WealthPLAN Partners LLC trimmed its position in The Walt Disney Company (NYSE:DIS – Free Report) by 14.9% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,476 shares of the entertainment giant’s stock after selling 785 shares during the period. WealthPLAN Partners LLC’s holdings in Walt Disney were worth $400,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Markel Corp boosted its holdings in Walt Disney by 2.3% in the first quarter. Markel Corp now owns 1,922,665 shares of the entertainment giant’s stock worth $263,713,000 after acquiring an additional 42,500 shares in the last quarter. Fairfield Bush & CO. lifted its holdings in shares of Walt Disney by 3.4% during the first quarter. Fairfield Bush & CO. now owns 9,624 shares of the entertainment giant’s stock valued at $1,320,000 after purchasing an additional 320 shares in the last quarter. United Bank lifted its holdings in shares of Walt Disney by 8.7% during the first quarter. United Bank now owns 9,949 shares of the entertainment giant’s stock valued at $1,365,000 after purchasing an additional 794 shares in the last quarter. AMI Investment Management Inc. lifted its holdings in shares of Walt Disney by 4.6% during the first quarter. AMI Investment Management Inc. now owns 24,918 shares of the entertainment giant’s stock valued at $3,418,000 after purchasing an additional 1,094 shares in the last quarter. Finally, Mackenzie Financial Corp lifted its holdings in shares of Walt Disney by 0.6% during the first quarter. Mackenzie Financial Corp now owns 828,308 shares of the entertainment giant’s stock valued at $113,611,000 after purchasing an additional 4,722 shares in the last quarter. 61.17% of the stock is owned by hedge funds and other institutional investors.
Insider Activity at Walt Disney
In other Walt Disney news, EVP Sonia L. Coleman sold 959 shares of the business’s stock in a transaction on Tuesday, August 1st. The shares were sold at an average price of $89.05, for a total transaction of $85,398.95. Following the transaction, the executive vice president now owns 961 shares in the company, valued at $85,577.05. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.10% of the stock is currently owned by insiders.
Analyst Ratings Changes
A number of research analysts have recently issued reports on DIS shares. Seaport Res Ptn reaffirmed a “buy” rating on shares of Walt Disney in a report on Friday, October 6th. Citigroup lowered their price target on Walt Disney from $125.00 to $120.00 and set a “buy” rating on the stock in a report on Wednesday, August 16th. Rosenblatt Securities reduced their price objective on Walt Disney from $104.00 to $103.00 and set a “buy” rating for the company in a research report on Wednesday, September 20th. JPMorgan Chase & Co. reduced their price objective on Walt Disney from $125.00 to $120.00 and set an “overweight” rating for the company in a research report on Tuesday, October 10th. Finally, Evercore ISI reduced their price objective on Walt Disney from $130.00 to $110.00 and set an “outperform” rating for the company in a research report on Monday, July 24th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and twenty have assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $111.40.
Check Out Our Latest Stock Report on Walt Disney
Walt Disney Price Performance
DIS stock opened at $84.68 on Thursday. The Walt Disney Company has a 52 week low of $78.73 and a 52 week high of $118.18. The firm has a market capitalization of $154.95 billion, a P/E ratio of 68.85, a price-to-earnings-growth ratio of 1.30 and a beta of 1.27. The company has a fifty day simple moving average of $83.64 and a two-hundred day simple moving average of $89.44. The company has a quick ratio of 1.00, a current ratio of 1.07 and a debt-to-equity ratio of 0.44.
Walt Disney (NYSE:DIS – Get Free Report) last released its quarterly earnings results on Wednesday, August 9th. The entertainment giant reported $1.03 EPS for the quarter, topping the consensus estimate of $0.99 by $0.04. Walt Disney had a return on equity of 6.45% and a net margin of 2.56%. The company had revenue of $22.33 billion during the quarter, compared to analyst estimates of $22.50 billion. During the same quarter last year, the business posted $1.09 earnings per share. The firm’s revenue was up 3.8% on a year-over-year basis. Analysts anticipate that The Walt Disney Company will post 3.66 earnings per share for the current fiscal year.
Walt Disney Company Profile
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 networks under the ABC, Disney, ESPN, Freeform, FX, Fox, National Geographic, and Star brands; and studios that produces films under the Walt Disney Pictures, Twentieth Century Studios, Marvel, Lucasfilm, Pixar, and Searchlight Pictures banners.
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