to $140.00 and gave the company an "overweight" rating in a research report on Monday. UBS Group upped their price target on shares of Walt Disney from $120.00 to $138.00 and gave the company a "buy" rating in a research report on Wednesday, July 16th. Finally, Barclays lifted their price objective on Walt Disney from $120.00 to $140.00 and gave the company an "overweight" rating in a research report on Wednesday, July 9th. Five equities research analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $129.83.

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.

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