Affinity Capital Advisors LLC Decreases Stake in The Walt Disney Company (NYSE:DIS)

Affinity Capital Advisors LLC lessened its stake in The Walt Disney Company (NYSE:DISGet Rating) by 7.2% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 3,278 shares of the entertainment giant’s stock after selling 253 shares during the quarter. Affinity Capital Advisors LLC’s holdings in Walt Disney were worth $309,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also made changes to their positions in the company. First American Trust FSB boosted its stake in shares of Walt Disney by 7.3% in the 1st quarter. First American Trust FSB now owns 41,833 shares of the entertainment giant’s stock valued at $5,737,000 after buying an additional 2,852 shares during the period. Northwest Investment Counselors LLC boosted its stake in shares of Walt Disney by 1.0% in the 1st quarter. Northwest Investment Counselors LLC now owns 23,992 shares of the entertainment giant’s stock valued at $3,291,000 after buying an additional 237 shares during the period. Marietta Wealth Management LLC boosted its stake in shares of Walt Disney by 9.3% in the 1st quarter. Marietta Wealth Management LLC now owns 53,573 shares of the entertainment giant’s stock valued at $7,348,000 after buying an additional 4,566 shares during the period. Clark Capital Management Group Inc. boosted its stake in shares of Walt Disney by 27.8% in the 1st quarter. Clark Capital Management Group Inc. now owns 237,846 shares of the entertainment giant’s stock valued at $32,623,000 after buying an additional 51,721 shares during the period. Finally, Alta Capital Management LLC lifted its stake in Walt Disney by 4.0% during the first quarter. Alta Capital Management LLC now owns 417,909 shares of the entertainment giant’s stock worth $57,320,000 after purchasing an additional 16,232 shares during the last quarter. Hedge funds and other institutional investors own 61.37% of the company’s stock.

Insider Buying and Selling

In related news, EVP Brent Woodford sold 3,000 shares of the company’s stock in a transaction on Friday, August 12th. The stock was sold at an average price of $119.03, for a total transaction of $357,090.00. Following the transaction, the executive vice president now owns 28,624 shares of the company’s stock, valued at $3,407,114.72. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.10% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on DIS. Evercore ISI decreased their target price on Walt Disney from $150.00 to $130.00 in a research note on Wednesday, July 27th. Moffett Nathanson decreased their target price on Walt Disney to $120.00 in a research note on Friday, July 22nd. Rosenblatt Securities boosted their target price on Walt Disney from $124.00 to $140.00 and gave the stock a “buy” rating in a research note on Thursday, August 11th. Daiwa Capital Markets decreased their target price on Walt Disney from $201.00 to $151.00 and set a “buy” rating for the company in a research note on Tuesday, May 24th. Finally, KeyCorp boosted their target price on Walt Disney from $131.00 to $154.00 and gave the stock an “overweight” rating in a research note on Thursday, August 11th. 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 presently has a consensus rating of “Moderate Buy” and a consensus price target of $151.48.

Walt Disney Trading Down 2.3 %

NYSE:DIS opened at $108.25 on Monday. The firm has a market cap of $197.35 billion, a P/E ratio of 62.94, a PEG ratio of 1.41 and a beta of 1.20. The company has a current ratio of 1.02, a quick ratio of 0.97 and a debt-to-equity ratio of 0.48. The stock’s 50 day simple moving average is $109.40 and its 200-day simple moving average is $113.92. The Walt Disney Company has a 12-month low of $90.23 and a 12-month high of $185.90.

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

Walt Disney Profile

(Get Rating)

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.

Further Reading

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

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