Blair William & Co. IL Sells 5,158 Shares of The Walt Disney Company (NYSE:DIS)

Blair William & Co. IL trimmed its position in shares of The Walt Disney Company (NYSE:DIS) by 0.9% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 543,975 shares of the entertainment giant’s stock after selling 5,158 shares during the period. Blair William & Co. IL’s holdings in Walt Disney were worth $54,011,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Gold Investment Management Ltd. bought a new position in Walt Disney during the fourth quarter valued at about $28,000. ESL Trust Services LLC bought a new position in Walt Disney during the first quarter valued at about $31,000. Frank Rimerman Advisors LLC acquired a new stake in Walt Disney during the fourth quarter valued at approximately $37,000. Mascoma Wealth Management LLC grew its stake in shares of Walt Disney by 38.0% in the 2nd quarter. Mascoma Wealth Management LLC now owns 443 shares of the entertainment giant’s stock valued at $44,000 after purchasing an additional 122 shares during the period. Finally, Beaird Harris Wealth Management LLC grew its stake in shares of Walt Disney by 30.7% in the 4th quarter. Beaird Harris Wealth Management LLC now owns 498 shares of the entertainment giant’s stock valued at $45,000 after purchasing an additional 117 shares during the period. 65.71% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. The Goldman Sachs Group assumed coverage on Walt Disney in a research note on Tuesday, June 25th. They issued a “buy” rating and a $125.00 price objective on the stock. Morgan Stanley lowered their price objective on Walt Disney from $130.00 to $110.00 and set an “overweight” rating on the stock in a research note on Monday, August 5th. JPMorgan Chase & Co. lowered their price objective on Walt Disney from $135.00 to $125.00 and set an “overweight” rating on the stock in a research note on Thursday, August 8th. Wells Fargo & Company lowered their price objective on Walt Disney from $136.00 to $116.00 and set an “overweight” rating on the stock in a research note on Thursday, August 8th. Finally, UBS Group lowered their price objective on Walt Disney from $130.00 to $120.00 and set a “buy” rating on the stock in a research note on Thursday, August 8th. Three research analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the stock. According to data from MarketBeat, Walt Disney has a consensus rating of “Moderate Buy” and an average target price of $117.95.

Insider Activity

In related news, Director Calvin Mcdonald purchased 11,756 shares of the business’s stock in a transaction dated Thursday, August 8th. The shares were bought at an average price of $85.06 per share, with a total value of $999,965.36. Following the purchase, the director now directly owns 22,313 shares in the company, valued at approximately $1,897,943.78. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.10% of the stock is currently owned by company insiders.

Walt Disney Stock Up 0.8 %

Shares of DIS opened at $93.59 on Thursday. The firm has a market capitalization of $170.62 billion, a price-to-earnings ratio of 101.73, a PEG ratio of 1.31 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 business’s fifty day moving average price is $90.80 and its two-hundred day moving average price is $102.16. The Walt Disney Company has a 52 week low of $78.73 and a 52 week high of $123.74.

Walt Disney (NYSE:DIS) last posted its quarterly earnings results 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. The company had revenue of $23.20 billion for the quarter, compared to the consensus estimate of $23.08 billion. Walt Disney had a return on equity of 8.64% and a net margin of 5.30%. The firm’s quarterly revenue was up 3.9% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.03 EPS. On average, analysts predict that The Walt Disney Company will post 4.92 earnings per share for the current year.

Walt Disney Company 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.