The Walt Disney Company (NYSE:DIS) Shares Sold by Quarry LP

Quarry LP reduced its holdings in The Walt Disney Company (NYSE:DIS) by 96.5% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,115 shares of the entertainment giant’s stock after selling 57,885 shares during the quarter. Quarry LP’s holdings in Walt Disney were worth $210,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in the business. Invst LLC increased its stake in Walt Disney by 2.0% in the second quarter. Invst LLC now owns 18,149 shares of the entertainment giant’s stock valued at $1,779,000 after purchasing an additional 348 shares during the last quarter. William B. Walkup & Associates Inc. acquired a new position in Walt Disney in the second quarter valued at $32,000. Coastal Bridge Advisors LLC grew its position in Walt Disney by 14.3% during the second quarter. Coastal Bridge Advisors LLC now owns 13,240 shares of the entertainment giant’s stock valued at $1,315,000 after acquiring an additional 1,653 shares during the period. NewEdge Advisors LLC grew its position in Walt Disney by 6.6% during the second quarter. NewEdge Advisors LLC now owns 107,283 shares of the entertainment giant’s stock valued at $10,652,000 after acquiring an additional 6,686 shares during the period. Finally, Silver Lake Advisory LLC purchased a new stake in Walt Disney during the second quarter valued at about $1,204,000. 65.71% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Walt Disney

In other news, Director Calvin Mcdonald acquired 11,756 shares of the business’s 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 completion of the purchase, the director now directly owns 22,313 shares of the company’s stock, valued at approximately $1,897,943.78. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.10% of the stock is currently owned by insiders.

Analyst Ratings Changes

DIS has been the subject of a number of research reports. The Goldman Sachs Group initiated coverage on Walt Disney in a research report on Tuesday, June 25th. They set a “buy” rating and a $125.00 price target for the company. JPMorgan Chase & Co. lowered their price target 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. Loop Capital lowered their price target on Walt Disney from $139.00 to $130.00 and set a “buy” rating for the company in a research report on Tuesday, July 30th. Needham & Company LLC reissued a “buy” rating and set a $110.00 price target on shares of Walt Disney in a research report on Thursday, September 26th. Finally, UBS Group lowered their price target on Walt Disney from $130.00 to $120.00 and set a “buy” rating for the company 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’s stock. Based on data from MarketBeat.com, Walt Disney presently has a consensus rating of “Moderate Buy” and a consensus target price of $118.43.

Walt Disney Trading Up 0.2 %

Shares of DIS opened at $96.18 on Tuesday. The company has a market capitalization of $175.34 billion, a P/E ratio of 104.54, a P/E/G ratio of 1.53 and a beta of 1.40. The Walt Disney Company has a one year low of $78.73 and a one year high of $123.74. 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 50-day moving average price of $90.44 and a 200 day moving average price of $101.11.

Walt Disney (NYSE:DIS) last issued its quarterly earnings results 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 firm 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 business posted $1.03 earnings per share. Walt Disney’s revenue for the quarter was up 3.9% on a year-over-year basis. Sell-side analysts forecast that The Walt Disney Company will post 4.92 EPS for the current fiscal 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.