Aptus Capital Advisors LLC Sells 767,296 Shares of The Walt Disney Company (NYSE:DIS)

Aptus Capital Advisors LLC decreased its holdings in shares of The Walt Disney Company (NYSE:DIS) by 91.9% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 67,236 shares of the entertainment giant’s stock after selling 767,296 shares during the period. Aptus Capital Advisors LLC’s holdings in Walt Disney were worth $6,676,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. CWS Financial Advisors LLC raised its stake in Walt Disney by 30.0% during the second quarter. CWS Financial Advisors LLC now owns 5,107 shares of the entertainment giant’s stock worth $507,000 after acquiring an additional 1,180 shares in the last quarter. Farther Finance Advisors LLC grew its stake in Walt Disney by 12.7% during the second quarter. Farther Finance Advisors LLC now owns 37,068 shares of the entertainment giant’s stock worth $3,634,000 after buying an additional 4,167 shares during the last quarter. MUFG Securities EMEA plc raised its stake in shares of Walt Disney by 788.7% in the second quarter. MUFG Securities EMEA plc now owns 220,543 shares of the entertainment giant’s stock valued at $21,898,000 after acquiring an additional 195,727 shares during the last quarter. Sage Mountain Advisors LLC increased its holdings in Walt Disney by 17.4% during the 2nd quarter. Sage Mountain Advisors LLC now owns 5,927 shares of the entertainment giant’s stock valued at $589,000 after purchasing an additional 877 shares in the last quarter. Finally, IFG Advisory LLC acquired a new stake in shares of Walt Disney in the second quarter valued at $635,000. 65.71% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Walt Disney

In other news, Director Calvin Mcdonald purchased 11,756 shares of the company’s stock in a transaction on Thursday, August 8th. The shares were purchased 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 of the company’s stock, valued at approximately $1,897,943.78. The transaction was disclosed in a document filed with the SEC, which is available at this link. 0.10% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on DIS. Redburn Atlantic upgraded shares of Walt Disney from a “sell” rating to a “neutral” rating and set a $100.00 price target on the stock in a research report on Tuesday, May 21st. Deutsche Bank Aktiengesellschaft decreased their price target on shares of Walt Disney from $130.00 to $115.00 and set a “buy” rating on the stock in a research note on Thursday, August 8th. Morgan Stanley dropped their price objective on shares of Walt Disney from $130.00 to $110.00 and set an “overweight” rating for the company in a research report on Monday, August 5th. Needham & Company LLC decreased their price objective on Walt Disney from $145.00 to $110.00 and set a “buy” rating on the stock in a research report on Thursday, August 8th. Finally, JPMorgan Chase & Co. dropped their target price on Walt Disney from $135.00 to $125.00 and set an “overweight” rating for the company in a research report on Thursday, August 8th. Three equities research analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $117.95.

Walt Disney Stock Up 0.6 %

Shares of NYSE DIS traded up $0.57 during mid-day trading on Friday, reaching $90.38. 8,403,632 shares of the company’s stock were exchanged, compared to its average volume of 12,724,822. The Walt Disney Company has a twelve month low of $78.73 and a twelve month high of $123.74. The company has a current ratio of 0.72, a quick ratio of 0.66 and a debt-to-equity ratio of 0.38. The firm has a market capitalization of $163.91 billion, a price-to-earnings ratio of 98.24, a PEG ratio of 1.34 and a beta of 1.40. The business has a fifty day simple moving average of $93.23 and a 200 day simple moving average of $103.99.

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