B. Riley Wealth Advisors Inc. Sells 1,140 Shares of The Walt Disney Company (NYSE:DIS)

B. Riley Wealth Advisors Inc. reduced its position in shares of The Walt Disney Company (NYSE:DIS) by 1.7% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 64,401 shares of the entertainment giant’s stock after selling 1,140 shares during the quarter. B. Riley Wealth Advisors Inc.’s holdings in Walt Disney were worth $7,880,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of DIS. Norges Bank purchased a new position in Walt Disney in the 4th quarter worth $1,938,647,000. Jennison Associates LLC purchased a new position in shares of Walt Disney during the first quarter valued at approximately $1,490,492,000. Capital World Investors increased its holdings in Walt Disney by 3,332.4% during the first quarter. Capital World Investors now owns 6,267,593 shares of the entertainment giant’s stock valued at $766,903,000 after buying an additional 6,084,993 shares during the last quarter. ValueAct Holdings L.P. bought a new position in shares of Walt Disney in the fourth quarter worth approximately $459,245,000. Finally, Ontario Teachers Pension Plan Board purchased a new stake in Walt Disney in the 1st quarter worth $425,567,000. Institutional investors own 65.71% of the company’s stock.

Walt Disney Price Performance

NYSE:DIS traded down $0.10 during mid-day trading on Wednesday, reaching $93.69. The stock had a trading volume of 9,898,927 shares, compared to its average volume of 11,319,031. The stock has a 50-day simple moving average of $98.98 and a two-hundred day simple moving average of $105.42. The stock has a market capitalization of $170.80 billion, a PE ratio of 102.39, a P/E/G ratio of 1.15 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. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.75 and a quick ratio of 0.69.

Walt Disney (NYSE:DIS) last posted its quarterly earnings data on Tuesday, May 7th. The entertainment giant reported $1.21 earnings per share for the quarter, beating 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 business had revenue of $22.08 billion during the quarter, compared to the consensus estimate of $22.12 billion. During the same period in the prior year, the business posted $0.93 earnings per share. Walt Disney’s quarterly revenue was up 1.2% on a year-over-year basis. On average, equities analysts anticipate that The Walt Disney Company will post 4.75 earnings per share for the current year.

Insider Buying and Selling

In other Walt Disney news, Director James P. Gorman acquired 20,000 shares of the stock in a transaction on Wednesday, May 8th. The shares were purchased at an average price of $106.03 per share, for a total transaction of $2,120,600.00. Following the completion of the acquisition, the director now owns 20,467 shares in the company, valued at approximately $2,170,116.01. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other news, Director James P. Gorman purchased 20,000 shares of the stock in a transaction dated Wednesday, May 8th. The shares were purchased at an average cost of $106.03 per share, with a total value of $2,120,600.00. Following the completion of the acquisition, the director now owns 20,467 shares in the company, valued at approximately $2,170,116.01. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, EVP Sonia L. Coleman sold 4,400 shares of the stock in a transaction dated Thursday, May 9th. The shares were sold at an average price of $106.00, for a total value of $466,400.00. The disclosure for this sale can be found here. 0.10% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several equities analysts have recently weighed in on DIS shares. Needham & Company LLC reissued a “buy” rating and set a $145.00 target price on shares of Walt Disney in a research report on Wednesday, July 3rd. Moffett Nathanson cut their price target on Walt Disney from $130.00 to $125.00 and set a “buy” rating on the stock in a report on Tuesday, July 2nd. Wells Fargo & Company increased their target price on shares of Walt Disney from $128.00 to $141.00 and gave the company an “overweight” rating in a research report on Tuesday, April 23rd. The Goldman Sachs Group began coverage on shares of Walt Disney in a research report on Tuesday, June 25th. They issued a “buy” rating and a $125.00 price objective for the company. Finally, Barclays cut their price objective on Walt Disney from $135.00 to $130.00 and set an “overweight” rating on the stock in a report on Wednesday, May 8th. Three research analysts have rated the stock with a hold rating and twenty-three 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 price target of $128.13.

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.