The Walt Disney Company (NYSE:DIS) Shares Sold by Flagship Harbor Advisors LLC

Flagship Harbor Advisors LLC lessened its holdings in The Walt Disney Company (NYSE:DIS) by 7.3% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 29,705 shares of the entertainment giant’s stock after selling 2,350 shares during the quarter. Flagship Harbor Advisors LLC’s holdings in Walt Disney were worth $2,652,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Morgan Stanley increased its stake in Walt Disney by 13.5% during the 4th quarter. Morgan Stanley now owns 46,172,567 shares of the entertainment giant’s stock valued at $4,011,473,000 after purchasing an additional 5,499,014 shares in the last quarter. Geode Capital Management LLC increased its position in shares of Walt Disney by 2.1% in the 1st quarter. Geode Capital Management LLC now owns 32,495,462 shares of the entertainment giant’s stock valued at $3,245,185,000 after acquiring an additional 671,806 shares during the period. Price T Rowe Associates Inc. MD raised its stake in Walt Disney by 12.5% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 27,147,543 shares of the entertainment giant’s stock worth $2,358,578,000 after acquiring an additional 3,023,997 shares during the last quarter. Moneta Group Investment Advisors LLC lifted its position in Walt Disney by 109,924.5% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 23,666,275 shares of the entertainment giant’s stock worth $2,056,126,000 after acquiring an additional 23,644,765 shares during the period. Finally, Norges Bank purchased a new stake in Walt Disney during the 4th quarter valued at about $1,433,075,000. Hedge funds and other institutional investors own 61.17% of the company’s stock.

Walt Disney Stock Up 1.3 %

DIS stock opened at $85.58 on Monday. The firm has a market cap of $156.59 billion, a PE ratio of 69.58, a PEG ratio of 1.68 and a beta of 1.28. The Walt Disney Company has a one year low of $79.75 and a one year high of $118.18. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.00 and a current ratio of 1.07. The firm’s 50 day moving average price is $85.78 and its 200-day moving average price is $91.59.

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

Analyst Ratings Changes

Several analysts recently commented on the stock. Atlantic Securities lowered shares of Walt Disney from a “neutral” rating to an “underweight” rating and dropped their price target for the company from $113.00 to $76.00 in a research report on Tuesday, July 25th. Rosenblatt Securities increased their price target on Walt Disney from $102.00 to $104.00 and gave the stock a “buy” rating in a research report on Tuesday, September 12th. Barclays cut their price target on shares of Walt Disney from $107.00 to $88.00 in a report on Wednesday, June 21st. Credit Suisse Group dropped their target price on shares of Walt Disney from $126.00 to $122.00 and set an “outperform” rating on the stock in a research report on Monday, August 21st. Finally, Citigroup decreased their price target on shares of Walt Disney from $125.00 to $120.00 and set a “buy” rating on the stock in a research note on Wednesday, August 16th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and eighteen have given a buy rating to the stock. According to MarketBeat, Walt Disney currently has a consensus rating of “Moderate Buy” and a consensus price target of $114.58.

Insider Buying and Selling at Walt Disney

In other 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 approximately $85,577.05. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.10% of the stock is currently owned by corporate insiders.

Walt Disney 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.