Insight Advisors LLC PA Cuts Stake in The Walt Disney Company (NYSE:DIS)

Insight Advisors LLC PA reduced its stake in shares of The Walt Disney Company (NYSE:DIS) by 5.5% during the second quarter, Holdings Channel reports. The institutional investor owned 3,080 shares of the entertainment giant’s stock after selling 180 shares during the quarter. Insight Advisors LLC PA’s holdings in Walt Disney were worth $306,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of DIS. Gold Investment Management Ltd. purchased a new position in Walt Disney during the 4th quarter valued at about $28,000. Stone House Investment Management LLC lifted its stake in Walt Disney by 355.3% in the fourth quarter. Stone House Investment Management LLC now owns 346 shares of the entertainment giant’s stock worth $31,000 after acquiring an additional 270 shares during the period. ESL Trust Services LLC bought a new stake in Walt Disney in the first quarter valued at $31,000. Partnership Wealth Management LLC purchased a new position in Walt Disney during the 4th quarter valued at $33,000. Finally, Evolution Advisers Inc. raised its holdings in Walt Disney by 38.2% in the 4th quarter. Evolution Advisers Inc. now owns 380 shares of the entertainment giant’s stock worth $34,000 after purchasing an additional 105 shares in the last quarter. 65.71% of the stock is owned by hedge funds and other institutional investors.

Walt Disney Stock Performance

NYSE DIS traded down $0.37 on Tuesday, reaching $85.58. 8,434,211 shares of the stock were exchanged, compared to its average volume of 11,658,888. The firm has a market capitalization of $156.02 billion, a PE ratio of 93.14, a PEG ratio of 1.15 and a beta of 1.40. The company has a current ratio of 0.75, a quick ratio of 0.69 and a debt-to-equity ratio of 0.38. The company’s 50-day simple moving average is $96.56 and its two-hundred day simple moving average is $105.15. The Walt Disney Company has a one year low of $78.73 and a one year high of $123.74.

Walt Disney (NYSE:DIS) last announced its quarterly earnings data on Wednesday, August 7th. The entertainment giant reported $1.39 EPS for the quarter, beating 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 8.37% and a net margin of 1.90%. The business’s revenue was up 3.9% on a year-over-year basis. During the same period in the previous year, the business earned $1.03 earnings per share. Analysts expect that The Walt Disney Company will post 4.77 EPS for the current fiscal year.

Insider Activity

In related news, Director Calvin Mcdonald bought 11,756 shares of the company’s stock in a transaction that occurred on Thursday, August 8th. The stock was purchased at an average price of $85.06 per share, for a total transaction of $999,965.36. Following the completion of the transaction, the director now owns 22,313 shares in the company, valued at $1,897,943.78. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.10% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the stock. The Goldman Sachs Group assumed coverage on shares of Walt Disney in a research report on Tuesday, June 25th. They set a “buy” rating and a $125.00 price target on the stock. Barclays decreased their target price on Walt Disney from $130.00 to $105.00 and set an “overweight” rating for the company in a research report on Thursday, August 8th. Deutsche Bank Aktiengesellschaft lowered their target price on Walt Disney from $130.00 to $115.00 and set a “buy” rating for the company in a research note on Thursday, August 8th. 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 report on Thursday, August 8th. Finally, Loop Capital reduced their target price 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 equities research analysts have rated the stock with a hold rating and twenty-three have issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $118.21.

About Walt Disney

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.