The Walt Disney Company (NYSE:DIS) Shares Sold by Game Plan Financial Advisors LLC

Game Plan Financial Advisors LLC lowered its position in The Walt Disney Company (NYSE:DIS) by 1.2% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 13,910 shares of the entertainment giant’s stock after selling 169 shares during the period. Game Plan Financial Advisors LLC’s holdings in Walt Disney were worth $1,381,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Gold Investment Management Ltd. acquired a new stake in Walt Disney in the 4th quarter worth about $28,000. ESL Trust Services LLC purchased a new position in Walt Disney in the 1st quarter valued at $31,000. Partnership Wealth Management LLC purchased a new stake in shares of Walt Disney during the fourth quarter worth $33,000. Frank Rimerman Advisors LLC acquired a new stake in shares of Walt Disney in the fourth quarter valued at about $37,000. Finally, Beaird Harris Wealth Management LLC lifted its stake in shares of Walt Disney by 30.7% in the fourth quarter. Beaird Harris Wealth Management LLC now owns 498 shares of the entertainment giant’s stock worth $45,000 after buying an additional 117 shares in the last quarter. Hedge funds and other institutional investors own 65.71% of the company’s stock.

Insider Buying and Selling

In related news, Director Calvin Mcdonald purchased 11,756 shares of Walt Disney stock in a transaction on Thursday, August 8th. The shares were bought at an average price of $85.06 per share, with a total value of $999,965.36. Following the transaction, 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 Securities & Exchange Commission, which is available through the SEC website. 0.10% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

DIS has been the subject of a number of recent research reports. Deutsche Bank Aktiengesellschaft cut their price objective on shares of Walt Disney from $130.00 to $115.00 and set a “buy” rating for the company in a report on Thursday, August 8th. Moffett Nathanson reduced their price objective on Walt Disney from $130.00 to $125.00 and set a “buy” rating on the stock in a research report on Tuesday, July 2nd. Raymond James dropped their target price on Walt Disney from $123.00 to $101.00 and set an “outperform” rating for the company in a report on Thursday, August 8th. Evercore ISI reduced their price target on Walt Disney from $128.00 to $105.00 and set an “outperform” rating on the stock in a report on Thursday, August 8th. Finally, Barclays dropped their price objective on shares of Walt Disney from $130.00 to $105.00 and set an “overweight” rating for the company in a report on Thursday, August 8th. Three investment analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the company’s stock. According to data from MarketBeat.com, Walt Disney currently has a consensus rating of “Moderate Buy” and a consensus price target of $117.95.

Walt Disney Stock Up 0.6 %

Shares of NYSE DIS traded up $0.57 during midday trading on Friday, hitting $90.38. The company’s stock had a trading volume of 8,403,632 shares, compared to its average volume of 12,724,822. 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 firm has a market capitalization of $163.91 billion, a price-to-earnings ratio of 98.24, a price-to-earnings-growth ratio of 1.34 and a beta of 1.40. The business’s fifty day simple moving average is $93.23 and its two-hundred day simple moving average is $103.99. The Walt Disney Company has a 1 year low of $78.73 and a 1 year high of $123.74.

Walt Disney (NYSE:DIS) last issued its quarterly earnings results on Wednesday, August 7th. The entertainment giant reported $1.39 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 analysts’ expectations of $23.08 billion. During the same quarter last year, the company posted $1.03 EPS. The firm’s revenue was up 3.9% compared to the same quarter last year. On average, equities analysts predict 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.