Tucker Asset Management LLC Trims Holdings in The Walt Disney Company (NYSE:DIS)

Tucker Asset Management LLC lessened its stake in The Walt Disney Company (NYSE:DIS) by 9.9% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 1,438 shares of the entertainment giant’s stock after selling 158 shares during the period. Tucker Asset Management LLC’s holdings in Walt Disney were worth $130,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Planned Solutions Inc. acquired a new stake in shares of Walt Disney in the fourth quarter valued at $26,000. Gold Investment Management Ltd. acquired a new position in Walt Disney in the 4th quarter valued at about $28,000. Partnership Wealth Management LLC purchased a new stake in Walt Disney during the fourth quarter worth about $33,000. Stone House Investment Management LLC lifted its position in shares of Walt Disney by 355.3% during the fourth 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 in the last quarter. Finally, Fortis Group Advisors LLC acquired a new position in shares of Walt Disney in the third quarter valued at approximately $30,000. Hedge funds and other institutional investors own 65.71% of the company’s stock.

Insider Buying and Selling

In related news, Director James P. Gorman acquired 20,000 shares of Walt Disney stock in a transaction dated Wednesday, May 8th. The shares were acquired at an average cost of $106.03 per share, for a total transaction of $2,120,600.00. Following the completion of the transaction, the director now directly owns 20,467 shares of the company’s stock, valued at $2,170,116.01. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, Director James P. Gorman acquired 20,000 shares of the business’s stock in a transaction dated Wednesday, May 8th. The stock was acquired at an average price of $106.03 per share, with a total value of $2,120,600.00. Following the completion of the transaction, the director now directly owns 20,467 shares in the company, valued at approximately $2,170,116.01. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP Sonia L. Coleman sold 1,857 shares of the company’s stock in a transaction that occurred 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 transaction, the executive vice president now directly owns 4,400 shares in the company, valued at approximately $536,448. The disclosure for this sale can be found here. Insiders own 0.10% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. Rosenblatt Securities boosted their price target on shares of Walt Disney from $129.00 to $137.00 and gave the stock a “buy” rating in a research note on Tuesday, April 2nd. UBS Group lowered their price objective on Walt Disney from $140.00 to $130.00 and set a “buy” rating for the company in a research report on Wednesday, May 8th. Macquarie raised their price objective on shares of Walt Disney from $104.00 to $107.00 and gave the company a “neutral” rating in a report on Monday, May 13th. Wells Fargo & Company upped their price target on Walt Disney from $128.00 to $141.00 and gave the company an “overweight” rating in a report on Tuesday, April 23rd. Finally, Morgan Stanley increased their price target on shares of Walt Disney from $110.00 to $135.00 and gave the company an “overweight” rating in a research note on Monday, March 4th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and twenty-two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Walt Disney has a consensus rating of “Moderate Buy” and an average price target of $126.29.

Walt Disney Price Performance

DIS stock traded down $0.12 during trading on Friday, reaching $99.97. 7,087,573 shares of the company were exchanged, compared to its average volume of 8,051,114. The stock’s 50 day moving average price is $107.41 and its 200 day moving average price is $103.99. The Walt Disney Company has a 52-week low of $78.73 and a 52-week high of $123.74. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.69 and a current ratio of 0.75. The company has a market cap of $182.25 billion, a P/E ratio of 108.66, a PEG ratio of 1.24 and a beta of 1.40.

Walt Disney (NYSE:DIS) last released its quarterly earnings results on Tuesday, May 7th. The entertainment giant reported $1.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.12 by $0.09. Walt Disney had a return on equity of 8.37% and a net margin of 1.90%. The business had revenue of $22.08 billion during the quarter, compared to the consensus estimate of $22.12 billion. During the same quarter in the previous year, the company posted $0.93 EPS. The business’s revenue was up 1.2% on a year-over-year basis. As a group, analysts predict that The Walt Disney Company will post 4.76 earnings per share for the current fiscal year.

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.