Palouse Capital Management Inc. Sells 187 Shares of The Walt Disney Company (NYSE:DIS)

Palouse Capital Management Inc. lowered its holdings in The Walt Disney Company (NYSE:DIS) by 1.7% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 10,807 shares of the entertainment giant’s stock after selling 187 shares during the period. Palouse Capital Management Inc.’s holdings in Walt Disney were worth $1,073,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. Mittelman Wealth Management boosted its holdings in shares of Walt Disney by 3.2% in the 2nd quarter. Mittelman Wealth Management now owns 7,687 shares of the entertainment giant’s stock worth $763,000 after buying an additional 235 shares during the last quarter. Middleton & Co. Inc. MA raised its position in Walt Disney by 0.9% in the second quarter. Middleton & Co. Inc. MA now owns 38,898 shares of the entertainment giant’s stock worth $3,862,000 after acquiring an additional 334 shares during the period. Marathon Trading Investment Management LLC raised its position in Walt Disney by 333.0% in the second quarter. Marathon Trading Investment Management LLC now owns 7,802 shares of the entertainment giant’s stock worth $775,000 after acquiring an additional 6,000 shares during the period. Seven Eight Capital LP purchased a new position in Walt Disney in the second quarter valued at about $3,232,000. Finally, Beck Bode LLC grew its position in shares of Walt Disney by 4,132.4% during the 2nd quarter. Beck Bode LLC now owns 73,982 shares of the entertainment giant’s stock valued at $7,346,000 after acquiring an additional 72,234 shares during the period. Institutional investors own 65.71% of the company’s stock.

Analyst Ratings Changes

DIS has been the topic of a number of research reports. Moffett Nathanson lowered their price target on shares of Walt Disney from $130.00 to $125.00 and set a “buy” rating on the stock in a report on Tuesday, July 2nd. Deutsche Bank Aktiengesellschaft cut their price target on Walt Disney from $130.00 to $115.00 and set a “buy” rating for the company in a research note on Thursday, August 8th. Barclays decreased their price objective on Walt Disney from $130.00 to $105.00 and set an “overweight” rating for the company in a report on Thursday, August 8th. Wells Fargo & Company dropped their price objective on shares of Walt Disney from $136.00 to $116.00 and set an “overweight” rating on the stock in a report on Thursday, August 8th. Finally, Evercore ISI reduced their target price on shares of Walt Disney from $128.00 to $105.00 and set an “outperform” rating for the company in a research note on Thursday, August 8th. Three equities research analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the company’s stock. According to MarketBeat.com, Walt Disney presently has an average rating of “Moderate Buy” and a consensus target price of $117.95.

Walt Disney Stock Performance

NYSE:DIS opened at $93.59 on Thursday. The stock has a market cap of $170.62 billion, a P/E ratio of 101.73, a PEG ratio of 1.31 and a beta of 1.40. The company has a quick ratio of 0.66, a current ratio of 0.72 and a debt-to-equity ratio of 0.38. The business’s 50-day moving average price is $90.80 and its two-hundred day moving average price is $102.16. The Walt Disney Company has a twelve month low of $78.73 and a twelve month high of $123.74.

Walt Disney (NYSE:DIS) last announced its earnings results on Wednesday, August 7th. The entertainment giant reported $1.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.20 by $0.19. Walt Disney had a net margin of 5.30% and a return on equity of 8.64%. The business had revenue of $23.20 billion during the quarter, compared to analyst estimates of $23.08 billion. During the same period in the previous year, the business posted $1.03 earnings per share. Walt Disney’s revenue for the quarter was up 3.9% on a year-over-year basis. As a group, equities analysts predict that The Walt Disney Company will post 4.92 EPS for the current fiscal year.

Insider Transactions at Walt Disney

In other news, Director Calvin Mcdonald bought 11,756 shares of Walt Disney stock in a transaction that occurred on Thursday, August 8th. The shares were acquired at an average price of $85.06 per share, with a total value of $999,965.36. Following the completion of the purchase, the director now directly owns 22,313 shares in the company, valued at $1,897,943.78. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 0.10% of the stock is currently owned by insiders.

About Walt Disney

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.