Peak Asset Management LLC Reduces Position in The Walt Disney Company (NYSE:DIS)

Key Points

• Peak Asset Management LLC has reduced its stake in The Walt Disney Company by 8.0%, holding 94,002 shares valued at approximately $9.28 million, which represents about 1.8% of its investment portfolio.
• The latest earnings report revealed that Walt Disney's revenue increased by 7.0% year-over-year, with earnings per share of $1.45, surpassing analysts' expectations.
• Institutional investors own 65.71% of Walt Disney's stock, reflecting strong institutional confidence in the company's performance.

Peak Asset Management LLC decreased its position in The Walt Disney Company (NYSE:DIS - Free Report) by 8.0% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 94,002 shares of the entertainment giant's stock after selling 8,193 shares during the period. Walt Disney makes up about 1.8% of Peak Asset Management LLC's portfolio, making the stock its 22nd biggest holding. Peak Asset Management LLC's holdings in Walt Disney were worth $9,278,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Brighton Jones LLC increased its position in shares of Walt Disney by 7.7% during the fourth quarter. Brighton Jones LLC now owns 26,767 shares of the entertainment giant's stock worth $2,980,000 after acquiring an additional 1,904 shares during the period. New Age Alpha Advisors LLC boosted its stake in shares of Walt Disney by 30,487.1% during the fourth quarter. New Age Alpha Advisors LLC now owns 25,999 shares of the entertainment giant's stock worth $2,895,000 after buying an additional 25,914 shares during the period. Pictet Asset Management Holding SA raised its holdings in Walt Disney by 2.7% during the fourth quarter. Pictet Asset Management Holding SA now owns 1,626,483 shares of the entertainment giant's stock worth $181,109,000 after purchasing an additional 42,554 shares in the last quarter. Horizon Investment Services LLC purchased a new position in Walt Disney during the fourth quarter worth about $1,267,000. Finally, RiverFront Investment Group LLC increased its holdings in Walt Disney by 17.1% in the fourth quarter. RiverFront Investment Group LLC now owns 6,851 shares of the entertainment giant's stock valued at $763,000 after buying an additional 1,002 shares in the last quarter. Hedge funds and other institutional investors own 65.71% of the company's stock.

Walt Disney Stock Performance

Shares of DIS stock traded up $0.09 on Wednesday, hitting $120.00. The company's stock had a trading volume of 2,060,386 shares, compared to its average volume of 9,741,868. The company has a market capitalization of $215.72 billion, a PE ratio of 24.55, a PEG ratio of 1.76 and a beta of 1.56. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.61 and a current ratio of 0.67. The Walt Disney Company has a fifty-two week low of $80.10 and a fifty-two week high of $124.69. The stock's 50 day moving average is $118.28 and its 200-day moving average is $107.51.

Walt Disney (NYSE:DIS - Get Free Report) last released its quarterly earnings results 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 firm had revenue of $23.62 billion during 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%. The company's revenue was up 7.0% compared to the same quarter last year. During the same quarter last year, the business earned $1.21 EPS. Equities research analysts expect that The Walt Disney Company will post 5.47 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on DIS shares. Guggenheim raised their price objective on shares of Walt Disney from $120.00 to $140.00 and gave the stock a "buy" rating in a research note on Friday, June 27th. Needham & Company LLC reissued a "buy" rating and issued a $125.00 target price on shares of Walt Disney in a research report on Thursday, May 8th. UBS Group lifted their price target on shares of Walt Disney from $120.00 to $138.00 and gave the company a "buy" rating in a report on Wednesday, July 16th. Jefferies Financial Group raised shares of Walt Disney from a "hold" rating to a "buy" rating and boosted their target price for the company from $100.00 to $144.00 in a research note on Monday, June 30th. Finally, Morgan Stanley boosted their target price on shares of Walt Disney from $110.00 to $120.00 and gave the stock an "overweight" rating in a report on Thursday, May 8th. Five investment analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $128.70.

Insider Buying and Selling

In other Walt Disney news, EVP Brent Woodford sold 1,000 shares of the business'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 owned 46,831 shares in the company, valued at approximately $5,190,748.04. The trade was a 2.09% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 0.16% of the company's stock.

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.