FLC Capital Advisors Sells 2,754 Shares of The Walt Disney Company (NYSE:DIS)

FLC Capital Advisors trimmed its holdings in shares of The Walt Disney Company (NYSE:DIS) by 18.2% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 12,392 shares of the entertainment giant’s stock after selling 2,754 shares during the quarter. FLC Capital Advisors’ holdings in Walt Disney were worth $1,192,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in DIS. Kapitalo Investimentos Ltda purchased a new position in shares of Walt Disney during the 4th quarter valued at about $165,000. Perpetual Ltd lifted its holdings in Walt Disney by 149.9% during the first quarter. Perpetual Ltd now owns 13,538 shares of the entertainment giant’s stock valued at $1,657,000 after purchasing an additional 8,120 shares in the last quarter. Signal Advisors Wealth LLC boosted its position in shares of Walt Disney by 10.2% in the first quarter. Signal Advisors Wealth LLC now owns 3,654 shares of the entertainment giant’s stock worth $447,000 after purchasing an additional 339 shares during the period. Czech National Bank increased its stake in shares of Walt Disney by 0.7% in the first quarter. Czech National Bank now owns 322,747 shares of the entertainment giant’s stock worth $39,491,000 after purchasing an additional 2,219 shares in the last quarter. Finally, Abacus Wealth Partners LLC bought a new stake in shares of Walt Disney during the 1st quarter valued at $339,000. 65.71% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Walt Disney news, Director Calvin Mcdonald acquired 11,756 shares of the business’s stock in a transaction dated Thursday, August 8th. The stock was acquired at an average cost of $85.06 per share, for a total transaction 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 ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.10% of the stock is currently owned by insiders.

Walt Disney Trading Up 2.7 %

Walt Disney stock opened at $96.75 on Thursday. 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 cap of $176.38 billion, a PE ratio of 105.16, a P/E/G ratio of 1.49 and a beta of 1.40. The stock’s 50 day simple moving average is $91.29 and its two-hundred day simple moving average is $99.24. The Walt Disney Company has a 12 month low of $79.23 and a 12 month high of $123.74.

Walt Disney (NYSE:DIS) last released its quarterly earnings results on Wednesday, August 7th. The entertainment giant reported $1.39 EPS for the quarter, beating the consensus estimate of $1.20 by $0.19. The company had revenue of $23.20 billion for 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 was up 3.9% on a year-over-year basis. During the same quarter last year, the business earned $1.03 earnings per share. Analysts anticipate that The Walt Disney Company will post 4.92 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on DIS. Deutsche Bank Aktiengesellschaft cut their price target on Walt Disney from $130.00 to $115.00 and set a “buy” rating for the company in a research note on Thursday, August 8th. JPMorgan Chase & Co. reduced their price target on shares of Walt Disney from $135.00 to $125.00 and set an “overweight” rating on the stock in a report on Thursday, August 8th. Evercore ISI decreased their target price on Walt Disney from $128.00 to $105.00 and set an “outperform” rating on the stock in a research report on Thursday, August 8th. Bank of America cut their price target on Walt Disney from $145.00 to $120.00 and set a “buy” rating for the company in a report on Thursday, August 8th. Finally, Raymond James restated a “market perform” rating on shares of Walt Disney in a report on Tuesday, October 1st. Five research analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $118.05.

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.