SP Asset Management LLC Lowers Stake in The Walt Disney Company (NYSE:DIS)

SP Asset Management LLC lowered its stake in shares of The Walt Disney Company (NYSE:DIS) by 31.3% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 2,485 shares of the entertainment giant’s stock after selling 1,131 shares during the period. SP Asset Management LLC’s holdings in Walt Disney were worth $277,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. FPC Investment Advisory Inc. purchased a new position in shares of Walt Disney during the 4th quarter worth approximately $28,000. Tacita Capital Inc boosted 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 buying an additional 124 shares during the period. Midwest Capital Advisors LLC purchased a new position in Walt Disney in the 4th quarter valued at approximately $34,000. Bay Harbor Wealth Management LLC purchased a new position in Walt Disney in the 4th quarter valued at approximately $35,000. Finally, Vision Financial Markets LLC purchased a new position in Walt Disney in the 4th quarter valued at approximately $39,000. Hedge funds and other institutional investors own 65.71% of the company’s stock.

Insider Activity

In related news, EVP Brent Woodford sold 8,000 shares of the company’s stock in a transaction that occurred on Wednesday, December 11th. The shares were sold at an average price of $114.74, for a total transaction of $917,920.00. Following the completion of the transaction, the executive vice president now owns 44,055 shares of the company’s stock, valued at approximately $5,054,870.70. This represents a 15.37 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.16% of the company’s stock.

Walt Disney Stock Up 0.3 %

Shares of NYSE DIS opened at $109.29 on Thursday. The firm’s 50-day moving average is $110.56 and its two-hundred day moving average is $103.94. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.68 and a quick ratio of 0.62. The company has a market capitalization of $197.58 billion, a PE ratio of 35.60, a price-to-earnings-growth ratio of 1.80 and a beta of 1.41. The Walt Disney Company has a 12-month low of $83.91 and a 12-month high of $123.74.

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

Analyst Ratings Changes

DIS has been the subject of several recent research reports. TD Cowen raised their price target on shares of Walt Disney from $108.00 to $123.00 and gave the company a “hold” rating in a research report on Friday, November 15th. Morgan Stanley lifted their price objective on shares of Walt Disney from $125.00 to $130.00 and gave the stock an “overweight” rating in a research report on Thursday, February 6th. Wells Fargo & Company lifted their price objective on shares of Walt Disney from $116.00 to $138.00 and gave the stock an “overweight” rating in a research report on Friday, November 15th. Needham & Company LLC reaffirmed a “buy” rating and set a $130.00 price objective on shares of Walt Disney in a research report on Wednesday, February 5th. Finally, Citigroup reaffirmed a “buy” rating and set a $125.00 price objective on shares of Walt Disney in a research report on Wednesday, January 22nd. Six investment analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $125.64.

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.