Main Street Financial Solutions LLC Sells 244 Shares of The Walt Disney Company (NYSE:DIS)

Main Street Financial Solutions LLC reduced its position in The Walt Disney Company (NYSE:DIS) by 2.7% in the 2nd quarter, Holdings Channel reports. The firm owned 8,820 shares of the entertainment giant’s stock after selling 244 shares during the quarter. Main Street Financial Solutions LLC’s holdings in Walt Disney were worth $876,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently bought and sold shares of DIS. Gryphon Financial Partners LLC acquired a new stake in Walt Disney during the fourth quarter valued at approximately $603,000. EFG Asset Management North America Corp. lifted its position in shares of Walt Disney by 141.9% during the 4th quarter. EFG Asset Management North America Corp. now owns 12,156 shares of the entertainment giant’s stock worth $1,098,000 after buying an additional 7,131 shares during the period. Atlantic Edge Private Wealth Management LLC acquired a new stake in Walt Disney in the 4th quarter valued at $723,000. Private Wealth Management Group LLC bought a new stake in Walt Disney in the fourth quarter valued at $105,000. Finally, First National Advisers LLC raised its stake in Walt Disney by 65.6% during the fourth quarter. First National Advisers LLC now owns 8,079 shares of the entertainment giant’s stock worth $729,000 after acquiring an additional 3,200 shares in the last quarter. Institutional investors and hedge funds own 65.71% of the company’s stock.

Walt Disney Stock Performance

Shares of NYSE:DIS opened at $89.30 on Friday. The company has a market capitalization of $162.80 billion, a price-to-earnings ratio of 97.07, a P/E/G ratio of 1.31 and a beta of 1.40. The firm’s 50 day simple moving average is $91.21 and its 200 day simple moving average is $102.72. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.72 and a quick ratio of 0.66. The Walt Disney Company has a fifty-two week low of $78.73 and a fifty-two week high of $123.74.

Walt Disney (NYSE:DIS) last announced 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 net margin of 5.30% and a return on equity of 8.64%. The company had revenue of $23.20 billion for the quarter, compared to analysts’ expectations of $23.08 billion. During the same period last year, the firm posted $1.03 earnings per share. The business’s quarterly revenue was up 3.9% compared to the same quarter last year. As a group, sell-side analysts forecast that The Walt Disney Company will post 4.92 earnings per share for the current year.

Insider Buying and Selling at Walt Disney

In other Walt Disney news, Director Calvin Mcdonald acquired 11,756 shares of the business’s stock in a transaction dated Thursday, August 8th. The shares were acquired at an average price of $85.06 per share, for a total transaction of $999,965.36. Following the acquisition, the director now directly owns 22,313 shares of the company’s stock, valued at approximately $1,897,943.78. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.10% of the company’s stock.

Analyst Ratings Changes

Several analysts have weighed in on the stock. The Goldman Sachs Group assumed coverage on shares of Walt Disney in a research note on Tuesday, June 25th. They set a “buy” rating and a $125.00 price objective on the stock. Morgan Stanley cut their price objective on Walt Disney from $130.00 to $110.00 and set an “overweight” rating for the company in a research report on Monday, August 5th. 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 note on Thursday, August 8th. Needham & Company LLC lowered their target price on Walt Disney from $145.00 to $110.00 and set a “buy” rating for the company in a research note on Thursday, August 8th. Finally, Loop Capital reduced their price target on shares of Walt Disney from $139.00 to $130.00 and set a “buy” rating on the stock in a research report on Tuesday, July 30th. Three investment analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $117.95.

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.