Peddock Capital Advisors LLC Decreases Stock Holdings in The Walt Disney Company (NYSE:DIS)

Peddock Capital Advisors LLC reduced its stake in The Walt Disney Company (NYSE:DIS) by 10.5% in the 4th quarter, Holdings Channel reports. The institutional investor owned 6,253 shares of the entertainment giant’s stock after selling 734 shares during the period. Peddock Capital Advisors LLC’s holdings in Walt Disney were worth $565,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the stock. Avitas Wealth Management LLC grew its stake in shares of Walt Disney by 2.2% in the 4th quarter. Avitas Wealth Management LLC now owns 11,037 shares of the entertainment giant’s stock valued at $997,000 after buying an additional 238 shares during the period. WNY Asset Management LLC grew its position in Walt Disney by 32.8% in the third quarter. WNY Asset Management LLC now owns 9,321 shares of the entertainment giant’s stock worth $756,000 after acquiring an additional 2,304 shares during the period. Pathway Financial Advisors LLC increased its stake in Walt Disney by 4.9% during the third quarter. Pathway Financial Advisors LLC now owns 3,024 shares of the entertainment giant’s stock worth $245,000 after acquiring an additional 141 shares during the last quarter. Telos Capital Management Inc. raised 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 valued at $6,751,000 after purchasing an additional 1,236 shares during the period. Finally, Tempus Wealth Planning LLC grew its holdings in shares of Walt Disney by 4.5% during the 3rd quarter. Tempus Wealth Planning LLC now owns 12,722 shares of the entertainment giant’s stock worth $1,031,000 after purchasing an additional 546 shares during the period. Hedge funds and other institutional investors own 65.71% of the company’s stock.

Insider Buying and Selling at Walt Disney

In related news, EVP Sonia L. Coleman sold 1,857 shares of the stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $121.92, for a total transaction of $226,405.44. Following the completion of the transaction, the executive vice president now directly owns 4,400 shares of the company’s stock, valued at $536,448. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.10% of the stock is currently owned by corporate insiders.

Walt Disney Stock Performance

Shares of DIS traded down $0.16 during mid-day trading on Wednesday, hitting $105.23. 10,801,942 shares of the company’s stock were exchanged, compared to its average volume of 12,047,283. The firm has a market capitalization of $193.03 billion, a P/E ratio of 65.12, a P/E/G ratio of 1.39 and a beta of 1.40. The Walt Disney Company has a fifty-two week low of $78.73 and a fifty-two week high of $123.74. The business’s 50 day moving average is $114.59 and its two-hundred day moving average is $101.21. The company has a current ratio of 0.84, a quick ratio of 0.77 and a debt-to-equity ratio of 0.39.

Walt Disney (NYSE:DIS) last announced its earnings results on Tuesday, May 7th. The entertainment giant reported $1.21 earnings per share for the quarter, beating the consensus estimate of $1.12 by $0.09. Walt Disney had a return on equity of 7.88% and a net margin of 3.36%. The company had revenue of $22.08 billion for the quarter, compared to the consensus estimate of $22.12 billion. During the same period last year, the business posted $0.93 EPS. The company’s revenue was up 1.2% on a year-over-year basis. On average, equities analysts expect that The Walt Disney Company will post 4.7 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research analysts have weighed in on DIS shares. Morgan Stanley increased their target price on shares of Walt Disney from $110.00 to $135.00 and gave the stock an “overweight” rating in a research note on Monday, March 4th. Tigress Financial reissued a “buy” rating and issued a $136.00 target price on shares of Walt Disney in a research report on Wednesday, February 21st. The Goldman Sachs Group cut their price objective on Walt Disney from $125.00 to $120.00 and set a “buy” rating on the stock in a report on Thursday, February 8th. Raymond James raised their target price on Walt Disney from $112.00 to $128.00 and gave the company an “outperform” rating in a report on Tuesday, March 26th. Finally, Needham & Company LLC reiterated a “buy” rating and set a $145.00 price target on shares of Walt Disney in a research note on Tuesday. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and twenty-three have assigned a buy rating to the stock. According to MarketBeat.com, Walt Disney has an average rating of “Moderate Buy” and an average target price of $126.46.

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.