Peddock Capital Advisors LLC Lowers Stake in The Walt Disney Company (NYSE:DIS)

Peddock Capital Advisors LLC cut its stake in The Walt Disney Company (NYSE:DIS) by 10.5% in the 4th quarter, according to its most recent disclosure with the SEC. 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 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in DIS. Planned Solutions Inc. bought a new stake in Walt Disney in the 4th quarter worth approximately $26,000. Stone House Investment Management LLC raised its position in Walt Disney by 355.3% in the 4th quarter. Stone House Investment Management LLC now owns 346 shares of the entertainment giant’s stock worth $31,000 after purchasing an additional 270 shares during the period. Fortis Group Advisors LLC bought a new stake in Walt Disney in the third quarter worth $30,000. Evolution Advisers Inc. boosted its position in Walt Disney by 38.2% during the fourth quarter. Evolution Advisers Inc. now owns 380 shares of the entertainment giant’s stock valued at $34,000 after buying an additional 105 shares during the period. Finally, Orion Capital Management LLC bought a new position in shares of Walt Disney during the third quarter valued at about $35,000. Institutional investors own 65.71% of the company’s stock.

Walt Disney Stock Performance

DIS stock traded down $0.16 during trading on Wednesday, reaching $105.23. The stock had a trading volume of 10,801,942 shares, compared to its average volume of 12,047,283. The stock’s 50 day moving average is $114.59 and its two-hundred day moving average is $101.21. The firm has a market cap of $193.03 billion, a PE ratio of 65.12, a PEG ratio of 1.39 and a beta of 1.40. The Walt Disney Company has a 52 week low of $78.73 and a 52 week high of $123.74. 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 issued its quarterly earnings results on Tuesday, May 7th. The entertainment giant reported $1.21 earnings per share for the quarter, topping the consensus estimate of $1.12 by $0.09. Walt Disney had a net margin of 3.36% and a return on equity of 7.88%. The business had revenue of $22.08 billion for the quarter, compared to analysts’ expectations of $22.12 billion. During the same quarter last year, the company posted $0.93 EPS. The company’s revenue was up 1.2% compared to the same quarter last year. As a group, equities analysts anticipate that The Walt Disney Company will post 4.7 earnings per share for the current year.

Insider Activity

In other news, EVP Sonia L. Coleman sold 1,857 shares of the firm’s stock in a transaction on Monday, April 1st. The shares were sold at an average price of $121.92, for a total transaction of $226,405.44. Following the sale, the executive vice president now directly owns 4,400 shares in the company, valued at approximately $536,448. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.10% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on DIS shares. Needham & Company LLC restated a “buy” rating and set a $145.00 target price on shares of Walt Disney in a report on Tuesday. Barclays decreased their target price on shares of Walt Disney from $135.00 to $130.00 and set an “overweight” rating on the stock in a research note on Wednesday. Raymond James increased their price target on shares of Walt Disney from $112.00 to $128.00 and gave the company an “outperform” rating in a research report on Tuesday, March 26th. Evercore ISI lowered their price objective on shares of Walt Disney from $130.00 to $128.00 and set an “outperform” rating for the company in a research note on Wednesday. Finally, Rosenblatt Securities upped their price target on Walt Disney from $129.00 to $137.00 and gave the company a “buy” rating in a research report on Tuesday, April 2nd. One analyst has rated the stock with a sell rating, three have issued a hold rating and twenty-three have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $126.46.

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.