Aurdan Capital Management LLC Sells 14,382 Shares of The Walt Disney Company (NYSE:DIS)

Aurdan Capital Management LLC trimmed its holdings in The Walt Disney Company (NYSE:DIS - Free Report) by 38.0% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 23,492 shares of the entertainment giant's stock after selling 14,382 shares during the quarter. Aurdan Capital Management LLC's holdings in Walt Disney were worth $2,319,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of DIS. Norges Bank bought a new position in shares of Walt Disney in the 4th quarter worth about $2,415,427,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main increased its stake in shares of Walt Disney by 1,900.0% in the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 5,735,961 shares of the entertainment giant's stock worth $638,699,000 after acquiring an additional 5,449,158 shares in the last quarter. Arrowstreet Capital Limited Partnership increased its stake in shares of Walt Disney by 75.8% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 10,858,108 shares of the entertainment giant's stock worth $1,209,050,000 after acquiring an additional 4,680,930 shares in the last quarter. Boston Partners bought a new position in shares of Walt Disney in the 4th quarter worth about $350,707,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of Walt Disney by 21.8% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 16,867,017 shares of the entertainment giant's stock worth $1,878,142,000 after acquiring an additional 3,016,339 shares in the last quarter. 65.71% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the stock. Needham & Company LLC restated a "buy" rating and set a $125.00 price objective on shares of Walt Disney in a research note on Thursday, May 8th. Guggenheim raised their price objective on shares of Walt Disney from $120.00 to $140.00 and gave the company a "buy" rating in a research note on Friday, June 27th. Jefferies Financial Group upgraded shares of Walt Disney from a "hold" rating to a "buy" rating and raised their price objective for the company from $100.00 to $144.00 in a research note on Monday, June 30th. UBS Group raised their price objective on shares of Walt Disney from $105.00 to $120.00 and gave the company a "buy" rating in a research note on Thursday, May 8th. Finally, Loop Capital raised their price objective on shares of Walt Disney from $125.00 to $130.00 and gave the company a "buy" rating in a research note on Tuesday, June 10th. Five research analysts have rated the stock with a hold rating, eighteen have given a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $127.35.

Walt Disney Stock Performance

Shares of DIS traded down $1.74 on Friday, reaching $119.82. The company's stock had a trading volume of 6,107,624 shares, compared to its average volume of 10,021,690. 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 stock has a market capitalization of $215.41 billion, a P/E ratio of 24.50, a PEG ratio of 1.75 and a beta of 1.56. The stock's 50 day simple moving average is $114.90 and its two-hundred day simple moving average is $106.62. The Walt Disney Company has a 12-month low of $80.10 and a 12-month high of $124.69.

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 for the quarter, beating the consensus estimate of $1.21 by $0.24. Walt Disney had a net margin of 9.47% and a return on equity of 9.99%. The business had revenue of $23.62 billion for the quarter, compared to the consensus estimate of $23.15 billion. During the same quarter in the previous year, the firm earned $1.21 earnings per share. The company's revenue for the quarter was up 7.0% on a year-over-year basis. Research analysts forecast that The Walt Disney Company will post 5.47 earnings per share for the current fiscal year.

Insiders Place Their Bets

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 owned 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.16% of the stock is owned by corporate insiders.

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.