Alliance Wealth Advisors LLC Sells 288 Shares of The Walt Disney Company (NYSE:DIS)

Alliance Wealth Advisors LLC lessened its holdings in The Walt Disney Company (NYSE:DIS) by 1.3% during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 21,070 shares of the entertainment giant’s stock after selling 288 shares during the period. Walt Disney comprises approximately 1.2% of Alliance Wealth Advisors LLC’s holdings, making the stock its 15th biggest position. Alliance Wealth Advisors LLC’s holdings in Walt Disney were worth $2,080,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in DIS. Brighton Jones LLC increased its holdings in Walt Disney by 7.7% in the 4th quarter. Brighton Jones LLC now owns 26,767 shares of the entertainment giant’s stock worth $2,980,000 after acquiring an additional 1,904 shares in the last quarter. Insight Advisors LLC PA increased its holdings in Walt Disney by 10.6% in the 4th quarter. Insight Advisors LLC PA now owns 2,779 shares of the entertainment giant’s stock worth $308,000 after acquiring an additional 266 shares in the last quarter. Adero Partners LLC purchased a new stake in Walt Disney in the 4th quarter worth approximately $208,000. Financial Advocates Investment Management increased its holdings in Walt Disney by 2.1% in the 4th quarter. Financial Advocates Investment Management now owns 12,547 shares of the entertainment giant’s stock worth $1,397,000 after acquiring an additional 263 shares in the last quarter. Finally, Silver Oak Securities Incorporated increased its holdings in Walt Disney by 31.2% in the 4th quarter. Silver Oak Securities Incorporated now owns 10,404 shares of the entertainment giant’s stock worth $1,153,000 after acquiring an additional 2,477 shares in the last quarter. Institutional investors own 65.71% of the company’s stock.

Walt Disney Stock Up 1.3%

NYSE:DIS opened at $113.95 on Friday. The Walt Disney Company has a twelve month low of $80.10 and a twelve month high of $118.63. The company has a market cap of $204.85 billion, a price-to-earnings ratio of 37.12, a price-to-earnings-growth ratio of 1.80 and a beta of 1.49. The stock has a fifty day simple moving average of $98.47 and a 200-day simple moving average of $105.80. The company has a current ratio of 0.68, a quick ratio of 0.62 and a debt-to-equity ratio of 0.36.

Walt Disney (NYSE:DIS) last released its earnings results on Wednesday, May 7th. The entertainment giant reported $1.45 earnings per share for the quarter, topping the consensus estimate of $1.21 by $0.24. Walt Disney had a return on equity of 9.95% and a net margin of 6.07%. The business had revenue of $23.62 billion during the quarter, compared to the consensus estimate of $23.15 billion. During the same period last year, the company earned $1.21 earnings per share. The business’s revenue for the quarter was up 7.0% compared to the same quarter last year. Analysts anticipate that The Walt Disney Company will post 5.47 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on DIS shares. Needham & Company LLC reissued a “buy” rating and issued a $125.00 target price on shares of Walt Disney in a report on Thursday, May 8th. Guggenheim cut their price objective on shares of Walt Disney from $130.00 to $120.00 and set a “buy” rating for the company in a report on Thursday, May 8th. Loop Capital increased their price objective on shares of Walt Disney from $120.00 to $125.00 and gave the company a “buy” rating in a report on Thursday, May 8th. Barclays increased their price objective on shares of Walt Disney from $115.00 to $120.00 and gave the company an “overweight” rating in a report on Thursday, May 8th. Finally, Rosenblatt Securities increased their price objective on shares of Walt Disney from $135.00 to $140.00 and gave the company a “buy” rating in a report on Tuesday. Six analysts have rated the stock with a hold rating, seventeen have issued a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $123.75.

Insider Activity at Walt Disney

In related news, EVP Brent Woodford sold 1,000 shares of Walt Disney stock in a transaction dated Tuesday, May 13th. The stock was sold at an average price of $110.84, for a total value of $110,840.00. Following the completion of the sale, the executive vice president now directly owns 46,831 shares in the company, valued at $5,190,748.04. The trade was a 2.09% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.16% of the stock is currently owned by corporate 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.