MCF Advisors LLC Has $1.02 Million Stake in The Walt Disney Company (NYSE:DIS)

MCF Advisors LLC lowered its stake in shares of The Walt Disney Company (NYSE:DIS) by 4.0% in the first quarter, Holdings Channel reports. The firm owned 8,297 shares of the entertainment giant’s stock after selling 347 shares during the period. MCF Advisors LLC’s holdings in Walt Disney were worth $1,015,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Planned Solutions Inc. bought a new position in Walt Disney in the 4th quarter worth $26,000. Gold Investment Management Ltd. acquired a new position in shares of Walt Disney during the 4th quarter worth about $28,000. Partnership Wealth Management LLC bought a new stake in Walt Disney during the 4th quarter valued at approximately $33,000. Stone House Investment Management LLC increased its position in Walt Disney by 355.3% in the 4th quarter. Stone House Investment Management LLC now owns 346 shares of the entertainment giant’s stock worth $31,000 after buying an additional 270 shares during the period. Finally, Fortis Group Advisors LLC bought a new stake in shares of Walt Disney in the third quarter valued at approximately $30,000. Institutional investors own 65.71% of the company’s stock.

Walt Disney Price Performance

Shares of DIS traded down $2.88 on Friday, hitting $99.29. The company’s stock had a trading volume of 21,439,416 shares, compared to its average volume of 8,740,152. The company has a 50 day moving average price of $104.76 and a 200 day moving average price of $104.57. The Walt Disney Company has a fifty-two week low of $78.73 and a fifty-two week high of $123.74. The company has a market capitalization of $181.01 billion, a PE ratio of 107.82, a PEG ratio of 1.27 and a beta of 1.40. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.75 and a quick ratio of 0.69.

Walt Disney (NYSE:DIS) last released its quarterly earnings results on Tuesday, May 7th. The entertainment giant reported $1.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.12 by $0.09. The business had revenue of $22.08 billion during the quarter, compared to analysts’ expectations of $22.12 billion. Walt Disney had a return on equity of 8.37% and a net margin of 1.90%. The firm’s revenue for the quarter was up 1.2% compared to the same quarter last year. During the same period in the previous year, the business posted $0.93 earnings per share. On average, research analysts anticipate that The Walt Disney Company will post 4.76 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

DIS has been the topic of a number of research reports. Macquarie boosted their target price on shares of Walt Disney from $104.00 to $107.00 and gave the stock a “neutral” rating in a research report on Monday, May 13th. Loop Capital boosted their price objective on shares of Walt Disney from $113.00 to $140.00 and gave the stock a “buy” rating in a report on Monday, May 6th. Raymond James increased their target price on shares of Walt Disney from $112.00 to $128.00 and gave the company an “outperform” rating in a research note on Tuesday, March 26th. Needham & Company LLC restated a “buy” rating and set a $145.00 price target on shares of Walt Disney in a research note on Tuesday, May 7th. Finally, Bank of America raised their price objective on Walt Disney from $130.00 to $145.00 and gave the stock a “buy” rating in a research report on Monday, April 1st. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and twenty-two have issued a buy rating to the stock. Based on data from MarketBeat, Walt Disney has an average rating of “Moderate Buy” and a consensus price target of $126.50.

Insiders Place Their Bets

In other news, EVP Sonia L. Coleman sold 1,857 shares of the company’s stock in a transaction on Monday, April 1st. The stock was sold at an average price of $121.92, for a total transaction of $226,405.44. Following the transaction, the executive vice president now owns 4,400 shares of the company’s stock, valued at $536,448. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, EVP Sonia L. Coleman sold 1,857 shares of the stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $121.92, for a total value of $226,405.44. Following the transaction, the executive vice president now directly owns 4,400 shares in the company, valued at $536,448. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director James P. Gorman bought 20,000 shares of the company’s stock in a transaction on Wednesday, May 8th. The shares were acquired at an average price of $106.03 per share, with a total value of $2,120,600.00. Following the transaction, the director now directly owns 20,467 shares in the company, valued at approximately $2,170,116.01. The disclosure for this purchase can be found here. Company insiders own 0.10% of the company’s stock.

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.