Ameritas Advisory Services LLC Sells 4,112 Shares of The Walt Disney Company $DIS

Ameritas Advisory Services LLC lowered its position in shares of The Walt Disney Company (NYSE:DIS) by 24.7% in the 2nd quarter, HoldingsChannel reports. The firm owned 12,548 shares of the entertainment giant’s stock after selling 4,112 shares during the quarter. Ameritas Advisory Services LLC’s holdings in Walt Disney were worth $1,556,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. Physician Wealth Advisors Inc. lifted its stake in Walt Disney by 3.5% during the second quarter. Physician Wealth Advisors Inc. now owns 2,606 shares of the entertainment giant’s stock worth $323,000 after purchasing an additional 87 shares during the last quarter. Childress Capital Advisors LLC lifted its stake in Walt Disney by 3.3% during the second quarter. Childress Capital Advisors LLC now owns 2,749 shares of the entertainment giant’s stock worth $341,000 after purchasing an additional 87 shares during the last quarter. Bruce G. Allen Investments LLC lifted its stake in shares of Walt Disney by 9.1% in the 2nd quarter. Bruce G. Allen Investments LLC now owns 1,123 shares of the entertainment giant’s stock valued at $139,000 after acquiring an additional 94 shares during the last quarter. DiNuzzo Private Wealth Inc. lifted its stake in shares of 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 during the last quarter. Finally, Clearstead Trust LLC lifted its stake in shares of Walt Disney by 0.6% in the 1st quarter. Clearstead Trust LLC now owns 16,509 shares of the entertainment giant’s stock valued at $1,629,000 after acquiring an additional 99 shares during the last quarter. Institutional investors own 65.71% of the company’s stock.

Analyst Upgrades and Downgrades

DIS has been the subject of a number of recent research reports. Citigroup boosted their target price on Walt Disney from $125.00 to $140.00 and gave the company a “buy” rating in a research note on Wednesday, July 9th. Wall Street Zen lowered Walt Disney from a “buy” rating to a “hold” rating in a research note on Friday. Keefe, Bruyette & Woods reissued a “market perform” rating on shares of Walt Disney in a research note on Monday, August 11th. Evercore ISI boosted their target price on Walt Disney from $134.00 to $140.00 and gave the company an “outperform” rating in a research note on Monday, August 4th. Finally, Loop Capital upped their price target on Walt Disney from $125.00 to $130.00 and gave the company a “buy” rating in a research report on Tuesday, June 10th. Nineteen analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $131.18.

Walt Disney Trading Up 0.3%

DIS opened at $112.49 on Friday. The business has a 50 day simple moving average of $116.12 and a two-hundred day simple moving average of $110.02. The firm has a market capitalization of $202.25 billion, a price-to-earnings ratio of 17.63, a PEG ratio of 1.48 and a beta of 1.54. 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 Walt Disney Company has a one year low of $80.10 and a one year high of $124.69.

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