The Walt Disney Company (NYSE:DIS) Shares Sold by Resources Management Corp CT ADV

Resources Management Corp CT ADV trimmed its stake in shares of The Walt Disney Company (NYSE:DIS) by 3.1% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 31,536 shares of the entertainment giant’s stock after selling 1,025 shares during the quarter. Resources Management Corp CT ADV’s holdings in Walt Disney were worth $3,131,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Morse Asset Management Inc lifted its position in Walt Disney by 4.9% during the 2nd quarter. Morse Asset Management Inc now owns 18,181 shares of the entertainment giant’s stock worth $1,805,000 after acquiring an additional 855 shares during the period. Lombard Odier Asset Management USA Corp acquired a new stake in shares of Walt Disney in the 2nd quarter valued at approximately $990,000. Evergreen Capital Management LLC lifted its holdings in shares of Walt Disney by 16.4% in the 2nd quarter. Evergreen Capital Management LLC now owns 111,759 shares of the entertainment giant’s stock valued at $11,097,000 after buying an additional 15,736 shares during the period. J. Stern & Co. LLP lifted its holdings in shares of Walt Disney by 4.9% in the 2nd quarter. J. Stern & Co. LLP now owns 309,956 shares of the entertainment giant’s stock valued at $30,776,000 after buying an additional 14,544 shares during the period. Finally, Turim 21 Investimentos Ltda. lifted its holdings in shares of Walt Disney by 4.1% in the 2nd quarter. Turim 21 Investimentos Ltda. now owns 17,069 shares of the entertainment giant’s stock valued at $1,695,000 after buying an additional 680 shares during the period. 65.71% of the stock is owned by institutional investors and hedge funds.

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 purchased at an average price of $85.06 per share, for a total transaction of $999,965.36. Following the completion of 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 Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.10% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the company. Bank of America reduced their price target on Walt Disney from $145.00 to $120.00 and set a “buy” rating for the company in a report on Thursday, August 8th. Morgan Stanley reduced their price target on Walt Disney from $130.00 to $110.00 and set an “overweight” rating for the company in a report on Monday, August 5th. The Goldman Sachs Group started coverage on Walt Disney in a research note on Tuesday, June 25th. They issued a “buy” rating and a $125.00 price objective for the company. Deutsche Bank Aktiengesellschaft dropped their price objective 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. Finally, Barclays dropped their price objective on Walt Disney from $130.00 to $105.00 and set an “overweight” rating for the company in a research note on Thursday, August 8th. Three investment analysts have rated the stock with a hold rating and twenty have given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $118.43.

Walt Disney Price Performance

DIS stock opened at $92.96 on Tuesday. The Walt Disney Company has a 52-week low of $78.73 and a 52-week high of $123.74. The stock’s fifty day simple moving average is $90.59 and its 200-day simple moving average is $101.70. 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 stock has a market capitalization of $169.47 billion, a price-to-earnings ratio of 101.04, a price-to-earnings-growth ratio of 1.31 and a beta of 1.40.

Walt Disney (NYSE:DIS) last posted 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 business had revenue of $23.20 billion for the quarter, compared to analysts’ expectations of $23.08 billion. During the same quarter last year, the firm earned $1.03 earnings per share. The business’s revenue was up 3.9% on a year-over-year basis. Equities research 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.