LJI Wealth Management LLC Lowers Holdings in The Walt Disney Company (NYSE:DIS)

LJI Wealth Management LLC lessened its stake in shares of The Walt Disney Company (NYSE:DIS) by 35.9% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 12,325 shares of the entertainment giant’s stock after selling 6,913 shares during the period. LJI Wealth Management LLC’s holdings in Walt Disney were worth $1,224,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. boosted its stake in shares of Walt Disney by 1.5% during the first quarter. Vanguard Group Inc. now owns 153,769,084 shares of the entertainment giant’s stock valued at $18,815,185,000 after purchasing an additional 2,325,582 shares during the period. Bank of New York Mellon Corp boosted its stake in shares of Walt Disney by 10.8% during the second quarter. Bank of New York Mellon Corp now owns 14,883,983 shares of the entertainment giant’s stock valued at $1,477,831,000 after purchasing an additional 1,449,730 shares in the last quarter. Jennison Associates LLC purchased a new position in Walt Disney during the first quarter valued at approximately $1,490,492,000. Price T Rowe Associates Inc. MD raised its stake in Walt Disney by 2.5% in the first quarter. Price T Rowe Associates Inc. MD now owns 12,040,297 shares of the entertainment giant’s stock worth $1,473,252,000 after buying an additional 293,482 shares in the last quarter. Finally, Fisher Asset Management LLC lifted its holdings in Walt Disney by 4.4% during the fourth quarter. Fisher Asset Management LLC now owns 7,201,556 shares of the entertainment giant’s stock worth $650,229,000 after buying an additional 306,676 shares during the period. Hedge funds and other institutional investors own 65.71% of the company’s stock.

Walt Disney Stock Up 0.8 %

DIS stock opened at $93.59 on Thursday. The firm’s 50 day moving average price is $90.80 and its 200-day moving average price is $102.16. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.66 and a current ratio of 0.72. The firm has a market cap of $170.62 billion, a PE ratio of 101.73, a PEG ratio of 1.31 and a beta of 1.40. The Walt Disney Company has a one year low of $78.73 and a one year high of $123.74.

Walt Disney (NYSE:DIS) last posted its quarterly earnings data on Wednesday, August 7th. The entertainment giant reported $1.39 earnings per share for the quarter, topping analysts’ consensus estimates of $1.20 by $0.19. Walt Disney had a net margin of 5.30% and a return on equity of 8.64%. The firm had revenue of $23.20 billion during the quarter, compared to analysts’ expectations of $23.08 billion. During the same quarter last year, the company posted $1.03 EPS. The firm’s quarterly revenue was up 3.9% on a year-over-year basis. On average, equities research analysts anticipate that The Walt Disney Company will post 4.92 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. Evercore ISI reduced their price target on Walt Disney from $128.00 to $105.00 and set an “outperform” rating for the company in a research report on Thursday, August 8th. Bank of America decreased their price target on shares of Walt Disney from $145.00 to $120.00 and set a “buy” rating for the company in a research report on Thursday, August 8th. Needham & Company LLC cut their price objective on shares of Walt Disney from $145.00 to $110.00 and set a “buy” rating on the stock in a research report on Thursday, August 8th. Loop Capital lowered their target price on shares of Walt Disney from $139.00 to $130.00 and set a “buy” rating for the company in a research note on Tuesday, July 30th. Finally, Deutsche Bank Aktiengesellschaft reduced their price target on Walt Disney from $130.00 to $115.00 and set a “buy” rating on the stock in a research report on Thursday, August 8th. Three equities research analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the stock. Based on data from MarketBeat.com, Walt Disney has an average rating of “Moderate Buy” and a consensus price target of $117.95.

Insider Activity at Walt Disney

In other Walt Disney news, Director Calvin Mcdonald bought 11,756 shares of the business’s stock in a transaction that occurred on Thursday, August 8th. The shares were purchased at an average cost of $85.06 per share, with a total value of $999,965.36. Following the purchase, the director now directly owns 22,313 shares in the company, valued at $1,897,943.78. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.10% of the company’s stock.

Walt Disney Profile

The Walt Disney Company operates as an entertainment company worldwide. It operates through three segments: Entertainment, Sports, and Experiences. The company produces and distributes film and television video streaming content under the ABC Television Network, Disney, Freeform, FX, Fox, National Geographic, and Star brand television channels, as well as ABC television stations and A+E television networks; and produces original content under the ABC Signature, Disney Branded Television, FX Productions, Lucasfilm, Marvel, National Geographic Studios, Pixar, Searchlight Pictures, Twentieth Century Studios, 20th Television, and Walt Disney Pictures banners.