Unisphere Establishment Sells 1,205,000 Shares of The Walt Disney Company (NYSE:DIS)

Unisphere Establishment lowered its holdings in The Walt Disney Company (NYSE:DIS - Free Report) by 51.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,145,000 shares of the entertainment giant's stock after selling 1,205,000 shares during the period. Walt Disney comprises 1.1% of Unisphere Establishment's holdings, making the stock its 25th biggest holding. Unisphere Establishment owned about 0.06% of Walt Disney worth $127,496,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in DIS. Morse Asset Management Inc raised its holdings in Walt Disney by 17.5% during the 3rd quarter. Morse Asset Management Inc now owns 21,366 shares of the entertainment giant's stock worth $2,055,000 after buying an additional 3,185 shares during the period. Te Ahumairangi Investment Management Ltd raised its holdings in shares of Walt Disney by 28.3% during the third quarter. Te Ahumairangi Investment Management Ltd now owns 37,123 shares of the entertainment giant's stock valued at $3,551,000 after acquiring an additional 8,180 shares during the period. Saratoga Research & Investment Management raised its holdings in shares of Walt Disney by 18.8% during the third quarter. Saratoga Research & Investment Management now owns 1,536,008 shares of the entertainment giant's stock valued at $147,749,000 after acquiring an additional 242,675 shares during the period. Eaton Financial Holdings Company LLC purchased a new stake in shares of Walt Disney in the 3rd quarter valued at approximately $660,000. Finally, Boyar Asset Management Inc. boosted its stake in Walt Disney by 1.7% in the 3rd quarter. Boyar Asset Management Inc. now owns 33,280 shares of the entertainment giant's stock worth $3,201,000 after purchasing an additional 551 shares during the period. 65.71% of the stock is owned by institutional investors and hedge funds.

Walt Disney Stock Performance

Shares of NYSE:DIS traded down $0.11 during trading on Thursday, reaching $90.84. The stock had a trading volume of 7,784,251 shares, compared to its average volume of 10,110,046. The company has a quick ratio of 0.62, a current ratio of 0.68 and a debt-to-equity ratio of 0.36. The stock has a fifty day simple moving average of $95.44 and a two-hundred day simple moving average of $104.02. The firm has a market capitalization of $164.22 billion, a price-to-earnings ratio of 29.59, a P/E/G ratio of 1.80 and a beta of 1.44. The Walt Disney Company has a 52 week low of $80.10 and a 52 week high of $118.63.

Walt Disney (NYSE:DIS - Get Free Report) last issued its quarterly earnings results on Wednesday, February 5th. The entertainment giant reported $1.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.44 by $0.32. Walt Disney had a return on equity of 9.95% and a net margin of 6.07%. As a group, analysts anticipate that The Walt Disney Company will post 5.47 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on DIS. Rosenblatt Securities restated a "buy" rating and issued a $135.00 target price on shares of Walt Disney in a report on Monday, February 10th. UBS Group reduced their price objective on Walt Disney from $130.00 to $105.00 and set a "buy" rating for the company in a research note on Tuesday, April 15th. Prescient Securities lowered their target price 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. Wolfe Research raised shares of Walt Disney from a "peer perform" rating to an "outperform" rating and set a $112.00 price target for the company in a research report on Monday, April 21st. Finally, Loop Capital raised their price target on shares of Walt Disney from $125.00 to $130.00 and gave the stock a "buy" rating in a report on Tuesday, March 4th. Six analysts have rated the stock with a hold rating, seventeen have given a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat, Walt Disney has a consensus rating of "Moderate Buy" and a consensus price target of $123.75.

About Walt Disney

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.