SYSTM Wealth Solutions LLC Trims Stock Position in The Walt Disney Company (NYSE:DIS)

SYSTM Wealth Solutions LLC cut its position in The Walt Disney Company (NYSE:DIS) by 3.7% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,469 shares of the entertainment giant’s stock after selling 132 shares during the quarter. SYSTM Wealth Solutions LLC’s holdings in Walt Disney were worth $344,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently bought and sold shares of the company. Meridian Wealth Partners LLC grew its holdings in shares of Walt Disney by 9.5% during the second quarter. Meridian Wealth Partners LLC now owns 3,280 shares of the entertainment giant’s stock worth $326,000 after purchasing an additional 285 shares in the last quarter. E Fund Management Co. Ltd. raised its stake in Walt Disney by 12.5% in the second quarter. E Fund Management Co. Ltd. now owns 11,395 shares of the entertainment giant’s stock valued at $1,131,000 after purchasing an additional 1,267 shares in the last quarter. Cranbrook Wealth Management LLC lifted its position in Walt Disney by 109.2% during the second quarter. Cranbrook Wealth Management LLC now owns 1,408 shares of the entertainment giant’s stock valued at $140,000 after purchasing an additional 735 shares during the last quarter. Connors Investor Services Inc. grew its stake in Walt Disney by 6.2% in the 2nd quarter. Connors Investor Services Inc. now owns 90,862 shares of the entertainment giant’s stock worth $9,022,000 after buying an additional 5,265 shares in the last quarter. Finally, Perennial Investment Advisors LLC increased its holdings in shares of Walt Disney by 2.9% in the 2nd quarter. Perennial Investment Advisors LLC now owns 16,810 shares of the entertainment giant’s stock worth $1,669,000 after buying an additional 468 shares during the last quarter. 65.71% of the stock is owned by institutional investors.

Walt Disney Price Performance

DIS opened at $93.59 on Thursday. 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 stock has a market capitalization of $170.62 billion, a PE ratio of 101.73, a price-to-earnings-growth ratio of 1.31 and a beta of 1.40. The stock’s 50 day moving average price is $90.80 and its 200-day moving average price is $102.16. The Walt Disney Company has a 52-week low of $78.73 and a 52-week high of $123.74.

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

Analyst Ratings Changes

Several brokerages recently issued reports on DIS. Deutsche Bank Aktiengesellschaft cut their target price on shares of Walt Disney from $130.00 to $115.00 and set a “buy” rating for the company in a research report on Thursday, August 8th. Morgan Stanley cut their price objective on Walt Disney from $130.00 to $110.00 and set an “overweight” rating for the company in a report on Monday, August 5th. Wells Fargo & Company decreased their price objective on Walt Disney from $136.00 to $116.00 and set an “overweight” rating on the stock in a report on Thursday, August 8th. UBS Group cut their target price on Walt Disney from $130.00 to $120.00 and set a “buy” rating for the company in a research note on Thursday, August 8th. Finally, JPMorgan Chase & Co. decreased their price target on shares of Walt Disney from $135.00 to $125.00 and set an “overweight” rating on the stock in a research note 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 company. According to MarketBeat, Walt Disney currently has an average rating of “Moderate Buy” and an average target price of $117.95.

Insider Buying and Selling at Walt Disney

In other news, Director Calvin Mcdonald bought 11,756 shares of Walt Disney stock in a transaction on Thursday, August 8th. The shares were purchased at an average price of $85.06 per share, for a total transaction of $999,965.36. Following the acquisition, the director now owns 22,313 shares of the company’s stock, valued at $1,897,943.78. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 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.