Estabrook Capital Management Decreases Position in The Walt Disney Company (NYSE:DIS)

Estabrook Capital Management reduced its stake in shares of The Walt Disney Company (NYSE:DIS) by 2.8% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 13,655 shares of the entertainment giant’s stock after selling 388 shares during the quarter. Estabrook Capital Management’s holdings in Walt Disney were worth $1,356,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently made changes to their positions in the company. Gold Investment Management Ltd. purchased a new position in Walt Disney in the 4th quarter valued at about $28,000. ESL Trust Services LLC purchased a new position in Walt Disney in the first quarter valued at about $31,000. Frank Rimerman Advisors LLC acquired a new stake in Walt Disney during the 4th quarter valued at approximately $37,000. Mascoma Wealth Management LLC increased its holdings in Walt Disney by 38.0% during the 2nd quarter. Mascoma Wealth Management LLC now owns 443 shares of the entertainment giant’s stock worth $44,000 after purchasing an additional 122 shares during the last quarter. Finally, Beaird Harris Wealth Management LLC raised its position in shares of Walt Disney by 30.7% in the 4th quarter. Beaird Harris Wealth Management LLC now owns 498 shares of the entertainment giant’s stock valued at $45,000 after purchasing an additional 117 shares in the last quarter. Hedge funds and other institutional investors own 65.71% of the company’s stock.

Insiders Place Their Bets

In other news, Director Calvin Mcdonald bought 11,756 shares of the firm’s stock in a transaction on Thursday, August 8th. The stock was bought at an average cost of $85.06 per share, for a total transaction of $999,965.36. Following the completion of the acquisition, the director now directly owns 22,313 shares in the company, valued at approximately $1,897,943.78. The purchase was disclosed in a document filed with the SEC, which is available at this link. Corporate insiders own 0.10% of the company’s stock.

Walt Disney Stock Up 0.3 %

NYSE DIS opened at $93.75 on Friday. The company has a market capitalization of $170.91 billion, a P/E ratio of 101.90, a PEG ratio of 1.31 and a beta of 1.40. The Walt Disney Company has a 12 month low of $78.73 and a 12 month high of $123.74. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.72 and a quick ratio of 0.66. The company’s 50 day simple moving average is $90.67 and its 200 day simple moving average is $101.88.

Walt Disney (NYSE:DIS) last announced its quarterly earnings data on Wednesday, August 7th. The entertainment giant reported $1.39 EPS for the quarter, beating analysts’ consensus estimates of $1.20 by $0.19. Walt Disney had a return on equity of 8.64% and a net margin of 5.30%. The company had revenue of $23.20 billion during the quarter, compared to the consensus estimate of $23.08 billion. During the same quarter in the prior year, the firm earned $1.03 EPS. The company’s quarterly revenue was up 3.9% compared to the same quarter last year. Equities research analysts expect that The Walt Disney Company will post 4.92 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have commented on DIS. Evercore ISI reduced their price objective on shares of Walt Disney from $128.00 to $105.00 and set an “outperform” rating on the stock in a research note on Thursday, August 8th. Deutsche Bank Aktiengesellschaft lowered their price objective on Walt Disney from $130.00 to $115.00 and set a “buy” rating for the company in a report on Thursday, August 8th. The Goldman Sachs Group assumed coverage on Walt Disney in a research note on Tuesday, June 25th. They set a “buy” rating and a $125.00 price objective on the stock. Bank of America decreased their target price on Walt Disney from $145.00 to $120.00 and set a “buy” rating for the company in a research report on Thursday, August 8th. Finally, Moffett Nathanson dropped their price target on Walt Disney from $130.00 to $125.00 and set a “buy” rating on the stock in a research report on Tuesday, July 2nd. Three analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company’s stock. According to MarketBeat, Walt Disney presently has a consensus rating of “Moderate Buy” and an average target price of $118.43.

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.