The Walt Disney Company (NYSE:DIS) Shares Sold by Snowden Capital Advisors LLC

Snowden Capital Advisors LLC lowered its position in The Walt Disney Company (NYSE:DIS) by 7.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 49,737 shares of the entertainment giant’s stock after selling 4,187 shares during the quarter. Snowden Capital Advisors LLC’s holdings in Walt Disney were worth $5,563,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in DIS. Norges Bank acquired a new position in Walt Disney in the 4th quarter worth $2,415,427,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main lifted its holdings in Walt Disney by 1,900.0% in the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 5,735,961 shares of the entertainment giant’s stock worth $638,699,000 after buying an additional 5,449,158 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its holdings in Walt Disney by 75.8% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 10,858,108 shares of the entertainment giant’s stock worth $1,209,050,000 after buying an additional 4,680,930 shares in the last quarter. Jennison Associates LLC lifted its holdings in Walt Disney by 23.4% in the 4th quarter. Jennison Associates LLC now owns 19,197,463 shares of the entertainment giant’s stock worth $2,137,637,000 after buying an additional 3,636,742 shares in the last quarter. Finally, Raymond James Financial Inc. bought a new stake in shares of Walt Disney in the 4th quarter worth about $358,151,000. Institutional investors and hedge funds own 65.71% of the company’s stock.

Insiders Place Their Bets

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

Walt Disney Price Performance

NYSE DIS opened at $113.26 on Friday. The Walt Disney Company has a 52 week low of $80.10 and a 52 week 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 stock has a market cap of $203.62 billion, a price-to-earnings ratio of 36.89, a price-to-earnings-growth ratio of 1.80 and a beta of 1.49. The company has a 50-day moving average price of $94.62 and a two-hundred day moving average price of $104.66.

Walt Disney (NYSE:DIS) last posted 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. Walt Disney had a net margin of 6.07% and a return on equity of 9.95%. The firm had revenue of $23.62 billion during the quarter, compared to analysts’ expectations of $23.15 billion. During the same quarter in the prior year, the firm earned $1.21 EPS. Walt Disney’s quarterly revenue was up 7.0% on a year-over-year basis. Analysts forecast that The Walt Disney Company will post 5.47 EPS for the current year.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on DIS shares. 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. The Goldman Sachs Group boosted their target price on shares of Walt Disney from $137.00 to $139.00 and gave the stock a “buy” rating in a research report on Tuesday, February 4th. Wolfe Research raised shares of Walt Disney from a “peer perform” rating to an “outperform” rating and set a $112.00 target price for the company in a research report on Monday, April 21st. Citigroup reissued a “buy” rating and issued a $125.00 target price on shares of Walt Disney in a research report on Wednesday, January 22nd. Finally, Rosenblatt Securities reissued a “buy” rating and issued a $135.00 target price on shares of Walt Disney in a research report on Monday, February 10th. Six equities research 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’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus 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.