Quarry LP Lowers Holdings in The Walt Disney Company (NYSE:DIS)

Quarry LP reduced its stake in shares of The Walt Disney Company (NYSE:DIS) by 70.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,592 shares of the entertainment giant’s stock after selling 3,734 shares during the quarter. Quarry LP’s holdings in Walt Disney were worth $177,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. Morse Asset Management Inc increased its holdings in shares of Walt Disney by 17.5% in the third quarter. Morse Asset Management Inc now owns 21,366 shares of the entertainment giant’s stock worth $2,055,000 after purchasing an additional 3,185 shares during the last quarter. Te Ahumairangi Investment Management Ltd increased its stake in Walt Disney by 28.3% in the 3rd quarter. Te Ahumairangi Investment Management Ltd now owns 37,123 shares of the entertainment giant’s stock worth $3,551,000 after acquiring an additional 8,180 shares during the last quarter. Saratoga Research & Investment Management raised its holdings in shares of Walt Disney by 18.8% during the 3rd quarter. Saratoga Research & Investment Management now owns 1,536,008 shares of the entertainment giant’s stock worth $147,749,000 after acquiring an additional 242,675 shares in the last quarter. Eaton Financial Holdings Company LLC bought a new position in shares of Walt Disney during the 3rd quarter valued at approximately $660,000. Finally, Boyar Asset Management Inc. grew its holdings in shares of Walt Disney by 1.7% in the third quarter. Boyar Asset Management Inc. now owns 33,280 shares of the entertainment giant’s stock valued at $3,201,000 after purchasing an additional 551 shares in the last quarter. Institutional investors own 65.71% of the company’s stock.

Walt Disney Trading Down 0.1 %

NYSE DIS opened at $90.18 on Tuesday. The firm’s 50-day moving average is $96.59 and its two-hundred day moving average is $104.22. The stock has a market capitalization of $163.03 billion, a P/E ratio of 29.37, a PEG ratio of 1.80 and a beta of 1.44. The Walt Disney Company has a 12 month low of $80.10 and a 12 month high of $118.63. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.68 and a quick ratio of 0.62.

Walt Disney (NYSE:DIS) last announced its earnings results on Wednesday, February 5th. The entertainment giant reported $1.76 earnings per share for the quarter, topping the consensus estimate of $1.44 by $0.32. Walt Disney had a net margin of 6.07% and a return on equity of 9.95%. On average, sell-side analysts anticipate that The Walt Disney Company will post 5.47 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on DIS shares. Barclays dropped their price objective on shares of Walt Disney from $125.00 to $115.00 and set an “overweight” rating for the company in a research note on Tuesday, April 8th. Wolfe Research raised 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. Citigroup restated a “buy” rating and set a $125.00 price objective on shares of Walt Disney in a research report on Wednesday, January 22nd. Prescient Securities dropped their target price on Walt Disney from $130.00 to $115.00 and set a “neutral” rating for the company in a report on Tuesday, February 4th. Finally, Needham & Company LLC restated a “buy” rating and set a $125.00 price target on shares of Walt Disney in a report on Tuesday, April 22nd. Six analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, Walt Disney presently has a consensus rating of “Moderate Buy” and a consensus price target of $123.75.

Walt Disney Company 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.