Kathmere Capital Management LLC Sells 1,491 Shares of The Walt Disney Company (NYSE:DIS)

Kathmere Capital Management LLC lessened its stake in The Walt Disney Company (NYSE:DIS) by 34.8% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,793 shares of the entertainment giant’s stock after selling 1,491 shares during the quarter. Kathmere Capital Management LLC’s holdings in Walt Disney were worth $252,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Trust Point Inc. acquired a new position in Walt Disney during the fourth quarter valued at approximately $781,000. WealthShield Partners LLC acquired a new position in Walt Disney during the fourth quarter valued at approximately $230,000. Advisory Alpha LLC grew its holdings in Walt Disney by 8.3% during the fourth quarter. Advisory Alpha LLC now owns 7,971 shares of the entertainment giant’s stock valued at $720,000 after purchasing an additional 609 shares during the period. Walkner Condon Financial Advisors LLC grew its holdings in Walt Disney by 14.8% during the fourth quarter. Walkner Condon Financial Advisors LLC now owns 3,034 shares of the entertainment giant’s stock valued at $274,000 after purchasing an additional 390 shares during the period. Finally, Breakwater Capital Group grew its holdings in Walt Disney by 4.1% during the fourth quarter. Breakwater Capital Group now owns 8,081 shares of the entertainment giant’s stock valued at $768,000 after purchasing an additional 321 shares during the period. Institutional investors and hedge funds own 65.71% of the company’s stock.

Walt Disney Stock Performance

Shares of NYSE:DIS traded down $3.48 on Friday, hitting $89.57. The company had a trading volume of 15,433,552 shares, compared to its average volume of 10,202,989. The company has a current ratio of 0.75, a quick ratio of 0.69 and a debt-to-equity ratio of 0.38. The stock has a 50 day moving average price of $98.39 and a 200 day moving average price of $105.33. The Walt Disney Company has a 1-year low of $78.73 and a 1-year high of $123.74. The stock has a market cap of $163.29 billion, a price-to-earnings ratio of 97.36, a P/E/G ratio of 1.15 and a beta of 1.40.

Walt Disney (NYSE:DIS) last posted its earnings results on Tuesday, May 7th. The entertainment giant reported $1.21 EPS for the quarter, topping analysts’ consensus estimates of $1.12 by $0.09. The firm had revenue of $22.08 billion during the quarter, compared to analysts’ expectations of $22.12 billion. Walt Disney had a net margin of 1.90% and a return on equity of 8.37%. The business’s revenue for the quarter was up 1.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.93 earnings per share. Analysts expect that The Walt Disney Company will post 4.77 EPS for the current year.

Insider Buying and Selling

In other news, EVP Sonia L. Coleman sold 4,400 shares of Walt Disney stock in a transaction on Thursday, May 9th. The stock was sold at an average price of $106.00, for a total transaction of $466,400.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other news, EVP Sonia L. Coleman sold 4,400 shares of the business’s stock in a transaction dated Thursday, May 9th. The stock was sold at an average price of $106.00, for a total transaction of $466,400.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director James P. Gorman acquired 20,000 shares of the company’s stock in a transaction dated Wednesday, May 8th. The shares were bought at an average cost 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 approximately $2,170,116.01. The disclosure for this purchase can be found here. 0.10% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on DIS. Redburn Atlantic raised shares of Walt Disney from a “sell” rating to a “neutral” rating and set a $100.00 price target on the stock in a research note on Tuesday, May 21st. Needham & Company LLC reaffirmed a “buy” rating and issued a $145.00 price target on shares of Walt Disney in a research note on Wednesday, July 3rd. Argus lifted their price target on shares of Walt Disney from $125.00 to $140.00 and gave the company a “buy” rating in a research note on Wednesday, April 10th. The Goldman Sachs Group began coverage on shares of Walt Disney in a research note on Tuesday, June 25th. They issued a “buy” rating and a $125.00 price target on the stock. Finally, Macquarie lifted their price target on shares of Walt Disney from $104.00 to $107.00 and gave the company a “neutral” rating in a research note on Monday, May 13th. Three research analysts have rated the stock with a hold rating and twenty-three have assigned a buy rating to the stock. Based on data from MarketBeat.com, Walt Disney has a consensus rating of “Moderate Buy” and an average price target of $128.13.

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.