Addison Capital Co Reduces Holdings in The Walt Disney Company (NYSE:DIS)

Addison Capital Co decreased its holdings in The Walt Disney Company (NYSE:DISGet Rating) by 1.1% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 34,421 shares of the entertainment giant’s stock after selling 372 shares during the quarter. Walt Disney accounts for about 1.9% of Addison Capital Co’s investment portfolio, making the stock its 15th largest position. Addison Capital Co’s holdings in Walt Disney were worth $3,249,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Financial Connections Group Inc. increased its position in Walt Disney by 38.7% in the first quarter. Financial Connections Group Inc. now owns 330 shares of the entertainment giant’s stock worth $45,000 after purchasing an additional 92 shares during the last quarter. Advance Capital Management Inc. increased its position in Walt Disney by 2.2% in the first quarter. Advance Capital Management Inc. now owns 4,284 shares of the entertainment giant’s stock worth $588,000 after purchasing an additional 92 shares during the last quarter. Waterfront Wealth Inc. increased its position in Walt Disney by 0.9% in the fourth quarter. Waterfront Wealth Inc. now owns 10,890 shares of the entertainment giant’s stock worth $1,687,000 after purchasing an additional 93 shares during the last quarter. Advanced Research Investment Solutions LLC increased its position in Walt Disney by 39.1% in the first quarter. Advanced Research Investment Solutions LLC now owns 331 shares of the entertainment giant’s stock worth $45,000 after purchasing an additional 93 shares during the last quarter. Finally, Main Street Financial Solutions LLC increased its position in Walt Disney by 0.8% in the first quarter. Main Street Financial Solutions LLC now owns 11,507 shares of the entertainment giant’s stock worth $1,578,000 after purchasing an additional 94 shares during the last quarter. Hedge funds and other institutional investors own 61.37% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on DIS shares. Credit Suisse Group reduced their price target on shares of Walt Disney from $170.00 to $157.00 and set an “outperform” rating on the stock in a research report on Thursday, August 11th. Daiwa Capital Markets cut their price objective on shares of Walt Disney from $201.00 to $151.00 and set a “buy” rating on the stock in a research report on Tuesday, May 24th. Rosenblatt Securities boosted their price objective on shares of Walt Disney from $124.00 to $140.00 and gave the company a “buy” rating in a research report on Thursday, August 11th. Royal Bank of Canada set a $150.00 price objective on shares of Walt Disney in a research report on Wednesday, August 10th. Finally, Wolfe Research cut their price objective on shares of Walt Disney from $211.00 to $128.00 and set an “outperform” rating on the stock in a research report on Thursday, June 2nd. Five equities research analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company’s stock. According to data from MarketBeat, Walt Disney currently has an average rating of “Moderate Buy” and a consensus target price of $151.48.

Insider Buying and Selling at Walt Disney

In other Walt Disney news, EVP Brent Woodford sold 3,000 shares of the stock in a transaction dated Friday, August 12th. The shares were sold at an average price of $119.03, for a total transaction of $357,090.00. Following the completion of the sale, the executive vice president now directly owns 28,624 shares of the company’s stock, valued at $3,407,114.72. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.10% of the company’s stock.

Walt Disney Stock Down 2.3 %

NYSE:DIS opened at $108.25 on Monday. The firm has a market cap of $197.35 billion, a PE ratio of 62.94, a price-to-earnings-growth ratio of 1.41 and a beta of 1.20. The company has a 50-day moving average of $109.40 and a 200 day moving average of $113.92. The Walt Disney Company has a 1-year low of $90.23 and a 1-year high of $185.90. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.02 and a quick ratio of 0.97.

Walt Disney (NYSE:DISGet Rating) last released its quarterly earnings results on Wednesday, August 10th. The entertainment giant reported $1.09 EPS for the quarter, beating the consensus estimate of $0.99 by $0.10. The business had revenue of $21.50 billion during the quarter, compared to analyst estimates of $21.01 billion. Walt Disney had a net margin of 3.87% and a return on equity of 7.20%. The company’s quarterly revenue was up 26.5% on a year-over-year basis. During the same period in the prior year, the firm posted $0.80 earnings per share. As a group, research analysts anticipate that The Walt Disney Company will post 3.85 EPS for the current fiscal year.

About Walt Disney

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The Walt Disney Company, together with its subsidiaries, operates as an entertainment company worldwide. It operates through two segments, Disney Media and Entertainment Distribution; and Disney Parks, Experiences and Products. The company engages in the film and episodic television content production and distribution activities, as well as operates television broadcast networks under the ABC, Disney, ESPN, Freeform, FX, Fox, National Geographic, and Star brands; and studios that produces motion pictures under the Walt Disney Pictures, Twentieth Century Studios, Marvel, Lucasfilm, Pixar, and Searchlight Pictures banners.

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Institutional Ownership by Quarter for Walt Disney (NYSE:DIS)

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