Mitchell Sinkler & Starr PA Sells 1,541 Shares of The Walt Disney Company (NYSE:DIS)

Mitchell Sinkler & Starr PA cut its holdings in The Walt Disney Company (NYSE:DIS) by 2.2% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 67,047 shares of the entertainment giant’s stock after selling 1,541 shares during the period. Walt Disney makes up 1.6% of Mitchell Sinkler & Starr PA’s portfolio, making the stock its 20th largest position. Mitchell Sinkler & Starr PA’s holdings in Walt Disney were worth $6,489,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the business. Gryphon Financial Partners LLC bought a new position in Walt Disney during the 4th quarter worth approximately $603,000. Envestnet Portfolio Solutions Inc. grew its holdings in shares of Walt Disney by 2.8% in the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 61,002 shares of the entertainment giant’s stock worth $5,508,000 after purchasing an additional 1,644 shares during the last quarter. Advisor OS LLC increased its stake in shares of Walt Disney by 18.8% in the fourth quarter. Advisor OS LLC now owns 6,580 shares of the entertainment giant’s stock worth $594,000 after buying an additional 1,041 shares during the period. Vise Technologies Inc. raised its holdings in Walt Disney by 39.2% during the 4th quarter. Vise Technologies Inc. now owns 3,761 shares of the entertainment giant’s stock valued at $340,000 after buying an additional 1,059 shares during the last quarter. Finally, Eagle Bay Advisors LLC boosted its position in Walt Disney by 36.1% during the 4th quarter. Eagle Bay Advisors LLC now owns 1,634 shares of the entertainment giant’s stock valued at $148,000 after buying an additional 433 shares during the period. 65.71% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Walt Disney

In other Walt Disney news, Director Calvin Mcdonald purchased 11,756 shares of the firm’s stock in a transaction dated Thursday, August 8th. The stock was purchased at an average price of $85.06 per share, for a total transaction of $999,965.36. Following the completion of the purchase, the director now directly owns 22,313 shares of the company’s stock, valued at $1,897,943.78. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 0.10% of the company’s stock.

Wall Street Analysts Forecast Growth

DIS has been the topic of a number of analyst reports. Raymond James decreased their price objective on shares of Walt Disney from $123.00 to $101.00 and set an “outperform” rating on the stock in a research report on Thursday, August 8th. Redburn Atlantic raised Walt Disney from a “sell” rating to a “neutral” rating and set a $100.00 price target for the company in a research report on Tuesday, May 21st. Deutsche Bank Aktiengesellschaft cut their price objective on Walt Disney from $130.00 to $115.00 and set a “buy” rating on the stock in a research report on Thursday, August 8th. Needham & Company LLC decreased their target price on Walt Disney from $145.00 to $110.00 and set a “buy” rating for the company in a report on Thursday, August 8th. Finally, JPMorgan Chase & Co. cut their price target on shares of Walt Disney from $135.00 to $125.00 and set an “overweight” rating on the stock in a report on Thursday, August 8th. Three analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $117.95.

Walt Disney Trading Up 0.1 %

NYSE DIS opened at $88.39 on Wednesday. The stock’s fifty day moving average price is $91.60 and its 200-day moving average price is $102.91. The company has a current ratio of 0.72, a quick ratio of 0.66 and a debt-to-equity ratio of 0.38. The stock has a market cap of $160.30 billion, a P/E ratio of 96.08, a P/E/G ratio of 1.31 and a beta of 1.40. The Walt Disney Company has a 12 month low of $78.73 and a 12 month high of $123.74.

Walt Disney (NYSE:DIS) last issued its earnings results on Wednesday, August 7th. The entertainment giant reported $1.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.20 by $0.19. The firm had revenue of $23.20 billion for the quarter, compared to the consensus estimate of $23.08 billion. Walt Disney had a net margin of 5.30% and a return on equity of 8.64%. The business’s revenue was up 3.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.03 earnings per share. As a group, equities analysts forecast that The Walt Disney Company will post 4.92 EPS for the current fiscal year.

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.