AlphaCore Capital LLC Sells 8,538 Shares of The Walt Disney Company (NYSE:DIS)

AlphaCore Capital LLC decreased its holdings in shares of The Walt Disney Company (NYSE:DIS) by 65.0% in the 4th quarter, Holdings Channel reports. The fund owned 4,607 shares of the entertainment giant’s stock after selling 8,538 shares during the period. AlphaCore Capital LLC’s holdings in Walt Disney were worth $515,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of DIS. Mpwm Advisory Solutions LLC bought a new stake in shares of Walt Disney during the fourth quarter worth $27,000. FPC Investment Advisory Inc. bought a new stake in shares of Walt Disney during the fourth quarter worth $28,000. Tacita Capital Inc grew its stake in shares of Walt Disney by 93.2% during the fourth quarter. Tacita Capital Inc now owns 257 shares of the entertainment giant’s stock worth $29,000 after buying an additional 124 shares during the last quarter. Pilgrim Partners Asia Pte Ltd acquired a new stake in shares of Walt Disney during the fourth quarter valued at about $32,000. Finally, Midwest Capital Advisors LLC acquired a new stake in shares of Walt Disney during the fourth quarter valued at about $34,000. Institutional investors and hedge funds own 65.71% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. Rosenblatt Securities reissued a “buy” rating and set a $135.00 price target on shares of Walt Disney in a research note on Monday, February 10th. The Goldman Sachs Group raised their price target on shares of Walt Disney from $137.00 to $139.00 and gave the company a “buy” rating in a research note on Tuesday, February 4th. Wolfe Research raised shares of Walt Disney from a “peer perform” rating to an “outperform” rating and set a $112.00 price target for the company in a research note on Monday, April 21st. UBS Group increased their price target on Walt Disney from $105.00 to $120.00 and gave the company a “buy” rating in a research note on Thursday, May 8th. Finally, Guggenheim reduced their price objective on shares of Walt Disney from $130.00 to $120.00 and set a “buy” rating on the stock in a research note on Thursday, May 8th. Six analysts have rated the stock with a hold rating, seventeen have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $123.54.

Walt Disney Stock Down 1.3%

Shares of NYSE:DIS opened at $109.73 on Friday. The firm has a fifty day moving average price of $95.89 and a two-hundred day moving average price of $105.19. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.68 and a quick ratio of 0.62. The Walt Disney Company has a one year low of $80.10 and a one year high of $118.63. The company has a market cap of $197.27 billion, a price-to-earnings ratio of 35.74, a PEG ratio of 1.80 and a beta of 1.49.

Walt Disney (NYSE:DIS) last posted its quarterly earnings data on Wednesday, May 7th. The entertainment giant reported $1.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.21 by $0.24. The company had revenue of $23.62 billion during the quarter, compared to the consensus estimate of $23.15 billion. Walt Disney had a net margin of 6.07% and a return on equity of 9.95%. The firm’s revenue was up 7.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.21 EPS. Analysts anticipate that The Walt Disney Company will post 5.47 EPS for the current fiscal year.

Insider Buying and Selling

In related news, EVP Brent Woodford sold 1,000 shares of the stock in a transaction dated Tuesday, May 13th. The stock was sold at an average price of $110.84, for a total transaction of $110,840.00. Following the completion of the sale, the executive vice president now directly owns 46,831 shares in the company, valued at $5,190,748.04. This represents a 2.09% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.16% of the stock is owned by corporate insiders.

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.