Richardson Financial Services Inc. Has $643,000 Stock Holdings in The Walt Disney Company (NYSE:DIS)

Richardson Financial Services Inc. reduced its position in shares of The Walt Disney Company (NYSE:DIS) by 11.4% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 6,481 shares of the entertainment giant’s stock after selling 838 shares during the quarter. Richardson Financial Services Inc.’s holdings in Walt Disney were worth $643,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Gryphon Financial Partners LLC bought a new position in shares of Walt Disney in the fourth quarter valued at $603,000. CreativeOne Wealth LLC boosted its stake in Walt Disney by 20.1% during the 4th quarter. CreativeOne Wealth LLC now owns 8,128 shares of the entertainment giant’s stock valued at $734,000 after purchasing an additional 1,358 shares during the last quarter. Assetmark Inc. increased its holdings in Walt Disney by 100.0% during the 4th quarter. Assetmark Inc. now owns 30,298 shares of the entertainment giant’s stock worth $2,736,000 after purchasing an additional 15,146 shares in the last quarter. Certified Advisory Corp purchased a new stake in shares of Walt Disney in the fourth quarter worth approximately $1,143,000. Finally, JPL Wealth Management LLC bought a new position in shares of Walt Disney in the fourth quarter valued at approximately $1,128,000. Institutional investors own 65.71% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the company. Morgan Stanley lowered their price target on Walt Disney from $130.00 to $110.00 and set an “overweight” rating for the company in a research report on Monday, August 5th. UBS Group lowered their target price on shares of Walt Disney from $130.00 to $120.00 and set a “buy” rating for the company in a report on Thursday, August 8th. Macquarie cut their price target on shares of Walt Disney from $107.00 to $94.00 and set a “neutral” rating on the stock in a report on Monday, August 12th. Raymond James decreased their price objective on shares of Walt Disney from $123.00 to $101.00 and set an “outperform” rating for the company in a research note on Thursday, August 8th. Finally, Evercore ISI dropped their target price on shares of Walt Disney from $128.00 to $105.00 and set an “outperform” rating on the stock in a research report on Thursday, August 8th. Three investment analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the stock. According to MarketBeat.com, Walt Disney presently has a consensus rating of “Moderate Buy” and an average target price of $117.95.

Insider Activity at Walt Disney

In related news, Director Calvin Mcdonald bought 11,756 shares of Walt Disney stock in a transaction on Thursday, August 8th. The stock was acquired at an average price of $85.06 per share, with a total value of $999,965.36. Following the acquisition, the director now directly owns 22,313 shares of the company’s stock, valued at $1,897,943.78. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.10% of the stock is currently owned by corporate insiders.

Walt Disney Price Performance

DIS opened at $93.59 on Thursday. The company has a market capitalization of $170.62 billion, a price-to-earnings 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 firm has a 50-day moving average price of $90.80 and a 200-day moving average price of $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 issued its earnings results on Wednesday, August 7th. The entertainment giant reported $1.39 earnings per share (EPS) for the quarter, beating 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 business had revenue of $23.20 billion for the quarter, compared to analysts’ expectations of $23.08 billion. During the same quarter in the previous year, the firm posted $1.03 EPS. The business’s revenue for the quarter was up 3.9% compared to the same quarter last year. Equities analysts expect that The Walt Disney Company will post 4.92 EPS for the current year.

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.