The Walt Disney Company (NYSE:DIS) Shares Sold by Skylands Capital LLC

Skylands Capital LLC cut its stake in The Walt Disney Company (NYSE:DIS - Free Report) by 17.1% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,375 shares of the entertainment giant's stock after selling 2,550 shares during the period. Skylands Capital LLC's holdings in Walt Disney were worth $1,221,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Mpwm Advisory Solutions LLC acquired a new stake in shares of Walt Disney in the fourth quarter valued at approximately $27,000. Kessler Investment Group LLC increased its position in Walt Disney by 274.0% in the 1st quarter. Kessler Investment Group LLC now owns 273 shares of the entertainment giant's stock valued at $27,000 after acquiring an additional 200 shares during the period. Tacita Capital Inc increased its position in Walt Disney by 93.2% in the 4th quarter. Tacita Capital Inc now owns 257 shares of the entertainment giant's stock valued at $29,000 after acquiring an additional 124 shares during the period. Pilgrim Partners Asia Pte Ltd acquired a new stake in Walt Disney in the 4th quarter valued at approximately $32,000. Finally, Copia Wealth Management acquired a new stake in Walt Disney in the 4th quarter valued at approximately $36,000. Institutional investors and hedge funds own 65.71% of the company's stock.

Insiders Place Their Bets

In other Walt Disney news, EVP Brent Woodford sold 1,000 shares of Walt Disney stock in a transaction dated Tuesday, May 13th. The stock was sold at an average price of $110.84, for a total transaction of $110,840.00. Following the transaction, the executive vice president now owns 46,831 shares of the company's stock, valued at $5,190,748.04. The trade was a 2.09% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Corporate insiders own 0.16% of the company's stock.

Analyst Upgrades and Downgrades

DIS has been the topic of a number of research analyst reports. Guggenheim raised their price target on Walt Disney from $120.00 to $140.00 and gave the company a "buy" rating in a report on Friday. Barclays raised their target price on shares of Walt Disney from $115.00 to $120.00 and gave the company an "overweight" rating in a research note on Thursday, May 8th. Loop Capital raised their target price 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. Wolfe Research raised shares of Walt Disney from a "peer perform" rating to an "outperform" rating and set a $112.00 target price on the stock in a research note on Monday, April 21st. Finally, Morgan Stanley raised their price objective on shares of Walt Disney from $110.00 to $120.00 and gave the company an "overweight" rating in a research note on Thursday, May 8th. Six investment analysts have rated the stock with a hold rating, seventeen have given a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat, Walt Disney presently has an average rating of "Moderate Buy" and an average target price of $124.79.

Walt Disney Stock Performance

Walt Disney stock opened at $122.39 on Friday. The firm's 50 day simple moving average is $108.25 and its 200-day simple moving average is $105.96. The company has a market cap of $220.02 billion, a P/E ratio of 25.03, a price-to-earnings-growth ratio of 1.79 and a beta of 1.54. 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 Walt Disney Company has a fifty-two week low of $80.10 and a fifty-two week high of $122.94.

Walt Disney (NYSE:DIS - Get Free Report) last released its earnings results on Wednesday, May 7th. The entertainment giant reported $1.45 earnings per share for the quarter, topping 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 period last year, the firm posted $1.21 earnings per share. The firm's quarterly revenue was up 7.0% compared to the same quarter last year. As a group, equities research analysts predict that The Walt Disney Company will post 5.47 EPS for the current year.

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.

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