Shellback Capital LP Has $5.46 Million Stock Position in The Walt Disney Company (NYSE:DIS)

Shellback Capital LP increased its holdings in shares of The Walt Disney Company (NYSE:DIS) by 120.0% in the second quarter, HoldingsChannel reports. The firm owned 55,000 shares of the entertainment giant’s stock after buying an additional 30,000 shares during the period. Shellback Capital LP’s holdings in Walt Disney were worth $5,461,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. ESL Trust Services LLC acquired a new position in shares of Walt Disney during the 1st quarter worth approximately $31,000. Gold Investment Management Ltd. acquired a new position in shares of Walt Disney in the fourth quarter valued at $28,000. Red Tortoise LLC raised its position in shares of Walt Disney by 141.4% in the first quarter. Red Tortoise LLC now owns 367 shares of the entertainment giant’s stock valued at $45,000 after purchasing an additional 215 shares during the period. Frank Rimerman Advisors LLC acquired a new stake in shares of Walt Disney during the 4th quarter worth about $37,000. Finally, O Brien Wealth Partners LLC bought a new stake in shares of Walt Disney during the 1st quarter worth about $51,000. Institutional investors and hedge funds own 65.71% of the company’s stock.

Walt Disney Stock Performance

NYSE:DIS opened at $95.20 on Friday. The stock’s 50-day moving average is $90.39 and its 200-day moving average is $101.49. The Walt Disney Company has a 1-year low of $78.73 and a 1-year high of $123.74. The company has a current ratio of 0.72, a quick ratio of 0.66 and a debt-to-equity ratio of 0.38. The stock has a market cap of $173.55 billion, a P/E ratio of 103.48, a price-to-earnings-growth ratio of 1.53 and a beta of 1.40.

Walt Disney (NYSE:DIS) last announced its quarterly earnings results on Wednesday, August 7th. The entertainment giant reported $1.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.20 by $0.19. The firm had revenue of $23.20 billion during the quarter, compared to analysts’ expectations of $23.08 billion. Walt Disney had a net margin of 5.30% and a return on equity of 8.64%. The company’s revenue was up 3.9% on a year-over-year basis. During the same period in the prior year, the company posted $1.03 EPS. Equities research analysts anticipate that The Walt Disney Company will post 4.92 earnings per share for the current year.

Insider Activity at Walt Disney

In related news, Director Calvin Mcdonald purchased 11,756 shares of Walt Disney stock in a transaction on Thursday, August 8th. The shares were purchased at an average price of $85.06 per share, for a total transaction of $999,965.36. Following the transaction, the director now owns 22,313 shares of the company’s stock, valued at approximately $1,897,943.78. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.10% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on DIS. Moffett Nathanson cut their price objective on shares of Walt Disney from $130.00 to $125.00 and set a “buy” rating for the company in a research report on Tuesday, July 2nd. Barclays dropped their price objective on shares of Walt Disney from $130.00 to $105.00 and set an “overweight” rating for the company in a research note on Thursday, August 8th. Loop Capital cut their target price on Walt Disney from $139.00 to $130.00 and set a “buy” rating for the company in a research report on Tuesday, July 30th. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Walt Disney from $130.00 to $115.00 and set a “buy” rating on the stock in a research note on Thursday, August 8th. Finally, Macquarie dropped their target price on shares of Walt Disney from $94.00 to $91.00 and set a “neutral” rating for the company in a research report on Thursday, September 19th. Three investment analysts have rated the stock with a hold rating and twenty have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $118.43.

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.