Eagle Global Advisors LLC Lowers Stake in The Walt Disney Company (NYSE:DIS)

Eagle Global Advisors LLC reduced its stake in shares of The Walt Disney Company (NYSE:DISFree Report) by 63.2% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 36,048 shares of the entertainment giant’s stock after selling 61,960 shares during the quarter. Eagle Global Advisors LLC’s holdings in Walt Disney were worth $3,255,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Syon Capital LLC purchased a new stake in Walt Disney in the third quarter worth about $348,000. NBC Securities Inc. purchased a new stake in Walt Disney in the third quarter worth about $2,099,000. Breakwater Capital Group lifted its stake in Walt Disney by 9.7% in the third quarter. Breakwater Capital Group now owns 7,760 shares of the entertainment giant’s stock worth $629,000 after acquiring an additional 683 shares during the period. AR Asset Management Inc. lifted its stake in Walt Disney by 2.7% in the third quarter. AR Asset Management Inc. now owns 55,755 shares of the entertainment giant’s stock worth $4,519,000 after acquiring an additional 1,465 shares during the period. Finally, Wilbanks Smith & Thomas Asset Management LLC lifted its position in shares of Walt Disney by 4.8% during the third quarter. Wilbanks Smith & Thomas Asset Management LLC now owns 85,538 shares of the entertainment giant’s stock valued at $6,933,000 after buying an additional 3,950 shares during the last quarter. 65.71% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

DIS has been the subject of several analyst reports. Barclays decreased their price target on shares of Walt Disney from $135.00 to $130.00 and set an “overweight” rating for the company in a research report on Wednesday, May 8th. JPMorgan Chase & Co. initiated coverage on shares of Walt Disney in a research report on Thursday, April 11th. They set an “overweight” rating and a $140.00 price target for the company. Needham & Company LLC reissued a “buy” rating and set a $145.00 price target on shares of Walt Disney in a research report on Tuesday, May 7th. Guggenheim increased their price target on shares of Walt Disney from $125.00 to $140.00 and gave the company a “buy” rating in a research report on Wednesday, April 3rd. Finally, Raymond James upped their price objective on shares of Walt Disney from $112.00 to $128.00 and gave the company an “outperform” rating in a report on Tuesday, March 26th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and twenty-three have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $125.52.

Get Our Latest Research Report on DIS

Walt Disney Price Performance

Shares of NYSE:DIS traded up $1.10 during midday trading on Friday, reaching $101.76. 6,269,479 shares of the company’s stock traded hands, compared to its average volume of 11,937,832. The Walt Disney Company has a 1 year low of $78.73 and a 1 year high of $123.74. The company has a market cap of $185.51 billion, a P/E ratio of 110.32, a PEG ratio of 1.28 and a beta of 1.40. 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 company has a fifty day simple moving average of $112.72 and a two-hundred day simple moving average of $102.79.

Walt Disney (NYSE:DISGet Free Report) last announced its quarterly earnings data on Tuesday, May 7th. The entertainment giant reported $1.21 earnings per share for the quarter, beating analysts’ consensus estimates of $1.12 by $0.09. Walt Disney had a return on equity of 8.37% and a net margin of 1.90%. The company had revenue of $22.08 billion for the quarter, compared to analyst estimates of $22.12 billion. During the same quarter last year, the firm posted $0.93 EPS. The firm’s revenue for the quarter was up 1.2% on a year-over-year basis. Equities analysts predict that The Walt Disney Company will post 4.76 EPS for the current fiscal year.

Insider Buying and Selling at Walt Disney

In other Walt Disney news, EVP Sonia L. Coleman sold 1,857 shares of Walt Disney stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $121.92, for a total value of $226,405.44. Following the completion of the transaction, the executive vice president now directly owns 4,400 shares of the company’s stock, valued at approximately $536,448. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related news, EVP Sonia L. Coleman sold 1,857 shares of the business’s stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $121.92, for a total transaction of $226,405.44. Following the completion of the sale, the executive vice president now owns 4,400 shares in the company, valued at $536,448. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director James P. Gorman bought 20,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 8th. The shares were acquired at an average price of $106.03 per share, with a total value of $2,120,600.00. Following the purchase, the director now owns 20,467 shares of the company’s stock, valued at $2,170,116.01. The disclosure for this purchase can be found here. 0.10% of the stock is currently owned by corporate insiders.

About Walt Disney

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Walt Disney (NYSE:DIS)

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