Wilkinson Global Asset Management LLC Sells 3,442 Shares of The Walt Disney Company (NYSE:DIS)

Wilkinson Global Asset Management LLC decreased its position in shares of The Walt Disney Company (NYSE:DIS) by 0.7% during the second quarter, Holdings Channel reports. The institutional investor owned 524,524 shares of the entertainment giant’s stock after selling 3,442 shares during the period. Walt Disney makes up approximately 3.3% of Wilkinson Global Asset Management LLC’s investment portfolio, making the stock its 12th biggest position. Wilkinson Global Asset Management LLC’s holdings in Walt Disney were worth $52,080,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of DIS. Gryphon Financial Partners LLC purchased a new stake in Walt Disney during the 4th quarter valued at approximately $603,000. AGF Management Ltd. increased its holdings in Walt Disney by 6,508.2% in the 4th quarter. AGF Management Ltd. now owns 340,787 shares of the entertainment giant’s stock valued at $30,770,000 after acquiring an additional 335,630 shares during the last quarter. QRG Capital Management Inc. lifted its stake in Walt Disney by 10.4% in the 4th quarter. QRG Capital Management Inc. now owns 132,092 shares of the entertainment giant’s stock worth $11,927,000 after purchasing an additional 12,495 shares in the last quarter. Envestnet Portfolio Solutions Inc. boosted its holdings in shares of Walt Disney by 2.8% during the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 61,002 shares of the entertainment giant’s stock valued at $5,508,000 after purchasing an additional 1,644 shares during the last quarter. Finally, Principal Financial Group Inc. grew its position in shares of Walt Disney by 1.6% during the fourth quarter. Principal Financial Group Inc. now owns 2,225,868 shares of the entertainment giant’s stock valued at $200,974,000 after purchasing an additional 35,440 shares in the last quarter. Hedge funds and other institutional investors own 65.71% of the company’s stock.

Walt Disney Stock Down 0.8 %

Shares of DIS stock traded down $0.71 on Friday, hitting $87.94. The stock had a trading volume of 7,791,503 shares, compared to its average volume of 11,356,279. The business has a 50 day moving average price of $91.98 and a 200 day moving average price of $103.22. The company has a market cap of $160.32 billion, a PE ratio of 95.59, a P/E/G ratio of 1.34 and a beta of 1.40. The company has a quick ratio of 0.66, a current ratio of 0.72 and a debt-to-equity ratio of 0.38. The Walt Disney Company has a one year low of $78.73 and a one year high of $123.74.

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

Analysts Set New Price Targets

A number of equities research analysts recently commented on the company. Needham & Company LLC decreased their target price on Walt Disney from $145.00 to $110.00 and set a “buy” rating on the stock in a research report on Thursday, August 8th. Evercore ISI lowered their target price on Walt Disney from $128.00 to $105.00 and set an “outperform” rating for the company in a research report on Thursday, August 8th. Moffett Nathanson cut their target price on shares of Walt Disney from $130.00 to $125.00 and set a “buy” rating for the company in a report on Tuesday, July 2nd. UBS Group decreased their price target on shares of Walt Disney from $130.00 to $120.00 and set a “buy” rating on the stock in a research note on Thursday, August 8th. Finally, Wells Fargo & Company reduced their target price on shares of Walt Disney from $136.00 to $116.00 and set an “overweight” rating on the stock in a report on Thursday, August 8th. Three analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the stock. Based on data from MarketBeat.com, Walt Disney presently has a consensus rating of “Moderate Buy” and a consensus price target of $117.95.

Insider Activity at Walt Disney

In related news, Director Calvin Mcdonald purchased 11,756 shares of the business’s stock in a transaction on Thursday, August 8th. The shares were acquired at an average price of $85.06 per share, for a total transaction of $999,965.36. Following the purchase, the director now owns 22,313 shares of the company’s stock, valued at approximately $1,897,943.78. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.10% of the stock is currently owned by insiders.

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.