Bard Financial Services Inc. Sells 1,210 Shares of The Walt Disney Company $DIS

Bard Financial Services Inc. trimmed its position in shares of The Walt Disney Company (NYSE:DIS) by 9.0% during the second quarter, HoldingsChannel reports. The institutional investor owned 12,175 shares of the entertainment giant’s stock after selling 1,210 shares during the period. Bard Financial Services Inc.’s holdings in Walt Disney were worth $1,510,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the company. Brighton Jones LLC raised its holdings in shares of Walt Disney by 7.7% during the 4th quarter. Brighton Jones LLC now owns 26,767 shares of the entertainment giant’s stock worth $2,980,000 after buying an additional 1,904 shares in the last quarter. Thornburg Investment Management Inc. lifted its holdings in shares of Walt Disney by 15.2% in the fourth quarter. Thornburg Investment Management Inc. now owns 43,016 shares of the entertainment giant’s stock worth $4,790,000 after acquiring an additional 5,668 shares during the last quarter. Tang Capital Management LLC boosted its stake in shares of Walt Disney by 48.2% in the 4th quarter. Tang Capital Management LLC now owns 13,095 shares of the entertainment giant’s stock valued at $1,458,000 after purchasing an additional 4,261 shares in the last quarter. Stonebrook Private Inc. bought a new stake in shares of Walt Disney during the 4th quarter valued at approximately $219,000. Finally, State of Wyoming increased its position in Walt Disney by 443.6% during the 4th quarter. State of Wyoming now owns 5,414 shares of the entertainment giant’s stock worth $603,000 after purchasing an additional 4,418 shares in the last quarter. 65.71% of the stock is owned by institutional investors.

Walt Disney Stock Down 0.9%

Walt Disney stock opened at $116.02 on Monday. The firm has a market cap of $208.60 billion, a price-to-earnings ratio of 18.18, a PEG ratio of 1.68 and a beta of 1.55. The Walt Disney Company has a 52-week low of $80.10 and a 52-week high of $124.69. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.66 and a current ratio of 0.72. The firm has a 50 day moving average price of $118.34 and a two-hundred day moving average price of $108.99.

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

Analysts Set New Price Targets

DIS has been the subject of several research analyst reports. UBS Group upped their price target on shares of Walt Disney from $120.00 to $138.00 and gave the stock a “buy” rating in a report on Wednesday, July 16th. Chardan Capital reiterated a “buy” rating on shares of Walt Disney in a research report on Monday, August 11th. Morgan Stanley boosted their price target on Walt Disney from $120.00 to $140.00 and gave the stock an “overweight” rating in a report on Monday, August 4th. Rosenblatt Securities upped their price objective on Walt Disney from $140.00 to $141.00 and gave the company a “buy” rating in a research note on Monday, August 11th. Finally, Evercore ISI boosted their target price on shares of Walt Disney from $134.00 to $140.00 and gave the stock an “outperform” rating in a report on Monday, August 4th. One equities research analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and eight have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $131.18.

Walt Disney 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.