The Walt Disney Company (NYSE:DIS) Shares Sold by Private Advisor Group LLC

Private Advisor Group LLC reduced its position in shares of The Walt Disney Company (NYSE:DISGet Rating) by 1.6% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 355,608 shares of the entertainment giant’s stock after selling 5,920 shares during the period. Private Advisor Group LLC’s holdings in Walt Disney were worth $33,570,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Clear Perspectives Financial Planning LLC lifted its holdings in shares of Walt Disney by 126.3% during the 1st quarter. Clear Perspectives Financial Planning LLC now owns 181 shares of the entertainment giant’s stock worth $25,000 after acquiring an additional 101 shares during the period. Roble Belko & Company Inc lifted its holdings in shares of Walt Disney by 96.2% during the 1st quarter. Roble Belko & Company Inc now owns 206 shares of the entertainment giant’s stock worth $28,000 after acquiring an additional 101 shares during the period. Worth Asset Management LLC purchased a new position in shares of Walt Disney during the 1st quarter worth about $29,000. Rational Advisors LLC lifted its holdings in shares of Walt Disney by 74.1% during the 1st quarter. Rational Advisors LLC now owns 242 shares of the entertainment giant’s stock worth $33,000 after acquiring an additional 103 shares during the period. Finally, MBM Wealth Consultants LLC lifted its holdings in shares of Walt Disney by 94.7% during the 4th quarter. MBM Wealth Consultants LLC now owns 220 shares of the entertainment giant’s stock worth $34,000 after acquiring an additional 107 shares during the period. 61.37% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Walt Disney

In other news, EVP Brent Woodford sold 3,000 shares of the firm’s stock in a transaction that occurred on Friday, August 12th. The shares were sold at an average price of $119.03, for a total transaction of $357,090.00. Following the completion of the sale, the executive vice president now owns 28,624 shares of the company’s stock, valued at $3,407,114.72. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.10% of the company’s stock.

Walt Disney Trading Down 2.2 %

DIS opened at $102.16 on Friday. The firm has a market capitalization of $186.24 billion, a P/E ratio of 59.40, a P/E/G ratio of 1.40 and a beta of 1.20. The firm’s 50 day moving average is $110.43 and its 200-day moving average is $113.15. The Walt Disney Company has a 52-week low of $90.23 and a 52-week high of $179.63. The company has a quick ratio of 0.97, a current ratio of 1.02 and a debt-to-equity ratio of 0.48.

Walt Disney (NYSE:DISGet Rating) last released its quarterly earnings results on Wednesday, August 10th. The entertainment giant reported $1.09 earnings per share for the quarter, topping analysts’ consensus estimates of $0.99 by $0.10. Walt Disney had a net margin of 3.87% and a return on equity of 7.20%. The business had revenue of $21.50 billion during the quarter, compared to the consensus estimate of $21.01 billion. During the same quarter last year, the company earned $0.80 earnings per share. The business’s quarterly revenue was up 26.5% compared to the same quarter last year. Analysts expect that The Walt Disney Company will post 3.85 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on DIS shares. Morgan Stanley cut their price objective on shares of Walt Disney from $170.00 to $125.00 and set an “overweight” rating on the stock in a report on Thursday, June 30th. StockNews.com upgraded shares of Walt Disney from a “sell” rating to a “hold” rating in a report on Thursday, August 11th. Truist Financial cut their price objective on shares of Walt Disney from $135.00 to $125.00 and set a “buy” rating on the stock in a report on Tuesday, July 26th. Credit Suisse Group cut their price target on shares of Walt Disney from $170.00 to $157.00 and set an “outperform” rating on the stock in a report on Thursday, August 11th. Finally, Moffett Nathanson cut their price target on shares of Walt Disney to $120.00 in a report on Friday, July 22nd. Five research analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Walt Disney presently has a consensus rating of “Moderate Buy” and an average price target of $151.48.

About Walt Disney

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The Walt Disney Company, together with its subsidiaries, operates as an entertainment company worldwide. It operates through two segments, Disney Media and Entertainment Distribution; and Disney Parks, Experiences and Products. The company engages in the film and episodic television content production and distribution activities, as well as operates television broadcast networks under the ABC, Disney, ESPN, Freeform, FX, Fox, National Geographic, and Star brands; and studios that produces motion pictures under the Walt Disney Pictures, Twentieth Century Studios, Marvel, Lucasfilm, Pixar, and Searchlight Pictures banners.

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Institutional Ownership by Quarter for Walt Disney (NYSE:DIS)

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