The Walt Disney Company (NYSE:DIS) Shares Sold by Bard Financial Services Inc.

Bard Financial Services Inc. trimmed its holdings in shares of The Walt Disney Company (NYSE:DIS) by 5.2% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 41,495 shares of the entertainment giant’s stock after selling 2,285 shares during the period. Bard Financial Services Inc.’s holdings in Walt Disney were worth $3,705,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Dark Forest Capital Management LP bought a new stake in shares of Walt Disney during the first quarter valued at approximately $28,000. Worth Asset Management LLC acquired a new position in shares of Walt Disney during the first quarter valued at $29,000. MBM Wealth Consultants LLC boosted its holdings in shares of Walt Disney by 197.6% in the fourth quarter. MBM Wealth Consultants LLC now owns 366 shares of the entertainment giant’s stock valued at $33,000 after acquiring an additional 243 shares in the last quarter. Silicon Valley Capital Partners bought a new position in shares of Walt Disney in the fourth quarter valued at approximately $35,000. Finally, Fortis Capital Advisors LLC bought a new position in shares of Walt Disney in the fourth quarter valued at approximately $39,000. 61.17% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, EVP Sonia L. Coleman sold 959 shares of Walt Disney stock in a transaction that occurred on Tuesday, August 1st. The shares were sold at an average price of $89.05, for a total value of $85,398.95. Following the completion of the transaction, the executive vice president now owns 961 shares in the company, valued at $85,577.05. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.10% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on DIS. Raymond James initiated coverage on shares of Walt Disney in a report on Monday. They issued an “outperform” rating and a $97.00 price objective for the company. Atlantic Securities lowered Walt Disney from a “neutral” rating to an “underweight” rating and cut their price objective for the company from $113.00 to $76.00 in a report on Tuesday, July 25th. KeyCorp dropped their target price on shares of Walt Disney from $120.00 to $107.00 and set an “overweight” rating on the stock in a report on Thursday, May 25th. Morgan Stanley dropped their target price on shares of Walt Disney from $110.00 to $105.00 and set an “overweight” rating on the stock in a report on Wednesday, July 26th. Finally, Deutsche Bank Aktiengesellschaft dropped their target price on shares of Walt Disney from $131.00 to $120.00 in a report on Tuesday, August 8th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and eighteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $114.58.

Walt Disney Stock Performance

NYSE DIS 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 firm has a market capitalization of $156.59 billion, a price-to-earnings ratio of 69.58, a P/E/G ratio of 1.68 and a beta of 1.28. The company’s fifty day moving average is $85.78 and its two-hundred day moving average is $91.59. The Walt Disney Company has a 52-week low of $79.75 and a 52-week high of $118.18.

Walt Disney (NYSE:DIS) last announced its quarterly earnings data on Wednesday, August 9th. The entertainment giant reported $1.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.99 by $0.04. Walt Disney had a net margin of 2.56% and a return on equity of 6.45%. The company had revenue of $22.33 billion during the quarter, compared to analysts’ expectations of $22.50 billion. During the same quarter in the prior year, the company posted $1.09 EPS. The business’s revenue was up 3.8% on a year-over-year basis. Equities research analysts forecast that The Walt Disney Company will post 3.68 EPS for the current year.

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.