Connable Office Inc. Has $3.47 Million Stock Holdings in The Walt Disney Company (NYSE:DIS)

Connable Office Inc. lessened its stake in shares of The Walt Disney Company (NYSE:DIS) by 3.6% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 34,940 shares of the entertainment giant’s stock after selling 1,288 shares during the period. Connable Office Inc.’s holdings in Walt Disney were worth $3,469,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of DIS. Prudential PLC lifted its holdings in shares of Walt Disney by 3.5% during the second quarter. Prudential PLC now owns 146,781 shares of the entertainment giant’s stock worth $14,574,000 after purchasing an additional 4,963 shares during the period. Ping Capital Management Inc. acquired a new position in Walt Disney during the 2nd quarter worth about $248,000. Quest Partners LLC grew its position in shares of Walt Disney by 36,460.0% in the 2nd quarter. Quest Partners LLC now owns 3,656 shares of the entertainment giant’s stock valued at $363,000 after buying an additional 3,646 shares during the last quarter. Stonekeep Investments LLC acquired a new stake in shares of Walt Disney in the second quarter valued at about $389,000. Finally, Oak Thistle LLC bought a new position in shares of Walt Disney during the second quarter worth about $853,000. 65.71% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Walt Disney

In other news, Director Calvin Mcdonald purchased 11,756 shares of the business’s stock in a transaction that occurred on Thursday, August 8th. The shares were acquired at an average cost of $85.06 per share, for a total transaction of $999,965.36. Following the completion of the acquisition, the director now owns 22,313 shares in the company, valued at $1,897,943.78. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.10% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several analysts recently commented on the company. 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 target price 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 research report on Thursday, August 8th. JPMorgan Chase & Co. dropped their target price on shares of Walt Disney from $135.00 to $125.00 and set an “overweight” rating on the stock in a report on Thursday, August 8th. Macquarie lowered their price objective on Walt Disney from $107.00 to $94.00 and set a “neutral” rating for the company in a research report on Monday, August 12th. Finally, Loop Capital cut 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. According to MarketBeat, Walt Disney presently has a consensus rating of “Moderate Buy” and an average price target of $117.95.

Walt Disney Trading Up 0.3 %

NYSE:DIS opened at $88.22 on Monday. 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 Walt Disney Company has a one year low of $78.73 and a one year high of $123.74. The company has a market cap of $159.99 billion, a PE ratio of 95.59, a PEG ratio of 1.31 and a beta of 1.40. The firm has a 50-day moving average of $91.98 and a 200-day moving average of $103.19.

Walt Disney (NYSE:DIS) last issued its quarterly earnings data on Wednesday, August 7th. The entertainment giant reported $1.39 EPS for the quarter, topping analysts’ consensus estimates 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 analyst estimates of $23.08 billion. During the same period in the previous year, the company posted $1.03 EPS. The company’s revenue for the quarter was up 3.9% on a year-over-year basis. As a group, equities research analysts expect that The Walt Disney Company will post 4.92 EPS for the current fiscal 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.