The Walt Disney Company (NYSE:DIS) Shares Sold by OVERSEA CHINESE BANKING Corp Ltd

OVERSEA CHINESE BANKING Corp Ltd trimmed its holdings in The Walt Disney Company (NYSE:DIS) by 4.1% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 210,193 shares of the entertainment giant’s stock after selling 8,962 shares during the period. OVERSEA CHINESE BANKING Corp Ltd’s holdings in Walt Disney were worth $20,723,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in DIS. Mpwm Advisory Solutions LLC purchased a new position in shares of Walt Disney in the 4th quarter worth about $27,000. MJT & Associates Financial Advisory Group Inc. purchased a new position in shares of Walt Disney in the 1st quarter worth about $26,000. Kessler Investment Group LLC raised its holdings in shares of Walt Disney by 274.0% in the 1st quarter. Kessler Investment Group LLC now owns 273 shares of the entertainment giant’s stock worth $27,000 after purchasing an additional 200 shares during the period. Pilgrim Partners Asia Pte Ltd purchased a new position in shares of Walt Disney in the 4th quarter worth about $32,000. Finally, Copia Wealth Management purchased a new position in shares of Walt Disney in the 4th quarter worth about $36,000. 65.71% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Walt Disney

In related news, EVP Brent Woodford sold 1,000 shares of the business’s stock in a transaction that occurred on 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 transaction, the executive vice president owned 46,831 shares in the company, valued at $5,190,748.04. The trade was a 2.09% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.16% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of research firms have recently commented on DIS. UBS Group raised their price objective on Walt Disney from $120.00 to $138.00 and gave the stock a “buy” rating in a report on Wednesday, July 16th. Morgan Stanley raised their price objective on Walt Disney from $110.00 to $120.00 and gave the stock an “overweight” rating in a report on Thursday, May 8th. Rosenblatt Securities raised their price objective on Walt Disney from $135.00 to $140.00 and gave the stock a “buy” rating in a report on Tuesday, June 3rd. Wall Street Zen downgraded Walt Disney from a “strong-buy” rating to a “buy” rating in a report on Sunday, July 20th. Finally, JPMorgan Chase & Co. raised their price objective on Walt Disney from $130.00 to $138.00 and gave the stock an “overweight” rating in a report on Tuesday. Five analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Walt Disney currently has an average rating of “Moderate Buy” and a consensus target price of $128.70.

Walt Disney Price Performance

Shares of DIS opened at $116.57 on Friday. The firm has a market cap of $209.56 billion, a price-to-earnings ratio of 23.84, a PEG ratio of 1.74 and a beta of 1.56. The stock has a 50 day moving average of $118.76 and a 200-day moving average of $107.72. The company has a current ratio of 0.67, a quick ratio of 0.61 and a debt-to-equity ratio of 0.34. The Walt Disney Company has a 52 week low of $80.10 and a 52 week high of $124.69.

Walt Disney (NYSE:DIS) last issued its earnings results on Wednesday, May 7th. The entertainment giant reported $1.45 EPS for the quarter, topping the consensus estimate of $1.21 by $0.24. The company had revenue of $23.62 billion during the quarter, compared to analyst estimates of $23.15 billion. Walt Disney had a return on equity of 9.99% and a net margin of 9.47%. The business’s revenue was up 7.0% on a year-over-year basis. During the same quarter last year, the firm earned $1.21 EPS. As a group, analysts forecast that The Walt Disney Company will post 5.47 EPS for the current 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.