Wealthspire Advisors LLC Decreases Position in The Walt Disney Company (NYSE:DIS)

Wealthspire Advisors LLC decreased its stake in The Walt Disney Company (NYSE:DIS) by 5.8% in the second quarter, Holdings Channel.com reports. The firm owned 22,824 shares of the entertainment giant’s stock after selling 1,407 shares during the period. Wealthspire Advisors LLC’s holdings in Walt Disney were worth $2,266,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the stock. Mcdonald Partners LLC boosted its holdings in shares of Walt Disney by 0.5% in the 1st quarter. Mcdonald Partners LLC now owns 17,975 shares of the entertainment giant’s stock valued at $2,199,000 after buying an additional 88 shares in the last quarter. Sendero Wealth Management LLC boosted its holdings in Walt Disney by 2.0% in the first quarter. Sendero Wealth Management LLC now owns 4,649 shares of the entertainment giant’s stock worth $569,000 after acquiring an additional 89 shares in the last quarter. McKinley Carter Wealth Services Inc. grew its stake in shares of Walt Disney by 1.5% during the first quarter. McKinley Carter Wealth Services Inc. now owns 5,894 shares of the entertainment giant’s stock worth $721,000 after acquiring an additional 89 shares during the last quarter. Pflug Koory LLC increased its holdings in shares of Walt Disney by 1.0% during the first quarter. Pflug Koory LLC now owns 8,993 shares of the entertainment giant’s stock valued at $1,100,000 after acquiring an additional 91 shares in the last quarter. Finally, Regent Peak Wealth Advisors LLC raised its position in shares of Walt Disney by 3.5% in the 1st quarter. Regent Peak Wealth Advisors LLC now owns 2,801 shares of the entertainment giant’s stock valued at $343,000 after purchasing an additional 94 shares during the last quarter. Institutional investors own 65.71% of the company’s stock.

Walt Disney Stock Up 1.4 %

Walt Disney stock opened at $90.55 on Friday. 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 $164.22 billion, a PE ratio of 98.42, a price-to-earnings-growth ratio of 1.31 and a beta of 1.40. 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 $91.06 and a 200-day simple moving average of $102.55.

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

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the stock. 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 research note on Thursday, August 8th. Evercore ISI cut their target price on Walt Disney from $128.00 to $105.00 and set an “outperform” rating on the stock in a research report on Thursday, August 8th. Bank of America lowered their price target on Walt Disney from $145.00 to $120.00 and set a “buy” rating for the company in a research report on Thursday, August 8th. UBS Group reduced their price objective on Walt Disney from $130.00 to $120.00 and set a “buy” rating for the company in a research note on Thursday, August 8th. Finally, Loop Capital dropped their target price on Walt Disney from $139.00 to $130.00 and set a “buy” rating on the stock in a research report on Tuesday, July 30th. Three investment 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.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $117.95.

Insider Buying and Selling

In other news, Director Calvin Mcdonald bought 11,756 shares of the firm’s stock in a transaction dated Thursday, August 8th. The shares were acquired at an average price of $85.06 per share, for a total transaction of $999,965.36. Following the completion of the transaction, the director now directly owns 22,313 shares in the company, valued at approximately $1,897,943.78. The acquisition 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 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.