The Walt Disney Company (NYSE:DIS) Shares Sold by Fiduciary Alliance LLC

Fiduciary Alliance LLC trimmed its position in shares of The Walt Disney Company (NYSE:DIS) by 29.9% during the 3rd quarter, HoldingsChannel reports. The firm owned 51,465 shares of the entertainment giant’s stock after selling 21,983 shares during the quarter. Fiduciary Alliance LLC’s holdings in Walt Disney were worth $4,950,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Mcdonald Partners LLC lifted its stake in shares of Walt Disney by 0.5% in the first quarter. Mcdonald Partners LLC now owns 17,975 shares of the entertainment giant’s stock valued at $2,199,000 after buying an additional 88 shares during the period. Sendero Wealth Management LLC boosted its stake in Walt Disney by 2.0% in the first quarter. Sendero Wealth Management LLC now owns 4,649 shares of the entertainment giant’s stock valued at $569,000 after acquiring an additional 89 shares during the last quarter. Pflug Koory LLC boosted its position in shares of Walt Disney by 1.0% during the first quarter. Pflug Koory LLC now owns 8,993 shares of the entertainment giant’s stock worth $1,100,000 after purchasing an additional 91 shares in the last quarter. Regent Peak Wealth Advisors LLC boosted its position in shares of Walt Disney by 3.5% during the first quarter. Regent Peak Wealth Advisors LLC now owns 2,801 shares of the entertainment giant’s stock worth $343,000 after purchasing an additional 94 shares in the last quarter. Finally, McLean Asset Management Corp raised its holdings in shares of Walt Disney by 3.2% during the first quarter. McLean Asset Management Corp now owns 3,137 shares of the entertainment giant’s stock worth $370,000 after acquiring an additional 96 shares during the period. 65.71% of the stock is currently owned by hedge funds and other institutional investors.

Walt Disney Stock Up 0.6 %

Shares of DIS stock traded up $0.52 during trading on Monday, reaching $94.65. The company’s stock had a trading volume of 1,565,198 shares, compared to its average volume of 11,004,732. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.72 and a quick ratio of 0.66. The company has a market capitalization of $172.55 billion, a price-to-earnings ratio of 102.32, a P/E/G ratio of 1.49 and a beta of 1.40. The stock’s 50-day moving average price is $90.85 and its 200 day moving average price is $99.65. The Walt Disney Company has a 1-year low of $79.23 and a 1-year high of $123.74.

Walt Disney (NYSE:DIS) last issued its quarterly earnings data on Wednesday, August 7th. The entertainment giant reported $1.39 earnings per share for the quarter, topping the consensus estimate of $1.20 by $0.19. The business had revenue of $23.20 billion during 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 company’s revenue was up 3.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.03 EPS. On average, research analysts anticipate that The Walt Disney Company will post 4.92 EPS for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on DIS. Barclays lowered their price target on shares of Walt Disney from $130.00 to $105.00 and set an “overweight” rating on the stock in a research note on Thursday, August 8th. The Goldman Sachs Group began coverage on shares of Walt Disney in a report on Tuesday, June 25th. They set a “buy” rating and a $125.00 target price for the company. Bank of America cut their price objective on shares of Walt Disney from $145.00 to $120.00 and set a “buy” rating for the company in a report on Thursday, August 8th. Wells Fargo & Company lowered their price objective on shares of Walt Disney from $136.00 to $116.00 and set an “overweight” rating for the company in a research report on Thursday, August 8th. Finally, Raymond James restated a “market perform” rating on shares of Walt Disney in a research report on Tuesday, October 1st. Four investment analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $119.20.

Insider Buying and Selling at Walt Disney

In other Walt Disney news, Director Calvin Mcdonald bought 11,756 shares of the company’s stock in a transaction that occurred on Thursday, August 8th. The stock was purchased at an average price of $85.06 per share, with a total value of $999,965.36. Following the transaction, the director now owns 22,313 shares in the company, valued at $1,897,943.78. This trade represents a 100.00 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 0.10% of the stock is owned by insiders.

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.