Varma Mutual Pension Insurance Co Decreases Stake in The Walt Disney Company (NYSE:DIS)

Varma Mutual Pension Insurance Co reduced its holdings in shares of The Walt Disney Company (NYSE:DIS) by 11.2% during the second quarter, HoldingsChannel reports. The firm owned 313,244 shares of the entertainment giant’s stock after selling 39,328 shares during the period. Varma Mutual Pension Insurance Co’s holdings in Walt Disney were worth $31,102,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of DIS. Mcdonald Partners LLC raised its holdings in shares of Walt Disney by 0.5% during the first quarter. Mcdonald Partners LLC now owns 17,975 shares of the entertainment giant’s stock valued at $2,199,000 after purchasing an additional 88 shares during the last quarter. McKinley Carter Wealth Services Inc. raised its stake in Walt Disney by 1.5% during 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 last quarter. Sendero Wealth Management LLC raised its stake in Walt Disney by 2.0% during 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 last quarter. Pflug Koory LLC lifted its holdings in shares of Walt Disney by 1.0% during 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, Regent Peak Wealth Advisors LLC grew its holdings in shares of Walt Disney by 3.5% in the first quarter. Regent Peak Wealth Advisors LLC now owns 2,801 shares of the entertainment giant’s stock worth $343,000 after acquiring an additional 94 shares during the period. 65.71% of the stock is owned by hedge funds and other institutional investors.

Walt Disney Trading Down 0.8 %

NYSE DIS traded down $0.71 during trading on Friday, hitting $87.94. The stock had a trading volume of 7,791,503 shares, compared to its average volume of 11,356,279. The stock has a market capitalization of $160.32 billion, a price-to-earnings ratio of 95.59, a P/E/G ratio of 1.34 and a beta of 1.40. The stock has a 50 day simple moving average of $91.98 and a 200 day simple moving average of $103.22. The Walt Disney Company has a one year low of $78.73 and a one year 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 released its earnings results on Wednesday, August 7th. The entertainment giant reported $1.39 earnings per share for the quarter, topping the consensus estimate of $1.20 by $0.19. Walt Disney had a return on equity of 8.64% and a net margin of 5.30%. The business had revenue of $23.20 billion during the quarter, compared to the consensus estimate of $23.08 billion. During the same period last year, the company earned $1.03 earnings per share. The business’s revenue for the quarter was up 3.9% compared to the same quarter last year. Sell-side analysts predict that The Walt Disney Company will post 4.92 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the company. Loop Capital lowered their target price on Walt Disney from $139.00 to $130.00 and set a “buy” rating on the stock in a report on Tuesday, July 30th. Bank of America reduced 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. Redburn Atlantic raised shares of Walt Disney from a “sell” rating to a “neutral” rating and set a $100.00 price target on the stock in a report on Tuesday, May 21st. Moffett Nathanson decreased their price target on Walt Disney from $130.00 to $125.00 and set a “buy” rating on the stock in a report on Tuesday, July 2nd. Finally, Raymond James dropped their price objective on Walt Disney from $123.00 to $101.00 and set an “outperform” rating for the company in a research note on Thursday, August 8th. Three analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $117.95.

Insider Buying and Selling

In other news, Director Calvin Mcdonald acquired 11,756 shares of the firm’s stock in a transaction that occurred on Thursday, August 8th. The stock was purchased 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 directly owns 22,313 shares of the company’s stock, valued at approximately $1,897,943.78. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.10% of the stock is owned by insiders.

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.