The Walt Disney Company (NYSE:DIS) Shares Sold by Detalus Advisors LLC

Detalus Advisors LLC decreased its holdings in shares of The Walt Disney Company (NYSE:DIS) by 24.8% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 4,054 shares of the entertainment giant’s stock after selling 1,336 shares during the quarter. Detalus Advisors LLC’s holdings in Walt Disney were worth $390,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. ESL Trust Services LLC acquired a new stake in Walt Disney during the 1st quarter worth approximately $31,000. William B. Walkup & Associates Inc. acquired a new position in shares of Walt Disney in the second quarter valued at approximately $32,000. Red Tortoise LLC lifted its holdings in shares of Walt Disney by 141.4% during the first quarter. Red Tortoise LLC now owns 367 shares of the entertainment giant’s stock worth $45,000 after purchasing an additional 215 shares during the period. O Brien Wealth Partners LLC purchased a new position in Walt Disney in the 1st quarter valued at $51,000. Finally, Mascoma Wealth Management LLC increased its stake in Walt Disney by 38.0% in the 2nd quarter. Mascoma Wealth Management LLC now owns 443 shares of the entertainment giant’s stock valued at $44,000 after buying an additional 122 shares during the period. Hedge funds and other institutional investors own 65.71% of the company’s stock.

Insider Activity at Walt Disney

In related news, Director Calvin Mcdonald acquired 11,756 shares of the company’s stock in a transaction dated Thursday, August 8th. The stock was bought at an average price of $85.06 per share, with a total value of $999,965.36. Following the purchase, the director now directly owns 22,313 shares in the company, valued at $1,897,943.78. The trade was a 100.00 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders own 0.10% of the company’s stock.

Walt Disney Price Performance

Shares of DIS traded down $0.03 during trading hours on Wednesday, reaching $96.71. 1,539,237 shares of the company traded hands, compared to its average volume of 10,894,867. The stock has a market capitalization of $176.31 billion, a PE ratio of 105.43, a price-to-earnings-growth ratio of 1.49 and a beta of 1.40. The Walt Disney Company has a fifty-two week low of $79.23 and a fifty-two week high of $123.74. 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 stock has a fifty day simple moving average of $92.16 and a 200 day simple moving average of $98.45.

Walt Disney (NYSE:DIS) last released its earnings results on Wednesday, August 7th. The entertainment giant reported $1.39 EPS for the quarter, topping the consensus estimate of $1.20 by $0.19. Walt Disney had a net margin of 5.30% and a return on equity of 8.64%. The firm had revenue of $23.20 billion during the quarter, compared to analysts’ expectations of $23.08 billion. During the same period in the previous year, the company earned $1.03 EPS. Walt Disney’s revenue for the quarter was up 3.9% on a year-over-year basis. As a group, research analysts predict that The Walt Disney Company will post 4.92 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

DIS has been the topic of a number of recent analyst reports. The Goldman Sachs Group assumed coverage on shares of Walt Disney in a research note on Tuesday, June 25th. They set a “buy” rating and a $125.00 price target on the stock. Deutsche Bank Aktiengesellschaft dropped their target price on Walt Disney from $130.00 to $115.00 and set a “buy” rating on the stock in a research report on Thursday, August 8th. UBS Group decreased their price target on Walt Disney from $130.00 to $120.00 and set a “buy” rating on the stock in a research note on Thursday, August 8th. Loop Capital cut their price objective on Walt Disney from $139.00 to $130.00 and set a “buy” rating for the company in a research report on Tuesday, July 30th. Finally, Wells Fargo & Company decreased their target price on shares of Walt Disney from $136.00 to $116.00 and set an “overweight” rating on the stock in a research report on Thursday, August 8th. Five investment analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Walt Disney presently has a consensus rating of “Moderate Buy” and an average target price of $118.05.

About Walt Disney

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.