Rep. Laura Friedman Sells The Walt Disney Company (NYSE:DIS) Stock

Representative Laura Friedman (D-California) recently sold shares of The Walt Disney Company (NYSE:DIS). In a filing disclosed on September 09th, the Representative disclosed that they had sold between $1,001 and $15,000 in Walt Disney stock on August 26th. The trade occurred in the Representative’s “FIDELITY ROTH IRA” account.

Walt Disney Price Performance

Walt Disney stock opened at $115.91 on Thursday. The Walt Disney Company has a 12 month low of $80.10 and a 12 month high of $124.69. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.72 and a quick ratio of 0.66. The business has a 50 day simple moving average of $118.64 and a 200-day simple moving average of $108.95. The stock has a market capitalization of $208.40 billion, a PE ratio of 18.17, a price-to-earnings-growth ratio of 1.70 and a beta of 1.55.

Walt Disney (NYSE:DIS) last announced its quarterly earnings data on Wednesday, August 6th. The entertainment giant reported $1.61 earnings per share for the quarter, topping analysts’ consensus estimates of $1.45 by $0.16. Walt Disney had a return on equity of 9.67% and a net margin of 12.22%.The firm had revenue of $23.65 billion for the quarter, compared to analyst estimates of $23.69 billion. During the same quarter in the prior year, the company posted $1.39 earnings per share. Walt Disney’s quarterly revenue was up 2.1% on a year-over-year basis. Equities analysts predict that The Walt Disney Company will post 5.47 earnings per share for the current year.

Institutional Trading of Walt Disney

Hedge funds have recently added to or reduced their stakes in the business. DiNuzzo Private Wealth Inc. raised its stake in Walt Disney by 82.5% during the 2nd quarter. DiNuzzo Private Wealth Inc. now owns 208 shares of the entertainment giant’s stock valued at $26,000 after acquiring an additional 94 shares in the last quarter. Mpwm Advisory Solutions LLC bought a new stake in shares of Walt Disney in the 4th quarter worth $27,000. MJT & Associates Financial Advisory Group Inc. acquired a new position in shares of Walt Disney in the 1st quarter worth $26,000. Kessler Investment Group LLC grew its holdings in shares of Walt Disney by 274.0% in the 1st quarter. Kessler Investment Group LLC now owns 273 shares of the entertainment giant’s stock worth $27,000 after acquiring an additional 200 shares during the last quarter. Finally, Harbor Asset Planning Inc. acquired a new position in shares of Walt Disney in the 2nd quarter worth $37,000. Institutional investors own 65.71% of the company’s stock.

Analysts Set New Price Targets

Several analysts have weighed in on the company. Guggenheim upped their target price on Walt Disney from $120.00 to $140.00 and gave the company a “buy” rating in a report on Friday, June 27th. Chardan Capital reiterated a “buy” rating on shares of Walt Disney in a research report on Monday, August 11th. Rosenblatt Securities increased their target price on Walt Disney from $140.00 to $141.00 and gave the stock a “buy” rating in a research report on Monday, August 11th. Jefferies Financial Group downgraded Walt Disney from a “strong-buy” rating to a “hold” rating in a report on Monday, August 11th. Finally, Susquehanna reiterated a “neutral” rating on shares of Walt Disney in a research note on Monday, August 11th. One research analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and eight have given a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $131.18.

About Representative Friedman

Laura Friedman (Democratic Party) is a member of the U.S. House, representing California’s 30th Congressional District. She assumed office on January 3, 2025. Her current term ends on January 3, 2027.

Friedman (Democratic Party) is running for re-election to the U.S. House to represent California’s 30th Congressional District. She declared candidacy for the 2026 election.

Laura Friedman was born in New York and lives in Glendale, California. Friedman earned a B.A. from the University of Rochester, New York, in 1988. Her career experience includes working as a producer and head of development in the entertainment industry and as a small business owner selling antiques and decorative arts. Friedman served on the board of directors of the Metropolitan Water District of Southern California, as past president of the Independent Cities Association, as a board member of the Southern California Association of Governments, and on the Glendale Design Review Board. She was elected to the Glendale City Council in 2009 and re-elected in 2013. She served as mayor of Glendale from 2011 to 2012.

About Walt Disney

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.