The Walt Disney Company (NYSE:DIS) Position Decreased by Raymond James & Associates

Raymond James & Associates reduced its holdings in The Walt Disney Company (NYSE:DIS) by 1.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,302,411 shares of the entertainment giant’s stock after selling 23,241 shares during the quarter. Raymond James & Associates owned 0.13% of Walt Disney worth $228,606,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the business. Gold Investment Management Ltd. acquired a new stake in shares of Walt Disney during the fourth quarter valued at approximately $28,000. ESL Trust Services LLC acquired a new stake in shares of Walt Disney in the first quarter worth $31,000. Partnership Wealth Management LLC purchased a new position in shares of Walt Disney during the fourth quarter valued at $33,000. Evolution Advisers Inc. raised its position in Walt Disney by 38.2% during the fourth quarter. Evolution Advisers Inc. now owns 380 shares of the entertainment giant’s stock valued at $34,000 after buying an additional 105 shares during the period. Finally, Frank Rimerman Advisors LLC purchased a new stake in Walt Disney in the 4th quarter worth about $37,000. 65.71% of the stock is owned by institutional investors and hedge funds.

Walt Disney Price Performance

DIS traded up $0.51 during trading on Friday, hitting $89.30. The company’s stock had a trading volume of 10,277,743 shares, compared to its average volume of 11,680,049. 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 stock has a market capitalization of $162.80 billion, a price-to-earnings ratio of 97.07, a price-to-earnings-growth ratio of 1.15 and a beta of 1.40. The firm’s 50 day moving average price is $95.41 and its two-hundred day moving average price is $104.83. The Walt Disney Company has a 12 month low of $78.73 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 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.20 by $0.19. Walt Disney had a return on equity of 8.37% and a net margin of 1.90%. The business had revenue of $23.20 billion during the quarter, compared to analysts’ expectations of $23.08 billion. During the same period in the previous year, the business posted $1.03 earnings per share. The firm’s revenue for the quarter was up 3.9% compared to the same quarter last year. Sell-side analysts forecast that The Walt Disney Company will post 4.77 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

DIS has been the topic of a number of research reports. Raymond James dropped their target price on Walt Disney from $123.00 to $101.00 and set an “outperform” rating on the stock in a report on Thursday, August 8th. Macquarie cut their target price on shares of Walt Disney from $107.00 to $94.00 and set a “neutral” rating for the company in a research report on Monday, August 12th. JPMorgan Chase & Co. dropped their price target on shares of Walt Disney from $135.00 to $125.00 and set an “overweight” rating on the stock in a research note on Thursday, August 8th. Morgan Stanley reduced their price target on Walt Disney from $130.00 to $110.00 and set an “overweight” rating for the company in a report on Monday, August 5th. Finally, Needham & Company LLC dropped their price objective on Walt Disney from $145.00 to $110.00 and set a “buy” rating on the stock in a report on Thursday, August 8th. Three analysts have rated the stock with a hold rating and twenty-two have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $118.13.

Insider Buying and Selling

In other news, Director Calvin Mcdonald acquired 11,756 shares of the firm’s stock in a transaction on Thursday, August 8th. The shares were purchased at an average cost of $85.06 per share, for a total transaction of $999,965.36. Following the transaction, the director now owns 22,313 shares of the company’s stock, valued at $1,897,943.78. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. 0.10% of the stock is currently owned by corporate insiders.

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.