Captrust Financial Advisors Reduces Position in The Walt Disney Company (NYSE:DIS)

Captrust Financial Advisors lessened its stake in shares of The Walt Disney Company (NYSE:DIS) by 20.2% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 247,752 shares of the entertainment giant’s stock after selling 62,887 shares during the quarter. Captrust Financial Advisors’ holdings in Walt Disney were worth $30,315,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the stock. Vaughan Nelson Investment Management L.P. raised its holdings in shares of Walt Disney by 84.6% during the first quarter. Vaughan Nelson Investment Management L.P. now owns 2,000,267 shares of the entertainment giant’s stock valued at $244,754,000 after acquiring an additional 916,772 shares in the last quarter. Avitas Wealth Management LLC raised its holdings in Walt Disney by 2.2% in the fourth quarter. Avitas Wealth Management LLC now owns 11,037 shares of the entertainment giant’s stock worth $997,000 after purchasing an additional 238 shares in the last quarter. Telos Capital Management Inc. raised its holdings in Walt Disney by 1.7% in the fourth quarter. Telos Capital Management Inc. now owns 74,767 shares of the entertainment giant’s stock worth $6,751,000 after purchasing an additional 1,236 shares in the last quarter. Valmark Advisers Inc. raised its holdings in Walt Disney by 4.9% in the fourth quarter. Valmark Advisers Inc. now owns 7,744 shares of the entertainment giant’s stock worth $699,000 after purchasing an additional 359 shares in the last quarter. Finally, Jennison Associates LLC bought a new position in Walt Disney in the first quarter worth $1,490,492,000. Hedge funds and other institutional investors own 65.71% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on DIS. Macquarie increased their price objective on Walt Disney from $104.00 to $107.00 and gave the stock a “neutral” rating in a report on Monday, May 13th. JPMorgan Chase & Co. began coverage on Walt Disney in a report on Thursday, April 11th. They issued an “overweight” rating and a $140.00 price objective for the company. Argus increased their price objective on Walt Disney from $125.00 to $140.00 and gave the stock a “buy” rating in a report on Wednesday, April 10th. Loop Capital reduced their price target on Walt Disney from $139.00 to $130.00 and set a “buy” rating for the company in a report on Tuesday. Finally, The Goldman Sachs Group assumed coverage on Walt Disney in a report on Tuesday, June 25th. They set a “buy” rating and a $125.00 price target for the company. Three research analysts have rated the stock with a hold rating and twenty-three have given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $128.13.

Insider Transactions at Walt Disney

In other news, EVP Sonia L. Coleman sold 4,400 shares of the firm’s stock in a transaction dated Thursday, May 9th. The stock was sold at an average price of $106.00, for a total value of $466,400.00. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In other Walt Disney news, Director James P. Gorman bought 20,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 8th. The shares were bought at an average price of $106.03 per share, with a total value of $2,120,600.00. Following the purchase, the director now owns 20,467 shares of the company’s stock, valued at $2,170,116.01. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Sonia L. Coleman sold 4,400 shares of Walt Disney stock in a transaction that occurred on Thursday, May 9th. The shares were sold at an average price of $106.00, for a total value of $466,400.00. The disclosure for this sale can be found here. Corporate insiders own 0.10% of the company’s stock.

Walt Disney Stock Performance

NYSE:DIS traded up $0.50 on Tuesday, hitting $92.64. The stock had a trading volume of 4,601,010 shares, compared to its average volume of 11,292,440. The stock has a market cap of $168.89 billion, a price-to-earnings ratio of 100.62, a price-to-earnings-growth ratio of 1.12 and a beta of 1.40. The company has a quick ratio of 0.69, a current ratio of 0.75 and a debt-to-equity ratio of 0.38. The business’s 50-day simple moving average is $99.16 and its two-hundred day simple moving average is $105.39. The Walt Disney Company has a 52-week low of $78.73 and a 52-week high of $123.74.

Walt Disney (NYSE:DIS) last posted its quarterly earnings data on Tuesday, May 7th. The entertainment giant reported $1.21 EPS for the quarter, topping the consensus estimate of $1.12 by $0.09. Walt Disney had a return on equity of 8.37% and a net margin of 1.90%. The firm had revenue of $22.08 billion for the quarter, compared to the consensus estimate of $22.12 billion. During the same quarter last year, the company earned $0.93 earnings per share. The business’s revenue for the quarter was up 1.2% compared to the same quarter last year. As a group, research analysts predict that The Walt Disney Company will post 4.75 earnings per share for the current year.

Walt Disney 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.