Mayflower Financial Advisors LLC Decreases Stock Holdings in The Walt Disney Company (NYSE:DIS)

Mayflower Financial Advisors LLC reduced its holdings in shares of The Walt Disney Company (NYSE:DIS) by 15.5% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,920 shares of the entertainment giant’s stock after selling 1,268 shares during the quarter. Mayflower Financial Advisors LLC’s holdings in Walt Disney were worth $687,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the business. Vaughan Nelson Investment Management L.P. lifted its position in shares of Walt Disney by 84.6% during the first 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 in the last quarter. Jennison Associates LLC acquired a new position in shares of Walt Disney during the first quarter worth $1,490,492,000. Mirae Asset Global Investments Co. Ltd. lifted its position in shares of Walt Disney by 4.2% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 556,658 shares of the entertainment giant’s stock worth $68,113,000 after purchasing an additional 22,568 shares in the last quarter. Rheos Capital Works Inc. raised its holdings in Walt Disney by 41.3% in the first quarter. Rheos Capital Works Inc. now owns 175,900 shares of the entertainment giant’s stock valued at $21,523,000 after acquiring an additional 51,400 shares in the last quarter. Finally, Nordea Investment Management AB raised its holdings in Walt Disney by 555.9% in the first quarter. Nordea Investment Management AB now owns 956,788 shares of the entertainment giant’s stock valued at $117,599,000 after acquiring an additional 810,923 shares in the last quarter. 65.71% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Walt Disney

In related news, Director Calvin Mcdonald purchased 11,756 shares of Walt Disney stock in a transaction dated Thursday, August 8th. The stock was acquired at an average cost of $85.06 per share, with a total value of $999,965.36. Following the completion of the transaction, the director now directly owns 22,313 shares of the company’s stock, valued at $1,897,943.78. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.10% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on DIS. Macquarie cut their price target on shares of Walt Disney from $107.00 to $94.00 and set a “neutral” rating on the stock in a report on Monday, August 12th. Morgan Stanley cut their price target on shares of Walt Disney from $130.00 to $110.00 and set an “overweight” rating on the stock in a report on Monday, August 5th. UBS Group lowered their target price on shares of Walt Disney from $130.00 to $120.00 and set a “buy” rating for the company in a research note on Thursday, August 8th. JPMorgan Chase & Co. lowered their target price on shares of Walt Disney from $135.00 to $125.00 and set an “overweight” rating for the company in a research note on Thursday, August 8th. Finally, The Goldman Sachs Group began coverage on shares of Walt Disney in a research note on Tuesday, June 25th. They set a “buy” rating and a $125.00 target price for the company. Three analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $117.95.

Walt Disney Price Performance

Shares of NYSE DIS opened at $88.65 on Friday. 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 Walt Disney Company has a twelve month low of $78.73 and a twelve month high of $123.74. The company has a market capitalization of $161.61 billion, a price-to-earnings ratio of 96.36, a PEG ratio of 1.34 and a beta of 1.40. The firm has a 50-day moving average of $92.21 and a two-hundred day moving average of $103.42.

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