Grand Central Investment Group Sells 11,940 Shares of The Walt Disney Company (NYSE:DIS)

Grand Central Investment Group decreased its holdings in shares of The Walt Disney Company (NYSE:DISGet Rating) by 82.7% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 2,496 shares of the entertainment giant’s stock after selling 11,940 shares during the quarter. Grand Central Investment Group’s holdings in Walt Disney were worth $236,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Clear Perspectives Financial Planning LLC increased its position in shares of Walt Disney by 126.3% in the 1st quarter. Clear Perspectives Financial Planning LLC now owns 181 shares of the entertainment giant’s stock valued at $25,000 after buying an additional 101 shares in the last quarter. Roble Belko & Company Inc increased its position in shares of Walt Disney by 96.2% in the 1st quarter. Roble Belko & Company Inc now owns 206 shares of the entertainment giant’s stock valued at $28,000 after buying an additional 101 shares in the last quarter. Worth Asset Management LLC bought a new stake in shares of Walt Disney in the 1st quarter valued at $29,000. Rational Advisors LLC increased its position in shares of Walt Disney by 74.1% in the 1st quarter. Rational Advisors LLC now owns 242 shares of the entertainment giant’s stock valued at $33,000 after buying an additional 103 shares in the last quarter. Finally, MBM Wealth Consultants LLC increased its position in shares of Walt Disney by 94.7% in the 4th quarter. MBM Wealth Consultants LLC now owns 220 shares of the entertainment giant’s stock valued at $34,000 after buying an additional 107 shares in the last quarter. Institutional investors own 61.37% of the company’s stock.

Insider Buying and Selling at Walt Disney

In other Walt Disney news, EVP Brent Woodford sold 3,000 shares of the stock in a transaction dated Friday, August 12th. The shares were sold at an average price of $119.03, for a total value of $357,090.00. Following the transaction, the executive vice president now directly owns 28,624 shares of the company’s stock, valued at approximately $3,407,114.72. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 0.10% of the company’s stock.

Analyst Upgrades and Downgrades

DIS has been the subject of a number of recent analyst reports. Moffett Nathanson lowered their price objective on shares of Walt Disney to $120.00 in a research report on Friday, July 22nd. Morgan Stanley reduced their target price on shares of Walt Disney from $170.00 to $125.00 and set an “overweight” rating for the company in a research note on Thursday, June 30th. Wells Fargo & Company upped their target price on shares of Walt Disney from $130.00 to $145.00 and gave the stock an “overweight” rating in a research note on Thursday, August 11th. Barclays reduced their target price on shares of Walt Disney from $130.00 to $120.00 and set an “equal weight” rating for the company in a research note on Thursday, July 14th. Finally, Deutsche Bank Aktiengesellschaft reduced their target price on shares of Walt Disney from $191.00 to $130.00 in a research note on Monday, June 6th. Five research analysts have rated the stock with a hold rating and twenty have issued a buy rating to the stock. According to MarketBeat.com, Walt Disney currently has an average rating of “Moderate Buy” and an average price target of $151.48.

Walt Disney Trading Down 2.2 %

Shares of NYSE:DIS opened at $102.16 on Friday. The Walt Disney Company has a 52-week low of $90.23 and a 52-week high of $179.63. The company has a market capitalization of $186.24 billion, a P/E ratio of 59.40, a price-to-earnings-growth ratio of 1.40 and a beta of 1.20. The company has a 50-day simple moving average of $110.43 and a 200 day simple moving average of $113.15. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.97 and a current ratio of 1.02.

Walt Disney (NYSE:DISGet Rating) last released its quarterly earnings results on Wednesday, August 10th. The entertainment giant reported $1.09 earnings per share for the quarter, beating the consensus estimate of $0.99 by $0.10. The firm had revenue of $21.50 billion for the quarter, compared to analysts’ expectations of $21.01 billion. Walt Disney had a net margin of 3.87% and a return on equity of 7.20%. The business’s revenue was up 26.5% on a year-over-year basis. During the same period in the prior year, the firm earned $0.80 EPS. Sell-side analysts forecast that The Walt Disney Company will post 3.85 earnings per share for the current year.

Walt Disney Profile

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The Walt Disney Company, together with its subsidiaries, operates as an entertainment company worldwide. It operates through two segments, Disney Media and Entertainment Distribution; and Disney Parks, Experiences and Products. The company engages in the film and episodic television content production and distribution activities, as well as operates television broadcast networks under the ABC, Disney, ESPN, Freeform, FX, Fox, National Geographic, and Star brands; and studios that produces motion pictures under the Walt Disney Pictures, Twentieth Century Studios, Marvel, Lucasfilm, Pixar, and Searchlight Pictures banners.

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Institutional Ownership by Quarter for Walt Disney (NYSE:DIS)

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