The Walt Disney Company (NYSE:DIS) Shares Sold by ICA Group Wealth Management LLC

ICA Group Wealth Management LLC lowered its stake in The Walt Disney Company (NYSE:DIS) by 87.2% during the second quarter, HoldingsChannel reports. The institutional investor owned 436 shares of the entertainment giant’s stock after selling 2,959 shares during the quarter. ICA Group Wealth Management LLC’s holdings in Walt Disney were worth $43,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the stock. Hanson & Doremus Investment Management increased its stake in Walt Disney by 6.5% during the second quarter. Hanson & Doremus Investment Management now owns 48,656 shares of the entertainment giant’s stock worth $4,831,000 after purchasing an additional 2,982 shares during the period. Diversify Wealth Management LLC purchased a new stake in Walt Disney during the second quarter worth about $2,254,000. Williams Financial LLC purchased a new stake in Walt Disney during the second quarter worth about $1,109,000. Lyell Wealth Management LP increased its stake in Walt Disney by 1.3% during the second quarter. Lyell Wealth Management LP now owns 45,484 shares of the entertainment giant’s stock worth $4,516,000 after purchasing an additional 575 shares during the period. Finally, Guardian Wealth Management Inc. increased its stake in Walt Disney by 1.0% during the second quarter. Guardian Wealth Management Inc. now owns 11,985 shares of the entertainment giant’s stock worth $1,190,000 after purchasing an additional 123 shares during the period. Institutional investors and hedge funds own 65.71% of the company’s stock.

Walt Disney Price Performance

DIS stock opened at $90.55 on Monday. The company has a market capitalization of $164.22 billion, a P/E ratio of 98.42, a PEG ratio of 1.31 and a beta of 1.40. The Walt Disney Company has a twelve month low of $78.73 and a twelve month high of $123.74. The business has a 50 day simple moving average of $91.06 and a 200-day simple moving average of $102.49. The company has a current ratio of 0.72, a quick ratio of 0.66 and a debt-to-equity ratio of 0.38.

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

Insider Activity

In related news, Director Calvin Mcdonald purchased 11,756 shares of the firm’s stock in a transaction that occurred on Thursday, August 8th. The stock was purchased at an average cost of $85.06 per share, with a total value of $999,965.36. Following the completion of the acquisition, the director now directly owns 22,313 shares in the company, valued at $1,897,943.78. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 0.10% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on DIS shares. 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 research note on Monday, August 5th. JPMorgan Chase & Co. cut their target price on shares of Walt Disney from $135.00 to $125.00 and set an “overweight” rating on the stock in a research note 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 on the stock in a research note on Tuesday, July 2nd. Loop Capital cut their target price on shares of Walt Disney from $139.00 to $130.00 and set a “buy” rating on the stock in a research note on Tuesday, July 30th. Finally, Bank of America cut their target price on shares of Walt Disney from $145.00 to $120.00 and set a “buy” rating on the stock in a research note on Thursday, August 8th. Three equities research analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price 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.