RiverPark Advisors LLC Sells 4,301 Shares of The Walt Disney Company (NYSE:DIS)

RiverPark Advisors LLC cut its stake in shares of The Walt Disney Company (NYSE:DIS) by 16.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 21,939 shares of the entertainment giant’s stock after selling 4,301 shares during the quarter. Walt Disney accounts for about 1.7% of RiverPark Advisors LLC’s portfolio, making the stock its 19th largest position. RiverPark Advisors LLC’s holdings in Walt Disney were worth $2,443,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Trek Financial LLC raised its holdings in Walt Disney by 479.9% in the 4th quarter. Trek Financial LLC now owns 36,320 shares of the entertainment giant’s stock valued at $4,044,000 after buying an additional 30,057 shares during the last quarter. Brookstone Capital Management increased its position in Walt Disney by 10.5% in the 4th quarter. Brookstone Capital Management now owns 140,883 shares of the entertainment giant’s stock valued at $15,687,000 after acquiring an additional 13,339 shares during the period. Greystone Financial Group LLC raised its stake in shares of Walt Disney by 13.3% during the fourth quarter. Greystone Financial Group LLC now owns 85,187 shares of the entertainment giant’s stock valued at $9,486,000 after acquiring an additional 9,967 shares during the last quarter. Avanza Fonder AB acquired a new position in shares of Walt Disney during the fourth quarter worth $15,125,000. Finally, FourThought Financial Partners LLC bought a new stake in shares of Walt Disney in the fourth quarter worth $446,000. 65.71% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the company. Rosenblatt Securities reaffirmed a “buy” rating and set a $135.00 target price on shares of Walt Disney in a report on Monday, February 10th. Wolfe Research raised Walt Disney from a “peer perform” rating to an “outperform” rating and set a $112.00 price objective on the stock in a research note on Monday. Redburn Atlantic raised shares of Walt Disney from a “neutral” rating to a “buy” rating and increased their target price for the company from $100.00 to $147.00 in a research report on Tuesday, January 7th. Barclays dropped their price target on shares of Walt Disney from $125.00 to $115.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 8th. Finally, Morgan Stanley increased their price objective on shares of Walt Disney from $125.00 to $130.00 and gave the stock an “overweight” rating in a research report on Thursday, February 6th. Six investment analysts have rated the stock with a hold rating, seventeen have issued a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $123.75.

Walt Disney Stock Performance

NYSE DIS opened at $87.28 on Thursday. The company has a current ratio of 0.68, a quick ratio of 0.62 and a debt-to-equity ratio of 0.36. The company has a fifty day simple moving average of $97.80 and a 200 day simple moving average of $104.20. The Walt Disney Company has a 12-month low of $80.10 and a 12-month high of $118.63. The company has a market cap of $157.79 billion, a P/E ratio of 28.43, a PEG ratio of 1.80 and a beta of 1.44.

Walt Disney (NYSE:DIS) last issued its quarterly earnings data on Wednesday, February 5th. The entertainment giant reported $1.76 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.44 by $0.32. Walt Disney had a net margin of 6.07% and a return on equity of 9.95%. Sell-side analysts predict that The Walt Disney Company will post 5.47 earnings per share for the current fiscal year.

Walt Disney 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.