The Walt Disney Company (NYSE:DIS) Shares Sold by VELA Investment Management LLC

VELA Investment Management LLC cut its position in shares of The Walt Disney Company (NYSE:DIS) by 4.3% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 42,375 shares of the entertainment giant’s stock after selling 1,897 shares during the quarter. Walt Disney comprises 1.3% of VELA Investment Management LLC’s portfolio, making the stock its 15th biggest position. VELA Investment Management LLC’s holdings in Walt Disney were worth $4,207,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Gryphon Financial Partners LLC purchased a new position in Walt Disney in the fourth quarter valued at about $603,000. Wealthspire Advisors LLC grew its stake in shares of Walt Disney by 0.5% in the fourth quarter. Wealthspire Advisors LLC now owns 24,229 shares of the entertainment giant’s stock valued at $2,188,000 after buying an additional 128 shares in the last quarter. Advantage Trust Co purchased a new stake in shares of Walt Disney during the 4th quarter valued at about $66,000. Vestor Capital LLC lifted its position in Walt Disney by 26.0% during the 4th quarter. Vestor Capital LLC now owns 2,635 shares of the entertainment giant’s stock worth $238,000 after acquiring an additional 544 shares in the last quarter. Finally, Montag A & Associates Inc. boosted its holdings in Walt Disney by 88.6% in the 4th quarter. Montag A & Associates Inc. now owns 44,550 shares of the entertainment giant’s stock worth $4,036,000 after acquiring an additional 20,925 shares during the period. 65.71% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Walt Disney

In related news, Director Calvin Mcdonald bought 11,756 shares of the company’s stock in a transaction on Thursday, August 8th. The shares were purchased 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 acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 0.10% of the company’s stock.

Walt Disney Trading Down 0.7 %

Walt Disney stock opened at $88.65 on Friday. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.66 and a current ratio of 0.72. The Walt Disney Company has a 1 year low of $78.73 and a 1 year high of $123.74. The firm’s 50-day moving average is $92.21 and its 200-day moving average is $103.42. The company has a market cap of $161.61 billion, a P/E ratio of 96.36, a PEG ratio of 1.34 and a beta of 1.40.

Walt Disney (NYSE:DIS) last issued its earnings results on Wednesday, August 7th. The entertainment giant reported $1.39 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.20 by $0.19. The firm had revenue of $23.20 billion for the quarter, compared to analysts’ expectations of $23.08 billion. Walt Disney had a net margin of 5.30% and a return on equity of 8.64%. Walt Disney’s revenue was up 3.9% on a year-over-year basis. During the same quarter last year, the company posted $1.03 earnings per share. On average, equities analysts expect that The Walt Disney Company will post 4.92 earnings per share for the current year.

Analyst Ratings Changes

A number of research firms have recently commented on DIS. Macquarie reduced their target price on shares of Walt Disney from $107.00 to $94.00 and set a “neutral” rating on the stock in a research report on Monday, August 12th. JPMorgan Chase & Co. decreased their price objective on shares of Walt Disney from $135.00 to $125.00 and set an “overweight” rating for the company in a research report on Thursday, August 8th. Redburn Atlantic upgraded Walt Disney from a “sell” rating to a “neutral” rating and set a $100.00 target price for the company in a research note on Tuesday, May 21st. 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 research note on Tuesday, July 2nd. Finally, Barclays lowered their price objective on Walt Disney from $130.00 to $105.00 and set an “overweight” rating for the company in a research note on Thursday, August 8th. Three equities research analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $117.95.

Walt Disney 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.