Delta Asset Management LLC TN Sells 12,476 Shares of The Walt Disney Company (NYSE:DIS)

Delta Asset Management LLC TN cut its holdings in The Walt Disney Company (NYSE:DIS) by 4.0% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 300,290 shares of the entertainment giant’s stock after selling 12,476 shares during the period. Walt Disney makes up about 2.6% of Delta Asset Management LLC TN’s portfolio, making the stock its 13th biggest holding. Delta Asset Management LLC TN’s holdings in Walt Disney were worth $27,113,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in the business. Avitas Wealth Management LLC raised its position in Walt Disney by 2.2% during the fourth quarter. Avitas Wealth Management LLC now owns 11,037 shares of the entertainment giant’s stock valued at $997,000 after purchasing an additional 238 shares during the period. WNY Asset Management LLC raised its holdings in Walt Disney by 32.8% during the 3rd quarter. WNY Asset Management LLC now owns 9,321 shares of the entertainment giant’s stock valued at $756,000 after buying an additional 2,304 shares during the period. Telos Capital Management Inc. lifted its position in Walt Disney by 1.7% in the fourth quarter. Telos Capital Management Inc. now owns 74,767 shares of the entertainment giant’s stock worth $6,751,000 after buying an additional 1,236 shares during the last quarter. Stelac Advisory Services LLC boosted its stake in Walt Disney by 7.7% during the third quarter. Stelac Advisory Services LLC now owns 68,909 shares of the entertainment giant’s stock worth $5,598,000 after buying an additional 4,915 shares during the period. Finally, Howard Capital Management Group LLC increased its position in Walt Disney by 1.8% during the fourth quarter. Howard Capital Management Group LLC now owns 213,601 shares of the entertainment giant’s stock valued at $19,286,000 after acquiring an additional 3,716 shares during the last quarter. 65.71% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the stock. Evercore ISI lowered their target price on shares of Walt Disney from $130.00 to $128.00 and set an “outperform” rating for the company in a report on Wednesday, May 8th. Deutsche Bank Aktiengesellschaft boosted their target price on Walt Disney from $125.00 to $130.00 and gave the company a “buy” rating in a research report on Monday, May 6th. Raymond James increased their price target on Walt Disney from $112.00 to $128.00 and gave the stock an “outperform” rating in a report on Tuesday, March 26th. Loop Capital raised their price target on Walt Disney from $113.00 to $140.00 and gave the stock a “buy” rating in a research note on Monday, May 6th. Finally, JPMorgan Chase & Co. began coverage on Walt Disney in a research note on Thursday, April 11th. They issued an “overweight” rating and a $140.00 target price on the stock. One research analyst has rated the stock with a sell rating, three have given a hold rating and twenty-three have assigned a 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 $125.52.

Walt Disney Stock Up 0.0 %

Shares of DIS traded up $0.01 during midday trading on Wednesday, hitting $103.02. 6,953,734 shares of the company’s stock traded hands, compared to its average volume of 12,005,542. The company has a current ratio of 0.75, a quick ratio of 0.69 and a debt-to-equity ratio of 0.38. The stock has a market capitalization of $187.81 billion, a price-to-earnings ratio of 112.10, a price-to-earnings-growth ratio of 1.25 and a beta of 1.40. The Walt Disney Company has a 1 year low of $78.73 and a 1 year high of $123.74. The firm’s fifty day moving average is $113.14 and its 200-day moving average is $102.80.

Walt Disney (NYSE:DIS) last released its quarterly earnings results on Tuesday, May 7th. The entertainment giant reported $1.21 EPS for the quarter, beating analysts’ consensus estimates of $1.12 by $0.09. Walt Disney had a return on equity of 8.37% and a net margin of 1.90%. The company had revenue of $22.08 billion during the quarter, compared to analysts’ expectations of $22.12 billion. During the same period last year, the business posted $0.93 earnings per share. The firm’s revenue was up 1.2% compared to the same quarter last year. As a group, sell-side analysts anticipate that The Walt Disney Company will post 4.76 earnings per share for the current year.

Insiders Place Their Bets

In related news, Director James P. Gorman purchased 20,000 shares of the firm’s stock in a transaction on Wednesday, May 8th. The stock was acquired at an average price of $106.03 per share, with a total value of $2,120,600.00. Following the completion of the acquisition, the director now owns 20,467 shares in the company, valued at approximately $2,170,116.01. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, EVP Sonia L. Coleman sold 4,400 shares of the firm’s stock in a transaction on Thursday, May 9th. The shares were sold at an average price of $106.00, for a total transaction of $466,400.00. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director James P. Gorman acquired 20,000 shares of the business’s stock in a transaction on Wednesday, May 8th. The stock was purchased at an average cost of $106.03 per share, with a total value of $2,120,600.00. Following the acquisition, the director now directly owns 20,467 shares of the company’s stock, valued at approximately $2,170,116.01. The disclosure for this purchase can be found here. 0.10% of the stock is owned by insiders.

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.