Pallas Capital Advisors LLC Sells 33,031 Shares of The Walt Disney Company $DIS

Key Points

• Pallas Capital Advisors LLC significantly reduced its stake in The Walt Disney Company by 85.6%, now holding shares valued at $688,000.
• Analysts have raised their price targets for Disney, with Morgan Stanley and Barclays setting new targets at $140.00, reflecting a generally positive outlook on the stock.
• Walt Disney's stock recently posted an EPS of $1.61 for the last quarter, exceeding analyst expectations and showing a 2.1% year-over-year revenue growth.

Pallas Capital Advisors LLC decreased its position in The Walt Disney Company (NYSE:DIS - Free Report) by 85.6% during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor owned 5,545 shares of the entertainment giant's stock after selling 33,031 shares during the period. Pallas Capital Advisors LLC's holdings in Walt Disney were worth $688,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently bought and sold shares of DIS. Brighton Jones LLC raised its stake in shares of Walt Disney by 7.7% during the 4th quarter. Brighton Jones LLC now owns 26,767 shares of the entertainment giant's stock worth $2,980,000 after purchasing an additional 1,904 shares in the last quarter. Two Sigma Investments LP raised its stake in shares of Walt Disney by 158.5% during the 4th quarter. Two Sigma Investments LP now owns 78,587 shares of the entertainment giant's stock worth $8,751,000 after purchasing an additional 48,184 shares in the last quarter. Two Sigma Advisers LP bought a new stake in shares of Walt Disney during the 4th quarter worth approximately $6,158,000. Vident Advisory LLC raised its stake in shares of Walt Disney by 9.5% during the 4th quarter. Vident Advisory LLC now owns 9,263 shares of the entertainment giant's stock worth $1,032,000 after purchasing an additional 801 shares in the last quarter. Finally, Novem Group bought a new stake in shares of Walt Disney during the 4th quarter worth approximately $162,000. Institutional investors own 65.71% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on DIS shares. JPMorgan Chase & Co. upped their price objective on Walt Disney from $130.00 to $138.00 and gave the stock an "overweight" rating in a research note on Tuesday, July 29th. UBS Group increased their price target on Walt Disney from $120.00 to $138.00 and gave the company a "buy" rating in a research note on Wednesday, July 16th. Evercore ISI increased their price target on Walt Disney from $134.00 to $140.00 and gave the company an "outperform" rating in a research note on Monday, August 4th. Guggenheim increased their price target on Walt Disney from $120.00 to $140.00 and gave the company a "buy" rating in a research note on Friday, June 27th. Finally, Raymond James Financial restated a "neutral" rating on shares of Walt Disney in a research note on Monday, August 11th. One analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and eight have given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $131.18.

Walt Disney Stock Up 0.1%

DIS stock traded up $0.13 during trading hours on Tuesday, hitting $112.69. The company's stock had a trading volume of 1,734,897 shares, compared to its average volume of 9,462,214. The company has a quick ratio of 0.66, a current ratio of 0.72 and a debt-to-equity ratio of 0.32. The stock has a 50 day moving average price of $117.56 and a two-hundred day moving average price of $109.22. The company has a market capitalization of $202.61 billion, a PE ratio of 17.67, a price-to-earnings-growth ratio of 1.65 and a beta of 1.55. The Walt Disney Company has a 12 month low of $80.10 and a 12 month high of $124.69.

Walt Disney (NYSE:DIS - Get Free Report) last announced its quarterly earnings data on Wednesday, August 6th. The entertainment giant reported $1.61 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.45 by $0.16. Walt Disney had a net margin of 12.22% and a return on equity of 9.67%. The company had revenue of $23.65 billion during the quarter, compared to analysts' expectations of $23.69 billion. During the same quarter in the prior year, the company posted $1.39 EPS. The business's revenue was up 2.1% on a year-over-year basis. On average, equities research analysts expect that The Walt Disney Company will post 5.47 earnings per share for the current year.

About Walt Disney

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.