Main Street Group LTD Has $391,000 Position in The Walt Disney Company (NYSE:DIS)

Main Street Group LTD lessened its holdings in The Walt Disney Company (NYSE:DIS) by 9.9% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,513 shares of the entertainment giant’s stock after selling 384 shares during the period. Main Street Group LTD’s holdings in Walt Disney were worth $391,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Salem Investment Counselors Inc. raised its position in Walt Disney by 6.0% in the 4th quarter. Salem Investment Counselors Inc. now owns 13,801 shares of the entertainment giant’s stock worth $1,542,000 after purchasing an additional 778 shares during the last quarter. Friedenthal Financial acquired a new stake in shares of Walt Disney in the 4th quarter valued at $49,000. Courier Capital LLC raised its position in shares of Walt Disney by 0.9% during the fourth quarter. Courier Capital LLC now owns 46,064 shares of the entertainment giant’s stock worth $5,129,000 after acquiring an additional 401 shares during the last quarter. Signet Financial Management LLC lifted its stake in shares of Walt Disney by 40.2% during the fourth quarter. Signet Financial Management LLC now owns 2,965 shares of the entertainment giant’s stock valued at $330,000 after acquiring an additional 850 shares during the period. Finally, AdvisorNet Financial Inc boosted its holdings in Walt Disney by 19.0% in the fourth quarter. AdvisorNet Financial Inc now owns 6,426 shares of the entertainment giant’s stock valued at $716,000 after acquiring an additional 1,024 shares during the last quarter. Institutional investors and hedge funds own 65.71% of the company’s stock.

Walt Disney Stock Performance

NYSE:DIS opened at $111.40 on Wednesday. The company has a market cap of $200.27 billion, a price-to-earnings ratio of 36.29, a PEG ratio of 1.80 and a beta of 1.49. The Walt Disney Company has a fifty-two week low of $80.10 and a fifty-two week high of $118.63. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.62 and a current ratio of 0.68. The stock has a fifty day moving average price of $94.01 and a 200-day moving average price of $104.44.

Walt Disney (NYSE:DIS) last posted its quarterly earnings data on Wednesday, May 7th. The entertainment giant reported $1.45 earnings per share for the quarter, topping the consensus estimate of $1.21 by $0.24. The business had revenue of $23.62 billion during the quarter, compared to analysts’ expectations of $23.15 billion. Walt Disney had a net margin of 6.07% and a return on equity of 9.95%. Walt Disney’s revenue was up 7.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.21 earnings per share. As a group, equities analysts anticipate that The Walt Disney Company will post 5.47 EPS for the current fiscal year.

Insider Buying and Selling

In other Walt Disney news, EVP Brent Woodford sold 1,000 shares of the firm’s stock in a transaction on Tuesday, May 13th. The stock was sold at an average price of $110.84, for a total value of $110,840.00. Following the sale, the executive vice president now owns 46,831 shares of the company’s stock, valued at approximately $5,190,748.04. This trade represents a 2.09% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.16% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

DIS has been the subject of a number of recent research reports. Needham & Company LLC reissued a “buy” rating and set a $125.00 price target on shares of Walt Disney in a research note on Thursday, May 8th. Citigroup reiterated a “buy” rating and set a $125.00 target price on shares of Walt Disney in a research report on Wednesday, January 22nd. The Goldman Sachs Group lifted their price objective on Walt Disney from $137.00 to $139.00 and gave the stock a “buy” rating in a research note on Tuesday, February 4th. Barclays boosted their target price on Walt Disney from $115.00 to $120.00 and gave the stock an “overweight” rating in a research report on Thursday, May 8th. Finally, Wolfe Research upgraded shares of Walt Disney from a “peer perform” rating to an “outperform” rating and set a $112.00 price target on the stock in a research report on Monday, April 21st. Six research analysts have rated the stock with a hold rating, seventeen have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, Walt Disney presently has an average rating of “Moderate Buy” and an average target price of $123.54.

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.