NBC Securities Inc. Sells 2,880 Shares of The Walt Disney Company (NYSE:DIS)

NBC Securities Inc. lowered its holdings in shares of The Walt Disney Company (NYSE:DIS) by 14.5% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 17,045 shares of the entertainment giant’s stock after selling 2,880 shares during the period. NBC Securities Inc.’s holdings in Walt Disney were worth $1,692,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Vaughan Nelson Investment Management L.P. increased its stake in shares of Walt Disney by 84.6% during the 1st quarter. Vaughan Nelson Investment Management L.P. now owns 2,000,267 shares of the entertainment giant’s stock worth $244,754,000 after purchasing an additional 916,772 shares during the last quarter. Telos Capital Management Inc. increased its holdings in shares of Walt Disney by 1.7% in the fourth quarter. Telos Capital Management Inc. now owns 74,767 shares of the entertainment giant’s stock worth $6,751,000 after purchasing an additional 1,236 shares during the period. Valmark Advisers Inc. raised its holdings in shares of Walt Disney by 4.9% in the 4th quarter. Valmark Advisers Inc. now owns 7,744 shares of the entertainment giant’s stock valued at $699,000 after acquiring an additional 359 shares in the last quarter. Jennison Associates LLC bought a new stake in shares of Walt Disney during the 1st quarter worth $1,490,492,000. Finally, Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of Walt Disney by 4.2% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 556,658 shares of the entertainment giant’s stock worth $68,113,000 after acquiring an additional 22,568 shares during the last quarter. Institutional investors own 65.71% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. Argus raised their price target on Walt Disney from $125.00 to $140.00 and gave the stock a “buy” rating in a research report on Wednesday, April 10th. Moffett Nathanson cut their price objective on Walt Disney from $130.00 to $125.00 and set a “buy” rating on the stock in a research report on Tuesday, July 2nd. Needham & Company LLC cut their price objective on shares of Walt Disney from $145.00 to $110.00 and set a “buy” rating on the stock in a report on Thursday. Redburn Atlantic raised shares of Walt Disney from a “sell” rating to a “neutral” rating and set a $100.00 target price for the company in a report on Tuesday, May 21st. Finally, Macquarie raised their target price on shares of Walt Disney from $104.00 to $107.00 and gave the stock a “neutral” rating in a research note on Monday, May 13th. Three investment analysts have rated the stock with a hold rating and twenty-three have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $118.75.

Walt Disney Stock Up 0.1 %

DIS stock traded up $0.05 during mid-day trading on Thursday, hitting $86.01. The stock had a trading volume of 15,759,494 shares, compared to its average volume of 11,610,524. The company has a fifty day moving average of $97.57 and a 200 day moving average of $105.25. The Walt Disney Company has a 1-year low of $78.73 and a 1-year high of $123.74. The stock has a market capitalization of $156.80 billion, a price-to-earnings ratio of 93.28, a PEG ratio of 1.15 and a beta of 1.40. The company has a current ratio of 0.75, a quick ratio of 0.69 and a debt-to-equity ratio of 0.38.

Walt Disney (NYSE:DIS) last issued its quarterly earnings results on Wednesday, August 7th. The entertainment giant reported $1.39 earnings per share for the quarter, beating analysts’ consensus estimates of $1.20 by $0.19. The firm had revenue of $23.20 billion during the quarter, compared to the consensus estimate of $23.08 billion. Walt Disney had a net margin of 1.90% and a return on equity of 8.37%. The business’s revenue was up 3.9% on a year-over-year basis. During the same period in the prior year, the firm earned $1.03 EPS. On average, equities analysts expect that The Walt Disney Company will post 4.77 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.