Trifecta Capital Advisors LLC Sells 1,130 Shares of The Walt Disney Company (NYSE:DIS)

Trifecta Capital Advisors LLC trimmed its position in shares of The Walt Disney Company (NYSE:DIS) by 41.8% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,575 shares of the entertainment giant’s stock after selling 1,130 shares during the quarter. Trifecta Capital Advisors LLC’s holdings in Walt Disney were worth $152,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. grew its stake in Walt Disney by 1.5% in the first quarter. Vanguard Group Inc. now owns 153,769,084 shares of the entertainment giant’s stock worth $18,815,185,000 after purchasing an additional 2,325,582 shares during the period. Bank of New York Mellon Corp boosted its holdings in shares of Walt Disney by 10.8% during the 2nd quarter. Bank of New York Mellon Corp now owns 14,883,983 shares of the entertainment giant’s stock valued at $1,477,831,000 after buying an additional 1,449,730 shares in the last quarter. Legal & General Group Plc grew its position in shares of Walt Disney by 3.1% in the 2nd quarter. Legal & General Group Plc now owns 14,281,047 shares of the entertainment giant’s stock worth $1,417,958,000 after buying an additional 425,438 shares during the period. Jennison Associates LLC purchased a new stake in shares of Walt Disney in the 1st quarter worth about $1,490,492,000. Finally, Price T Rowe Associates Inc. MD increased its stake in shares of Walt Disney by 2.5% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 12,040,297 shares of the entertainment giant’s stock worth $1,473,252,000 after acquiring an additional 293,482 shares in the last quarter. Hedge funds and other institutional investors own 65.71% of the company’s stock.

Wall Street Analysts Forecast Growth

DIS has been the topic of a number of recent research reports. Loop Capital cut their price objective on shares of Walt Disney from $139.00 to $130.00 and set a “buy” rating on the stock in a report on Tuesday, July 30th. Barclays cut their price target on Walt Disney from $130.00 to $105.00 and set an “overweight” rating on the stock in a research note on Thursday, August 8th. Raymond James reiterated a “market perform” rating on shares of Walt Disney in a research note on Tuesday, October 1st. Morgan Stanley cut their target price on Walt Disney from $130.00 to $110.00 and set an “overweight” rating on the stock in a research note on Monday, August 5th. Finally, 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. Five research analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Walt Disney presently has an average rating of “Moderate Buy” and an average price target of $118.05.

Insider Transactions at Walt Disney

In related news, Director Calvin Mcdonald purchased 11,756 shares of the business’s stock in a transaction on Thursday, August 8th. The stock was acquired at an average price of $85.06 per share, with a total value of $999,965.36. Following the completion of the acquisition, 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 the SEC website. 0.10% of the stock is currently owned by company insiders.

Walt Disney Trading Down 0.2 %

Shares of NYSE:DIS opened at $96.53 on Friday. The stock’s 50-day simple moving average is $91.50 and its two-hundred day simple moving average is $99.22. The stock has a market capitalization of $175.98 billion, a price-to-earnings ratio of 104.92, a PEG ratio of 1.49 and a beta of 1.40. The Walt Disney Company has a 52-week low of $79.23 and a 52-week high of $123.74. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.66 and a current ratio of 0.72.

Walt Disney (NYSE:DIS) last announced its earnings results on Wednesday, August 7th. The entertainment giant reported $1.39 earnings per share (EPS) for the quarter, beating the consensus estimate 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 analyst estimates of $23.08 billion. During the same period in the previous year, the business posted $1.03 earnings per share. The firm’s quarterly revenue was up 3.9% compared to the same quarter last year. Analysts expect that The Walt Disney Company will post 4.92 EPS for the current year.

Walt Disney 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.