Simon Quick Advisors LLC Cuts Stake in The Walt Disney Company (NYSE:DIS)

Simon Quick Advisors LLC cut its stake in The Walt Disney Company (NYSE:DISGet Rating) by 41.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,254 shares of the entertainment giant’s stock after selling 2,289 shares during the quarter. Simon Quick Advisors LLC’s holdings in Walt Disney were worth $504,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. MFA Wealth Advisors LLC increased its position in shares of Walt Disney by 15,362.6% during the third quarter. MFA Wealth Advisors LLC now owns 3,170,599 shares of the entertainment giant’s stock worth $3,370,000 after acquiring an additional 3,150,094 shares during the last quarter. Morgan Stanley increased its position in shares of Walt Disney by 8.0% during the third quarter. Morgan Stanley now owns 35,294,697 shares of the entertainment giant’s stock worth $5,970,803,000 after acquiring an additional 2,628,220 shares during the last quarter. Janus Henderson Group PLC increased its position in shares of Walt Disney by 41.6% during the third quarter. Janus Henderson Group PLC now owns 8,281,827 shares of the entertainment giant’s stock worth $1,401,029,000 after acquiring an additional 2,432,759 shares during the last quarter. Crake Asset Management LLP increased its position in shares of Walt Disney by 1,733.1% during the third quarter. Crake Asset Management LLP now owns 1,525,172 shares of the entertainment giant’s stock worth $258,013,000 after acquiring an additional 1,441,972 shares during the last quarter. Finally, UBS Asset Management Americas Inc. increased its position in shares of Walt Disney by 13.2% during the third quarter. UBS Asset Management Americas Inc. now owns 10,694,019 shares of the entertainment giant’s stock worth $1,809,107,000 after acquiring an additional 1,247,212 shares during the last quarter. 63.65% of the stock is currently owned by institutional investors.

A number of brokerages have recently issued reports on DIS. Guggenheim lifted their target price on Walt Disney from $165.00 to $172.00 and gave the stock a “neutral” rating in a research report on Thursday, February 10th. Moffett Nathanson decreased their price target on Walt Disney from $165.00 to $150.00 and set a “neutral” rating for the company in a research note on Monday, March 7th. JPMorgan Chase & Co. decreased their price target on Walt Disney from $200.00 to $175.00 and set an “overweight” rating for the company in a research note on Tuesday, April 19th. Evercore ISI decreased their price target on Walt Disney from $200.00 to $190.00 and set an “outperform” rating for the company in a research note on Thursday, February 10th. Finally, Truist Financial decreased their price target on Walt Disney from $200.00 to $160.00 and set a “buy” rating for the company in a research note on Wednesday, March 16th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and seventeen have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of $185.04.

NYSE:DIS traded down $3.66 during trading hours on Friday, reaching $111.63. The company’s stock had a trading volume of 16,907,020 shares, compared to its average volume of 12,333,414. The company has a market cap of $203.24 billion, a price-to-earnings ratio of 66.45, a price-to-earnings-growth ratio of 1.12 and a beta of 1.15. The Walt Disney Company has a one year low of $111.36 and a one year high of $189.22. The business’s 50-day moving average is $134.49 and its 200-day moving average is $148.34. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.10 and a quick ratio of 1.05.

Walt Disney (NYSE:DISGet Rating) last issued its quarterly earnings data on Wednesday, February 9th. The entertainment giant reported $1.06 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.57 by $0.49. The firm had revenue of $21.82 billion during the quarter, compared to analysts’ expectations of $21.20 billion. Walt Disney had a net margin of 4.22% and a return on equity of 6.26%. During the same period in the prior year, the company posted $0.32 earnings per share. On average, sell-side analysts predict that The Walt Disney Company will post 4.49 EPS for the current fiscal year.

In other Walt Disney news, EVP Brent Woodford sold 226 shares of the business’s stock in a transaction on Thursday, March 10th. The shares were sold at an average price of $132.50, for a total transaction of $29,945.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.10% of the stock is owned by insiders.

Walt Disney Company Profile (Get Rating)

The Walt Disney Company, together with its subsidiaries, operates as an entertainment company worldwide. It operates through two segments, Disney Media and Entertainment Distribution; and Disney Parks, Experiences and Products. The company engages in the film and episodic television content production and distribution activities, as well as operates television broadcast networks under the ABC, Disney, ESPN, Freeform, FX, Fox, National Geographic, and Star brands; and studios that produces motion pictures under the Walt Disney Pictures, Twentieth Century Studios, Marvel, Lucasfilm, Pixar, and Searchlight Pictures banners.

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

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