Tang Capital Management LLC Raises Holdings in The Walt Disney Company (NYSE:DIS)

Tang Capital Management LLC increased its position in The Walt Disney Company (NYSE:DIS - Free Report) by 48.2% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 13,095 shares of the entertainment giant's stock after acquiring an additional 4,261 shares during the quarter. Tang Capital Management LLC's holdings in Walt Disney were worth $1,458,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the company. Ritholtz Wealth Management grew its holdings in shares of Walt Disney by 5.5% during the fourth quarter. Ritholtz Wealth Management now owns 23,077 shares of the entertainment giant's stock worth $2,570,000 after purchasing an additional 1,195 shares in the last quarter. JGP Wealth Management LLC purchased a new position in shares of Walt Disney during the fourth quarter worth about $209,000. RDA Financial Network grew its holdings in shares of Walt Disney by 11.2% during the fourth quarter. RDA Financial Network now owns 2,645 shares of the entertainment giant's stock worth $295,000 after purchasing an additional 266 shares in the last quarter. First National Bank of Mount Dora Trust Investment Services purchased a new position in shares of Walt Disney during the fourth quarter worth about $227,000. Finally, Walker Asset Management LLC purchased a new stake in Walt Disney in the fourth quarter worth approximately $203,000. Hedge funds and other institutional investors own 65.71% of the company's stock.

Insider Activity at Walt Disney

In other Walt Disney news, EVP Brent Woodford sold 1,000 shares of the company's stock in a transaction on Tuesday, May 13th. The stock was sold at an average price of $110.84, for a total value of $110,840.00. Following the completion of the sale, the executive vice president now directly owns 46,831 shares in the company, valued at approximately $5,190,748.04. This represents a 2.09% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.16% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several analysts have issued reports on DIS shares. Guggenheim cut their target price on Walt Disney from $130.00 to $120.00 and set a "buy" rating for the company in a research note on Thursday, May 8th. Wolfe Research upgraded Walt Disney from a "peer perform" rating to an "outperform" rating and set a $112.00 price objective for the company in a research report on Monday, April 21st. Prescient Securities lowered their price objective on Walt Disney from $130.00 to $115.00 and set a "neutral" rating for the company in a research report on Tuesday, February 4th. Citigroup reiterated a "buy" rating and issued a $125.00 price objective on shares of Walt Disney in a research report on Wednesday, January 22nd. Finally, Morgan Stanley boosted their price objective on Walt Disney from $110.00 to $120.00 and gave the company an "overweight" rating in a research report on Thursday, May 8th. Six research analysts have rated the stock with a hold rating, seventeen have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $123.54.

Walt Disney Price Performance

DIS traded down $0.36 on Tuesday, hitting $112.30. 6,429,428 shares of the company's stock traded hands, compared to its average volume of 10,023,839. The company's 50 day simple moving average is $94.90 and its 200-day simple moving average is $104.90. The firm has a market cap of $201.89 billion, a price-to-earnings ratio of 36.58, a P/E/G ratio of 1.80 and a beta of 1.49. The Walt Disney Company has a one year low of $80.10 and a one year high of $118.63. The company has a current ratio of 0.68, a quick ratio of 0.62 and a debt-to-equity ratio of 0.36.

Walt Disney (NYSE:DIS - Get Free Report) last released its quarterly earnings data 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 business 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 9.95% and a net margin of 6.07%. The company's revenue was up 7.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.21 EPS. As a group, research analysts anticipate that The Walt Disney Company will post 5.47 EPS 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.