Picton Mahoney Asset Management Sells 18,204 Shares of The Walt Disney Company (NYSE:DIS)

Key Points

• Picton Mahoney Asset Management has reduced its stake in The Walt Disney Company by 18.1%, selling 18,204 shares, and now holds 82,152 shares valued at approximately $8.1 million.
• Several analysts have raised their price targets for Disney shares, with Barclays setting a new target of $140 and most ratings leaning towards a "buy" position, reflecting investor confidence.
• Walt Disney recently reported strong earnings with $1.45 per share for the last quarter, exceeding analyst expectations and showing a year-over-year revenue increase of 7%.

Picton Mahoney Asset Management lowered its stake in shares of The Walt Disney Company (NYSE:DIS - Free Report) by 18.1% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 82,152 shares of the entertainment giant's stock after selling 18,204 shares during the quarter. Picton Mahoney Asset Management's holdings in Walt Disney were worth $8,108,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Mpwm Advisory Solutions LLC bought a new position in Walt Disney during the fourth quarter valued at about $27,000. MJT & Associates Financial Advisory Group Inc. bought a new position in Walt Disney during the first quarter worth about $26,000. Kessler Investment Group LLC boosted its position in Walt Disney by 274.0% during 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 during the period. Pilgrim Partners Asia Pte Ltd bought a new position in Walt Disney during the fourth quarter worth about $32,000. Finally, Copia Wealth Management bought a new position in Walt Disney during the fourth quarter worth about $36,000. Institutional investors own 65.71% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have weighed in on DIS shares. Barclays increased their target price on shares of Walt Disney from $120.00 to $140.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 9th. Rosenblatt Securities increased their target price on shares of Walt Disney from $135.00 to $140.00 and gave the stock a "buy" rating in a research report on Tuesday, June 3rd. UBS Group increased their target price on shares of Walt Disney from $120.00 to $138.00 and gave the stock a "buy" rating in a research report on Wednesday, July 16th. Morgan Stanley increased their target price on shares of Walt Disney from $110.00 to $120.00 and gave the stock an "overweight" rating in a research report on Thursday, May 8th. Finally, Loop Capital increased their target price on shares of Walt Disney from $125.00 to $130.00 and gave the stock a "buy" rating in a research report on Tuesday, June 10th. Five research analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $128.13.

Insider Activity at Walt Disney

In other Walt Disney news, EVP Brent Woodford sold 1,000 shares of Walt Disney stock in a transaction that occurred 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 transaction, the executive vice president directly owned 46,831 shares of the company's stock, valued at approximately $5,190,748.04. This trade represents a 2.09% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 0.16% of the company's stock.

Walt Disney Trading Down 0.9%

Shares of DIS opened at $120.36 on Tuesday. The firm's 50 day simple moving average is $118.13 and its 200 day simple moving average is $107.42. The company has a market capitalization of $216.38 billion, a P/E ratio of 24.61, a P/E/G ratio of 1.78 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 1-year low of $80.10 and a 1-year high of $124.69.

Walt Disney (NYSE:DIS - Get Free Report) last announced its 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 business had revenue of $23.62 billion for the quarter, compared to the consensus estimate of $23.15 billion. Walt Disney had a net margin of 9.47% and a return on equity of 9.99%. Walt Disney's quarterly revenue was up 7.0% on a year-over-year basis. During the same period last year, the firm posted $1.21 earnings per share. Sell-side analysts forecast that The Walt Disney Company will post 5.47 earnings per share for the current fiscal 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.

Want to see what other hedge funds are holding DIS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Walt Disney Company (NYSE:DIS - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.