The Walt Disney Company (NYSE:DIS) Holdings Lessened by ValueAct Holdings L.P.

ValueAct Holdings L.P. trimmed its holdings in shares of The Walt Disney Company (NYSE:DIS - Free Report) by 12.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 6,566,031 shares of the entertainment giant's stock after selling 898,800 shares during the quarter. Walt Disney accounts for approximately 16.7% of ValueAct Holdings L.P.'s holdings, making the stock its 2nd biggest holding. ValueAct Holdings L.P. owned approximately 0.36% of Walt Disney worth $731,128,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Liberty One Investment Management LLC raised its position in Walt Disney by 11.7% in the 4th quarter. Liberty One Investment Management LLC now owns 2,548 shares of the entertainment giant's stock worth $284,000 after purchasing an additional 266 shares during the period. Kaydan Wealth Management Inc. purchased a new position in shares of Walt Disney during the fourth quarter worth approximately $201,000. Client 1ST Advisory Group LLC purchased a new position in shares of Walt Disney during the fourth quarter worth approximately $313,000. LVW Advisors LLC increased its position in shares of Walt Disney by 14.7% during the fourth quarter. LVW Advisors LLC now owns 5,470 shares of the entertainment giant's stock worth $609,000 after acquiring an additional 700 shares during the period. Finally, Diversify Wealth Management LLC increased its position in shares of Walt Disney by 60.5% during the fourth quarter. Diversify Wealth Management LLC now owns 38,367 shares of the entertainment giant's stock worth $4,169,000 after acquiring an additional 14,461 shares during the period. 65.71% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

DIS has been the topic of a number of research reports. Needham & Company LLC reaffirmed a "buy" rating and set a $125.00 target price on shares of Walt Disney in a research report on Thursday, May 8th. Morgan Stanley raised 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. Citigroup reaffirmed a "buy" rating and set a $125.00 target price on shares of Walt Disney in a research report on Wednesday, January 22nd. Rosenblatt Securities reiterated a "buy" rating and set a $135.00 price objective on shares of Walt Disney in a research note on Monday, February 10th. Finally, Loop Capital increased their price objective on shares of Walt Disney from $120.00 to $125.00 and gave the company a "buy" rating in a research note on Thursday, May 8th. Six equities research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $123.54.

Insiders Place Their Bets

In other Walt Disney news, EVP Brent Woodford sold 1,000 shares of the firm's stock in a transaction on Tuesday, May 13th. The shares were sold at an average price of $110.84, for a total value of $110,840.00. Following the completion of the transaction, the executive vice president now owns 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 filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.16% of the company's stock.

Walt Disney Trading Down 0.7%

NYSE DIS opened at $112.59 on Tuesday. The company has a fifty day simple moving average of $94.90 and a two-hundred day simple moving average of $104.90. The stock has a market cap of $202.41 billion, a P/E ratio of 36.67, a P/E/G ratio of 1.80 and a beta of 1.49. The Walt Disney Company has a 12-month low of $80.10 and a 12-month 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 posted 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 business had revenue of $23.62 billion during the quarter, compared to analysts' expectations of $23.15 billion. Walt Disney had a net margin of 6.07% and a return on equity of 9.95%. The business's quarterly revenue was up 7.0% on a year-over-year basis. During the same quarter last year, the company posted $1.21 earnings per share. On average, 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.

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