The Walt Disney Company (NYSE:DIS) Stake Lessened by Twinbeech Capital LP

Twinbeech Capital LP decreased its position in shares of The Walt Disney Company (NYSE:DIS - Free Report) by 99.0% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 3,886 shares of the entertainment giant's stock after selling 378,080 shares during the quarter. Twinbeech Capital LP's holdings in Walt Disney were worth $433,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. FPC Investment Advisory Inc. acquired a new position in shares of Walt Disney during the 4th quarter worth approximately $28,000. Tacita Capital Inc grew its stake in Walt Disney by 93.2% in the 4th quarter. Tacita Capital Inc now owns 257 shares of the entertainment giant's stock worth $29,000 after acquiring an additional 124 shares during the period. Pilgrim Partners Asia Pte Ltd purchased a new stake in Walt Disney in the 4th quarter worth approximately $32,000. Midwest Capital Advisors LLC purchased a new stake in Walt Disney in the 4th quarter worth approximately $34,000. Finally, Bay Harbor Wealth Management LLC purchased a new stake in Walt Disney in the 4th quarter worth approximately $35,000. Hedge funds and other institutional investors own 65.71% of the company's stock.

Insider Buying and Selling

In other Walt Disney news, EVP Brent Woodford sold 1,000 shares of the company's stock in a transaction dated 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 in the company, valued at approximately $5,190,748.04. This represents a 2.09% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.16% of the stock is owned by company insiders.

Walt Disney Stock Performance

DIS traded up $2.39 on Tuesday, hitting $112.11. 2,376,121 shares of the company's stock were exchanged, compared to its average volume of 10,013,379. The firm has a market cap of $201.55 billion, a PE ratio of 36.51, a P/E/G ratio of 1.80 and a beta of 1.49. The Walt Disney Company has a twelve month low of $80.10 and a twelve month high of $118.63. The stock has a fifty day moving average of $96.07 and a two-hundred day moving average of $105.37. 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 released its quarterly earnings data 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. The firm had revenue of $23.62 billion for the quarter, compared to analyst estimates of $23.15 billion. Walt Disney had a net margin of 6.07% and a return on equity of 9.95%. Walt Disney's quarterly revenue was up 7.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.21 earnings per share. On average, research analysts anticipate that The Walt Disney Company will post 5.47 earnings per share for the current fiscal year.

Analyst Ratings Changes

DIS has been the subject of several recent analyst reports. Prescient Securities lowered their target price on shares of Walt Disney from $130.00 to $115.00 and set a "neutral" rating for the company in a research note on Tuesday, February 4th. Rosenblatt Securities reissued a "buy" rating and set a $135.00 price objective on shares of Walt Disney in a research note on Monday, February 10th. Loop Capital boosted 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. UBS Group boosted 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, Guggenheim decreased their price target on shares of Walt Disney from $130.00 to $120.00 and set a "buy" rating for the company in a research report on Thursday, May 8th. Six equities research 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 MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $123.54.

Walt Disney 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.