Cetera Advisor Networks LLC Has $23.24 Million Stake in The Walt Disney Company (NYSE:DIS)

Cetera Advisor Networks LLC lowered its position in The Walt Disney Company (NYSE:DIS) by 0.8% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 257,363 shares of the entertainment giant’s stock after selling 2,194 shares during the period. Cetera Advisor Networks LLC’s holdings in Walt Disney were worth $23,237,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently modified their holdings of DIS. Weil Company Inc. lifted its position in Walt Disney by 0.5% during the fourth quarter. Weil Company Inc. now owns 20,295 shares of the entertainment giant’s stock valued at $1,832,000 after buying an additional 101 shares during the period. BlackDiamond Wealth Management LLC lifted its position in Walt Disney by 3.3% during the fourth quarter. BlackDiamond Wealth Management LLC now owns 3,286 shares of the entertainment giant’s stock valued at $318,000 after buying an additional 104 shares during the period. Evolution Advisers Inc. lifted its position in Walt Disney by 38.2% during the fourth quarter. Evolution Advisers Inc. now owns 380 shares of the entertainment giant’s stock valued at $34,000 after buying an additional 105 shares during the period. Gradient Capital Advisors LLC lifted its position in Walt Disney by 2.9% during the fourth quarter. Gradient Capital Advisors LLC now owns 3,975 shares of the entertainment giant’s stock valued at $359,000 after buying an additional 111 shares during the period. Finally, First Business Financial Services Inc. lifted its position in Walt Disney by 0.7% during the third quarter. First Business Financial Services Inc. now owns 16,514 shares of the entertainment giant’s stock valued at $1,338,000 after buying an additional 113 shares during the period. Institutional investors and hedge funds own 65.71% of the company’s stock.

Insider Transactions at Walt Disney

In other news, EVP Sonia L. Coleman sold 1,857 shares of the business’s stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $121.92, for a total transaction of $226,405.44. Following the transaction, the executive vice president now owns 4,400 shares of the company’s stock, valued at approximately $536,448. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In other Walt Disney news, EVP Sonia L. Coleman sold 1,857 shares of the company’s stock in a transaction on Monday, April 1st. The stock was sold at an average price of $121.92, for a total value of $226,405.44. Following the transaction, the executive vice president now owns 4,400 shares of the company’s stock, valued at approximately $536,448. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director James P. Gorman acquired 20,000 shares of the business’s stock in a transaction on Wednesday, May 8th. The stock was acquired at an average cost of $106.03 per share, for a total transaction of $2,120,600.00. Following the transaction, the director now directly owns 20,467 shares in the company, valued at $2,170,116.01. The disclosure for this purchase can be found here. Insiders own 0.10% of the company’s stock.

Walt Disney Price Performance

NYSE DIS traded down $1.83 during trading hours on Wednesday, reaching $101.50. The company’s stock had a trading volume of 10,734,226 shares, compared to its average volume of 11,740,096. The firm’s 50-day moving average price is $110.13 and its 200-day moving average price is $103.68. The company has a quick ratio of 0.69, a current ratio of 0.75 and a debt-to-equity ratio of 0.38. The Walt Disney Company has a 1 year low of $78.73 and a 1 year high of $123.74. The company has a market capitalization of $185.04 billion, a price-to-earnings ratio of 110.33, a PEG ratio of 1.28 and a beta of 1.40.

Walt Disney (NYSE:DIS) last posted its quarterly earnings results on Tuesday, May 7th. The entertainment giant reported $1.21 EPS for the quarter, topping analysts’ consensus estimates of $1.12 by $0.09. Walt Disney had a return on equity of 8.37% and a net margin of 1.90%. The company had revenue of $22.08 billion for the quarter, compared to analysts’ expectations of $22.12 billion. During the same period in the previous year, the firm earned $0.93 EPS. The firm’s revenue was up 1.2% compared to the same quarter last year. On average, equities research analysts predict that The Walt Disney Company will post 4.76 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on DIS shares. Bank of America raised their price objective on Walt Disney from $130.00 to $145.00 and gave the company a “buy” rating in a research report on Monday, April 1st. JPMorgan Chase & Co. started coverage on Walt Disney in a research report on Thursday, April 11th. They set an “overweight” rating and a $140.00 price objective for the company. Daiwa Capital Markets reissued a “buy” rating and set a $133.00 price objective on shares of Walt Disney in a research report on Monday, April 1st. Needham & Company LLC reaffirmed a “buy” rating and issued a $145.00 price target on shares of Walt Disney in a research report on Tuesday, May 7th. Finally, Wells Fargo & Company lifted their price target on Walt Disney from $128.00 to $141.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 23rd. One analyst has rated the stock with a sell rating, three have assigned a hold rating and twenty-two have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $126.29.

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.