McAdam LLC Reduces Stock Position in The Walt Disney Company $DIS

McAdam LLC lessened its stake in The Walt Disney Company (NYSE:DIS) by 5.8% in the second quarter, HoldingsChannel reports. The firm owned 4,384 shares of the entertainment giant’s stock after selling 269 shares during the period. McAdam LLC’s holdings in Walt Disney were worth $544,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in DIS. MJT & Associates Financial Advisory Group Inc. bought a new position in Walt Disney in the first quarter valued at about $26,000. Kessler Investment Group LLC grew its stake in shares of Walt Disney by 274.0% during the 1st quarter. Kessler Investment Group LLC now owns 273 shares of the entertainment giant’s stock valued at $27,000 after purchasing an additional 200 shares during the period. Copia Wealth Management purchased a new stake in shares of Walt Disney during the 4th quarter valued at about $36,000. First PREMIER Bank lifted its stake in shares of Walt Disney by 72.2% in the 1st quarter. First PREMIER Bank now owns 489 shares of the entertainment giant’s stock worth $48,000 after purchasing an additional 205 shares during the period. Finally, Capitol Family Office Inc. purchased a new position in shares of Walt Disney in the first quarter worth approximately $52,000. 65.71% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the stock. Loop Capital increased their price target on shares of Walt Disney from $125.00 to $130.00 and gave the stock a “buy” rating in a research report on Tuesday, June 10th. UBS Group raised their target price on Walt Disney from $120.00 to $138.00 and gave the stock a “buy” rating in a report on Wednesday, July 16th. Rosenblatt Securities boosted their price target on Walt Disney from $140.00 to $141.00 and gave the company a “buy” rating in a report on Monday, August 11th. Wall Street Zen cut Walt Disney from a “strong-buy” rating to a “buy” rating in a research report on Sunday, July 20th. Finally, Susquehanna reaffirmed a “neutral” rating on shares of Walt Disney in a research report on Monday, August 11th. One equities research analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating and eight have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $131.18.

Walt Disney Price Performance

Shares of NYSE:DIS opened at $112.95 on Friday. The firm has a market cap of $203.07 billion, a price-to-earnings ratio of 17.70, a P/E/G ratio of 1.64 and a beta of 1.55. The firm has a fifty day moving average price of $117.11 and a 200 day moving average price of $109.34. The Walt Disney Company has a fifty-two week low of $80.10 and a fifty-two 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.

Walt Disney (NYSE:DIS) last announced its quarterly earnings results on Wednesday, August 6th. The entertainment giant reported $1.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $23.69 billion. During the same period in the previous year, the firm posted $1.39 EPS. Walt Disney’s revenue for the quarter was up 2.1% compared to the same quarter last year. As a group, sell-side analysts expect that The Walt Disney Company will post 5.47 earnings per share for the current fiscal year.

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.