Jaffetilchin Investment Partners LLC Sells 6,189 Shares of The Walt Disney Company (NYSE:DIS)

Jaffetilchin Investment Partners LLC lowered its holdings in shares of The Walt Disney Company (NYSE:DIS) by 34.6% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 11,724 shares of the entertainment giant’s stock after selling 6,189 shares during the quarter. Jaffetilchin Investment Partners LLC’s holdings in Walt Disney were worth $1,164,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Norges Bank purchased a new position in Walt Disney in the fourth quarter worth about $1,938,647,000. Jennison Associates LLC purchased a new position in shares of Walt Disney in the 1st quarter worth approximately $1,490,492,000. Capital World Investors increased its position in shares of 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 valued at $766,903,000 after purchasing an additional 6,084,993 shares during the last quarter. ValueAct Holdings L.P. purchased a new stake in Walt Disney during the 4th quarter valued at $459,245,000. Finally, Swedbank AB bought a new stake in Walt Disney in the first quarter worth $493,715,000. 65.71% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Walt Disney

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

Walt Disney Stock Performance

Shares of Walt Disney stock traded up $0.57 during trading on Friday, hitting $90.38. 8,403,632 shares of the company’s stock were exchanged, compared to its average volume of 11,458,939. The Walt Disney Company has a 52-week low of $78.73 and a 52-week high of $123.74. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.69 and a current ratio of 0.75. The stock has a market capitalization of $164.77 billion, a price-to-earnings ratio of 98.24, a PEG ratio of 1.15 and a beta of 1.40. The business has a 50-day simple moving average of $93.23 and a 200-day simple moving average of $104.04.

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

Wall Street Analyst Weigh In

A number of research analysts have weighed in on DIS shares. Bank of America cut their price objective on shares of Walt Disney from $145.00 to $120.00 and set a “buy” rating on the stock in a research report on Thursday, August 8th. JPMorgan Chase & Co. reduced 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. Barclays lowered their target price on Walt Disney from $130.00 to $105.00 and set an “overweight” rating for the company in a report on Thursday, August 8th. Needham & Company LLC dropped their price objective on shares of Walt Disney from $145.00 to $110.00 and set a “buy” rating on the stock in a research note on Thursday, August 8th. Finally, The Goldman Sachs Group started coverage on Walt Disney in a research report on Tuesday, June 25th. They set a “buy” rating and a $125.00 price objective on the stock. Three equities research analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $117.95.

About Walt Disney

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.