WealthPLAN Partners LLC Cuts Stock Position in The Walt Disney Company (NYSE:DIS)

WealthPLAN Partners LLC trimmed its position in The Walt Disney Company (NYSE:DIS) by 10.6% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,900 shares of the entertainment giant’s stock after selling 464 shares during the period. WealthPLAN Partners LLC’s holdings in Walt Disney were worth $387,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of DIS. Jennison Associates LLC acquired a new stake in Walt Disney in the first quarter valued at about $1,490,492,000. Capital World Investors raised its position in Walt Disney by 3,332.4% in the first quarter. Capital World Investors now owns 6,267,593 shares of the entertainment giant’s stock worth $766,903,000 after acquiring an additional 6,084,993 shares in the last quarter. ValueAct Holdings L.P. acquired a new stake in Walt Disney in the fourth quarter valued at $459,245,000. Swedbank AB acquired a new position in shares of Walt Disney during the 1st quarter worth $493,715,000. Finally, Ontario Teachers Pension Plan Board acquired a new stake in shares of Walt Disney in the first quarter valued at about $425,567,000. 65.71% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other Walt Disney news, Director Calvin Mcdonald bought 11,756 shares of the company’s stock in a transaction that occurred on Thursday, August 8th. The stock was purchased at an average price of $85.06 per share, with a total value of $999,965.36. Following the transaction, the director now owns 22,313 shares in the company, valued at $1,897,943.78. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 0.10% of the company’s stock.

Walt Disney Stock Up 1.1 %

Shares of DIS opened at $92.89 on Wednesday. The Walt Disney Company has a fifty-two week low of $78.73 and a fifty-two week high of $123.74. The company’s fifty day moving average is $90.86 and its two-hundred day moving average is $102.22. The firm has a market cap of $169.34 billion, a PE ratio of 100.97, a price-to-earnings-growth ratio of 1.31 and a beta of 1.40. The company has a quick ratio of 0.66, a current ratio of 0.72 and a debt-to-equity ratio of 0.38.

Walt Disney (NYSE:DIS) last issued its earnings results on Wednesday, August 7th. The entertainment giant reported $1.39 earnings per share for the quarter, beating analysts’ consensus estimates of $1.20 by $0.19. The firm had revenue of $23.20 billion for the quarter, compared to analysts’ expectations of $23.08 billion. Walt Disney had a return on equity of 8.64% and a net margin of 5.30%. The firm’s revenue for the quarter was up 3.9% compared to the same quarter last year. During the same quarter last year, the firm earned $1.03 earnings per share. Analysts forecast that The Walt Disney Company will post 4.92 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the company. Wells Fargo & Company lowered their price target on Walt Disney from $136.00 to $116.00 and set an “overweight” rating on the stock in a report on Thursday, August 8th. UBS Group dropped their target price on shares of Walt Disney from $130.00 to $120.00 and set a “buy” rating for the company in a report on Thursday, August 8th. Needham & Company LLC lowered their price target on shares of Walt Disney from $145.00 to $110.00 and set a “buy” rating on the stock in a research report on Thursday, August 8th. Barclays cut their price objective on Walt Disney from $130.00 to $105.00 and set an “overweight” rating for the company in a research report on Thursday, August 8th. Finally, Macquarie lowered their target price on Walt Disney from $107.00 to $94.00 and set a “neutral” rating on the stock in a report on Monday, August 12th. Three investment analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $117.95.

About Walt Disney

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.