Abacus Planning Group Inc. Sells 384 Shares of The Walt Disney Company $DIS

Abacus Planning Group Inc. cut its position in shares of The Walt Disney Company (NYSE:DIS) by 4.9% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 7,435 shares of the entertainment giant’s stock after selling 384 shares during the quarter. Abacus Planning Group Inc.’s holdings in Walt Disney were worth $922,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of DIS. MJT & Associates Financial Advisory Group Inc. bought a new position in shares of Walt Disney during the first quarter worth about $26,000. DiNuzzo Private Wealth Inc. grew its holdings in shares of Walt Disney by 82.5% during the second quarter. DiNuzzo Private Wealth Inc. now owns 208 shares of the entertainment giant’s stock worth $26,000 after buying an additional 94 shares in the last quarter. Kessler Investment Group LLC grew its holdings in shares of Walt Disney by 274.0% during the first quarter. Kessler Investment Group LLC now owns 273 shares of the entertainment giant’s stock worth $27,000 after buying an additional 200 shares in the last quarter. First PREMIER Bank grew its stake in Walt Disney by 72.2% in the first quarter. First PREMIER Bank now owns 489 shares of the entertainment giant’s stock valued at $48,000 after purchasing an additional 205 shares in the last quarter. Finally, Capitol Family Office Inc. bought a new position in Walt Disney in the first quarter valued at approximately $52,000. 65.71% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the company. UBS Group raised their price target on Walt Disney from $120.00 to $138.00 and gave the company a “buy” rating in a research note on Wednesday, July 16th. Jefferies Financial Group downgraded Walt Disney from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 11th. Stephens restated a “buy” rating on shares of Walt Disney in a research note on Monday, August 11th. JPMorgan Chase & Co. raised their price target on Walt Disney from $130.00 to $138.00 and gave the company an “overweight” rating in a research note on Tuesday, July 29th. Finally, Barclays raised their price target on Walt Disney from $120.00 to $140.00 and gave the company an “overweight” rating in a research note on Wednesday, July 9th. Nineteen equities research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $131.18.

Walt Disney Stock Performance

DIS opened at $112.14 on Friday. The Walt Disney Company has a 12-month low of $80.10 and a 12-month high of $124.69. The stock has a market cap of $201.62 billion, a price-to-earnings ratio of 17.58, a PEG ratio of 1.48 and a beta of 1.54. The business has a 50 day moving average of $116.30 and a 200-day moving average of $109.86. The company has a quick ratio of 0.66, a current ratio of 0.72 and a debt-to-equity ratio of 0.32.

Walt Disney (NYSE:DIS) last released its quarterly earnings data on Wednesday, August 6th. The entertainment giant reported $1.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.45 by $0.16. Walt Disney had a return on equity of 9.67% and a net margin of 12.22%.The company had revenue of $23.65 billion during the quarter, compared to analysts’ expectations of $23.69 billion. During the same period last year, the firm posted $1.39 earnings per share. The business’s revenue was up 2.1% on a year-over-year basis. On average, equities research analysts expect that The Walt Disney Company will post 5.47 earnings per share for the current year.

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.