Ameriflex Group Inc. Sells 866 Shares of The Walt Disney Company $DIS

Ameriflex Group Inc. cut its holdings in The Walt Disney Company (NYSE:DIS) by 23.5% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 2,813 shares of the entertainment giant’s stock after selling 866 shares during the period. Ameriflex Group Inc.’s holdings in Walt Disney were worth $342,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. DiNuzzo Private Wealth Inc. lifted its position in Walt Disney by 82.5% in 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. MJT & Associates Financial Advisory Group Inc. bought a new position in Walt Disney in the 1st quarter valued at approximately $26,000. Kessler Investment Group LLC lifted its position in Walt Disney by 274.0% in the 1st quarter. Kessler Investment Group LLC now owns 273 shares of the entertainment giant’s stock valued at $27,000 after acquiring an additional 200 shares in the last quarter. Wolff Wiese Magana LLC lifted its position in Walt Disney by 41.5% in the 2nd 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. Finally, First PREMIER Bank lifted its position in Walt Disney by 72.2% in the 1st quarter. First PREMIER Bank now owns 489 shares of the entertainment giant’s stock valued at $48,000 after acquiring an additional 205 shares in the last quarter. 65.71% of the stock is owned by institutional investors.

Walt Disney Trading Up 0.3%

NYSE:DIS opened at $112.49 on Friday. 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 firm has a market capitalization of $202.25 billion, a price-to-earnings ratio of 17.63, a price-to-earnings-growth ratio of 1.47 and a beta of 1.54. The Walt Disney Company has a one year low of $80.10 and a one year high of $124.69. The business has a fifty day moving average price of $116.12 and a 200-day moving average price of $109.95.

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

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on DIS. Citigroup boosted their target price on shares of Walt Disney from $125.00 to $140.00 and gave the company a “buy” rating in a research note on Wednesday, July 9th. Guggenheim boosted their target price on shares of Walt Disney from $120.00 to $140.00 and gave the company a “buy” rating in a research note on Friday, June 27th. Chardan Capital reiterated a “buy” rating on shares of Walt Disney in a research note on Monday, August 11th. Morgan Stanley boosted their target price on shares of Walt Disney from $120.00 to $140.00 and gave the company an “overweight” rating in a research note on Monday, August 4th. Finally, UBS Group boosted their target price on shares of Walt Disney from $120.00 to $138.00 and gave the company a “buy” rating in a research note on Wednesday, July 16th. Nineteen analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target 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.