Weil Company Inc. Cuts Position in The Walt Disney Company (NYSE:DIS)

Weil Company Inc. lowered its holdings in shares of The Walt Disney Company (NYSE:DIS) by 13.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 18,981 shares of the entertainment giant’s stock after selling 2,894 shares during the quarter. Weil Company Inc.’s holdings in Walt Disney were worth $1,885,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Gold Investment Management Ltd. acquired a new position in shares of Walt Disney during the 4th quarter worth about $28,000. ESL Trust Services LLC acquired a new position in shares of Walt Disney during the first quarter valued at approximately $31,000. Partnership Wealth Management LLC purchased a new position in shares of Walt Disney in the fourth quarter valued at approximately $33,000. Frank Rimerman Advisors LLC acquired a new stake in shares of Walt Disney in the fourth quarter worth approximately $37,000. Finally, Mascoma Wealth Management LLC increased its position in shares of Walt Disney by 38.0% during the second quarter. Mascoma Wealth Management LLC now owns 443 shares of the entertainment giant’s stock worth $44,000 after purchasing an additional 122 shares in the last quarter. 65.71% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

DIS has been the topic of a number of research reports. Needham & Company LLC decreased their price objective on Walt Disney from $145.00 to $110.00 and set a “buy” rating on the stock in a report on Thursday, August 8th. The Goldman Sachs Group began coverage on shares of Walt Disney in a research note on Tuesday, June 25th. They issued a “buy” rating and a $125.00 price target on the stock. JPMorgan Chase & Co. dropped their price objective on shares of Walt Disney from $135.00 to $125.00 and set an “overweight” rating for the company in a research note on Thursday, August 8th. Morgan Stanley decreased their target price on shares of Walt Disney from $130.00 to $110.00 and set an “overweight” rating on the stock in a research note on Monday, August 5th. Finally, 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. Three investment analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $117.95.

Insiders Place Their Bets

In other Walt Disney news, Director Calvin Mcdonald acquired 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, for a total transaction of $999,965.36. Following the completion of the acquisition, the director now 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 SEC, which can be accessed through the SEC website. Insiders own 0.10% of the company’s stock.

Walt Disney Stock Performance

NYSE:DIS opened at $87.98 on Friday. The stock has a market capitalization of $160.39 billion, a P/E ratio of 95.63, a PEG ratio of 1.34 and a beta of 1.40. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.66 and a current ratio of 0.72. The Walt Disney Company has a fifty-two week low of $78.73 and a fifty-two week high of $123.74. The company has a 50 day moving average price of $91.98 and a 200 day moving average price of $103.26.

Walt Disney (NYSE:DIS) last issued its quarterly earnings data 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. 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 analysts’ expectations of $23.08 billion. During the same period in the previous year, the firm posted $1.03 earnings per share. The company’s revenue was up 3.9% on a year-over-year basis. Equities research analysts forecast 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.