Bard Financial Services Inc. Sells 2,285 Shares of The Walt Disney Company (NYSE:DIS)

Bard Financial Services Inc. trimmed its holdings in shares of The Walt Disney Company (NYSE:DIS) by 5.2% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 41,495 shares of the entertainment giant’s stock after selling 2,285 shares during the quarter. Bard Financial Services Inc.’s holdings in Walt Disney were worth $3,705,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also bought and sold shares of DIS. Beech Hill Advisors Inc. increased its holdings in shares of Walt Disney by 0.7% during the second quarter. Beech Hill Advisors Inc. now owns 46,135 shares of the entertainment giant’s stock worth $4,119,000 after purchasing an additional 305 shares during the period. Profit Investment Management LLC raised its holdings in Walt Disney by 19.8% in the 2nd quarter. Profit Investment Management LLC now owns 8,793 shares of the entertainment giant’s stock valued at $785,000 after acquiring an additional 1,455 shares in the last quarter. Sanders Morris Harris LLC lifted its position in shares of Walt Disney by 396.3% during the 2nd quarter. Sanders Morris Harris LLC now owns 18,238 shares of the entertainment giant’s stock valued at $1,646,000 after acquiring an additional 14,563 shares during the period. Evanson Asset Management LLC increased its position in shares of Walt Disney by 15.6% in the second quarter. Evanson Asset Management LLC now owns 4,647 shares of the entertainment giant’s stock worth $415,000 after purchasing an additional 627 shares during the period. Finally, Czech National Bank lifted its position in Walt Disney by 0.5% during the second quarter. Czech National Bank now owns 216,338 shares of the entertainment giant’s stock worth $19,315,000 after purchasing an additional 1,130 shares during the period. Institutional investors and hedge funds own 61.17% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on DIS shares. Atlantic Securities downgraded shares of Walt Disney from a “neutral” rating to an “underweight” rating and reduced their price objective for the stock from $113.00 to $76.00 in a research note on Tuesday, July 25th. Credit Suisse Group lowered their target price on Walt Disney from $126.00 to $122.00 and set an “outperform” rating for the company in a research note on Monday, August 21st. Morgan Stanley lowered their target price on Walt Disney from $110.00 to $105.00 and set an “overweight” rating for the company in a research note on Wednesday, July 26th. Wells Fargo & Company lowered their target price on Walt Disney from $146.00 to $110.00 and set an “overweight” rating for the company in a research note on Tuesday, September 5th. Finally, Barclays decreased their target price on shares of Walt Disney from $107.00 to $88.00 in a research note on Wednesday, June 21st. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and eighteen have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $114.58.

Insider Activity

In related news, EVP Sonia L. Coleman sold 959 shares of the company’s stock in a transaction that occurred on Tuesday, August 1st. The shares were sold at an average price of $89.05, for a total value of $85,398.95. Following the transaction, the executive vice president now directly owns 961 shares in the company, valued at $85,577.05. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.10% of the stock is owned by company insiders.

Walt Disney Stock Up 1.3 %

Shares of NYSE:DIS opened at $85.58 on Monday. The Walt Disney Company has a 1 year low of $79.75 and a 1 year high of $118.18. The business has a fifty day moving average price of $85.78 and a two-hundred day moving average price of $91.59. The company has a market capitalization of $156.59 billion, a PE ratio of 69.58, a price-to-earnings-growth ratio of 1.68 and a beta of 1.28. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.07 and a quick ratio of 1.00.

Walt Disney (NYSE:DIS) last posted its quarterly earnings results on Wednesday, August 9th. The entertainment giant reported $1.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.99 by $0.04. The company had revenue of $22.33 billion for the quarter, compared to analyst estimates of $22.50 billion. Walt Disney had a net margin of 2.56% and a return on equity of 6.45%. The company’s quarterly revenue was up 3.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.09 earnings per share. Analysts forecast that The Walt Disney Company will post 3.68 earnings per share for the current year.

Walt Disney Company Profile

The Walt Disney Company, together with its subsidiaries, operates as an entertainment company worldwide. It operates through two segments, Disney Media and Entertainment Distribution; and Disney Parks, Experiences and Products. The company engages in the film and episodic television content production and distribution activities, as well as operates television networks under the ABC, Disney, ESPN, Freeform, FX, Fox, National Geographic, and Star brands; and studios that produces films under the Walt Disney Pictures, Twentieth Century Studios, Marvel, Lucasfilm, Pixar, and Searchlight Pictures banners.