The Walt Disney Company (NYSE:DIS) Shares Sold by Financial Advocates Investment Management

Financial Advocates Investment Management lessened its stake in The Walt Disney Company (NYSE:DIS) by 17.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 12,284 shares of the entertainment giant’s stock after selling 2,600 shares during the quarter. Financial Advocates Investment Management’s holdings in Walt Disney were worth $1,182,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in DIS. GLOBALT Investments LLC GA acquired a new position in Walt Disney in the 1st quarter valued at about $247,000. Mitchell Mcleod Pugh & Williams Inc. lifted its holdings in Walt Disney by 12.7% in the first quarter. Mitchell Mcleod Pugh & Williams Inc. now owns 17,659 shares of the entertainment giant’s stock worth $2,161,000 after acquiring an additional 1,985 shares during the last quarter. Tokio Marine Asset Management Co. Ltd. increased its stake in shares of Walt Disney by 1.0% in the first quarter. Tokio Marine Asset Management Co. Ltd. now owns 105,408 shares of the entertainment giant’s stock valued at $12,898,000 after purchasing an additional 1,090 shares during the period. Choreo LLC boosted its holdings in Walt Disney by 4.7% during the first quarter. Choreo LLC now owns 49,645 shares of the entertainment giant’s stock worth $6,074,000 after buying an additional 2,237 shares in the last quarter. Finally, BNP Paribas bought a new stake in Walt Disney during the first quarter worth approximately $40,637,000. Institutional investors and hedge funds own 65.71% of the company’s stock.

Walt Disney Stock Down 0.4 %

Shares of DIS stock opened at $95.81 on Friday. The stock’s 50-day simple moving average is $93.16 and its 200-day simple moving average is $97.57. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.66 and a current ratio of 0.72. The firm has a market capitalization of $173.76 billion, a PE ratio of 36.85, a P/E/G ratio of 1.51 and a beta of 1.40. The Walt Disney Company has a fifty-two week low of $81.82 and a fifty-two week high of $123.74.

Walt Disney (NYSE:DIS) last posted its quarterly 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 firm had revenue of $23.20 billion during the quarter, compared to analysts’ expectations of $23.08 billion. During the same quarter last year, the firm earned $1.03 earnings per share. The business’s revenue for the quarter was up 3.9% on a year-over-year basis. Equities analysts expect that The Walt Disney Company will post 4.93 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the stock. UBS Group decreased their price objective on shares of Walt Disney from $130.00 to $120.00 and set a “buy” rating for the company in a report on Thursday, August 8th. Wells Fargo & Company cut their price objective on shares of Walt Disney from $136.00 to $116.00 and set an “overweight” rating on the stock in a report on Thursday, August 8th. Raymond James reaffirmed a “market perform” rating on shares of Walt Disney in a research report on Tuesday, October 1st. Loop Capital cut their target price 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. Finally, Seaport Res Ptn upgraded shares of Walt Disney from a “hold” rating to a “strong-buy” rating in a research report on Monday, September 30th. Five analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Walt Disney has a consensus rating of “Moderate Buy” and an average target price of $118.05.

Insider Transactions at Walt Disney

In other Walt Disney news, Director Calvin Mcdonald bought 11,756 shares of the company’s stock in a transaction on Thursday, August 8th. The shares were bought at an average price of $85.06 per share, for a total transaction of $999,965.36. Following the transaction, the director now owns 22,313 shares of the company’s stock, valued at approximately $1,897,943.78. This trade represents a 100.00 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.10% of the company’s stock.

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.