Taylor Financial Group Inc. Lowers Stake in The Walt Disney Company (NYSE:DIS)

Taylor Financial Group Inc. lessened its holdings in The Walt Disney Company (NYSE:DIS) by 9.1% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,685 shares of the entertainment giant’s stock after selling 470 shares during the period. Taylor Financial Group Inc.’s holdings in Walt Disney were worth $465,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently bought and sold shares of the business. ESL Trust Services LLC acquired a new position in shares of Walt Disney during the 1st quarter worth about $31,000. Gold Investment Management Ltd. acquired a new position in shares of Walt Disney during the fourth quarter valued at approximately $28,000. Partnership Wealth Management LLC purchased a new position in shares of Walt Disney in the fourth quarter valued at approximately $33,000. Red Tortoise LLC increased its position in shares of Walt Disney by 141.4% during the first quarter. Red Tortoise LLC now owns 367 shares of the entertainment giant’s stock worth $45,000 after purchasing an additional 215 shares in the last quarter. Finally, PFG Private Wealth Management LLC raised its stake in Walt Disney by 32.1% in the 1st quarter. PFG Private Wealth Management LLC now owns 412 shares of the entertainment giant’s stock valued at $50,000 after purchasing an additional 100 shares during the last quarter. Institutional investors and hedge funds own 65.71% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on DIS shares. Raymond James lowered their target price on shares of Walt Disney from $123.00 to $101.00 and set an “outperform” rating on the stock in a research note on Thursday, August 8th. Evercore ISI decreased their target price on shares of Walt Disney from $128.00 to $105.00 and set an “outperform” rating on the stock in a research note on Thursday, August 8th. Bank of America dropped their price target on Walt Disney from $145.00 to $120.00 and set a “buy” rating for the company in a research report on Thursday, August 8th. Wells Fargo & Company reduced their price objective on Walt Disney from $136.00 to $116.00 and set an “overweight” rating on the stock in a research report on Thursday, August 8th. Finally, UBS Group dropped their target price on Walt Disney from $130.00 to $120.00 and set a “buy” rating for the company in a report on Thursday, August 8th. Three analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $117.95.

Insider Activity

In other news, Director Calvin Mcdonald bought 11,756 shares of the stock in a transaction that occurred on Thursday, August 8th. The stock was purchased at an average price of $85.06 per share, for a total transaction of $999,965.36. Following the completion of the purchase, the director now owns 22,313 shares in the company, valued at approximately $1,897,943.78. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 0.10% of the company’s stock.

Walt Disney Trading Up 0.6 %

NYSE:DIS traded up $0.57 on Friday, reaching $90.38. 8,403,632 shares of the company’s stock were exchanged, compared to its average volume of 11,458,939. The business has a fifty day moving average of $93.23 and a 200-day moving average of $104.04. 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 Walt Disney Company has a 52-week low of $78.73 and a 52-week high of $123.74. The firm has a market capitalization of $164.77 billion, a price-to-earnings ratio of 98.24, a price-to-earnings-growth ratio of 1.15 and a beta of 1.40.

Walt Disney (NYSE:DIS) last released its 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 firm had revenue of $23.20 billion during the quarter, compared to analyst estimates of $23.08 billion. During the same period last year, the business posted $1.03 earnings per share. Walt Disney’s revenue was up 3.9% compared to the same quarter last year. As a group, analysts expect that The Walt Disney Company will post 4.77 earnings per share for the current year.

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.