Vista Investment Management Cuts Position in The Walt Disney Company (NYSE:DIS)

Vista Investment Management lessened its stake in The Walt Disney Company (NYSE:DIS) by 1.1% in the fourth quarter, HoldingsChannel.com reports. The firm owned 21,876 shares of the entertainment giant’s stock after selling 244 shares during the quarter. Vista Investment Management’s holdings in Walt Disney were worth $2,436,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. FPC Investment Advisory Inc. acquired a new stake in Walt Disney in the 4th quarter valued at about $28,000. Tacita Capital Inc grew its stake in Walt Disney by 93.2% in the 4th quarter. Tacita Capital Inc now owns 257 shares of the entertainment giant’s stock valued at $29,000 after acquiring an additional 124 shares during the last quarter. Pilgrim Partners Asia Pte Ltd acquired a new stake in Walt Disney in the 4th quarter valued at about $32,000. Midwest Capital Advisors LLC acquired a new stake in Walt Disney in the 4th quarter valued at about $34,000. Finally, Bay Harbor Wealth Management LLC acquired a new stake in Walt Disney in the 4th quarter valued at about $35,000. Hedge funds and other institutional investors own 65.71% of the company’s stock.

Wall Street Analysts Forecast Growth

DIS has been the topic of a number of research reports. Rosenblatt Securities reissued a “buy” rating and issued a $135.00 price objective on shares of Walt Disney in a research note on Monday, February 10th. UBS Group increased their price objective on shares of Walt Disney from $105.00 to $120.00 and gave the company a “buy” rating in a research note on Thursday, May 8th. Wolfe Research raised shares of Walt Disney from a “peer perform” rating to an “outperform” rating and set a $112.00 price objective on the stock in a research note on Monday, April 21st. Loop Capital raised their price target on shares of Walt Disney from $120.00 to $125.00 and gave the stock a “buy” rating in a research note on Thursday, May 8th. Finally, Citigroup reaffirmed a “buy” rating and set a $125.00 price target on shares of Walt Disney in a research note on Wednesday, January 22nd. Six research analysts have rated the stock with a hold rating, seventeen have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $123.54.

Walt Disney Price Performance

DIS opened at $112.59 on Tuesday. The company’s 50 day simple moving average is $94.90 and its 200 day simple moving average is $104.90. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.62 and a current ratio of 0.68. The Walt Disney Company has a 1 year low of $80.10 and a 1 year high of $118.63. The stock has a market capitalization of $202.41 billion, a PE ratio of 36.67, a P/E/G ratio of 1.80 and a beta of 1.49.

Walt Disney (NYSE:DIS) last released its earnings results on Wednesday, May 7th. The entertainment giant reported $1.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.21 by $0.24. Walt Disney had a net margin of 6.07% and a return on equity of 9.95%. The business had revenue of $23.62 billion for the quarter, compared to analysts’ expectations of $23.15 billion. During the same period last year, the company earned $1.21 earnings per share. The company’s quarterly revenue was up 7.0% on a year-over-year basis. As a group, sell-side analysts expect that The Walt Disney Company will post 5.47 EPS for the current year.

Insider Buying and Selling at Walt Disney

In other Walt Disney news, EVP Brent Woodford sold 1,000 shares of Walt Disney stock in a transaction that occurred on Tuesday, May 13th. The shares were sold at an average price of $110.84, for a total transaction of $110,840.00. Following the transaction, the executive vice president now directly owns 46,831 shares of the company’s stock, valued at $5,190,748.04. The trade was a 2.09% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. 0.16% of the stock is currently owned by corporate insiders.

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.