Peloton Wealth Strategists has recently reduced its position in The Walt Disney Company’s stock by 16.5%, according to the company’s latest Form 13F filing with the SEC. The fund previously owned a total of 12,630 shares and sold 2,500 shares during the fourth quarter, resulting in a remaining worth of $1,097,000 by March 31st.
The Walt Disney Co is an international media and family entertainment enterprise that operates through two segments: the Disney Media and Entertainment Distribution (DMED) and the Disney Parks, Experiences, and Products (DPEP). As part of the DMED segment, Walt Disney produces and distributes its global film and episodic television content.
Despite experts rating Walt Disney from “sell” to “overweight,” a recent report from StockNews.com assigned the company a “sell” rating after initiating coverage on May 18th. KeyCorp also reduced their price objective on Walt Disney from $120.00 to $107.00 while referring to it as “overweight.” Furthermore, Macquarie dropped their target price for the company by $22 to $103 after downgrading its rating from “outperform” to “neutral.”
Morgan Stanley raised their price goal for Walt Disney from $115 to $120 while issuing an “overweight” rating on May 8th. Meanwhile, JPMorgan Chase & Co initiated coverage with an “overweight” rating alongside a price objective of $135 per share.
Currently rated with a consensus of “Moderate Buy,” Bloomberg data shows that one research analyst has given Walt Disney a sell rating while three have granted them with hold ratings. Overall, sixteen analysts have offered buy ratings for the company stock at an average target price of $124 per share.
It remains unclear how Peloton’s reduction in share position amid mixed market ratings will impact future investments or stocks in either The Walt Disney Company or other holdings in the media category. However, investors will undoubtedly keep an eye on future developments in both Peloton and Walt Disney as a result of this news update.
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Investors Eyeing Walt Disney’s Growth Potential with Increasing Hedge Fund Activity
The investment world has been watching as a number of hedge funds and institutional investors have bought and sold shares of The Walt Disney Co. (NYSE:DIS). NewSquare Capital LLC took the most aggressive stance by increasing its position in the entertainment giant by a whopping 805.9%, owning 308 shares worth $27,000 after buying an additional 274 shares in the fourth quarter. Subsequently, TD Capital Management LLC purchased a new stake worth about $29,000 in Q3, while Luken Investment Analytics LLC and Worth Asset Management LLC both purchased new stakes in Q4 and Q1 respectively, also worth around $29,000 each. Finally, Koesten Hirschmann & Crabtree INC. bought a new stake in DIS in the fourth quarter for approximately $46,000.
The company reports that hedge funds and institutional investors now own 62.22% of Walt Disney’s stock.
On April 25th, EVP Brent Woodford sold 1,145 shares at an average price of $99.16 per share for a total of $113,538.20. Following this transaction, he directly owns 29,138 shares valued at approximately $2,889,324.08.
Walt Disney is an internationally-recognized diversified family entertainment and media enterprise operating through two segments: Disney Media and Entertainment Distribution (DMED), which encompasses global film and episodic television content production and distribution activities; and Disney Parks Experiences and Products (DPEP).
Shares of DIS traded up to $2.39 during mid-day trading on Friday June 4th hitting $90.98 but are still short of their fifty-two week high of $126.48 with a low-point seen over the past year as low as $84.07 indicating strong volatility surrounding this stock’s performance over the last year putting it in high demand among either speculative or bearish traders who are looking to invest heavily in possible gains from Disney’s future ventures.
According to analysts, the entertainment giant reported $0.93 earnings per share for the quarter on May 10th, which beat consensus estimates of $0.89 by $0.04. The company had a net margin of 4.74% and a return on equity of 6.41%. Disney generated revenue of $21.82 billion during the quarter, compared to an expected amount of $21.82 billion analytics suggested.
The Walt Disney Company is expected to post 3.89 earnings per share for the current year based on the recent performance predictions calculated by investment experts who closely follow its activities and performance within key markets.
