Prestige Wealth Management Group LLC Sells 739 Shares of The Walt Disney Company (NYSE:DIS)

Prestige Wealth Management Group LLC cut its holdings in shares of The Walt Disney Company (NYSE:DIS) by 8.5% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 8,006 shares of the entertainment giant’s stock after selling 739 shares during the period. Prestige Wealth Management Group LLC’s holdings in Walt Disney were worth $795,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Norges Bank bought a new position in Walt Disney in the 4th quarter valued at approximately $1,938,647,000. Jennison Associates LLC bought a new position in shares of Walt Disney in the 1st quarter valued at $1,490,492,000. Capital World Investors boosted its holdings in shares of Walt Disney by 3,332.4% during the 1st quarter. Capital World Investors now owns 6,267,593 shares of the entertainment giant’s stock valued at $766,903,000 after acquiring an additional 6,084,993 shares in the last quarter. ValueAct Holdings L.P. bought a new stake in Walt Disney during the 4th quarter worth $459,245,000. Finally, Swedbank AB acquired a new position in Walt Disney in the 1st quarter worth about $493,715,000. Institutional investors and hedge funds own 65.71% of the company’s stock.

Walt Disney Stock Down 0.8 %

NYSE DIS traded down $0.71 on Friday, hitting $87.94. 7,791,503 shares of the company were exchanged, compared to its average volume of 11,356,279. The Walt Disney Company has a 12 month low of $78.73 and a 12 month high of $123.74. The company has a current ratio of 0.72, a quick ratio of 0.66 and a debt-to-equity ratio of 0.38. The company has a market cap of $160.32 billion, a PE ratio of 95.59, a PEG ratio of 1.34 and a beta of 1.40. The stock has a fifty day moving average of $91.98 and a 200-day moving average of $103.22.

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

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on DIS. Deutsche Bank Aktiengesellschaft reduced their price target on Walt Disney from $130.00 to $115.00 and set a “buy” rating on the stock in a report on Thursday, August 8th. The Goldman Sachs Group began coverage on shares of Walt Disney in a report on Tuesday, June 25th. They set a “buy” rating and a $125.00 target price on the stock. Loop Capital dropped their price target on shares of Walt Disney from $139.00 to $130.00 and set a “buy” rating for the company in a research note on Tuesday, July 30th. Evercore ISI reduced their price objective on shares of Walt Disney from $128.00 to $105.00 and set an “outperform” rating on the stock in a research note on Thursday, August 8th. Finally, Barclays cut their target price on Walt Disney from $130.00 to $105.00 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 company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $117.95.

Insider Buying and Selling at Walt Disney

In other Walt Disney news, Director Calvin Mcdonald acquired 11,756 shares of the stock in a transaction on Thursday, August 8th. The shares were purchased at an average price of $85.06 per share, for a total transaction of $999,965.36. Following the completion of the acquisition, the director now owns 22,313 shares in the company, valued at approximately $1,897,943.78. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 0.10% of the company’s stock.

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.