Franklin Street Advisors Inc. NC Sells 18,494 Shares of The Walt Disney Company (NYSE:DIS)

Franklin Street Advisors Inc. NC trimmed its position in shares of The Walt Disney Company (NYSE:DISGet Rating) by 14.7% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 107,169 shares of the entertainment giant’s stock after selling 18,494 shares during the period. Franklin Street Advisors Inc. NC’s holdings in Walt Disney were worth $10,117,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in DIS. Financial Connections Group Inc. grew its stake in Walt Disney by 38.7% in the 1st quarter. Financial Connections Group Inc. now owns 330 shares of the entertainment giant’s stock valued at $45,000 after acquiring an additional 92 shares during the last quarter. Advance Capital Management Inc. grew its stake in Walt Disney by 2.2% in the 1st quarter. Advance Capital Management Inc. now owns 4,284 shares of the entertainment giant’s stock valued at $588,000 after acquiring an additional 92 shares during the last quarter. Waterfront Wealth Inc. grew its stake in Walt Disney by 0.9% in the 4th quarter. Waterfront Wealth Inc. now owns 10,890 shares of the entertainment giant’s stock valued at $1,687,000 after acquiring an additional 93 shares during the last quarter. Advanced Research Investment Solutions LLC grew its stake in Walt Disney by 39.1% in the 1st quarter. Advanced Research Investment Solutions LLC now owns 331 shares of the entertainment giant’s stock valued at $45,000 after acquiring an additional 93 shares during the last quarter. Finally, Main Street Financial Solutions LLC grew its stake in Walt Disney by 0.8% in the 1st quarter. Main Street Financial Solutions LLC now owns 11,507 shares of the entertainment giant’s stock valued at $1,578,000 after acquiring an additional 94 shares during the last quarter. 61.37% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Walt Disney

In other Walt Disney news, EVP Brent Woodford sold 3,000 shares of the stock in a transaction that occurred on Friday, August 12th. The shares were sold at an average price of $119.03, for a total value of $357,090.00. Following the completion of the sale, the executive vice president now owns 28,624 shares of the company’s stock, valued at $3,407,114.72. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.10% of the stock is owned by corporate insiders.

Walt Disney Trading Down 2.2 %

NYSE DIS opened at $102.16 on Friday. The Walt Disney Company has a one year low of $90.23 and a one year high of $179.63. The company’s 50 day moving average price is $110.43 and its 200 day moving average price is $113.15. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.97 and a current ratio of 1.02. The firm has a market capitalization of $186.24 billion, a price-to-earnings ratio of 59.40, a PEG ratio of 1.40 and a beta of 1.20.

Walt Disney (NYSE:DISGet Rating) last issued its quarterly earnings data on Wednesday, August 10th. The entertainment giant reported $1.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.99 by $0.10. Walt Disney had a net margin of 3.87% and a return on equity of 7.20%. The company had revenue of $21.50 billion during the quarter, compared to the consensus estimate of $21.01 billion. During the same quarter last year, the company earned $0.80 earnings per share. Walt Disney’s revenue for the quarter was up 26.5% on a year-over-year basis. On average, sell-side analysts predict that The Walt Disney Company will post 3.85 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on DIS shares. JPMorgan Chase & Co. reduced their target price on shares of Walt Disney from $175.00 to $160.00 and set an “overweight” rating on the stock in a report on Thursday, August 11th. Guggenheim upgraded shares of Walt Disney from a “neutral” rating to a “buy” rating and upped their target price for the company from $110.00 to $145.00 in a report on Thursday, August 11th. Morgan Stanley reduced their target price on shares of Walt Disney from $170.00 to $125.00 and set an “overweight” rating on the stock in a report on Thursday, June 30th. Deutsche Bank Aktiengesellschaft reduced their target price on shares of Walt Disney from $191.00 to $130.00 in a report on Monday, June 6th. Finally, Barclays reduced their target price on shares of Walt Disney from $130.00 to $120.00 and set an “equal weight” rating on the stock in a report on Thursday, July 14th. Five analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $151.48.

About Walt Disney

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The Walt Disney Company, together with its subsidiaries, operates as an entertainment company worldwide. It operates through two segments, Disney Media and Entertainment Distribution; and Disney Parks, Experiences and Products. The company engages in the film and episodic television content production and distribution activities, as well as operates television broadcast networks under the ABC, Disney, ESPN, Freeform, FX, Fox, National Geographic, and Star brands; and studios that produces motion pictures under the Walt Disney Pictures, Twentieth Century Studios, Marvel, Lucasfilm, Pixar, and Searchlight Pictures banners.

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Institutional Ownership by Quarter for Walt Disney (NYSE:DIS)

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