Flagship Harbor Advisors LLC lowered its position in shares of The Walt Disney Company (NYSE:DIS – Free Report) by 7.3% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 29,705 shares of the entertainment giant’s stock after selling 2,350 shares during the quarter. Flagship Harbor Advisors LLC’s holdings in Walt Disney were worth $2,652,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in DIS. Wealth Advisory Solutions LLC grew its stake in shares of Walt Disney by 1.6% during the fourth quarter. Wealth Advisory Solutions LLC now owns 5,981 shares of the entertainment giant’s stock valued at $520,000 after buying an additional 94 shares during the last quarter. Compton Capital Management Inc. RI boosted its holdings in Walt Disney by 0.5% during the 1st quarter. Compton Capital Management Inc. RI now owns 20,689 shares of the entertainment giant’s stock valued at $2,838,000 after acquiring an additional 100 shares during the period. Carolinas Wealth Consulting LLC grew its position in Walt Disney by 2.9% during the 1st quarter. Carolinas Wealth Consulting LLC now owns 3,575 shares of the entertainment giant’s stock worth $490,000 after acquiring an additional 100 shares during the last quarter. Alterna Wealth Management Inc. increased its stake in Walt Disney by 4.4% in the 4th quarter. Alterna Wealth Management Inc. now owns 2,387 shares of the entertainment giant’s stock worth $207,000 after purchasing an additional 100 shares during the period. Finally, Trifecta Capital Advisors LLC boosted its stake in shares of Walt Disney by 3.0% during the first quarter. Trifecta Capital Advisors LLC now owns 3,479 shares of the entertainment giant’s stock valued at $348,000 after purchasing an additional 100 shares during the period. 61.17% of the stock is owned by institutional investors.
Analysts Set New Price Targets
Several brokerages have recently commented on DIS. Wells Fargo & Company lowered their price objective on shares of Walt Disney from $146.00 to $110.00 and set an “overweight” rating for the company in a research note on Tuesday, September 5th. Loop Capital reduced their target price on Walt Disney from $120.00 to $110.00 in a research note on Monday, June 26th. KeyCorp dropped their price target on Walt Disney from $120.00 to $107.00 and set an “overweight” rating for the company in a research note on Thursday, May 25th. Evercore ISI reduced their price objective on shares of Walt Disney from $130.00 to $110.00 and set an “outperform” rating on the stock in a research report on Monday, July 24th. Finally, Citigroup dropped their target price on shares of Walt Disney from $125.00 to $120.00 and set a “buy” rating for the company in a research report on Wednesday, August 16th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and eighteen have issued a buy rating to the stock. Based on data from MarketBeat, Walt Disney has a consensus rating of “Moderate Buy” and an average target price of $114.58.
Walt Disney Trading Up 1.3 %
Shares of Walt Disney stock opened at $85.58 on Monday. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.07 and a quick ratio of 1.00. The stock has a market capitalization of $156.59 billion, a PE ratio of 69.58, a P/E/G ratio of 1.68 and a beta of 1.28. The Walt Disney Company has a 1-year low of $79.75 and a 1-year high of $118.18. The company’s fifty day simple moving average is $85.78 and its 200-day simple moving average is $91.59.
Walt Disney (NYSE:DIS – Get Free Report) last released its quarterly earnings results on Wednesday, August 9th. The entertainment giant reported $1.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.99 by $0.04. Walt Disney had a return on equity of 6.45% and a net margin of 2.56%. The business had revenue of $22.33 billion during the quarter, compared to analyst estimates of $22.50 billion. During the same quarter in the previous year, the company posted $1.09 earnings per share. Walt Disney’s revenue for the quarter was up 3.8% on a year-over-year basis. As a group, equities analysts anticipate that The Walt Disney Company will post 3.68 earnings per share for the current year.
Insiders Place Their Bets
In related news, EVP Sonia L. Coleman sold 959 shares of Walt Disney stock in a transaction on Tuesday, August 1st. The shares were sold at an average price of $89.05, for a total transaction of $85,398.95. Following the transaction, the executive vice president now owns 961 shares in the company, valued at approximately $85,577.05. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 0.10% of the company’s stock.
Walt Disney Company Profile
The Walt Disney Company, together with its subsidiaries, operates as an entertainment company worldwide. It operates through two segments, Disney Media and Entertainment Distribution; and Disney Parks, Experiences and Products. The company engages in the film and episodic television content production and distribution activities, as well as operates television networks under the ABC, Disney, ESPN, Freeform, FX, Fox, National Geographic, and Star brands; and studios that produces films under the Walt Disney Pictures, Twentieth Century Studios, Marvel, Lucasfilm, Pixar, and Searchlight Pictures banners.
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