Burney Co. Cuts Stake in The Walt Disney Company (NYSE:DIS)

Burney Co. reduced its position in The Walt Disney Company (NYSE:DIS) by 6.3% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 9,094 shares of the entertainment giant’s stock after selling 610 shares during the quarter. Burney Co.’s holdings in Walt Disney were worth $903,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the company. ESL Trust Services LLC acquired a new stake in shares of Walt Disney during the first quarter worth $31,000. Gold Investment Management Ltd. acquired a new stake in shares of Walt Disney during the fourth quarter worth $28,000. Partnership Wealth Management LLC acquired a new stake in shares of Walt Disney during the fourth quarter worth $33,000. Red Tortoise LLC lifted its stake in shares of Walt Disney by 141.4% during the first quarter. Red Tortoise LLC now owns 367 shares of the entertainment giant’s stock worth $45,000 after buying an additional 215 shares during the period. Finally, PFG Private Wealth Management LLC lifted its stake in shares of Walt Disney by 32.1% during the first quarter. PFG Private Wealth Management LLC now owns 412 shares of the entertainment giant’s stock worth $50,000 after buying an additional 100 shares during the period. 65.71% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Walt Disney news, Director Calvin Mcdonald acquired 11,756 shares of the stock in a transaction on Thursday, August 8th. The shares were bought at an average cost of $85.06 per share, with a total value of $999,965.36. Following the transaction, the director now owns 22,313 shares of the company’s stock, valued at approximately $1,897,943.78. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.10% of the stock is currently owned by insiders.

Walt Disney Stock Down 0.0 %

Shares of NYSE DIS traded down $0.03 during mid-day trading on Friday, reaching $89.78. The company had a trading volume of 603,212 shares, compared to its average volume of 11,411,531. 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 firm has a 50 day simple moving average of $93.71 and a two-hundred day simple moving average of $104.27. The stock has a market cap of $163.67 billion, a P/E ratio of 97.61, a PEG ratio of 1.15 and a beta of 1.40. The Walt Disney Company has a 52-week low of $78.73 and a 52-week high of $123.74.

Walt Disney (NYSE:DIS) last posted its earnings results on Wednesday, August 7th. The entertainment giant reported $1.39 EPS for the quarter, beating analysts’ consensus estimates of $1.20 by $0.19. Walt Disney had a net margin of 1.90% and a return on equity of 8.37%. The firm had revenue of $23.20 billion for the quarter, compared to the consensus estimate of $23.08 billion. During the same period last year, the firm posted $1.03 EPS. The company’s revenue was up 3.9% on a year-over-year basis. Sell-side analysts predict that The Walt Disney Company will post 4.77 earnings per share for the current year.

Wall Street Analyst Weigh In

DIS has been the subject of a number of research reports. Barclays decreased their target price on shares of Walt Disney from $130.00 to $105.00 and set an “overweight” rating for the company in a research report on Thursday, August 8th. Raymond James cut their price objective on shares of Walt Disney from $123.00 to $101.00 and set an “outperform” rating for the company in a report on Thursday, August 8th. Redburn Atlantic raised shares of Walt Disney from a “sell” rating to a “neutral” rating and set a $100.00 target price for the company in a research note on Tuesday, May 21st. The Goldman Sachs Group assumed coverage on shares of Walt Disney in a research note on Tuesday, June 25th. They set a “buy” rating and a $125.00 target price for the company. Finally, Wells Fargo & Company cut their target price on shares of Walt Disney from $136.00 to $116.00 and set an “overweight” rating for the company in a research note on Thursday, August 8th. Three analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $117.95.

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.