The Walt Disney Company (NYSE:DIS) Stock Holdings Lowered by MSA Advisors LLC

MSA Advisors LLC reduced its stake in shares of The Walt Disney Company (NYSE:DIS) by 9.3% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 90,240 shares of the entertainment giant’s stock after selling 9,300 shares during the period. Walt Disney makes up 2.6% of MSA Advisors LLC’s holdings, making the stock its 10th biggest holding. MSA Advisors LLC’s holdings in Walt Disney were worth $8,960,000 as of its most recent filing with the SEC.

Other hedge funds have also modified their holdings of the company. Gold Investment Management Ltd. purchased a new stake in shares of Walt Disney during the 4th quarter valued at about $28,000. ESL Trust Services LLC acquired a new stake in Walt Disney during the 1st quarter valued at approximately $31,000. Frank Rimerman Advisors LLC acquired a new stake in Walt Disney during the 4th quarter valued at approximately $37,000. Mascoma Wealth Management LLC grew its stake in Walt Disney by 38.0% during the 2nd quarter. Mascoma Wealth Management LLC now owns 443 shares of the entertainment giant’s stock valued at $44,000 after purchasing an additional 122 shares in the last quarter. Finally, Beaird Harris Wealth Management LLC grew its stake in Walt Disney by 30.7% during the 4th quarter. Beaird Harris Wealth Management LLC now owns 498 shares of the entertainment giant’s stock valued at $45,000 after purchasing an additional 117 shares in the last quarter. 65.71% of the stock is currently owned by hedge funds and other institutional investors.

Walt Disney Trading Up 1.4 %

Shares of NYSE DIS opened at $91.84 on Tuesday. The company has a market cap of $166.56 billion, a price-to-earnings ratio of 99.83, a price-to-earnings-growth ratio of 1.31 and a beta of 1.40. The Walt Disney Company has a 12-month low of $78.73 and a 12-month high of $123.74. The company has a current ratio of 0.72, a quick ratio of 0.66 and a debt-to-equity ratio of 0.38. The stock’s 50 day simple moving average is $90.95 and its 200 day simple moving average is $102.35.

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, topping the consensus estimate of $1.20 by $0.19. The business had revenue of $23.20 billion for the quarter, compared to the consensus estimate of $23.08 billion. Walt Disney had a return on equity of 8.64% and a net margin of 5.30%. The business’s revenue was up 3.9% on a year-over-year basis. During the same quarter last year, the business posted $1.03 EPS. Equities research analysts expect that The Walt Disney Company will post 4.92 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the company. Loop Capital lowered their price objective 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. Wells Fargo & Company lowered their price objective on Walt Disney from $136.00 to $116.00 and set an “overweight” rating for the company in a research note on Thursday, August 8th. Morgan Stanley lowered their price objective on Walt Disney from $130.00 to $110.00 and set an “overweight” rating for the company in a research note on Monday, August 5th. Macquarie lowered their price objective 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. Finally, Needham & Company LLC decreased their target price on Walt Disney from $145.00 to $110.00 and set a “buy” rating for the company in a research report on Thursday, August 8th. Three research analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the company’s stock. According to MarketBeat, Walt Disney has an average rating of “Moderate Buy” and an average target price of $117.95.

Insider Buying and Selling at Walt Disney

In other Walt Disney news, Director Calvin Mcdonald bought 11,756 shares of the business’s stock in a transaction on Thursday, August 8th. The shares were purchased 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 acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.10% of the stock is owned by company insiders.

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.