The Walt Disney Company (NYSE:DIS) Shares Sold by Tremblant Capital Group

Tremblant Capital Group decreased its position in The Walt Disney Company (NYSE:DIS) by 21.4% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 267,018 shares of the entertainment giant’s stock after selling 72,856 shares during the quarter. Walt Disney comprises about 3.1% of Tremblant Capital Group’s holdings, making the stock its 12th largest position. Tremblant Capital Group’s holdings in Walt Disney were worth $29,732,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in DIS. FPC Investment Advisory Inc. acquired a new position in shares of Walt Disney during the 4th quarter valued at about $28,000. Tacita Capital Inc increased its stake in shares of Walt Disney by 93.2% during 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 last quarter. Pilgrim Partners Asia Pte Ltd acquired a new position in shares of Walt Disney during the 4th quarter valued at about $32,000. Midwest Capital Advisors LLC purchased a new stake in shares of Walt Disney during the 4th quarter worth about $34,000. Finally, Bay Harbor Wealth Management LLC acquired a new stake in Walt Disney during the 4th quarter worth approximately $35,000. Institutional investors and hedge funds own 65.71% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the stock. Prescient Securities dropped 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 report on Tuesday, February 4th. Loop Capital increased their target price on shares of Walt Disney from $120.00 to $125.00 and gave the stock a “buy” rating in a research report on Thursday, May 8th. Rosenblatt Securities reissued a “buy” rating and set a $135.00 target price on shares of Walt Disney in a research report on Monday, February 10th. Guggenheim dropped their target price 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. Finally, Morgan Stanley increased their target price on shares of Walt Disney from $110.00 to $120.00 and gave the stock an “overweight” rating in a research report on Thursday, May 8th. Six investment analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, Walt Disney presently has an average rating of “Moderate Buy” and a consensus target price of $123.54.

Insider Buying and Selling

In other Walt Disney news, EVP Brent Woodford sold 1,000 shares of the business’s stock in a transaction on Tuesday, May 13th. The shares were sold at an average price of $110.84, for a total transaction of $110,840.00. Following the completion of the sale, the executive vice president now owns 46,831 shares in the company, valued at $5,190,748.04. The trade was a 2.09% decrease in their ownership of the stock. 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 currently owned by company insiders.

Walt Disney Stock Performance

Walt Disney stock opened at $113.26 on Monday. The stock has a market cap of $203.62 billion, a P/E ratio of 36.89, a price-to-earnings-growth ratio of 1.80 and a beta of 1.49. The company has a current ratio of 0.68, a quick ratio of 0.62 and a debt-to-equity ratio of 0.36. The stock has a 50 day moving average of $94.62 and a 200-day moving average of $104.79. The Walt Disney Company has a 52 week low of $80.10 and a 52 week high of $118.63.

Walt Disney (NYSE:DIS) last released its earnings results on Wednesday, May 7th. The entertainment giant reported $1.45 EPS for the quarter, beating the consensus estimate of $1.21 by $0.24. The company had revenue of $23.62 billion during the quarter, compared to analysts’ expectations of $23.15 billion. Walt Disney had a return on equity of 9.95% and a net margin of 6.07%. The business’s revenue was up 7.0% on a year-over-year basis. During the same period in the prior year, the business posted $1.21 EPS. On average, analysts expect that The Walt Disney Company will post 5.47 EPS for the current fiscal year.

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.