The Walt Disney Company (NYSE:DIS) Shares Sold by Gardner Lewis Asset Management L P

Gardner Lewis Asset Management L P lowered its position in shares of The Walt Disney Company (NYSE:DIS) by 60.0% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 15,970 shares of the entertainment giant’s stock after selling 23,975 shares during the quarter. Gardner Lewis Asset Management L P’s holdings in Walt Disney were worth $1,586,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Jennison Associates LLC acquired a new stake in shares of Walt Disney during the first quarter worth $1,490,492,000. Capital World Investors raised its stake in Walt Disney by 3,332.4% during the first quarter. Capital World Investors now owns 6,267,593 shares of the entertainment giant’s stock worth $766,903,000 after acquiring an additional 6,084,993 shares during the period. ValueAct Holdings L.P. bought a new position in Walt Disney in the fourth quarter worth about $459,245,000. Swedbank AB acquired a new position in Walt Disney in the first quarter valued at approximately $493,715,000. Finally, Ontario Teachers Pension Plan Board bought a new position in shares of Walt Disney during the first quarter valued at approximately $425,567,000. 65.71% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, Director Calvin Mcdonald bought 11,756 shares of the business’s stock in a transaction on Thursday, August 8th. The stock was purchased at an average price of $85.06 per share, with a total value of $999,965.36. Following the transaction, the director now directly owns 22,313 shares in the company, valued at $1,897,943.78. The acquisition was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 0.10% of the stock is owned by insiders.

Walt Disney Trading Up 1.1 %

Walt Disney stock opened at $92.89 on Wednesday. The Walt Disney Company has a one year low of $78.73 and a one year high of $123.74. The company’s fifty day moving average price is $90.86 and its two-hundred day moving average price is $102.22. The company has a market capitalization of $169.34 billion, a price-to-earnings ratio of 100.97, a PEG ratio of 1.31 and a beta of 1.40. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.72 and a quick ratio of 0.66.

Walt Disney (NYSE:DIS) last issued its quarterly earnings data on Wednesday, August 7th. The entertainment giant reported $1.39 earnings per share for the quarter, beating analysts’ consensus estimates of $1.20 by $0.19. The business had revenue of $23.20 billion for the quarter, compared to the consensus estimate of $23.08 billion. Walt Disney had a return on equity of 8.64% and a net margin of 5.30%. The firm’s revenue was up 3.9% compared to the same quarter last year. During the same period last year, the business earned $1.03 EPS. On average, analysts forecast that The Walt Disney Company will post 4.92 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the company. Needham & Company LLC reduced their price objective on Walt Disney from $145.00 to $110.00 and set a “buy” rating for the company in a research report on Thursday, August 8th. Morgan Stanley reduced their price target on shares of Walt Disney from $130.00 to $110.00 and set an “overweight” rating for the company in a report on Monday, August 5th. UBS Group dropped their price objective on shares of Walt Disney from $130.00 to $120.00 and set a “buy” rating on the stock in a report on Thursday, August 8th. Bank of America reduced their target price on shares of Walt Disney from $145.00 to $120.00 and set a “buy” rating for the company in a research note on Thursday, August 8th. Finally, Macquarie dropped their price target on shares of Walt Disney from $107.00 to $94.00 and set a “neutral” rating on the stock in a research note on Monday, August 12th. Three investment analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $117.95.

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.