Laraway Financial Advisors Inc Sells 162 Shares of The Walt Disney Company (NYSE:DIS)

Laraway Financial Advisors Inc trimmed its position in The Walt Disney Company (NYSE:DISFree Report) by 3.8% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,116 shares of the entertainment giant’s stock after selling 162 shares during the quarter. Laraway Financial Advisors Inc’s holdings in Walt Disney were worth $412,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Bradley Mark J. increased its position in Walt Disney by 2.4% in the first quarter. Bradley Mark J. now owns 25,726 shares of the entertainment giant’s stock worth $2,576,000 after purchasing an additional 605 shares during the last quarter. Atomi Financial Group Inc. bought a new stake in shares of Walt Disney in the 1st quarter worth about $778,000. Berkshire Asset Management LLC PA raised its position in shares of Walt Disney by 2.3% during the 1st quarter. Berkshire Asset Management LLC PA now owns 73,678 shares of the entertainment giant’s stock valued at $7,377,000 after buying an additional 1,628 shares in the last quarter. Invictus Private Wealth LLC bought a new position in shares of Walt Disney in the 1st quarter valued at about $297,000. Finally, EP Wealth Advisors LLC purchased a new position in Walt Disney in the first quarter worth about $6,885,000. 61.17% of the stock is currently owned by hedge funds and other institutional investors.

Walt Disney Stock Down 0.2 %

Walt Disney stock opened at $83.48 on Thursday. The Walt Disney Company has a twelve month low of $79.75 and a twelve month high of $118.18. The business has a fifty day moving average of $86.05 and a two-hundred day moving average of $91.91. The firm has a market cap of $152.75 billion, a P/E ratio of 67.87, a P/E/G ratio of 1.62 and a beta of 1.28. The company has a quick ratio of 1.00, a current ratio of 1.07 and a debt-to-equity ratio of 0.44.

Walt Disney (NYSE:DISGet Free Report) last issued its quarterly earnings data 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. Walt Disney had a return on equity of 6.45% and a net margin of 2.56%. The firm had revenue of $22.33 billion during the quarter, compared to analysts’ expectations of $22.50 billion. During the same period in the prior year, the business posted $1.09 EPS. The firm’s quarterly revenue was up 3.8% on a year-over-year basis. On average, analysts forecast that The Walt Disney Company will post 3.68 earnings per share for the current fiscal year.

Insider Buying and Selling at Walt Disney

In related news, EVP Sonia L. Coleman sold 959 shares of the business’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 transaction of $85,398.95. Following the completion of the transaction, the executive vice president now owns 961 shares in the company, valued at approximately $85,577.05. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 0.10% of the company’s stock.

Analyst Ratings Changes

DIS has been the topic of a number of recent research reports. Wells Fargo & Company decreased their price objective on Walt Disney from $146.00 to $110.00 and set an “overweight” rating on the stock in a research report on Tuesday, September 5th. Evercore ISI decreased their price target on Walt Disney from $130.00 to $110.00 and set an “outperform” rating on the stock in a report on Monday, July 24th. Macquarie lowered shares of Walt Disney from an “outperform” rating to a “neutral” rating and dropped their price objective for the stock from $125.00 to $103.00 in a research note on Friday, May 19th. StockNews.com began coverage on shares of Walt Disney in a research note on Thursday, August 17th. They issued a “sell” rating on the stock. Finally, Deutsche Bank Aktiengesellschaft dropped their price target on shares of Walt Disney from $131.00 to $120.00 in a research note on Tuesday, August 8th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and seventeen have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $115.35.

Read Our Latest Stock Analysis on Walt Disney

Walt Disney Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Walt Disney (NYSE:DIS)

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