Profund Advisors LLC Sells 4,433 Shares of The Walt Disney Company $DIS

Profund Advisors LLC reduced its holdings in shares of The Walt Disney Company (NYSE:DIS) by 16.3% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 22,833 shares of the entertainment giant’s stock after selling 4,433 shares during the period. Profund Advisors LLC’s holdings in Walt Disney were worth $2,832,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. DiNuzzo Private Wealth Inc. raised its stake in shares of Walt Disney by 82.5% in the second 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 during the period. MJT & Associates Financial Advisory Group Inc. purchased a new position in shares of Walt Disney during the first quarter valued at approximately $26,000. Harbor Asset Planning Inc. bought a new position in shares of Walt Disney during the second quarter valued at approximately $37,000. RMG Wealth Management LLC bought a new stake in shares of Walt Disney during the second quarter worth $49,000. Finally, Legacy Investment Solutions LLC purchased a new stake in Walt Disney during the second quarter worth $53,000. Institutional investors own 65.71% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on DIS. Raymond James Financial reissued a “neutral” rating on shares of Walt Disney in a research report on Monday, August 11th. Evercore ISI raised their target price on Walt Disney from $134.00 to $140.00 and gave the stock an “outperform” rating in a report on Monday, August 4th. Chardan Capital restated a “buy” rating on shares of Walt Disney in a research note on Monday, August 11th. Weiss Ratings reissued a “hold (c+)” rating on shares of Walt Disney in a research note on Wednesday, October 8th. Finally, Wall Street Zen lowered shares of Walt Disney from a “buy” rating to a “hold” rating in a report on Friday, October 3rd. Nineteen equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Walt Disney presently has an average rating of “Moderate Buy” and a consensus target price of $132.90.

Walt Disney Price Performance

Shares of NYSE DIS opened at $110.80 on Monday. The stock’s 50-day simple moving average is $113.45 and its 200-day simple moving average is $114.00. 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 market capitalization of $199.21 billion, a PE ratio of 17.37, a price-to-earnings-growth ratio of 1.45 and a beta of 1.55. The Walt Disney Company has a fifty-two week low of $80.10 and a fifty-two week high of $124.69.

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.