The Walt Disney Company (NYSE:DIS) Shares Sold by Jacobs & Co. CA

Jacobs & Co. CA lessened its position in shares of The Walt Disney Company (NYSE:DIS) by 2.1% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 101,012 shares of the entertainment giant’s stock after selling 2,197 shares during the quarter. Jacobs & Co. CA’s holdings in Walt Disney were worth $9,018,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of DIS. Wealth Advisory Solutions LLC lifted its stake in Walt Disney by 1.6% during the fourth quarter. Wealth Advisory Solutions LLC now owns 5,981 shares of the entertainment giant’s stock worth $520,000 after purchasing an additional 94 shares during the period. Compton Capital Management Inc. RI raised its stake in shares of Walt Disney by 0.5% during the first quarter. Compton Capital Management Inc. RI now owns 20,689 shares of the entertainment giant’s stock worth $2,838,000 after buying an additional 100 shares during the last quarter. Carolinas Wealth Consulting LLC lifted its stake in Walt Disney by 2.9% in the first quarter. Carolinas Wealth Consulting LLC now owns 3,575 shares of the entertainment giant’s stock valued at $490,000 after buying an additional 100 shares during the period. Alterna Wealth Management Inc. raised its holdings in Walt Disney by 4.4% in the fourth quarter. Alterna Wealth Management Inc. now owns 2,387 shares of the entertainment giant’s stock worth $207,000 after purchasing an additional 100 shares during the period. Finally, Trifecta Capital Advisors LLC increased its holdings in shares of Walt Disney by 3.0% in the first quarter. Trifecta Capital Advisors LLC now owns 3,479 shares of the entertainment giant’s stock worth $348,000 after acquiring an additional 100 shares in the last quarter. 61.17% of the stock is owned by institutional investors and hedge funds.

Walt Disney Price Performance

Walt Disney stock opened at $85.03 on Tuesday. The company has a market capitalization of $155.58 billion, a PE ratio of 69.13, a P/E/G ratio of 1.72 and a beta of 1.28. The company has a current ratio of 1.07, a quick ratio of 1.00 and a debt-to-equity ratio of 0.44. The stock has a 50-day moving average price of $85.78 and a two-hundred day moving average price of $91.59. The Walt Disney Company has a 12 month low of $79.75 and a 12 month high of $118.18.

Walt Disney (NYSE:DIS) last posted its earnings results on Wednesday, August 9th. The entertainment giant reported $1.03 earnings per share for the quarter, topping analysts’ consensus estimates of $0.99 by $0.04. The firm 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 revenue for the quarter was up 3.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.09 EPS. Analysts expect that The Walt Disney Company will post 3.68 EPS for the current year.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the company. Morgan Stanley decreased their price objective on Walt Disney from $110.00 to $105.00 and set an “overweight” rating for the company in a report on Wednesday, July 26th. StockNews.com started coverage on shares of Walt Disney in a report on Thursday, August 17th. They issued a “sell” rating on the stock. KeyCorp reduced their price objective on Walt Disney from $120.00 to $107.00 and set an “overweight” rating for the company in a report on Thursday, May 25th. Wells Fargo & Company dropped their price target on Walt Disney from $146.00 to $110.00 and set an “overweight” rating for the company in a report on Tuesday, September 5th. Finally, Citigroup dropped their target price on Walt Disney from $125.00 to $120.00 and set a “buy” rating for the company in a report on Wednesday, August 16th. Two analysts have rated the stock with a sell rating, three have given a hold rating and eighteen have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $114.58.

Insider Buying and Selling

In other Walt Disney news, EVP Sonia L. Coleman sold 959 shares of the company’s stock in a transaction dated Tuesday, August 1st. The stock was sold at an average price of $89.05, for a total value of $85,398.95. Following the sale, the executive vice president now owns 961 shares in the company, valued at approximately $85,577.05. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.10% of the stock is 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.