The Walt Disney Company (NYSE:DIS) Shares Sold by BLB&B Advisors LLC

BLB&B Advisors LLC decreased its position in The Walt Disney Company (NYSE:DIS) by 21.7% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 8,746 shares of the entertainment giant’s stock after selling 2,430 shares during the quarter. BLB&B Advisors LLC’s holdings in Walt Disney were worth $868,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the company. Norges Bank bought a new position in Walt Disney in the fourth quarter worth about $1,938,647,000. Jennison Associates LLC acquired a new stake in shares of Walt Disney during the 1st quarter worth approximately $1,490,492,000. Capital World Investors lifted its holdings in shares of Walt Disney by 3,332.4% in the 1st quarter. Capital World Investors now owns 6,267,593 shares of the entertainment giant’s stock worth $766,903,000 after purchasing an additional 6,084,993 shares during the last quarter. ValueAct Holdings L.P. acquired a new position in Walt Disney during the 4th quarter valued at approximately $459,245,000. Finally, Swedbank AB bought a new position in Walt Disney during the 1st quarter worth $493,715,000. 65.71% of the stock is currently owned by institutional investors.

Insider Activity at Walt Disney

In other news, Director Calvin Mcdonald bought 11,756 shares of the business’s stock in a transaction on Thursday, August 8th. The shares were bought at an average cost of $85.06 per share, with a total value of $999,965.36. Following the purchase, the director now directly owns 22,313 shares in the company, valued at $1,897,943.78. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 0.10% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on DIS. UBS Group reduced their price target on shares of Walt Disney from $130.00 to $120.00 and set a “buy” rating for the company in a report on Thursday, August 8th. Redburn Atlantic raised shares of Walt Disney from a “sell” rating to a “neutral” rating and set a $100.00 target price for the company in a research note on Tuesday, May 21st. Moffett Nathanson dropped their price target on shares of Walt Disney from $130.00 to $125.00 and set a “buy” rating on the stock in a research note on Tuesday, July 2nd. Bank of America cut their price target on Walt Disney from $145.00 to $120.00 and set a “buy” rating on the stock in a report on Thursday, August 8th. Finally, Morgan Stanley decreased their price objective on Walt Disney from $130.00 to $110.00 and set an “overweight” rating for the company in a report on Monday, August 5th. Three analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $117.95.

Walt Disney Price Performance

Shares of NYSE DIS traded down $1.41 during mid-day trading on Wednesday, reaching $89.49. The company had a trading volume of 8,494,609 shares, compared to its average volume of 11,509,095. 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 $163.14 billion, a PE ratio of 97.27, a P/E/G ratio of 1.15 and a beta of 1.40. 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 company has a 50-day moving average price of $93.95 and a two-hundred day moving average price of $104.38.

Walt Disney (NYSE:DIS) last issued its quarterly earnings results on Wednesday, August 7th. The entertainment giant reported $1.39 earnings per share for the quarter, topping 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 firm had revenue of $23.20 billion for the quarter, compared to analysts’ expectations of $23.08 billion. During the same quarter last year, the business posted $1.03 EPS. Walt Disney’s revenue was up 3.9% on a year-over-year basis. On average, equities analysts anticipate that The Walt Disney Company will post 4.77 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.