The Walt Disney Company (NYSE:DIS) Shares Sold by KCM Investment Advisors LLC

KCM Investment Advisors LLC cut its holdings in shares of The Walt Disney Company (NYSE:DIS) by 1.8% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 50,181 shares of the entertainment giant’s stock after selling 925 shares during the period. KCM Investment Advisors LLC’s holdings in Walt Disney were worth $4,982,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Gold Investment Management Ltd. acquired a new stake in Walt Disney in the fourth quarter worth about $28,000. ESL Trust Services LLC purchased a new position in shares of Walt Disney in the 1st quarter valued at approximately $31,000. Partnership Wealth Management LLC acquired a new stake in Walt Disney in the 4th quarter worth approximately $33,000. Frank Rimerman Advisors LLC purchased a new stake in Walt Disney during the 4th quarter worth approximately $37,000. Finally, Beaird Harris Wealth Management LLC raised its holdings in shares of Walt Disney by 30.7% in the fourth quarter. Beaird Harris Wealth Management LLC now owns 498 shares of the entertainment giant’s stock worth $45,000 after buying an additional 117 shares during the last quarter. Hedge funds and other institutional investors own 65.71% of the company’s stock.

Walt Disney Price Performance

Shares of NYSE DIS traded up $0.57 during trading on Friday, hitting $90.38. The company had a trading volume of 8,401,126 shares, compared to its average volume of 11,458,939. The firm has a market capitalization of $164.77 billion, a price-to-earnings ratio of 98.24, a price-to-earnings-growth ratio of 1.15 and a beta of 1.40. The stock has a fifty day simple moving average of $93.47 and a two-hundred day simple moving average of $104.17. The company has a quick ratio of 0.69, a current ratio of 0.75 and a debt-to-equity ratio of 0.38. The Walt Disney Company has a fifty-two week low of $78.73 and a fifty-two week high of $123.74.

Walt Disney (NYSE:DIS) last posted its quarterly earnings data on Wednesday, August 7th. The entertainment giant reported $1.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.20 by $0.19. Walt Disney had a return on equity of 8.37% and a net margin of 1.90%. The company had revenue of $23.20 billion for the quarter, compared to analysts’ expectations of $23.08 billion. During the same period in the previous year, the firm posted $1.03 EPS. Walt Disney’s revenue was up 3.9% compared to the same quarter last year. On average, research analysts expect that The Walt Disney Company will post 4.77 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on DIS shares. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Walt Disney from $130.00 to $115.00 and set a “buy” rating on the stock in a report on Thursday, August 8th. Bank of America dropped their price target on Walt Disney from $145.00 to $120.00 and set a “buy” rating on the stock in a research note on Thursday, August 8th. Wells Fargo & Company reduced their price objective on Walt Disney from $136.00 to $116.00 and set an “overweight” rating for the company in a research note on Thursday, August 8th. Evercore ISI dropped their target price on Walt Disney from $128.00 to $105.00 and set an “outperform” rating on the stock in a research report on Thursday, August 8th. Finally, Macquarie reduced their price target on shares of Walt Disney from $107.00 to $94.00 and set a “neutral” rating for the company in a research report on Monday, August 12th. Three research analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $117.95.

Insider Buying and Selling

In other news, Director Calvin Mcdonald acquired 11,756 shares of the firm’s stock in a transaction on Thursday, August 8th. The shares were bought at an average price of $85.06 per share, for a total transaction of $999,965.36. Following the acquisition, the director now owns 22,313 shares of the company’s stock, valued at approximately $1,897,943.78. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.10% of the stock is owned by company insiders.

Walt Disney 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.