Affinity Capital Advisors LLC Reduces Holdings in The Walt Disney Company (NYSE:DIS)

Affinity Capital Advisors LLC decreased its holdings in The Walt Disney Company (NYSE:DISGet Rating) by 7.2% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund 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 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Norges Bank purchased a new position in Walt Disney during the fourth quarter valued at approximately $2,290,736,000. Loomis Sayles & Co. L P lifted its holdings in Walt Disney by 25.1% during the fourth quarter. Loomis Sayles & Co. L P now owns 13,510,534 shares of the entertainment giant’s stock valued at $2,092,646,000 after purchasing an additional 2,707,126 shares in the last quarter. SG Americas Securities LLC lifted its holdings in Walt Disney by 106.7% during the first quarter. SG Americas Securities LLC now owns 166,124 shares of the entertainment giant’s stock valued at $22,786,000 after purchasing an additional 2,640,795 shares in the last quarter. Vanguard Group Inc. lifted its holdings in Walt Disney by 1.8% during the first quarter. Vanguard Group Inc. now owns 140,466,474 shares of the entertainment giant’s stock valued at $19,266,382,000 after purchasing an additional 2,514,894 shares in the last quarter. Finally, D1 Capital Partners L.P. lifted its holdings in Walt Disney by 75.7% during the fourth quarter. D1 Capital Partners L.P. now owns 5,430,761 shares of the entertainment giant’s stock valued at $841,171,000 after purchasing an additional 2,340,000 shares in the last quarter. Hedge funds and other institutional investors own 61.37% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the stock. Deutsche Bank Aktiengesellschaft lowered their price target on shares of Walt Disney from $191.00 to $130.00 in a report on Monday, June 6th. Wells Fargo & Company lifted their price target on shares of Walt Disney from $130.00 to $145.00 and gave the company an “overweight” rating in a report on Thursday, August 11th. Rosenblatt Securities lifted their price target on shares of Walt Disney from $124.00 to $140.00 and gave the company a “buy” rating in a report on Thursday, August 11th. Wolfe Research lowered their target price on shares of Walt Disney from $211.00 to $128.00 and set an “outperform” rating on the stock in a report on Thursday, June 2nd. Finally, Daiwa Capital Markets lowered their target price on shares of Walt Disney from $201.00 to $151.00 and set a “buy” rating on the stock in a report on Tuesday, May 24th. Five equities research analysts have rated the stock with a hold rating and twenty have given a buy rating to the stock. According to MarketBeat, Walt Disney presently 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 business’s stock in a transaction on Friday, August 12th. The shares were 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 in the company, valued at $3,407,114.72. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.10% of the company’s stock.

Walt Disney Trading Down 2.3 %

DIS stock opened at $108.25 on Monday. The company has a quick ratio of 0.97, a current ratio of 1.02 and a debt-to-equity ratio of 0.48. The Walt Disney Company has a twelve month low of $90.23 and a twelve month high of $185.90. The stock has a market capitalization of $197.35 billion, a price-to-earnings ratio of 62.94, a price-to-earnings-growth ratio of 1.41 and a beta of 1.20. The firm’s fifty day simple moving average is $109.40 and its two-hundred day simple moving average is $113.92.

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

Walt Disney Profile

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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.

Further Reading

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

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