Traverso Chambers Private Wealth Management LLC Sells 218 Shares of The Walt Disney Company (NYSE:DIS)

Traverso Chambers Private Wealth Management LLC cut its position in The Walt Disney Company (NYSE:DISGet Rating) by 8.5% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,349 shares of the entertainment giant’s stock after selling 218 shares during the quarter. Traverso Chambers Private Wealth Management LLC’s holdings in Walt Disney were worth $222,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Clear Perspectives Financial Planning LLC raised its stake in shares of Walt Disney by 126.3% in the first quarter. Clear Perspectives Financial Planning LLC now owns 181 shares of the entertainment giant’s stock valued at $25,000 after buying an additional 101 shares during the period. Roble Belko & Company Inc raised its stake in shares of Walt Disney by 96.2% in the first quarter. Roble Belko & Company Inc now owns 206 shares of the entertainment giant’s stock valued at $28,000 after buying an additional 101 shares during the period. MBM Wealth Consultants LLC raised its stake in shares of Walt Disney by 94.7% in the fourth quarter. MBM Wealth Consultants LLC now owns 220 shares of the entertainment giant’s stock valued at $34,000 after buying an additional 107 shares during the period. Rational Advisors LLC raised its stake in shares of Walt Disney by 74.1% in the first quarter. Rational Advisors LLC now owns 242 shares of the entertainment giant’s stock valued at $33,000 after buying an additional 103 shares during the period. Finally, Delos Wealth Advisors LLC raised its stake in shares of Walt Disney by 2,933.3% in the fourth quarter. Delos Wealth Advisors LLC now owns 273 shares of the entertainment giant’s stock valued at $42,000 after buying an additional 264 shares during the period. 61.37% of the stock is currently owned by institutional investors.

Insider Activity

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

Walt Disney Price Performance

DIS opened at $102.16 on Friday. The stock has a 50-day moving average price of $110.43 and a 200-day moving average price of $113.15. The Walt Disney Company has a 12-month low of $90.23 and a 12-month high of $179.63. 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 has a market capitalization of $186.24 billion, a P/E ratio of 59.40, a PEG ratio of 1.40 and a beta of 1.20.

Walt Disney (NYSE:DISGet Rating) last posted its quarterly earnings data on Wednesday, August 10th. The entertainment giant reported $1.09 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $21.50 billion during the quarter, compared to analysts’ expectations of $21.01 billion. During the same period in the prior year, the business earned $0.80 EPS. The company’s revenue for the quarter was up 26.5% compared to the same quarter last year. Equities analysts predict that The Walt Disney Company will post 3.85 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on DIS. KeyCorp boosted their price objective on Walt Disney from $131.00 to $154.00 and gave the company an “overweight” rating in a research note on Thursday, August 11th. Guggenheim upgraded Walt Disney from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $110.00 to $145.00 in a research note on Thursday, August 11th. Credit Suisse Group decreased their price objective on Walt Disney from $170.00 to $157.00 and set an “outperform” rating on the stock in a research note on Thursday, August 11th. Rosenblatt Securities boosted their price objective on Walt Disney from $124.00 to $140.00 and gave the company a “buy” rating in a research note on Thursday, August 11th. Finally, Morgan Stanley decreased their price objective on Walt Disney from $170.00 to $125.00 and set an “overweight” rating on the stock in a research note on Thursday, June 30th. Five analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company. According to MarketBeat.com, Walt Disney has an average rating of “Moderate Buy” and an average price target of $151.48.

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.

See Also

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

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