Catalyst Capital Advisors LLC Sells 4,354 Shares of The Walt Disney Company (NYSE:DIS)

Catalyst Capital Advisors LLC reduced its stake in The Walt Disney Company (NYSE:DIS) by 27.3% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 11,567 shares of the entertainment giant’s stock after selling 4,354 shares during the period. Catalyst Capital Advisors LLC’s holdings in Walt Disney were worth $1,142,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Harel Insurance Investments & Financial Services Ltd. boosted its holdings in Walt Disney by 401.3% in the first quarter. Harel Insurance Investments & Financial Services Ltd. now owns 3,088 shares of the entertainment giant’s stock worth $305,000 after acquiring an additional 2,472 shares in the last quarter. Pacific Heights Asset Management LLC raised its position in shares of Walt Disney by 7.1% during the first quarter. Pacific Heights Asset Management LLC now owns 75,000 shares of the entertainment giant’s stock worth $7,402,000 after purchasing an additional 5,000 shares during the period. IFM Investors Pty Ltd lifted its holdings in shares of Walt Disney by 9.5% in the 1st quarter. IFM Investors Pty Ltd now owns 367,057 shares of the entertainment giant’s stock worth $35,307,000 after purchasing an additional 31,727 shares in the last quarter. OneDigital Investment Advisors LLC grew its position in Walt Disney by 0.3% in the 1st quarter. OneDigital Investment Advisors LLC now owns 40,717 shares of the entertainment giant’s stock valued at $4,019,000 after purchasing an additional 129 shares during the period. Finally, Hartline Investment Corp grew its position in Walt Disney by 1.8% in the 1st quarter. Hartline Investment Corp now owns 9,728 shares of the entertainment giant’s stock valued at $960,000 after purchasing an additional 172 shares during the period. 65.71% of the stock is owned by institutional investors.

Insider Activity at Walt Disney

In other Walt Disney news, EVP Brent Woodford sold 1,000 shares of the stock in a transaction on Tuesday, May 13th. The stock was sold at an average price of $110.84, for a total transaction of $110,840.00. Following the completion of the transaction, the executive vice president directly owned 46,831 shares of the company’s stock, valued at approximately $5,190,748.04. This represents a 2.09% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.16% of the company’s stock.

Walt Disney Price Performance

Shares of NYSE:DIS opened at $123.98 on Friday. The company has a market capitalization of $222.88 billion, a P/E ratio of 25.35, a price-to-earnings-growth ratio of 1.80 and a beta of 1.56. The company’s 50-day moving average is $111.19 and its 200 day moving average is $106.29. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.61 and a current ratio of 0.67. The Walt Disney Company has a fifty-two week low of $80.10 and a fifty-two week high of $124.69.

Walt Disney (NYSE:DIS) last announced its quarterly earnings data on Wednesday, May 7th. The entertainment giant reported $1.45 EPS for the quarter, topping the consensus estimate of $1.21 by $0.24. Walt Disney had a net margin of 9.47% and a return on equity of 9.99%. The business had revenue of $23.62 billion for the quarter, compared to analyst estimates of $23.15 billion. During the same quarter in the previous year, the firm posted $1.21 earnings per share. The company’s revenue for the quarter was up 7.0% on a year-over-year basis. On average, equities research analysts forecast that The Walt Disney Company will post 5.47 earnings per share for the current year.

Analysts Set New Price Targets

Several research analysts have weighed in on DIS shares. Morgan Stanley upped their price objective on shares of Walt Disney from $110.00 to $120.00 and gave the stock an “overweight” rating in a report on Thursday, May 8th. Barclays upped their target price on shares of Walt Disney from $115.00 to $120.00 and gave the stock an “overweight” rating in a report on Thursday, May 8th. Rosenblatt Securities lifted their price target on Walt Disney from $135.00 to $140.00 and gave the company a “buy” rating in a research note on Tuesday, June 3rd. Guggenheim boosted their price objective on Walt Disney from $120.00 to $140.00 and gave the stock a “buy” rating in a report on Friday, June 27th. Finally, Loop Capital raised their target price on Walt Disney from $125.00 to $130.00 and gave the company a “buy” rating in a report on Tuesday, June 10th. Five equities research analysts have rated the stock with a hold rating, seventeen have issued a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $125.83.

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.