Private Advisor Group LLC Lowers Holdings in The Walt Disney Company (NYSE:DIS)

Private Advisor Group LLC trimmed its position in The Walt Disney Company (NYSE:DIS) by 3.4% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 252,564 shares of the entertainment giant’s stock after selling 8,773 shares during the quarter. Private Advisor Group LLC’s holdings in Walt Disney were worth $30,904,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Mcdonald Partners LLC increased its stake 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 during the period. Sendero Wealth Management LLC increased its stake in shares of Walt Disney by 2.0% in the 1st quarter. Sendero Wealth Management LLC now owns 4,649 shares of the entertainment giant’s stock valued at $569,000 after buying an additional 89 shares during the period. McKinley Carter Wealth Services Inc. increased its stake in shares of Walt Disney by 1.5% in the 1st quarter. McKinley Carter Wealth Services Inc. now owns 5,894 shares of the entertainment giant’s stock valued at $721,000 after buying an additional 89 shares during the period. Pflug Koory LLC increased its stake in shares of Walt Disney by 1.0% in the 1st quarter. Pflug Koory LLC now owns 8,993 shares of the entertainment giant’s stock valued at $1,100,000 after buying an additional 91 shares during the period. Finally, McLean Asset Management Corp increased its stake in shares of Walt Disney by 3.2% in the 1st quarter. McLean Asset Management Corp now owns 3,137 shares of the entertainment giant’s stock valued at $370,000 after buying an additional 96 shares during the period. 65.71% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, Director James P. Gorman bought 20,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 8th. The shares were acquired at an average price of $106.03 per share, for a total transaction of $2,120,600.00. Following the completion of the acquisition, the director now owns 20,467 shares of the company’s stock, valued at approximately $2,170,116.01. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other Walt Disney news, Director James P. Gorman purchased 20,000 shares of the stock in a transaction on Wednesday, May 8th. The shares were purchased at an average price of $106.03 per share, with a total value of $2,120,600.00. Following the completion of the transaction, the director now directly owns 20,467 shares in the company, valued at $2,170,116.01. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Sonia L. Coleman sold 4,400 shares of the business’s stock in a transaction that occurred on Thursday, May 9th. The stock was sold at an average price of $106.00, for a total value of $466,400.00. The disclosure for this sale can be found here. 0.10% of the stock is currently owned by corporate insiders.

Walt Disney Stock Down 0.6 %

Shares of Walt Disney stock traded down $0.62 during trading on Friday, reaching $97.99. The stock had a trading volume of 7,630,695 shares, compared to its average volume of 11,451,454. The company has a market capitalization of $178.64 billion, a price-to-earnings ratio of 106.51, a P/E/G ratio of 1.23 and a beta of 1.40. The stock has a fifty day moving average price of $103.58 and a two-hundred day moving average price of $104.72. The Walt Disney Company has a 52 week low of $78.73 and a 52 week high of $123.74. The company has a current ratio of 0.75, a quick ratio of 0.69 and a debt-to-equity ratio of 0.38.

Walt Disney (NYSE:DIS) last released its earnings results on Tuesday, May 7th. The entertainment giant reported $1.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.12 by $0.09. Walt Disney had a return on equity of 8.37% and a net margin of 1.90%. The business had revenue of $22.08 billion for the quarter, compared to analyst estimates of $22.12 billion. During the same quarter in the prior year, the company posted $0.93 earnings per share. Walt Disney’s revenue was up 1.2% on a year-over-year basis. Sell-side analysts predict that The Walt Disney Company will post 4.75 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on DIS shares. Rosenblatt Securities lifted their target price on Walt Disney from $129.00 to $137.00 and gave the company a “buy” rating in a research note on Tuesday, April 2nd. The Goldman Sachs Group initiated coverage on Walt Disney in a research note on Tuesday, June 25th. They set a “buy” rating and a $125.00 price objective for the company. Barclays decreased their price objective on Walt Disney from $135.00 to $130.00 and set an “overweight” rating for the company in a research note on Wednesday, May 8th. Bank of America lifted their price objective on Walt Disney from $130.00 to $145.00 and gave the stock a “buy” rating in a research note on Monday, April 1st. Finally, JPMorgan Chase & Co. initiated coverage on Walt Disney in a research note on Thursday, April 11th. They set an “overweight” rating and a $140.00 price objective for the company. One research analyst has rated the stock with a sell rating, three have given a hold rating and twenty-three have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $126.44.

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.