Compass Ion Advisors LLC Reduces Stake in The Walt Disney Company (NYSE:DIS)

Compass Ion Advisors LLC lowered its stake in The Walt Disney Company (NYSE:DIS) by 9.8% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,733 shares of the entertainment giant’s stock after selling 297 shares during the period. Compass Ion Advisors LLC’s holdings in Walt Disney were worth $334,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Planned Solutions Inc. purchased a new position in Walt Disney in the fourth quarter worth about $26,000. Gold Investment Management Ltd. purchased a new position in shares of Walt Disney during the fourth quarter valued at approximately $28,000. Fortis Group Advisors LLC purchased a new position in shares of Walt Disney during the third quarter valued at approximately $30,000. Stone House Investment Management LLC boosted 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 valued at $31,000 after buying an additional 270 shares during the period. Finally, Partnership Wealth Management LLC purchased a new position in shares of Walt Disney during the fourth quarter valued at approximately $33,000. Hedge funds and other institutional investors own 65.71% of the company’s stock.

Insiders Place Their Bets

In other news, Director James P. Gorman acquired 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 completion of the transaction, 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 can be accessed through this link. In related news, EVP Sonia L. Coleman sold 4,400 shares of the company’s stock in a transaction dated Thursday, May 9th. The shares were sold at an average price of $106.00, for a total transaction of $466,400.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director James P. Gorman purchased 20,000 shares of Walt Disney stock in a transaction that occurred on Wednesday, May 8th. The shares were bought at an average price of $106.03 per share, with a total value of $2,120,600.00. Following the transaction, the director now owns 20,467 shares in the company, valued at $2,170,116.01. The disclosure for this purchase can be found here. Insiders own 0.10% of the company’s stock.

Walt Disney Price Performance

NYSE:DIS opened at $98.02 on Tuesday. The Walt Disney Company has a one year low of $78.73 and a one year 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 firm has a market cap of $178.69 billion, a price-to-earnings ratio of 106.54, a PEG ratio of 1.23 and a beta of 1.40. The firm’s fifty day moving average is $104.76 and its two-hundred day moving average is $104.74.

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

Wall Street Analysts Forecast Growth

DIS has been the subject of several recent analyst reports. Deutsche Bank Aktiengesellschaft boosted their target price on Walt Disney from $125.00 to $130.00 and gave the company a “buy” rating in a research report on Monday, May 6th. Redburn Atlantic upgraded Walt Disney from a “sell” rating to a “neutral” rating and set a $100.00 target price for the company in a research report on Tuesday, May 21st. Barclays dropped their target price on Walt Disney from $135.00 to $130.00 and set an “overweight” rating for the company in a research report on Wednesday, May 8th. Rosenblatt Securities lifted their price target on shares of Walt Disney from $129.00 to $137.00 and gave the company a “buy” rating in a research note on Tuesday, April 2nd. Finally, Guggenheim lifted their price target on shares of Walt Disney from $125.00 to $140.00 and gave the company a “buy” rating in a research note on Wednesday, April 3rd. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and twenty-two have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $126.50.

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.