NBC Securities Inc. Sells 3,115 Shares of The Walt Disney Company (NYSE:DIS)

NBC Securities Inc. decreased its holdings in The Walt Disney Company (NYSE:DIS) by 18.3% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 13,930 shares of the entertainment giant’s stock after selling 3,115 shares during the period. NBC Securities Inc.’s holdings in Walt Disney were worth $1,339,000 as of its most recent SEC filing.

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

Insider Transactions at Walt Disney

In other news, Director Calvin Mcdonald bought 11,756 shares of the firm’s stock in a transaction on Thursday, August 8th. The stock was acquired at an average cost of $85.06 per share, with a total value of $999,965.36. Following the completion of the transaction, the director now directly owns 22,313 shares of the company’s stock, valued at $1,897,943.78. This represents a 100.00 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 0.10% of the stock is currently owned by company insiders.

Walt Disney Stock Down 0.7 %

Shares of NYSE:DIS opened at $94.27 on Wednesday. The Walt Disney Company has a 1 year low of $79.23 and a 1 year high of $123.74. The company has a market capitalization of $171.86 billion, a PE ratio of 102.47, a price-to-earnings-growth ratio of 1.49 and a beta of 1.40. The business has a fifty day moving average price of $91.08 and a two-hundred day moving average price of $99.26. 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 posted its quarterly earnings results on Wednesday, August 7th. The entertainment giant reported $1.39 earnings per share for the quarter, beating the consensus estimate of $1.20 by $0.19. The company had revenue of $23.20 billion during the quarter, compared to analyst estimates of $23.08 billion. Walt Disney had a net margin of 5.30% and a return on equity of 8.64%. The firm’s revenue for the quarter was up 3.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.03 earnings per share. Analysts forecast that The Walt Disney Company will post 4.92 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on DIS. Moffett Nathanson dropped their target price on shares of Walt Disney from $130.00 to $125.00 and set a “buy” rating on the stock in a research report on Tuesday, July 2nd. JPMorgan Chase & Co. cut their price objective on shares of Walt Disney from $135.00 to $125.00 and set an “overweight” rating on the stock in a research report on Thursday, August 8th. Needham & Company LLC reiterated a “buy” rating and issued a $110.00 price target on shares of Walt Disney in a report on Thursday, September 26th. The Goldman Sachs Group initiated coverage on Walt Disney in a report on Tuesday, June 25th. They set a “buy” rating and a $125.00 price objective for the company. Finally, Seaport Res Ptn upgraded Walt Disney from a “hold” rating to a “strong-buy” rating in a report on Monday, September 30th. Four equities research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $119.20.

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.