TB Alternative Assets Ltd. Has $31.09 Million Stock Position in The Walt Disney Company (NYSE:DIS)

TB Alternative Assets Ltd. decreased its position in shares of The Walt Disney Company (NYSE:DIS) by 5.5% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 254,100 shares of the entertainment giant’s stock after selling 14,900 shares during the quarter. Walt Disney comprises 7.8% of TB Alternative Assets Ltd.’s holdings, making the stock its 4th largest holding. TB Alternative Assets Ltd.’s holdings in Walt Disney were worth $31,092,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Planned Solutions Inc. purchased a new position in shares of Walt Disney during the fourth quarter valued at approximately $26,000. Gold Investment Management Ltd. purchased a new position in Walt Disney in the fourth quarter worth $28,000. Fortis Group Advisors LLC purchased a new position in Walt Disney in the third quarter worth $30,000. Stone House Investment Management LLC boosted its position in Walt Disney by 355.3% in 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 during the last quarter. Finally, Partnership Wealth Management LLC purchased a new position in Walt Disney in the fourth quarter worth $33,000. Institutional investors own 65.71% of the company’s stock.

Insiders Place Their Bets

In other Walt Disney news, Director James P. Gorman acquired 20,000 shares of the company’s stock in a transaction on Wednesday, May 8th. The stock was acquired at an average price of $106.03 per share, for a total transaction of $2,120,600.00. Following the acquisition, the director now 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 accessible through this hyperlink. In other Walt Disney news, Director James P. Gorman acquired 20,000 shares of the company’s stock in a transaction on Wednesday, May 8th. The stock was acquired at an average price of $106.03 per share, for a total transaction of $2,120,600.00. Following the acquisition, the director now 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 accessible through this hyperlink. Also, EVP Sonia L. Coleman sold 4,400 shares of the stock in a transaction that occurred on Thursday, May 9th. The stock was sold at an average price of $106.00, for a total value of $466,400.00. The disclosure for this sale can be found here. Company insiders own 0.10% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the company. UBS Group cut their price objective on Walt Disney from $140.00 to $130.00 and set a “buy” rating on the stock in a research report on Wednesday, May 8th. Daiwa Capital Markets reissued a “buy” rating and issued a $133.00 price objective on shares of Walt Disney in a research report on Monday, April 1st. Morgan Stanley boosted their target price on Walt Disney from $110.00 to $135.00 and gave the company an “overweight” rating in a research note on Monday, March 4th. Needham & Company LLC restated a “buy” rating and issued a $145.00 target price on shares of Walt Disney in a research note on Tuesday, May 7th. Finally, JPMorgan Chase & Co. began coverage on Walt Disney in a research note on Thursday, April 11th. They issued an “overweight” rating and a $140.00 target price on the stock. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and twenty-two have assigned a buy rating to the company. Based on data from MarketBeat.com, Walt Disney currently has an average rating of “Moderate Buy” and a consensus target price of $126.50.

Walt Disney Trading Down 0.0 %

DIS stock traded down $0.02 during trading on Wednesday, hitting $102.18. 9,539,046 shares of the company traded hands, compared to its average volume of 11,426,847. The firm has a market capitalization of $186.28 billion, a PE ratio of 111.07, a P/E/G ratio of 1.27 and a beta of 1.40. The Walt Disney Company has a 1 year low of $78.73 and a 1 year high of $123.74. The company has a 50-day moving average of $105.45 and a 200-day moving average of $104.55. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.69 and a current ratio of 0.75.

Walt Disney (NYSE:DIS) last issued 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. The company had revenue of $22.08 billion during the quarter, compared to analysts’ expectations of $22.12 billion. Walt Disney had a return on equity of 8.37% and a net margin of 1.90%. Walt Disney’s quarterly revenue was up 1.2% compared to the same quarter last year. During the same period in the prior year, the business posted $0.93 EPS. Analysts predict that The Walt Disney Company will post 4.75 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.