TB Alternative Assets Ltd. Sells 39,951 Shares of The Walt Disney Company (NYSE:DIS)

TB Alternative Assets Ltd. decreased its stake in shares of The Walt Disney Company (NYSE:DIS - Free Report) by 38.9% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 62,728 shares of the entertainment giant's stock after selling 39,951 shares during the quarter. Walt Disney makes up 1.4% of TB Alternative Assets Ltd.'s portfolio, making the stock its 20th largest position. TB Alternative Assets Ltd.'s holdings in Walt Disney were worth $6,191,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors also recently bought and sold shares of DIS. Pathway Financial Advisors LLC lifted its holdings in Walt Disney by 2.7% during the fourth quarter. Pathway Financial Advisors LLC now owns 3,471 shares of the entertainment giant's stock worth $386,000 after acquiring an additional 92 shares in the last quarter. Prossimo Advisors LLC raised its position in shares of Walt Disney by 1.1% during the fourth quarter. Prossimo Advisors LLC now owns 8,732 shares of the entertainment giant's stock worth $972,000 after purchasing an additional 92 shares during the period. Onefund LLC lifted its holdings in shares of Walt Disney by 2.0% during the 4th quarter. Onefund LLC now owns 4,856 shares of the entertainment giant's stock valued at $541,000 after purchasing an additional 93 shares in the last quarter. Boston Financial Mangement LLC grew its position in shares of Walt Disney by 1.5% in the 4th quarter. Boston Financial Mangement LLC now owns 6,287 shares of the entertainment giant's stock valued at $700,000 after purchasing an additional 94 shares during the period. Finally, GPM Growth Investors Inc. increased its stake in Walt Disney by 4.3% during the 4th quarter. GPM Growth Investors Inc. now owns 2,342 shares of the entertainment giant's stock worth $261,000 after purchasing an additional 96 shares in the last quarter. Institutional investors own 65.71% of the company's stock.

Insider Transactions at Walt Disney

In other news, EVP Brent Woodford sold 1,000 shares of the business's stock in a transaction dated 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 now directly owns 46,831 shares of the company's stock, valued at $5,190,748.04. The trade was a 2.09% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 0.16% of the company's stock.

Walt Disney Price Performance

DIS traded up $0.68 on Wednesday, hitting $119.41. 8,377,293 shares of the stock were exchanged, compared to its average volume of 10,069,795. The firm has a market capitalization of $214.67 billion, a price-to-earnings ratio of 38.90, a PEG ratio of 1.80 and a beta of 1.54. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.68 and a quick ratio of 0.62. The Walt Disney Company has a 12 month low of $80.10 and a 12 month high of $120.50. The business has a 50-day moving average of $99.43 and a two-hundred day moving average of $105.72.

Walt Disney (NYSE:DIS - Get Free Report) last issued its quarterly earnings data on Wednesday, May 7th. The entertainment giant reported $1.45 earnings per share for the quarter, topping analysts' consensus estimates of $1.21 by $0.24. Walt Disney had a return on equity of 9.95% and a net margin of 6.07%. The business had revenue of $23.62 billion for the quarter, compared to analyst estimates of $23.15 billion. During the same quarter in the previous year, the company posted $1.21 EPS. Walt Disney's quarterly revenue was up 7.0% compared to the same quarter last year. Sell-side analysts forecast that The Walt Disney Company will post 5.47 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have recently weighed in on DIS shares. Morgan Stanley upped their price target on shares of Walt Disney from $110.00 to $120.00 and gave the company an "overweight" rating in a report on Thursday, May 8th. UBS Group increased their target price on Walt Disney from $105.00 to $120.00 and gave the stock a "buy" rating in a report on Thursday, May 8th. Wolfe Research upgraded Walt Disney from a "peer perform" rating to an "outperform" rating and set a $112.00 price target on the stock in a report on Monday, April 21st. Guggenheim reduced their price objective on Walt Disney from $130.00 to $120.00 and set a "buy" rating for the company in a research report on Thursday, May 8th. Finally, Loop Capital lifted their target price on Walt Disney from $125.00 to $130.00 and gave the company a "buy" rating in a research report on Tuesday. Six investment 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, Walt Disney presently has an average rating of "Moderate Buy" and an average target price of $123.96.

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.