TB Alternative Assets Ltd. Sells 14,900 Shares of The Walt Disney Company (NYSE:DIS)

TB Alternative Assets Ltd. cut its holdings in The Walt Disney Company (NYSE:DIS) by 5.5% during the 1st quarter, Holdings Channel reports. The firm owned 254,100 shares of the entertainment giant’s stock after selling 14,900 shares during the period. Walt Disney comprises approximately 7.8% of TB Alternative Assets Ltd.’s investment portfolio, making the stock its 4th biggest holding. TB Alternative Assets Ltd.’s holdings in Walt Disney were worth $31,092,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently bought and sold shares of the company. Avitas Wealth Management LLC boosted its position in Walt Disney by 2.2% during the fourth quarter. Avitas Wealth Management LLC now owns 11,037 shares of the entertainment giant’s stock worth $997,000 after acquiring an additional 238 shares during the last quarter. WNY Asset Management LLC raised its stake in Walt Disney by 32.8% during the third quarter. WNY Asset Management LLC now owns 9,321 shares of the entertainment giant’s stock worth $756,000 after purchasing an additional 2,304 shares during the period. Telos Capital Management Inc. raised its stake in Walt Disney by 1.7% during the fourth quarter. Telos Capital Management Inc. now owns 74,767 shares of the entertainment giant’s stock worth $6,751,000 after purchasing an additional 1,236 shares during the period. Howard Capital Management Group LLC raised its stake in Walt Disney by 1.8% during the fourth quarter. Howard Capital Management Group LLC now owns 213,601 shares of the entertainment giant’s stock worth $19,286,000 after purchasing an additional 3,716 shares during the period. Finally, Valmark Advisers Inc. raised its stake in Walt Disney by 4.9% during the fourth quarter. Valmark Advisers Inc. now owns 7,744 shares of the entertainment giant’s stock worth $699,000 after purchasing an additional 359 shares during the period. Institutional investors and hedge funds own 65.71% of the company’s stock.

Walt Disney Stock Down 0.0 %

DIS stock traded down $0.02 during mid-day trading on Wednesday, hitting $102.18. 9,539,046 shares of the company were exchanged, compared to its average volume of 11,426,847. The company has a market capitalization of $186.28 billion, a PE ratio of 111.07, a price-to-earnings-growth ratio of 1.27 and a beta of 1.40. The company has a current ratio of 0.75, a quick ratio of 0.69 and a debt-to-equity ratio of 0.38. The Walt Disney Company has a twelve month low of $78.73 and a twelve month high of $123.74. The firm has a fifty day simple moving average of $105.45 and a 200 day simple moving average of $104.55.

Walt Disney (NYSE:DIS) last announced its quarterly earnings data on Tuesday, May 7th. The entertainment giant reported $1.21 earnings per share for the quarter, topping the consensus estimate of $1.12 by $0.09. Walt Disney had a net margin of 1.90% and a return on equity of 8.37%. The company had revenue of $22.08 billion during the quarter, compared to analyst estimates of $22.12 billion. During the same period last year, the business earned $0.93 EPS. The firm’s revenue for the quarter was up 1.2% compared to the same quarter last year. On average, research analysts forecast that The Walt Disney Company will post 4.75 earnings per share for the current fiscal year.

Insider Activity

In related news, EVP Sonia L. Coleman sold 4,400 shares of Walt Disney stock in a transaction dated Thursday, May 9th. The shares were sold at an average price of $106.00, for a total value of $466,400.00. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 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 shares were sold at an average price of $106.00, for a total transaction of $466,400.00. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Sonia L. Coleman sold 1,857 shares of the business’s stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $121.92, for a total transaction of $226,405.44. Following the sale, the executive vice president now owns 4,400 shares in the company, valued at $536,448. The disclosure for this sale can be found here. Company insiders own 0.10% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have weighed in on DIS. Barclays cut their price target on shares of Walt Disney from $135.00 to $130.00 and set an “overweight” rating on the stock in a research note on Wednesday, May 8th. Redburn Atlantic raised shares of Walt Disney from a “sell” rating to a “neutral” rating and set a $100.00 price target on the stock in a research note on Tuesday, May 21st. JPMorgan Chase & Co. began coverage on shares of Walt Disney in a research note on Thursday, April 11th. They issued an “overweight” rating and a $140.00 target price on the stock. The Goldman Sachs Group began coverage on shares of Walt Disney in a research note on Tuesday. They issued a “buy” rating and a $125.00 target price on the stock. Finally, Evercore ISI cut their target price on shares of Walt Disney from $130.00 to $128.00 and set an “outperform” rating on the stock in a research note on Wednesday, May 8th. One analyst has rated the stock with a sell rating, three have given a hold rating and twenty-two have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $126.50.

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.