Miramar Capital LLC Sells 100 Shares of The Walt Disney Company (NYSE:DIS)

Miramar Capital LLC lessened its stake in The Walt Disney Company (NYSE:DIS) by 4.1% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,347 shares of the entertainment giant’s stock after selling 100 shares during the period. Miramar Capital LLC’s holdings in Walt Disney were worth $261,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently added to or reduced their stakes in DIS. Impax Asset Management Group plc grew its stake in Walt Disney by 4.5% in the third quarter. Impax Asset Management Group plc now owns 644,017 shares of the entertainment giant’s stock valued at $61,948,000 after purchasing an additional 27,806 shares during the last quarter. M&G PLC purchased a new position in Walt Disney in the third quarter valued at about $1,250,000. Summit Global Investments grew its stake in Walt Disney by 476.0% in the third quarter. Summit Global Investments now owns 12,379 shares of the entertainment giant’s stock valued at $1,191,000 after purchasing an additional 10,230 shares during the last quarter. CWA Asset Management Group LLC purchased a new stake in shares of Walt Disney during the third quarter worth about $2,942,000. Finally, Applied Finance Capital Management LLC grew its stake in shares of Walt Disney by 12.3% during the third quarter. Applied Finance Capital Management LLC now owns 439,274 shares of the entertainment giant’s stock worth $42,254,000 after acquiring an additional 48,189 shares during the last quarter. Hedge funds and other institutional investors own 65.71% of the company’s stock.

Walt Disney Trading Up 0.1 %

Shares of NYSE:DIS opened at $105.58 on Friday. The Walt Disney Company has a 12-month low of $83.91 and a 12-month high of $123.74. The company has a market capitalization of $190.87 billion, a PE ratio of 34.39, a PEG ratio of 1.80 and a beta of 1.41. The business has a 50 day moving average of $110.30 and a two-hundred day moving average of $104.05. The company has a current ratio of 0.68, a quick ratio of 0.62 and a debt-to-equity ratio of 0.36.

Walt Disney (NYSE:DIS) last announced its earnings results on Wednesday, February 5th. The entertainment giant reported $1.76 earnings per share for the quarter, topping the consensus estimate of $1.44 by $0.32. Walt Disney had a return on equity of 9.95% and a net margin of 6.07%. As a group, analysts forecast that The Walt Disney Company will post 5.47 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the company. Guggenheim boosted their price target on Walt Disney from $110.00 to $130.00 and gave the stock a “buy” rating in a research note on Friday, November 15th. Evercore ISI boosted their price target on Walt Disney from $128.00 to $134.00 and gave the stock an “outperform” rating in a research note on Monday, November 18th. Macquarie restated a “neutral” rating and set a $110.00 price target on shares of Walt Disney in a research note on Monday, January 6th. Needham & Company LLC restated a “buy” rating and set a $130.00 price target on shares of Walt Disney in a research note on Wednesday, February 5th. Finally, Redburn Atlantic upgraded Walt Disney from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $100.00 to $147.00 in a research note on Tuesday, January 7th. Six investment analysts have rated the stock with a hold rating, eighteen have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, Walt Disney has an average rating of “Moderate Buy” and a consensus price target of $125.64.

Insider Transactions at Walt Disney

In other news, EVP Brent Woodford sold 8,000 shares of the company’s stock in a transaction that occurred on Wednesday, December 11th. The stock was sold at an average price of $114.74, for a total transaction of $917,920.00. Following the completion of the transaction, the executive vice president now directly owns 44,055 shares of the company’s stock, valued at $5,054,870.70. This represents a 15.37 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 0.16% of the company’s stock.

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.