The Walt Disney Company (NYSE:DIS) Stake Lowered by Wealth Alliance

Wealth Alliance cut its stake in shares of The Walt Disney Company (NYSE:DIS) by 1.4% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 20,608 shares of the entertainment giant’s stock after selling 288 shares during the quarter. Wealth Alliance’s holdings in Walt Disney were worth $2,046,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Vaughan Nelson Investment Management L.P. grew its holdings in shares of Walt Disney by 84.6% during the first quarter. Vaughan Nelson Investment Management L.P. now owns 2,000,267 shares of the entertainment giant’s stock valued at $244,754,000 after purchasing an additional 916,772 shares during the last quarter. Jennison Associates LLC bought a new position in shares of Walt Disney during the first quarter valued at approximately $1,490,492,000. Mirae Asset Global Investments Co. Ltd. grew its holdings in shares of Walt Disney by 4.2% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 556,658 shares of the entertainment giant’s stock valued at $68,113,000 after purchasing an additional 22,568 shares during the last quarter. Rheos Capital Works Inc. grew its holdings in shares of Walt Disney by 41.3% during the first quarter. Rheos Capital Works Inc. now owns 175,900 shares of the entertainment giant’s stock valued at $21,523,000 after purchasing an additional 51,400 shares during the last quarter. Finally, Nordea Investment Management AB grew its holdings in Walt Disney by 555.9% in the 1st quarter. Nordea Investment Management AB now owns 956,788 shares of the entertainment giant’s stock worth $117,599,000 after buying an additional 810,923 shares in the last quarter. 65.71% of the stock is owned by institutional investors.

Insider Activity

In other Walt Disney news, Director Calvin Mcdonald bought 11,756 shares of Walt Disney stock in a transaction dated Thursday, August 8th. The stock was bought 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 directly owns 22,313 shares of the company’s stock, valued at $1,897,943.78. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 0.10% of the company’s stock.

Walt Disney Price Performance

DIS opened at $92.89 on Wednesday. The stock has a fifty day moving average of $90.86 and a 200-day moving average of $102.22. The firm has a market capitalization of $169.34 billion, a P/E ratio of 100.97, a PEG ratio of 1.31 and a beta of 1.40. The Walt Disney Company has a 12-month low of $78.73 and a 12-month high of $123.74. The company has a quick ratio of 0.66, a current ratio of 0.72 and a debt-to-equity ratio of 0.38.

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

Analyst Ratings Changes

DIS has been the subject of a number of recent analyst reports. Raymond James decreased their price objective on Walt Disney from $123.00 to $101.00 and set an “outperform” rating for the company in a report on Thursday, August 8th. Deutsche Bank Aktiengesellschaft decreased their price objective on Walt Disney from $130.00 to $115.00 and set a “buy” rating for the company in a report on Thursday, August 8th. The Goldman Sachs Group initiated coverage on Walt Disney in a report on Tuesday, June 25th. They issued a “buy” rating and a $125.00 price objective for the company. Redburn Atlantic raised Walt Disney from a “sell” rating to a “neutral” rating and set a $100.00 price objective for the company in a report on Tuesday, May 21st. Finally, Wells Fargo & Company decreased their price objective on Walt Disney from $136.00 to $116.00 and set an “overweight” rating for the company in a report on Thursday, August 8th. Three analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price 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.