Nations Financial Group Inc. IA ADV Sells 3,226 Shares of The Walt Disney Company (NYSE:DIS)

Nations Financial Group Inc. IA ADV cut its stake in The Walt Disney Company (NYSE:DIS) by 22.0% in the second quarter, HoldingsChannel.com reports. The fund owned 11,420 shares of the entertainment giant’s stock after selling 3,226 shares during the period. Nations Financial Group Inc. IA ADV’s holdings in Walt Disney were worth $1,134,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of DIS. Norges Bank bought a new stake in shares of Walt Disney in the 4th quarter valued at about $1,938,647,000. Jennison Associates LLC bought a new stake in Walt Disney during the 1st quarter worth approximately $1,490,492,000. Capital World Investors increased its stake in Walt Disney by 3,332.4% during 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 in the last quarter. ValueAct Holdings L.P. bought a new stake in Walt Disney during the 4th quarter worth approximately $459,245,000. Finally, Swedbank AB bought a new stake in Walt Disney during the 1st quarter worth approximately $493,715,000. 65.71% of the stock is owned by institutional investors.

Walt Disney Stock Performance

Walt Disney stock traded up $0.57 during mid-day trading on Friday, hitting $90.38. 8,401,126 shares of the company’s stock traded hands, compared to its average volume of 11,458,939. The firm has a 50 day simple moving average of $93.47 and a two-hundred day simple moving average of $104.17. The Walt Disney Company has a fifty-two week low of $78.73 and a fifty-two week high of $123.74. The stock has a market cap of $164.77 billion, a price-to-earnings ratio of 98.24, a P/E/G ratio of 1.15 and a beta of 1.40. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.75 and a quick ratio of 0.69.

Walt Disney (NYSE:DIS) last announced its quarterly earnings results on Wednesday, August 7th. The entertainment giant reported $1.39 earnings per share (EPS) for the quarter, beating the consensus estimate 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 the consensus estimate of $23.08 billion. During the same quarter last year, the firm posted $1.03 EPS. The company’s quarterly revenue was up 3.9% on a year-over-year basis. On average, research analysts expect that The Walt Disney Company will post 4.77 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. Barclays lowered their target price on Walt Disney from $130.00 to $105.00 and set an “overweight” rating for the company in a research note on Thursday, August 8th. Macquarie lowered their target price on Walt Disney from $107.00 to $94.00 and set a “neutral” rating for the company in a research note on Monday, August 12th. JPMorgan Chase & Co. lowered their target price on Walt Disney from $135.00 to $125.00 and set an “overweight” rating for the company in a research note on Thursday, August 8th. Loop Capital lowered their target price on Walt Disney from $139.00 to $130.00 and set a “buy” rating for the company in a research note on Tuesday, July 30th. Finally, Redburn Atlantic raised shares of Walt Disney from a “sell” rating to a “neutral” rating and set a $100.00 price target for the company in a research note on Tuesday, May 21st. Three investment analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the company. According to MarketBeat.com, Walt Disney has a consensus rating of “Moderate Buy” and a consensus target price of $117.95.

Insiders Place Their Bets

In other news, Director Calvin Mcdonald acquired 11,756 shares of the stock in a transaction on Thursday, August 8th. The shares were purchased at an average price of $85.06 per share, for a total transaction of $999,965.36. Following the transaction, the director now directly owns 22,313 shares of the company’s stock, valued at $1,897,943.78. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 0.10% of the company’s stock.

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.