The Walt Disney Company (NYSE:DIS) Shares Sold by Weil Company Inc.

Weil Company Inc. trimmed its position in shares of The Walt Disney Company (NYSE:DIS) by 13.2% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 18,981 shares of the entertainment giant’s stock after selling 2,894 shares during the period. Weil Company Inc.’s holdings in Walt Disney were worth $1,885,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in DIS. Gold Investment Management Ltd. purchased a new stake in shares of Walt Disney in the 4th quarter valued at approximately $28,000. ESL Trust Services LLC acquired a new position in shares of Walt Disney during the first quarter worth $31,000. Partnership Wealth Management LLC purchased a new position in Walt Disney in the fourth quarter valued at $33,000. Frank Rimerman Advisors LLC acquired a new stake in Walt Disney in the fourth quarter valued at $37,000. Finally, Mascoma Wealth Management LLC lifted its holdings in Walt Disney by 38.0% during the 2nd quarter. Mascoma Wealth Management LLC now owns 443 shares of the entertainment giant’s stock worth $44,000 after buying an additional 122 shares during the last quarter. Institutional investors and hedge funds own 65.71% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently commented on DIS shares. UBS Group dropped their price objective on Walt Disney from $130.00 to $120.00 and set a “buy” rating on the stock in a report on Thursday, August 8th. The Goldman Sachs Group started coverage on shares of Walt Disney in a research note on Tuesday, June 25th. They issued a “buy” rating and a $125.00 price target on the stock. Loop Capital reduced their price objective on shares of Walt Disney from $139.00 to $130.00 and set a “buy” rating for the company in a research report on Tuesday, July 30th. Morgan Stanley dropped their target price on shares of Walt Disney from $130.00 to $110.00 and set an “overweight” rating on the stock in a research report on Monday, August 5th. Finally, Moffett Nathanson reduced their price target on shares of Walt Disney from $130.00 to $125.00 and set a “buy” rating for the company in a research report on Tuesday, July 2nd. Three analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $117.95.

Insiders Place Their Bets

In other Walt Disney news, Director Calvin Mcdonald purchased 11,756 shares of Walt Disney stock in a transaction dated Thursday, August 8th. The stock was acquired at an average cost of $85.06 per share, with a total value of $999,965.36. Following the acquisition, the director now directly owns 22,313 shares of the company’s stock, valued at $1,897,943.78. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. 0.10% of the stock is currently owned by insiders.

Walt Disney Price Performance

Walt Disney stock opened at $87.98 on Friday. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.72 and a quick ratio of 0.66. The business has a 50 day simple moving average of $91.98 and a 200-day simple moving average of $103.26. The Walt Disney Company has a 12 month low of $78.73 and a 12 month high of $123.74. The stock has a market capitalization of $160.39 billion, a PE ratio of 95.63, a price-to-earnings-growth ratio of 1.34 and a beta of 1.40.

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

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.