Abbot Financial Management Inc. Decreases Stock Position in The Walt Disney Company (NYSE:DIS)

Abbot Financial Management Inc. lessened its stake in The Walt Disney Company (NYSE:DIS) by 2.3% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 9,820 shares of the entertainment giant’s stock after selling 235 shares during the period. Abbot Financial Management Inc.’s holdings in Walt Disney were worth $975,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the stock. Gold Investment Management Ltd. purchased a new position in shares of Walt Disney in the fourth quarter valued at about $28,000. ESL Trust Services LLC bought a new stake in shares of Walt Disney in the first quarter worth about $31,000. Frank Rimerman Advisors LLC purchased a new position in Walt Disney during the 4th quarter valued at about $37,000. Mascoma Wealth Management LLC raised its position in Walt Disney by 38.0% during 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 last quarter. Finally, Beaird Harris Wealth Management LLC lifted its holdings in Walt Disney by 30.7% in the 4th 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 period. 65.71% of the stock is currently owned by hedge funds and other institutional investors.

Walt Disney Trading Up 1.4 %

Shares of NYSE:DIS opened at $91.84 on Tuesday. The stock’s 50-day simple moving average is $90.95 and its two-hundred day simple moving average is $102.35. The stock has a market capitalization of $166.56 billion, a price-to-earnings ratio of 99.83, a PEG ratio of 1.31 and a beta of 1.40. The Walt Disney Company has a 52-week low of $78.73 and a 52-week high of $123.74. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.66 and a current ratio of 0.72.

Walt Disney (NYSE:DIS) last announced its earnings results on Wednesday, August 7th. The entertainment giant reported $1.39 EPS for the quarter, beating analysts’ consensus estimates of $1.20 by $0.19. The business had revenue of $23.20 billion during the quarter, compared to analysts’ expectations of $23.08 billion. Walt Disney had a net margin of 5.30% and a return on equity of 8.64%. The firm’s revenue was up 3.9% on a year-over-year basis. During the same period in the prior year, the company earned $1.03 earnings per share. Analysts expect that The Walt Disney Company will post 4.92 EPS for the current year.

Insider Buying and Selling

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

Analyst Upgrades and Downgrades

DIS has been the topic of several research analyst reports. Redburn Atlantic raised Walt Disney from a “sell” rating to a “neutral” rating and set a $100.00 target price on the stock in a research note on Tuesday, May 21st. Macquarie decreased their price objective on shares of Walt Disney from $107.00 to $94.00 and set a “neutral” rating for the company in a report on Monday, August 12th. Loop Capital dropped their target price on shares of Walt Disney from $139.00 to $130.00 and set a “buy” rating for the company in a research report on Tuesday, July 30th. Moffett Nathanson reduced their price target on shares of Walt Disney from $130.00 to $125.00 and set a “buy” rating on the stock in a research report on Tuesday, July 2nd. Finally, Morgan Stanley lowered their price objective on shares of Walt Disney from $130.00 to $110.00 and set an “overweight” rating for the company in a report on Monday, August 5th. Three analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $117.95.

About Walt Disney

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.