Goldstein Advisors LLC Sells 839 Shares of The Walt Disney Company (NYSE:DIS)

Goldstein Advisors LLC trimmed its holdings in The Walt Disney Company (NYSE:DIS) by 18.6% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,671 shares of the entertainment giant’s stock after selling 839 shares during the quarter. Goldstein Advisors LLC’s holdings in Walt Disney were worth $362,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Onefund LLC increased its holdings in shares of Walt Disney by 2.0% during the fourth quarter. Onefund LLC now owns 4,856 shares of the entertainment giant’s stock valued at $541,000 after acquiring an additional 93 shares in the last quarter. GPM Growth Investors Inc. increased its holdings in shares of Walt Disney by 4.3% during the fourth quarter. GPM Growth Investors Inc. now owns 2,342 shares of the entertainment giant’s stock valued at $261,000 after acquiring an additional 96 shares in the last quarter. Waterloo Capital L.P. increased its holdings in shares of Walt Disney by 3.2% during the fourth quarter. Waterloo Capital L.P. now owns 3,138 shares of the entertainment giant’s stock valued at $349,000 after acquiring an additional 97 shares in the last quarter. Quadrant Capital Group LLC increased its holdings in shares of Walt Disney by 0.4% during the fourth quarter. Quadrant Capital Group LLC now owns 22,658 shares of the entertainment giant’s stock valued at $2,523,000 after acquiring an additional 98 shares in the last quarter. Finally, Acorns Advisers LLC increased its holdings in shares of Walt Disney by 2.6% during the fourth quarter. Acorns Advisers LLC now owns 3,826 shares of the entertainment giant’s stock valued at $426,000 after acquiring an additional 98 shares in the last quarter. 65.71% of the stock is owned by institutional investors.

Insider Activity at Walt Disney

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

Wall Street Analyst Weigh In

Several research firms have recently commented on DIS. Barclays boosted their price objective on Walt Disney from $115.00 to $120.00 and gave the company an “overweight” rating in a report on Thursday, May 8th. Morgan Stanley lifted their target price on Walt Disney from $110.00 to $120.00 and gave the company an “overweight” rating in a research report on Thursday, May 8th. Rosenblatt Securities lifted their target price on Walt Disney from $135.00 to $140.00 and gave the company a “buy” rating in a research report on Tuesday, June 3rd. Loop Capital lifted their target price on Walt Disney from $125.00 to $130.00 and gave the company a “buy” rating in a research report on Tuesday, June 10th. Finally, Wolfe Research raised Walt Disney from a “peer perform” rating to an “outperform” rating and set a $112.00 target price on the stock in a research report on Monday, April 21st. Six analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, Walt Disney currently has a consensus rating of “Moderate Buy” and a consensus target price of $123.96.

Walt Disney Trading Up 0.7%

NYSE DIS opened at $119.53 on Thursday. The stock has a market capitalization of $214.89 billion, a price-to-earnings ratio of 24.44, a PEG ratio of 1.74 and a beta of 1.54. The Walt Disney Company has a one year low of $80.10 and a one year high of $120.50. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.67 and a quick ratio of 0.61. The business’s fifty day moving average is $106.76 and its 200-day moving average is $105.92.

Walt Disney (NYSE:DIS) last announced its quarterly earnings data on Wednesday, May 7th. The entertainment giant reported $1.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.21 by $0.24. Walt Disney had a return on equity of 9.99% and a net margin of 9.47%. The business had revenue of $23.62 billion for the quarter, compared to analysts’ expectations of $23.15 billion. During the same period in the previous year, the business posted $1.21 EPS. The firm’s quarterly revenue was up 7.0% compared to the same quarter last year. Equities research analysts predict that The Walt Disney Company will post 5.47 EPS for the current year.

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.