Gordian Capital Singapore Pte Ltd Reduces Stock Position in The Walt Disney Company (NYSE:DIS)

Gordian Capital Singapore Pte Ltd decreased its position in The Walt Disney Company (NYSE:DIS) by 37.2% during the fourth quarter, Holdings Channel.com reports. The fund owned 1,011 shares of the entertainment giant’s stock after selling 600 shares during the quarter. Gordian Capital Singapore Pte Ltd’s holdings in Walt Disney were worth $112,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of DIS. Mpwm Advisory Solutions LLC bought a new position in Walt Disney during the 4th quarter valued at approximately $27,000. FPC Investment Advisory Inc. bought a new stake in shares of Walt Disney in the 4th quarter worth approximately $28,000. Tacita Capital Inc increased its stake in shares of Walt Disney by 93.2% during the fourth quarter. Tacita Capital Inc now owns 257 shares of the entertainment giant’s stock valued at $29,000 after buying an additional 124 shares during the period. Pilgrim Partners Asia Pte Ltd purchased a new position in shares of Walt Disney during the fourth quarter valued at approximately $32,000. Finally, Midwest Capital Advisors LLC bought a new position in shares of Walt Disney during the fourth quarter valued at approximately $34,000. 65.71% of the stock is currently owned by hedge funds and other institutional investors.

Walt Disney Stock Down 1.8%

DIS stock opened at $110.38 on Thursday. The stock has a market capitalization of $198.44 billion, a P/E ratio of 35.95, a P/E/G ratio of 1.80 and a beta of 1.49. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.68 and a quick ratio of 0.62. The Walt Disney Company has a 1-year low of $80.10 and a 1-year high of $118.63. The business has a fifty day moving average price of $95.44 and a 200-day moving average price of $105.05.

Walt Disney (NYSE:DIS) last issued its earnings results on Wednesday, May 7th. The entertainment giant reported $1.45 earnings per share for the quarter, topping analysts’ consensus estimates of $1.21 by $0.24. The business had revenue of $23.62 billion during the quarter, compared to analyst estimates of $23.15 billion. Walt Disney had a return on equity of 9.95% and a net margin of 6.07%. Walt Disney’s revenue was up 7.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.21 EPS. Equities analysts forecast that The Walt Disney Company will post 5.47 earnings per share for the current fiscal year.

Insider Activity

In other 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 transaction, the executive vice president now directly owns 46,831 shares of the company’s stock, valued at $5,190,748.04. This represents a 2.09% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.16% of the stock is owned by corporate insiders.

Analyst Ratings Changes

DIS has been the topic of several recent analyst reports. Prescient Securities cut their price target on shares of Walt Disney from $130.00 to $115.00 and set a “neutral” rating on the stock in a report on Tuesday, February 4th. Rosenblatt Securities restated a “buy” rating and issued a $135.00 price objective on shares of Walt Disney in a report on Monday, February 10th. Citigroup reaffirmed a “buy” rating and set a $125.00 target price on shares of Walt Disney in a research note on Wednesday, January 22nd. Loop Capital boosted their price target on shares of Walt Disney from $120.00 to $125.00 and gave the company a “buy” rating in a research report on Thursday, May 8th. Finally, Needham & Company LLC restated a “buy” rating and issued a $125.00 price objective on shares of Walt Disney in a report on Thursday, May 8th. Six research analysts have rated the stock with a hold rating, seventeen have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $123.54.

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.