Northeast Financial Consultants Inc Decreases Stake in The Walt Disney Company (NYSE:DIS)

Northeast Financial Consultants Inc reduced its stake in shares of The Walt Disney Company (NYSE:DIS) by 1.8% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 95,712 shares of the entertainment giant’s stock after selling 1,800 shares during the period. Northeast Financial Consultants Inc’s holdings in Walt Disney were worth $9,503,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in DIS. Mcdonald Partners LLC raised its stake in Walt Disney by 0.5% in the first quarter. Mcdonald Partners LLC now owns 17,975 shares of the entertainment giant’s stock valued at $2,199,000 after buying an additional 88 shares in the last quarter. Sendero Wealth Management LLC raised its position in shares of Walt Disney by 2.0% during the 1st quarter. Sendero Wealth Management LLC now owns 4,649 shares of the entertainment giant’s stock worth $569,000 after acquiring an additional 89 shares in the last quarter. McKinley Carter Wealth Services Inc. lifted its stake in Walt Disney by 1.5% during the first quarter. McKinley Carter Wealth Services Inc. now owns 5,894 shares of the entertainment giant’s stock worth $721,000 after purchasing an additional 89 shares during the last quarter. Pflug Koory LLC boosted its holdings in Walt Disney by 1.0% in the first quarter. Pflug Koory LLC now owns 8,993 shares of the entertainment giant’s stock valued at $1,100,000 after purchasing an additional 91 shares in the last quarter. Finally, Regent Peak Wealth Advisors LLC increased its stake in Walt Disney by 3.5% in the first quarter. Regent Peak Wealth Advisors LLC now owns 2,801 shares of the entertainment giant’s stock valued at $343,000 after purchasing an additional 94 shares during the last quarter. 65.71% of the stock is owned by institutional investors and hedge funds.

Walt Disney Stock Performance

NYSE DIS opened at $96.01 on Friday. The stock has a market capitalization of $175.03 billion, a price-to-earnings ratio of 104.36, a PEG ratio of 1.53 and a beta of 1.40. The business’s 50 day moving average is $90.40 and its two-hundred day moving average is $101.30. The Walt Disney Company has a 12-month low of $78.73 and a 12-month high of $123.74. The company has a current ratio of 0.72, a quick ratio of 0.66 and a debt-to-equity ratio of 0.38.

Walt Disney (NYSE:DIS) last released 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 firm had revenue of $23.20 billion during the quarter, compared to analysts’ expectations of $23.08 billion. During the same quarter in the prior year, the business posted $1.03 earnings per share. Walt Disney’s revenue was up 3.9% compared to the same quarter last year. Research analysts expect that The Walt Disney Company will post 4.92 EPS for the current year.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the stock. Macquarie reduced their price objective on shares of Walt Disney from $94.00 to $91.00 and set a “neutral” rating for the company in a research report on Thursday, September 19th. Needham & Company LLC restated a “buy” rating and issued a $110.00 price objective on shares of Walt Disney in a research note on Thursday. Moffett Nathanson cut their target price 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. JPMorgan Chase & Co. decreased their target price 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. Finally, Evercore ISI cut their price target on 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 analysts have rated the stock with a hold rating and twenty have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $118.43.

Insider Activity

In related news, Director Calvin Mcdonald bought 11,756 shares of the stock in a transaction on Thursday, August 8th. The shares were bought at an average cost of $85.06 per share, for a total transaction of $999,965.36. Following the completion of the transaction, the director now owns 22,313 shares of the company’s stock, valued at approximately $1,897,943.78. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 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.