The Walt Disney Company (NYSE:DIS) Shares Sold by OVERSEA CHINESE BANKING Corp Ltd

Key Points

• OVERSEA CHINESE BANKING Corp Ltd has reduced its stake in The Walt Disney Company by 4.1%, holding 210,193 shares worth approximately $20.72 million after selling 8,962 shares.
• The Walt Disney Company's stock opened at $116.57 and has a market cap of $209.56 billion, with a 52-week low of $80.10 and a high of $124.69.
• Walt Disney reported a quarterly earnings per share (EPS) of $1.45, surpassing analysts' expectations, with revenues of $23.62 billion, which is a 7.0% increase compared to the previous year.

OVERSEA CHINESE BANKING Corp Ltd lowered its stake in The Walt Disney Company (NYSE:DIS - Free Report) by 4.1% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 210,193 shares of the entertainment giant's stock after selling 8,962 shares during the period. OVERSEA CHINESE BANKING Corp Ltd's holdings in Walt Disney were worth $20,723,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of DIS. Brighton Jones LLC increased its holdings in shares of Walt Disney by 7.7% in the fourth quarter. Brighton Jones LLC now owns 26,767 shares of the entertainment giant's stock valued at $2,980,000 after purchasing an additional 1,904 shares during the period. Headlands Technologies LLC acquired a new position in shares of Walt Disney in the fourth quarter valued at approximately $124,000. DF Dent & Co. Inc. increased its holdings in shares of Walt Disney by 64.3% in the fourth quarter. DF Dent & Co. Inc. now owns 12,685 shares of the entertainment giant's stock valued at $1,412,000 after purchasing an additional 4,966 shares during the period. Atlas Capital Advisors Inc. increased its holdings in shares of Walt Disney by 18,254.0% in the fourth quarter. Atlas Capital Advisors Inc. now owns 11,563 shares of the entertainment giant's stock valued at $1,288,000 after purchasing an additional 11,500 shares during the period. Finally, Annis Gardner Whiting Capital Advisors LLC increased its holdings in shares of Walt Disney by 5.7% in the fourth quarter. Annis Gardner Whiting Capital Advisors LLC now owns 5,516 shares of the entertainment giant's stock valued at $617,000 after purchasing an additional 298 shares during the period. Institutional investors and hedge funds own 65.71% of the company's stock.

Walt Disney Stock Down 2.1%

DIS opened at $116.57 on Friday. The company has a quick ratio of 0.61, a current ratio of 0.67 and a debt-to-equity ratio of 0.34. The firm has a market cap of $209.56 billion, a P/E ratio of 23.84, a PEG ratio of 1.74 and a beta of 1.56. The Walt Disney Company has a 52 week low of $80.10 and a 52 week high of $124.69. The business's fifty day simple moving average is $118.76 and its 200 day simple moving average is $107.72.

Walt Disney (NYSE:DIS - Get Free Report) last posted its quarterly earnings data on Wednesday, May 7th. The entertainment giant reported $1.45 EPS for the quarter, beating analysts' consensus estimates of $1.21 by $0.24. The business had revenue of $23.62 billion for the quarter, compared to analyst estimates of $23.15 billion. Walt Disney had a return on equity of 9.99% and a net margin of 9.47%. The business's revenue for the quarter was up 7.0% compared to the same quarter last year. During the same quarter last year, the company earned $1.21 earnings per share. As a group, equities research analysts anticipate that The Walt Disney Company will post 5.47 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts recently weighed in on DIS shares. Wolfe Research raised Walt Disney from a "peer perform" rating to an "outperform" rating and set a $112.00 price objective on the stock in a report on Monday, April 21st. Loop Capital upped their price objective on Walt Disney from $125.00 to $130.00 and gave the stock a "buy" rating in a report on Tuesday, June 10th. JPMorgan Chase & Co. upped their price objective on Walt Disney from $130.00 to $138.00 and gave the stock an "overweight" rating in a report on Tuesday. Guggenheim upped their price objective on Walt Disney from $120.00 to $140.00 and gave the stock a "buy" rating in a report on Friday, June 27th. Finally, Barclays upped their price objective on Walt Disney from $120.00 to $140.00 and gave the stock an "overweight" rating in a report on Wednesday, July 9th. Five investment analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, Walt Disney currently has a consensus rating of "Moderate Buy" and a consensus target price of $128.70.

Insider Activity at Walt Disney

In related news, EVP Brent Woodford sold 1,000 shares of the stock in a transaction 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 sale, the executive vice president owned 46,831 shares of the company's stock, valued at $5,190,748.04. This trade represents a 2.09% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.16% of the stock is currently owned by 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.

Want to see what other hedge funds are holding DIS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Walt Disney Company (NYSE:DIS - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.