The Walt Disney Company (NYSE:DIS) Shares Sold by WealthPLAN Partners LLC

WealthPLAN Partners LLC lowered its stake in The Walt Disney Company (NYSE:DIS) by 10.6% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 3,900 shares of the entertainment giant’s stock after selling 464 shares during the quarter. WealthPLAN Partners LLC’s holdings in Walt Disney were worth $387,000 as of its most recent filing with the SEC.

Other hedge funds have also modified their holdings of the company. ESL Trust Services LLC acquired a new stake in Walt Disney in the first quarter valued at approximately $31,000. Gold Investment Management Ltd. acquired a new stake in Walt Disney during the 4th quarter valued at $28,000. Red Tortoise LLC increased its stake in Walt Disney by 141.4% during the 1st quarter. Red Tortoise LLC now owns 367 shares of the entertainment giant’s stock worth $45,000 after buying an additional 215 shares during the period. Frank Rimerman Advisors LLC acquired a new position in Walt Disney in the 4th quarter worth $37,000. Finally, O Brien Wealth Partners LLC purchased a new position in Walt Disney in the 1st quarter valued at about $51,000. 65.71% of the stock is currently owned by hedge funds and other institutional investors.

Walt Disney Price Performance

Shares of DIS opened at $92.89 on Wednesday. The Walt Disney Company has a 12 month low of $78.73 and a 12 month high of $123.74. 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 stock has a fifty day moving average price of $90.86 and a 200 day moving average price of $102.22. The company has a market cap of $169.34 billion, a P/E ratio of 100.97, a PEG ratio of 1.31 and a beta of 1.40.

Walt Disney (NYSE:DIS) last released its quarterly 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. The business had revenue of $23.20 billion during the quarter, compared to analyst estimates of $23.08 billion. Walt Disney had a net margin of 5.30% and a return on equity of 8.64%. The company’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 earnings per share. On average, research analysts forecast that The Walt Disney Company will post 4.92 earnings per share for the current year.

Insiders Place Their Bets

In other Walt Disney news, Director Calvin Mcdonald acquired 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, for a total transaction of $999,965.36. Following the completion of the transaction, the director now owns 22,313 shares in the company, valued at approximately $1,897,943.78. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.10% of the stock is owned by insiders.

Wall Street Analyst Weigh In

DIS has been the topic of several recent analyst reports. Deutsche Bank Aktiengesellschaft cut their price target on Walt Disney from $130.00 to $115.00 and set a “buy” rating on the stock in a research note on Thursday, August 8th. The Goldman Sachs Group began coverage on Walt Disney in a research note on Tuesday, June 25th. They set a “buy” rating and a $125.00 target price for the company. Bank of America decreased their price target on shares of Walt Disney from $145.00 to $120.00 and set a “buy” rating for the company in a research report on Thursday, August 8th. Needham & Company LLC cut their price target on shares of Walt Disney from $145.00 to $110.00 and set a “buy” rating on the stock in a report on Thursday, August 8th. Finally, Loop Capital decreased their price objective on shares of Walt Disney from $139.00 to $130.00 and set a “buy” rating for the company in a report on Tuesday, July 30th. Three equities research 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, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $117.95.

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.