Lake Street Advisors Group LLC Sells 2,382 Shares of The Walt Disney Company (NYSE:DIS)

Lake Street Advisors Group LLC trimmed its position in shares of The Walt Disney Company (NYSE:DIS) by 12.0% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 17,483 shares of the entertainment giant’s stock after selling 2,382 shares during the period. Lake Street Advisors Group LLC’s holdings in Walt Disney were worth $1,561,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of DIS. Dark Forest Capital Management LP purchased a new position in Walt Disney during the first quarter valued at $28,000. Worth Asset Management LLC purchased a new position in Walt Disney during the first quarter valued at $29,000. MBM Wealth Consultants LLC grew its stake in Walt Disney by 197.6% during the fourth quarter. MBM Wealth Consultants LLC now owns 366 shares of the entertainment giant’s stock valued at $33,000 after acquiring an additional 243 shares in the last quarter. Bell Investment Advisors Inc grew its stake in Walt Disney by 40.3% during the first quarter. Bell Investment Advisors Inc now owns 442 shares of the entertainment giant’s stock valued at $44,000 after acquiring an additional 127 shares in the last quarter. Finally, Fortis Capital Advisors LLC purchased a new position in Walt Disney during the fourth quarter valued at $39,000. 61.17% of the stock is currently owned by institutional investors.

Walt Disney Trading Down 0.4 %

DIS traded down $0.36 on Friday, reaching $94.15. 12,201,304 shares of the company traded hands, compared to its average volume of 13,275,981. The Walt Disney Company has a one year low of $78.73 and a one year high of $118.18. The firm has a fifty day simple moving average of $83.95 and a two-hundred day simple moving average of $87.31. The company has a market cap of $172.27 billion, a P/E ratio of 73.57, a price-to-earnings-growth ratio of 1.65 and a beta of 1.30. The company has a quick ratio of 0.99, a current ratio of 1.05 and a debt-to-equity ratio of 0.40.

Walt Disney (NYSE:DIS) last announced its quarterly earnings data on Wednesday, November 8th. The entertainment giant reported $0.82 earnings per share for the quarter, beating analysts’ consensus estimates of $0.67 by $0.15. Walt Disney had a net margin of 2.65% and a return on equity of 7.31%. The company had revenue of $21.24 billion during the quarter, compared to analyst estimates of $21.37 billion. During the same quarter last year, the business posted $0.30 EPS. The firm’s revenue for the quarter was up 5.4% on a year-over-year basis. As a group, equities research analysts expect that The Walt Disney Company will post 4.53 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have commented on DIS. StockNews.com raised shares of Walt Disney from a “sell” rating to a “hold” rating in a research note on Friday, November 10th. JPMorgan Chase & Co. dropped their price objective on shares of Walt Disney from $125.00 to $120.00 and set an “overweight” rating for the company in a research note on Tuesday, October 10th. Needham & Company LLC reissued a “hold” rating on shares of Walt Disney in a research note on Wednesday, September 20th. Guggenheim dropped their price objective on shares of Walt Disney from $125.00 to $115.00 in a research note on Tuesday, October 10th. Finally, Citigroup dropped their price objective on shares of Walt Disney from $125.00 to $120.00 and set a “buy” rating for the company in a research note on Wednesday, August 16th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and twenty have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $113.30.

About Walt Disney

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.