Park Place Capital Corp Trims Holdings in The Walt Disney Company (NYSE:DIS)

Park Place Capital Corp decreased its position in shares of The Walt Disney Company (NYSE:DIS) by 5.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,004 shares of the entertainment giant’s stock after selling 124 shares during the quarter. Park Place Capital Corp’s holdings in Walt Disney were worth $199,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in DIS. Norges Bank acquired a new stake in shares of Walt Disney in the fourth quarter worth approximately $1,938,647,000. Jennison Associates LLC purchased a new stake in Walt Disney in the first quarter valued at $1,490,492,000. Capital World Investors raised its holdings in shares of Walt Disney by 3,332.4% in the 1st quarter. Capital World Investors now owns 6,267,593 shares of the entertainment giant’s stock valued at $766,903,000 after buying an additional 6,084,993 shares during the period. ValueAct Holdings L.P. purchased a new stake in shares of Walt Disney in the 4th quarter valued at $459,245,000. Finally, Swedbank AB acquired a new position in Walt Disney during the 1st quarter worth $493,715,000. Institutional investors own 65.71% of the company’s stock.

Walt Disney Price Performance

Walt Disney stock traded down $0.68 during mid-day trading on Monday, hitting $88.89. 11,025,108 shares of the company were exchanged, compared to its average volume of 11,333,308. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.75 and a quick ratio of 0.69. The business’s 50 day simple moving average is $98.39 and its two-hundred day simple moving average is $105.44. The company has a market capitalization of $162.05 billion, a P/E ratio of 97.00, a PEG ratio of 1.15 and a beta of 1.40. The Walt Disney Company has a 12-month low of $78.73 and a 12-month high of $123.74.

Walt Disney (NYSE:DIS) last announced its quarterly earnings data on Tuesday, May 7th. The entertainment giant reported $1.21 EPS for the quarter, beating analysts’ consensus estimates of $1.12 by $0.09. The business had revenue of $22.08 billion during the quarter, compared to the consensus estimate of $22.12 billion. Walt Disney had a return on equity of 8.37% and a net margin of 1.90%. The business’s revenue for the quarter was up 1.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.93 earnings per share. Analysts forecast that The Walt Disney Company will post 4.77 earnings per share for the current fiscal year.

Insider Activity at Walt Disney

In related news, EVP Sonia L. Coleman sold 4,400 shares of Walt Disney stock in a transaction on Thursday, May 9th. The stock was sold at an average price of $106.00, for a total value of $466,400.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other Walt Disney news, EVP Sonia L. Coleman sold 4,400 shares of the business’s stock in a transaction dated Thursday, May 9th. The stock was sold at an average price of $106.00, for a total transaction of $466,400.00. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director James P. Gorman acquired 20,000 shares of Walt Disney stock in a transaction on Wednesday, May 8th. The shares were bought at an average price of $106.03 per share, for a total transaction of $2,120,600.00. Following the purchase, the director now owns 20,467 shares of the company’s stock, valued at $2,170,116.01. The disclosure for this purchase can be found here. 0.10% of the stock is owned by insiders.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the company. Redburn Atlantic raised Walt Disney from a “sell” rating to a “neutral” rating and set a $100.00 price objective for the company in a research report on Tuesday, May 21st. Wells Fargo & Company upped their target price on Walt Disney from $128.00 to $141.00 and gave the company an “overweight” rating in a research report on Tuesday, April 23rd. Barclays decreased their target price on Walt Disney from $135.00 to $130.00 and set an “overweight” rating for the company in a research report on Wednesday, May 8th. Deutsche Bank Aktiengesellschaft upped their target price on Walt Disney from $125.00 to $130.00 and gave the company a “buy” rating in a research report on Monday, May 6th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $145.00 target price on shares of Walt Disney in a research report on Wednesday, July 3rd. Three equities research analysts have rated the stock with a hold rating and twenty-three have given a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $127.08.

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.