The Walt Disney Company (NYSE:DIS) Shares Sold by Gabelli Funds LLC

Gabelli Funds LLC reduced its position in shares of The Walt Disney Company (NYSE:DIS) by 4.4% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 261,275 shares of the entertainment giant’s stock after selling 12,060 shares during the period. Gabelli Funds LLC’s holdings in Walt Disney were worth $25,942,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also modified their holdings of DIS. 1832 Asset Management L.P. lifted its stake in Walt Disney by 42.6% during the 2nd quarter. 1832 Asset Management L.P. now owns 1,249,105 shares of the entertainment giant’s stock worth $124,024,000 after acquiring an additional 373,102 shares in the last quarter. Frank Rimerman Advisors LLC increased its stake in Walt Disney by 4,101.7% during the second quarter. Frank Rimerman Advisors LLC now owns 17,395 shares of the entertainment giant’s stock worth $1,727,000 after purchasing an additional 16,981 shares during the period. ProShare Advisors LLC lifted its position in shares of Walt Disney by 9.0% during the second quarter. ProShare Advisors LLC now owns 354,880 shares of the entertainment giant’s stock worth $35,236,000 after purchasing an additional 29,433 shares in the last quarter. Profund Advisors LLC boosted its stake in shares of Walt Disney by 10.1% in the second quarter. Profund Advisors LLC now owns 22,513 shares of the entertainment giant’s stock valued at $2,235,000 after purchasing an additional 2,067 shares during the period. Finally, Merriman Wealth Management LLC grew its holdings in shares of Walt Disney by 4.2% in the second quarter. Merriman Wealth Management LLC now owns 3,181 shares of the entertainment giant’s stock valued at $316,000 after purchasing an additional 129 shares in the last quarter. 65.71% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, Director Calvin Mcdonald acquired 11,756 shares of Walt Disney stock in a transaction on Thursday, August 8th. The stock was bought at an average price of $85.06 per share, for a total transaction of $999,965.36. Following the completion of the purchase, the director now 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 this link. 0.10% of the stock is currently owned by company insiders.

Walt Disney Trading Up 0.3 %

NYSE DIS opened at $93.75 on Monday. The firm’s fifty day moving average price is $90.67 and its 200 day moving average price is $101.83. 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 has a market capitalization of $170.91 billion, a price-to-earnings ratio of 101.90, a price-to-earnings-growth ratio of 1.31 and a beta of 1.40.

Walt Disney (NYSE:DIS) last issued its quarterly earnings data on Wednesday, August 7th. The entertainment giant reported $1.39 earnings per share (EPS) for the quarter, topping the consensus estimate 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 for the quarter, compared to analyst estimates of $23.08 billion. During the same quarter last year, the company posted $1.03 earnings per share. The business’s quarterly revenue was up 3.9% compared to the same quarter last year. On average, sell-side analysts expect that The Walt Disney Company will post 4.92 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on DIS shares. Deutsche Bank Aktiengesellschaft reduced their target price on shares of Walt Disney from $130.00 to $115.00 and set a “buy” rating on the stock in a report on Thursday, August 8th. UBS Group decreased their target price on Walt Disney from $130.00 to $120.00 and set a “buy” rating for the company in a report on Thursday, August 8th. Barclays cut their price target on Walt Disney from $130.00 to $105.00 and set an “overweight” rating on the stock in a report on Thursday, August 8th. Needham & Company LLC decreased their price objective on Walt Disney from $145.00 to $110.00 and set a “buy” rating for the company in a research note on Thursday, August 8th. Finally, JPMorgan Chase & Co. lowered their price objective on Walt Disney from $135.00 to $125.00 and set an “overweight” rating for the company in a research report on Thursday, August 8th. Three investment analysts have rated the stock with a hold rating and twenty 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 $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.