Delta Investment Management LLC Lowers Position in The Walt Disney Company (NYSE:DIS)

Delta Investment Management LLC decreased its stake in shares of The Walt Disney Company (NYSE:DIS) by 3.0% in the 4th quarter, HoldingsChannel.com reports. The firm owned 5,306 shares of the entertainment giant’s stock after selling 166 shares during the quarter. Delta Investment Management LLC’s holdings in Walt Disney were worth $591,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the stock. FPC Investment Advisory Inc. acquired a new position in Walt Disney during the fourth quarter valued at approximately $28,000. Tacita Capital Inc raised its position in shares of 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 purchasing an additional 124 shares in the last quarter. Pilgrim Partners Asia Pte Ltd bought a new position in Walt Disney during the 4th quarter valued at $32,000. Midwest Capital Advisors LLC bought a new position in shares of Walt Disney during the fourth quarter worth about $34,000. Finally, Bay Harbor Wealth Management LLC acquired a new position in shares of Walt Disney in the 4th quarter worth approximately $35,000. Hedge funds and other institutional investors own 65.71% of the company’s stock.

Walt Disney Price Performance

Shares of NYSE DIS opened at $112.59 on Tuesday. The company has a market capitalization of $202.41 billion, a price-to-earnings ratio of 36.67, a PEG 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 company has a current ratio of 0.68, a quick ratio of 0.62 and a debt-to-equity ratio of 0.36. The firm has a 50-day moving average of $94.90 and a two-hundred day moving average of $104.90.

Walt Disney (NYSE:DIS) last issued its quarterly 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. Walt Disney had a net margin of 6.07% and a return on equity of 9.95%. The business had revenue of $23.62 billion during the quarter, compared to the consensus estimate of $23.15 billion. During the same quarter in the prior year, the firm earned $1.21 EPS. The firm’s quarterly revenue was up 7.0% on a year-over-year basis. As a group, analysts expect that The Walt Disney Company will post 5.47 earnings per share for the current fiscal year.

Insider Transactions at Walt Disney

In other news, EVP Brent Woodford sold 1,000 shares of Walt Disney 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 completion of the sale, the executive vice president now directly owns 46,831 shares in the company, valued at $5,190,748.04. The trade was a 2.09% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.16% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on DIS shares. Loop Capital increased their price objective on shares of Walt Disney from $120.00 to $125.00 and gave the stock a “buy” rating in a research note on Thursday, May 8th. Prescient Securities reduced their price target on shares of Walt Disney from $130.00 to $115.00 and set a “neutral” rating for the company in a report on Tuesday, February 4th. Rosenblatt Securities reaffirmed a “buy” rating and issued a $135.00 price objective on shares of Walt Disney in a report on Monday, February 10th. Guggenheim reduced 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 note on Thursday, May 8th. Finally, Citigroup restated a “buy” rating and issued a $125.00 price target 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 issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, Walt Disney 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.