Detalus Advisors LLC Decreases Stock Holdings in The Walt Disney Company (NYSE:DIS)

Detalus Advisors LLC lowered its stake in The Walt Disney Company (NYSE:DIS) by 24.8% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 4,054 shares of the entertainment giant’s stock after selling 1,336 shares during the quarter. Detalus Advisors LLC’s holdings in Walt Disney were worth $390,000 as of its most recent filing with the SEC.

Other large investors also recently added to or reduced their stakes in the company. ESL Trust Services LLC purchased a new position in Walt Disney in the 1st quarter valued at about $31,000. William B. Walkup & Associates Inc. acquired a new position in shares of Walt Disney during the second quarter valued at approximately $32,000. Red Tortoise LLC lifted its position in shares of Walt Disney by 141.4% in the first quarter. Red Tortoise LLC now owns 367 shares of the entertainment giant’s stock valued at $45,000 after acquiring an additional 215 shares in the last quarter. O Brien Wealth Partners LLC acquired a new stake in shares of Walt Disney in the first quarter worth approximately $51,000. Finally, Mascoma Wealth Management LLC raised its stake in 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 last quarter. 65.71% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on DIS. Needham & Company LLC reaffirmed a “buy” rating and set a $110.00 target price on shares of Walt Disney in a research note on Wednesday. Wells Fargo & Company cut their price objective on shares of Walt Disney from $136.00 to $116.00 and set an “overweight” rating for the company in a report on Thursday, August 8th. The Goldman Sachs Group began coverage on Walt Disney in a report on Tuesday, June 25th. They set a “buy” rating and a $125.00 target price on the stock. Barclays cut their price target on Walt Disney from $130.00 to $105.00 and set an “overweight” rating for the company in a report on Thursday, August 8th. Finally, Raymond James reissued a “market perform” rating on shares of Walt Disney in a research note on Tuesday, October 1st. Five investment analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $118.05.

Insider Transactions at Walt Disney

In related news, Director Calvin Mcdonald purchased 11,756 shares of the company’s stock in a transaction on Thursday, August 8th. The shares were bought at an average cost of $85.06 per share, for a total transaction of $999,965.36. Following the completion of the purchase, the director now directly owns 22,313 shares of the company’s stock, valued at approximately $1,897,943.78. This trade represents a 100.00 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 0.10% of the company’s stock.

Walt Disney Stock Down 0.0 %

Shares of NYSE DIS traded down $0.03 during mid-day trading on Wednesday, hitting $96.71. The company had a trading volume of 1,539,237 shares, compared to its average volume of 10,894,867. The company has a market capitalization of $176.31 billion, a PE ratio of 105.43, a price-to-earnings-growth ratio of 1.49 and a beta of 1.40. The business’s 50-day simple moving average is $92.16 and its 200 day simple moving average is $98.45. The Walt Disney Company has a 1-year low of $79.23 and a 1-year high of $123.74. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.72 and a quick ratio of 0.66.

Walt Disney (NYSE:DIS) last announced its quarterly earnings data on Wednesday, August 7th. The entertainment giant reported $1.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.20 by $0.19. Walt Disney had a return on equity of 8.64% and a net margin of 5.30%. The business had revenue of $23.20 billion during the quarter, compared to analysts’ expectations of $23.08 billion. During the same quarter last year, the business posted $1.03 EPS. The business’s quarterly revenue was up 3.9% compared to the same quarter last year. 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.