The Walt Disney Company (NYSE:DIS) Shares Sold by Stevens Capital Management LP

Key Points

• Stevens Capital Management LP has sold 4,633 shares of The Walt Disney Company, reducing its stake by 44.2%, leaving them with 5,850 shares valued at approximately $577,000.
• Several institutional investors have recently adjusted their positions in Disney, with notable increases and new stakes from various firms, leading to a total of 65.71% institutional ownership of the company's stock.
• Analysts have set new price targets for Disney, with Morgan Stanley and UBS Group raising their targets to $120.00 and $138.00 respectively, alongside a consensus rating of "Moderate Buy" and a price target of $128.13.

Stevens Capital Management LP trimmed its position in The Walt Disney Company (NYSE:DIS - Free Report) by 44.2% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,850 shares of the entertainment giant's stock after selling 4,633 shares during the period. Stevens Capital Management LP's holdings in Walt Disney were worth $577,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of the stock. Mpwm Advisory Solutions LLC purchased a new position in Walt Disney in the fourth quarter worth about $27,000. Kessler Investment Group LLC lifted its holdings in Walt Disney by 274.0% during the first quarter. Kessler Investment Group LLC now owns 273 shares of the entertainment giant's stock valued at $27,000 after purchasing an additional 200 shares in the last quarter. Pilgrim Partners Asia Pte Ltd purchased a new position in Walt Disney during the fourth quarter valued at approximately $32,000. Copia Wealth Management purchased a new position in Walt Disney during the fourth quarter valued at approximately $36,000. Finally, Vermillion Wealth Management Inc. purchased a new position in Walt Disney during the fourth quarter valued at approximately $39,000. 65.71% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, EVP Brent Woodford sold 1,000 shares of Walt Disney stock in a transaction that occurred on Tuesday, May 13th. The stock was sold at an average price of $110.84, for a total transaction of $110,840.00. Following the transaction, the executive vice president owned 46,831 shares in the company, valued at approximately $5,190,748.04. This trade represents a 2.09% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 0.16% of the company's stock.

Analyst Ratings Changes

DIS has been the topic of several recent analyst reports. Morgan Stanley lifted their target price on Walt Disney from $110.00 to $120.00 and gave the company an "overweight" rating in a research note on Thursday, May 8th. Jefferies Financial Group raised Walt Disney from a "hold" rating to a "buy" rating and upped their price objective for the company from $100.00 to $144.00 in a research report on Monday, June 30th. Guggenheim upped their target price on Walt Disney from $120.00 to $140.00 and gave the stock a "buy" rating in a report on Friday, June 27th. Barclays upped their target price on Walt Disney from $120.00 to $140.00 and gave the stock an "overweight" rating in a report on Wednesday, July 9th. Finally, Rosenblatt Securities upped their target price on Walt Disney from $135.00 to $140.00 and gave the stock a "buy" rating in a report on Tuesday, June 3rd. Five 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 currently has a consensus rating of "Moderate Buy" and an average target price of $128.13.

Walt Disney Stock Performance

Shares of DIS stock traded down $0.80 during mid-day trading on Monday, reaching $120.67. The stock had a trading volume of 2,734,998 shares, compared to its average volume of 9,797,437. The firm has a market cap of $216.93 billion, a price-to-earnings ratio of 24.67, a PEG ratio of 1.78 and a beta of 1.56. The Walt Disney Company has a 1-year low of $80.10 and a 1-year high of $124.69. The business's fifty day moving average is $117.97 and its 200-day moving average is $107.34. 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 results on Wednesday, May 7th. The entertainment giant reported $1.45 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.21 by $0.24. The company had revenue of $23.62 billion for the quarter, compared to the consensus estimate of $23.15 billion. Walt Disney had a return on equity of 9.99% and a net margin of 9.47%. Walt Disney's revenue for the quarter was up 7.0% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.21 earnings per share. On average, research analysts forecast 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.