The Walt Disney Company (NYSE:DIS) Stake Reduced by Private Advisor Group LLC

Private Advisor Group LLC cut its holdings in The Walt Disney Company (NYSE:DISGet Rating) by 1.6% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 355,608 shares of the entertainment giant’s stock after selling 5,920 shares during the quarter. Private Advisor Group LLC’s holdings in Walt Disney were worth $33,570,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the business. Clear Perspectives Financial Planning LLC increased its stake in Walt Disney by 126.3% in the 1st quarter. Clear Perspectives Financial Planning LLC now owns 181 shares of the entertainment giant’s stock worth $25,000 after purchasing an additional 101 shares in the last quarter. Roble Belko & Company Inc increased its stake in Walt Disney by 96.2% in the 1st quarter. Roble Belko & Company Inc now owns 206 shares of the entertainment giant’s stock worth $28,000 after purchasing an additional 101 shares in the last quarter. MBM Wealth Consultants LLC increased its stake in Walt Disney by 94.7% in the 4th quarter. MBM Wealth Consultants LLC now owns 220 shares of the entertainment giant’s stock worth $34,000 after purchasing an additional 107 shares in the last quarter. Rational Advisors LLC increased its stake in Walt Disney by 74.1% in the 1st quarter. Rational Advisors LLC now owns 242 shares of the entertainment giant’s stock worth $33,000 after purchasing an additional 103 shares in the last quarter. Finally, Delos Wealth Advisors LLC increased its stake in Walt Disney by 2,933.3% in the 4th quarter. Delos Wealth Advisors LLC now owns 273 shares of the entertainment giant’s stock worth $42,000 after purchasing an additional 264 shares in the last quarter. 61.37% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, EVP Brent Woodford sold 3,000 shares of the business’s stock in a transaction that occurred on Friday, August 12th. The stock was 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 directly owns 28,624 shares in the company, valued at approximately $3,407,114.72. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.10% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the company. Guggenheim raised Walt Disney from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $110.00 to $145.00 in a research note on Thursday, August 11th. StockNews.com raised Walt Disney from a “sell” rating to a “hold” rating in a research note on Thursday, August 11th. JPMorgan Chase & Co. lowered their target price on Walt Disney from $175.00 to $160.00 and set an “overweight” rating on the stock in a research note on Thursday, August 11th. Evercore ISI lowered their target price on Walt Disney from $150.00 to $130.00 in a research note on Wednesday, July 27th. Finally, Rosenblatt Securities lifted their target price on Walt Disney from $124.00 to $140.00 and gave the company a “buy” rating in a research note on Thursday, August 11th. Five research analysts have rated the stock with a hold rating and twenty have given a buy rating to the stock. According to data from MarketBeat.com, Walt Disney has a consensus rating of “Moderate Buy” and a consensus price target of $151.48.

Walt Disney Stock Down 2.2 %

DIS opened at $102.16 on Friday. The business has a 50 day moving average price of $110.43 and a 200 day moving average price of $113.15. The Walt Disney Company has a twelve month low of $90.23 and a twelve month high of $179.63. 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 cap of $186.24 billion, a P/E ratio of 59.40, a price-to-earnings-growth ratio of 1.40 and a beta of 1.20.

Walt Disney (NYSE:DISGet Rating) last posted its earnings results on Wednesday, August 10th. The entertainment giant reported $1.09 earnings per share for the quarter, topping the consensus estimate of $0.99 by $0.10. Walt Disney had a return on equity of 7.20% and a net margin of 3.87%. The firm had revenue of $21.50 billion during the quarter, compared to analyst estimates of $21.01 billion. During the same period in the previous year, the company earned $0.80 EPS. The company’s revenue for the quarter was up 26.5% on a year-over-year basis. Research analysts forecast that The Walt Disney Company will post 3.85 EPS for the current year.

Walt Disney Company Profile

(Get Rating)

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.

Featured Articles

Want to see what other hedge funds are holding DIS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Walt Disney Company (NYSE:DISGet Rating).

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

Receive News & Ratings for Walt Disney Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Walt Disney and related companies with MarketBeat.com's FREE daily email newsletter.