The Walt Disney Company (NYSE:DIS) Shares Sold by Shell Asset Management Co.

Shell Asset Management Co. cut its holdings in The Walt Disney Company (NYSE:DIS - Free Report) by 16.1% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 24,251 shares of the entertainment giant's stock after selling 4,668 shares during the period. Shell Asset Management Co.'s holdings in Walt Disney were worth $2,700,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in DIS. Ritholtz Wealth Management lifted its stake in Walt Disney by 5.5% during the fourth quarter. Ritholtz Wealth Management now owns 23,077 shares of the entertainment giant's stock worth $2,570,000 after purchasing an additional 1,195 shares in the last quarter. JGP Wealth Management LLC acquired a new position in Walt Disney during the fourth quarter worth $209,000. Cypress Wealth Services LLC lifted its stake in Walt Disney by 9.6% during the fourth quarter. Cypress Wealth Services LLC now owns 7,279 shares of the entertainment giant's stock worth $810,000 after purchasing an additional 638 shares in the last quarter. Cohen Investment Advisors LLC lifted its stake in Walt Disney by 2.2% during the fourth quarter. Cohen Investment Advisors LLC now owns 20,544 shares of the entertainment giant's stock worth $2,288,000 after purchasing an additional 452 shares in the last quarter. Finally, Morton Capital Management LLC CA lifted its stake in Walt Disney by 2.2% during the fourth quarter. Morton Capital Management LLC CA now owns 5,813 shares of the entertainment giant's stock worth $647,000 after purchasing an additional 125 shares in the last quarter. 65.71% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms have commented on DIS. Barclays upped their price target on Walt Disney from $115.00 to $120.00 and gave the stock an "overweight" rating in a research note on Thursday, May 8th. Prescient Securities decreased their price target on Walt Disney from $130.00 to $115.00 and set a "neutral" rating on the stock in a research note on Tuesday, February 4th. UBS Group increased their price objective on Walt Disney from $105.00 to $120.00 and gave the company a "buy" rating in a research note on Thursday, May 8th. The Goldman Sachs Group increased their price objective on Walt Disney from $137.00 to $139.00 and gave the company a "buy" rating in a research note on Tuesday, February 4th. Finally, Citigroup reiterated a "buy" rating and issued a $125.00 price objective on shares of Walt Disney in a research note on Wednesday, January 22nd. Six investment analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target 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 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 approximately $5,190,748.04. This trade represents a 2.09% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.16% of the company's stock.

Walt Disney Stock Performance

NYSE:DIS opened at $113.26 on Friday. The business's fifty day moving average price is $94.62 and its 200 day moving average price is $104.66. The firm has a market capitalization of $203.62 billion, a PE ratio of 36.89, a price-to-earnings-growth 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 debt-to-equity ratio of 0.36, a current ratio of 0.68 and a quick ratio of 0.62.

Walt Disney (NYSE:DIS - Get Free Report) last issued its quarterly earnings data on Wednesday, May 7th. The entertainment giant reported $1.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.21 by $0.24. The company 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 9.95% and a net margin of 6.07%. The business's quarterly revenue was up 7.0% compared to the same quarter last year. During the same quarter last year, the company posted $1.21 earnings per share. On average, sell-side analysts anticipate that The Walt Disney Company will post 5.47 earnings per share for the current fiscal 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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