The Walt Disney Company $DIS Shares Sold by Signature Estate & Investment Advisors LLC

Signature Estate & Investment Advisors LLC cut its holdings in The Walt Disney Company (NYSE:DIS) by 10.3% in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 7,539 shares of the entertainment giant’s stock after selling 867 shares during the period. Signature Estate & Investment Advisors LLC’s holdings in Walt Disney were worth $935,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the business. Brighton Jones LLC grew 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 valued at $2,980,000 after buying an additional 1,904 shares during the period. GAMMA Investing LLC boosted its position in shares of Walt Disney by 8.1% in the first quarter. GAMMA Investing LLC now owns 24,830 shares of the entertainment giant’s stock worth $2,451,000 after acquiring an additional 1,856 shares during the last quarter. Advisor Resource Council purchased a new stake in Walt Disney in the first quarter valued at approximately $434,000. Inlight Wealth Management LLC purchased a new position in Walt Disney during the first quarter worth approximately $107,000. Finally, Cullinan Associates Inc. boosted its holdings in shares of Walt Disney by 4.1% in the 1st quarter. Cullinan Associates Inc. now owns 76,552 shares of the entertainment giant’s stock valued at $7,556,000 after purchasing an additional 3,030 shares during the last quarter. Hedge funds and other institutional investors own 65.71% of the company’s stock.

Walt Disney Stock Performance

Shares of NYSE:DIS opened at $110.69 on Monday. The business’s 50-day simple moving average is $114.86 and its 200 day simple moving average is $110.99. The company has a market cap of $199.00 billion, a P/E ratio of 17.35, a PEG ratio of 1.45 and a beta of 1.54. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.66 and a current ratio of 0.72. The Walt Disney Company has a one year low of $80.10 and a one year high of $124.69.

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

Analysts Set New Price Targets

DIS has been the subject of a number of research analyst reports. Citigroup upped their price objective on Walt Disney from $125.00 to $140.00 and gave the stock a “buy” rating in a report on Wednesday, July 9th. Needham & Company LLC restated a “buy” rating and set a $125.00 price target on shares of Walt Disney in a research note on Tuesday, September 23rd. JPMorgan Chase & Co. lifted their price objective on Walt Disney from $130.00 to $138.00 and gave the company an “overweight” rating in a research note on Tuesday, July 29th. Wall Street Zen downgraded shares of Walt Disney from a “buy” rating to a “hold” rating in a research report on Friday, October 3rd. Finally, Raymond James Financial restated a “neutral” rating on shares of Walt Disney in a report on Monday, August 11th. Nineteen investment analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. According to MarketBeat.com, Walt Disney presently has an average rating of “Moderate Buy” and a consensus price target of $132.90.

Walt Disney Company 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.