Mutual Advisors LLC Sells 11,565 Shares of The Walt Disney Company $DIS

Mutual Advisors LLC lessened its position in shares of The Walt Disney Company (NYSE:DIS) by 14.1% in the 2nd quarter, HoldingsChannel reports. The fund owned 70,369 shares of the entertainment giant’s stock after selling 11,565 shares during the period. Mutual Advisors LLC’s holdings in Walt Disney were worth $8,548,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. DiNuzzo Private Wealth Inc. grew 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 worth $26,000 after buying an additional 94 shares during the last quarter. MJT & Associates Financial Advisory Group Inc. acquired a new stake in Walt Disney in the first quarter worth about $26,000. Kessler Investment Group LLC grew its stake in shares of Walt Disney by 274.0% during the first 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. RMG Wealth Management LLC purchased a new stake in shares of Walt Disney during the second quarter worth about $49,000. Finally, Wolff Wiese Magana LLC increased its holdings in shares of Walt Disney by 41.5% during the second quarter. Wolff Wiese Magana LLC now owns 460 shares of the entertainment giant’s stock valued at $57,000 after acquiring an additional 135 shares in the last quarter. Hedge funds and other institutional investors own 65.71% of the company’s stock.

Walt Disney Trading Up 0.8%

NYSE DIS opened at $111.12 on Wednesday. The Walt Disney Company has a 1 year low of $80.10 and a 1 year 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 company has a market capitalization of $199.79 billion, a PE ratio of 17.42, a P/E/G ratio of 1.45 and a beta of 1.54. The company has a fifty day moving average of $115.03 and a 200 day moving average of $110.57.

Walt Disney (NYSE:DIS) last released its quarterly earnings data on Wednesday, August 6th. The entertainment giant reported $1.61 earnings per share for the quarter, beating 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 business had revenue of $23.65 billion during the quarter, compared to analyst estimates of $23.69 billion. During the same quarter last year, the business posted $1.39 EPS. The company’s revenue was up 2.1% on a year-over-year basis. Research analysts forecast that The Walt Disney Company will post 5.47 earnings per share for the current year.

Analysts Set New Price Targets

DIS has been the subject of a number of recent analyst reports. Keefe, Bruyette & Woods reiterated a “market perform” rating on shares of Walt Disney in a research note on Monday, August 11th. Susquehanna reiterated a “neutral” rating on shares of Walt Disney in a research note on Monday, August 11th. Jefferies Financial Group downgraded Walt Disney from a “strong-buy” rating to a “hold” rating in a research report on Monday, August 11th. Wall Street Zen lowered Walt Disney from a “buy” rating to a “hold” rating in a research note on Friday, October 3rd. Finally, Rosenblatt Securities boosted their price target on Walt Disney from $140.00 to $141.00 and gave the company a “buy” rating in a research note on Monday, August 11th. Nineteen research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. According to data from MarketBeat.com, Walt Disney currently has an average rating of “Moderate Buy” and a consensus target price of $131.18.

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.