Boyar Asset Management Inc. Decreases Stock Position in The Walt Disney Company (NYSE:DIS)

Boyar Asset Management Inc. trimmed its position in shares of The Walt Disney Company (NYSE:DIS) by 8.1% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 30,624 shares of the entertainment giant’s stock after selling 2,691 shares during the quarter. Walt Disney accounts for approximately 2.2% of Boyar Asset Management Inc.’s investment portfolio, making the stock its 12th largest position. Boyar Asset Management Inc.’s holdings in Walt Disney were worth $3,023,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Onefund LLC lifted its position in shares of Walt Disney by 2.0% during the 4th quarter. Onefund LLC now owns 4,856 shares of the entertainment giant’s stock worth $541,000 after buying an additional 93 shares during the last quarter. GPM Growth Investors Inc. grew its position in shares of Walt Disney by 4.3% in the 4th quarter. GPM Growth Investors Inc. now owns 2,342 shares of the entertainment giant’s stock valued at $261,000 after buying an additional 96 shares during the last quarter. Waterloo Capital L.P. raised its stake in Walt Disney by 3.2% during the 4th quarter. Waterloo Capital L.P. now owns 3,138 shares of the entertainment giant’s stock worth $349,000 after acquiring an additional 97 shares in the last quarter. Quadrant Capital Group LLC lifted its position in Walt Disney by 0.4% in the fourth quarter. Quadrant Capital Group LLC now owns 22,658 shares of the entertainment giant’s stock valued at $2,523,000 after acquiring an additional 98 shares during the last quarter. Finally, Acorns Advisers LLC boosted its stake in Walt Disney by 2.6% in the fourth quarter. Acorns Advisers LLC now owns 3,826 shares of the entertainment giant’s stock valued at $426,000 after acquiring an additional 98 shares in the last quarter. 65.71% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Walt Disney

In related news, EVP Brent Woodford sold 1,000 shares of Walt Disney stock in a transaction 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 now directly owns 46,831 shares of the company’s stock, valued at approximately $5,190,748.04. The trade was a 2.09% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Corporate insiders own 0.16% of the company’s stock.

Wall Street Analyst Weigh In

DIS has been the topic of a number of research analyst reports. Morgan Stanley lifted their target price on Walt Disney from $110.00 to $120.00 and gave the stock an “overweight” rating in a research report on Thursday, May 8th. UBS Group lifted their price target on Walt Disney from $105.00 to $120.00 and gave the stock a “buy” rating in a research report on Thursday, May 8th. Loop Capital boosted their price objective on Walt Disney from $125.00 to $130.00 and gave the company a “buy” rating in a research note on Tuesday, June 10th. Needham & Company LLC restated a “buy” rating and set a $125.00 target price on shares of Walt Disney in a research report on Thursday, May 8th. Finally, Wolfe Research raised shares of Walt Disney from a “peer perform” rating to an “outperform” rating and set a $112.00 target price on the stock in a report on Monday, April 21st. Six research analysts have rated the stock with a hold rating, seventeen have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, Walt Disney has an average rating of “Moderate Buy” and an average target price of $123.96.

Walt Disney Stock Performance

NYSE:DIS opened at $119.53 on Thursday. The firm’s fifty day simple moving average is $106.76 and its 200-day simple moving average is $105.92. The company has a quick ratio of 0.61, a current ratio of 0.67 and a debt-to-equity ratio of 0.34. The stock has a market cap of $214.89 billion, a PE ratio of 24.44, a price-to-earnings-growth ratio of 1.74 and a beta of 1.54. The Walt Disney Company has a fifty-two week low of $80.10 and a fifty-two week high of $120.50.

Walt Disney (NYSE:DIS) last released its quarterly earnings data on Wednesday, May 7th. The entertainment giant reported $1.45 EPS for the quarter, topping analysts’ consensus estimates of $1.21 by $0.24. Walt Disney had a net margin of 9.47% and a return on equity of 9.99%. The firm had revenue of $23.62 billion for the quarter, compared to the consensus estimate of $23.15 billion. During the same quarter in the previous year, the firm earned $1.21 earnings per share. The firm’s revenue was up 7.0% on a year-over-year basis. Analysts expect that The Walt Disney Company will post 5.47 earnings per share for the current fiscal year.

About Walt Disney

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.