Oxinas Partners Wealth Management LLC Trims Stock Position in The Walt Disney Company (NYSE:DIS)

Oxinas Partners Wealth Management LLC decreased its stake in The Walt Disney Company (NYSE:DIS) by 16.8% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,460 shares of the entertainment giant’s stock after selling 700 shares during the quarter. Oxinas Partners Wealth Management LLC’s holdings in Walt Disney were worth $344,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Palisade Asset Management LLC increased its stake in Walt Disney by 14.2% during the 4th quarter. Palisade Asset Management LLC now owns 6,687 shares of the entertainment giant’s stock worth $604,000 after buying an additional 829 shares in the last quarter. Blue Barn Wealth LLC purchased a new position in Walt Disney in the 4th quarter valued at $210,000. Gryphon Financial Partners LLC acquired a new stake in Walt Disney during the 4th quarter worth $603,000. RMR Wealth Builders grew its holdings in shares of Walt Disney by 5.2% during the fourth quarter. RMR Wealth Builders now owns 14,357 shares of the entertainment giant’s stock worth $1,296,000 after buying an additional 714 shares in the last quarter. Finally, National Pension Service raised its position in shares of Walt Disney by 2.0% in the fourth quarter. National Pension Service now owns 3,137,491 shares of the entertainment giant’s stock valued at $283,284,000 after buying an additional 62,413 shares during the last quarter. Hedge funds and other institutional investors own 65.71% of the company’s stock.

Insider Buying and Selling at Walt Disney

In related news, Director Calvin Mcdonald acquired 11,756 shares of the business’s stock in a transaction on Thursday, August 8th. The shares were bought at an average price of $85.06 per share, with a total value of $999,965.36. Following the completion of the acquisition, the director now owns 22,313 shares in the company, valued at $1,897,943.78. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.10% of the stock is owned by insiders.

Walt Disney Stock Performance

NYSE:DIS opened at $89.13 on Wednesday. The company has a market cap of $162.49 billion, a price-to-earnings ratio of 96.88, a price-to-earnings-growth ratio of 1.34 and a beta of 1.40. The company has a quick ratio of 0.66, a current ratio of 0.72 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 company has a fifty day simple moving average of $92.74 and a two-hundred day simple moving average of $103.63.

Walt Disney (NYSE:DIS) last released its 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 net margin of 5.30% and a return on equity of 8.64%. The firm had revenue of $23.20 billion for the quarter, compared to analyst estimates of $23.08 billion. During the same period in the prior year, the firm earned $1.03 earnings per share. The business’s quarterly revenue was up 3.9% compared to the same quarter last year. As a group, equities analysts anticipate that The Walt Disney Company will post 4.92 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on DIS shares. Bank of America dropped their price objective on shares of Walt Disney from $145.00 to $120.00 and set a “buy” rating for the company in a research note on Thursday, August 8th. JPMorgan Chase & Co. reduced their price objective on Walt Disney from $135.00 to $125.00 and set an “overweight” rating on the stock in a research report on Thursday, August 8th. Loop Capital dropped their target price on Walt Disney from $139.00 to $130.00 and set a “buy” rating for the company in a report on Tuesday, July 30th. Evercore ISI reduced their price target on Walt Disney from $128.00 to $105.00 and set an “outperform” rating on the stock in a report on Thursday, August 8th. Finally, Macquarie cut their price objective 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. Three research analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the stock. According to MarketBeat, the company 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.