SteelPeak Wealth LLC Trims Stake in The Walt Disney Company (NYSE:DIS)

SteelPeak Wealth LLC lowered its stake in The Walt Disney Company (NYSE:DIS) by 8.1% during the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 27,309 shares of the entertainment giant’s stock after selling 2,394 shares during the quarter. SteelPeak Wealth LLC’s holdings in Walt Disney were worth $3,341,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Planned Solutions Inc. acquired a new position in Walt Disney in the 4th quarter valued at $26,000. Gold Investment Management Ltd. acquired a new position in Walt Disney in the 4th quarter valued at $28,000. Fortis Group Advisors LLC acquired a new position in Walt Disney in the 3rd quarter valued at $30,000. Stone House Investment Management LLC raised its holdings 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 valued at $31,000 after acquiring an additional 270 shares during the last quarter. Finally, Partnership Wealth Management LLC acquired a new position in Walt Disney in the 4th quarter valued at $33,000. Hedge funds and other institutional investors own 65.71% of the company’s stock.

Insider Buying and Selling

In related news, EVP Sonia L. Coleman sold 4,400 shares of the business’s stock in a transaction that occurred on Thursday, May 9th. The stock was sold at an average price of $106.00, for a total transaction of $466,400.00. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other Walt Disney news, EVP Sonia L. Coleman sold 4,400 shares of Walt Disney stock in a transaction that occurred on Thursday, May 9th. The shares were sold at an average price of $106.00, for a total value of $466,400.00. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director James P. Gorman purchased 20,000 shares of the firm’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 transaction, the director now owns 20,467 shares of the company’s stock, valued at approximately $2,170,116.01. The disclosure for this purchase can be found here. 0.10% of the stock is owned by corporate insiders.

Walt Disney Stock Performance

DIS opened at $99.29 on Monday. The business’s 50 day moving average is $104.76 and its 200-day moving average is $104.74. The stock has a market cap of $181.01 billion, a PE ratio of 107.93, a price-to-earnings-growth ratio of 1.23 and a beta of 1.40. The company has a current ratio of 0.75, a quick ratio of 0.69 and a debt-to-equity ratio of 0.38. The Walt Disney Company has a twelve month low of $78.73 and a twelve month high of $123.74.

Walt Disney (NYSE:DIS) last announced its earnings results on Tuesday, May 7th. The entertainment giant reported $1.21 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 firm had revenue of $22.08 billion for the quarter, compared to analysts’ expectations of $22.12 billion. During the same quarter in the previous year, the company earned $0.93 earnings per share. The firm’s quarterly revenue was up 1.2% compared to the same quarter last year. On average, analysts predict that The Walt Disney Company will post 4.76 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. UBS Group dropped their price objective on Walt Disney from $140.00 to $130.00 and set a “buy” rating for the company in a report on Wednesday, May 8th. Needham & Company LLC restated a “buy” rating and set a $145.00 price objective on shares of Walt Disney in a report on Tuesday, May 7th. Argus upped their price objective on Walt Disney from $125.00 to $140.00 and gave the stock a “buy” rating in a report on Wednesday, April 10th. Deutsche Bank Aktiengesellschaft upped their price objective on Walt Disney from $125.00 to $130.00 and gave the stock a “buy” rating in a report on Monday, May 6th. Finally, Evercore ISI decreased their price target on shares of Walt Disney from $130.00 to $128.00 and set an “outperform” rating for the company in a research report on Wednesday, May 8th. One research analyst has rated the stock with a sell rating, three have given a hold rating and twenty-two have given a buy rating to the company. Based on data from MarketBeat, Walt Disney currently has an average rating of “Moderate Buy” and an average price target of $126.50.

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.