Mayflower Financial Advisors LLC Has $687,000 Position in The Walt Disney Company (NYSE:DIS)

Mayflower Financial Advisors LLC lessened its stake in shares of The Walt Disney Company (NYSE:DIS) by 15.5% during the 2nd quarter, HoldingsChannel reports. The firm owned 6,920 shares of the entertainment giant’s stock after selling 1,268 shares during the quarter. Mayflower Financial Advisors LLC’s holdings in Walt Disney were worth $687,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. ESL Trust Services LLC acquired a new position in Walt Disney during the first quarter valued at approximately $31,000. Gold Investment Management Ltd. bought a new stake in shares of Walt Disney in the fourth quarter valued at approximately $28,000. Partnership Wealth Management LLC bought a new stake in shares of Walt Disney in the fourth quarter valued at approximately $33,000. Red Tortoise LLC boosted 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 during the period. Finally, Frank Rimerman Advisors LLC bought a new stake in shares of Walt Disney in the fourth quarter valued at approximately $37,000. Institutional investors and hedge funds own 65.71% of the company’s stock.

Wall Street Analyst Weigh In

DIS has been the subject of several research reports. Evercore ISI reduced their target price on Walt Disney from $128.00 to $105.00 and set an “outperform” rating for the company in a research report on Thursday, August 8th. Macquarie reduced their target price on Walt Disney from $107.00 to $94.00 and set a “neutral” rating for the company in a research report on Monday, August 12th. Deutsche Bank Aktiengesellschaft reduced their target price on Walt Disney from $130.00 to $115.00 and set a “buy” rating for the company in a research report on Thursday, August 8th. JPMorgan Chase & Co. reduced 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. Finally, Moffett Nathanson cut their price objective on Walt Disney from $130.00 to $125.00 and set a “buy” rating for the company in a report on Tuesday, July 2nd. Three investment analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $117.95.

Insider Transactions at Walt Disney

In related news, Director Calvin Mcdonald bought 11,756 shares of the firm’s stock in a transaction dated Thursday, August 8th. The stock was bought at an average cost of $85.06 per share, for a total transaction of $999,965.36. Following the transaction, the director now owns 22,313 shares of the company’s stock, valued at $1,897,943.78. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 0.10% of the company’s stock.

Walt Disney Price Performance

Shares of DIS stock opened at $88.65 on Friday. The stock has a 50-day moving average price of $92.21 and a 200 day moving average price of $103.42. The company has a quick ratio of 0.66, a current ratio of 0.72 and a debt-to-equity ratio of 0.38. The firm has a market cap of $161.61 billion, a price-to-earnings ratio of 96.36, a PEG ratio of 1.34 and a beta of 1.40. The Walt Disney Company has a 12 month low of $78.73 and a 12 month high of $123.74.

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

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.