Cetera Investment Advisers Decreases Stake in The Walt Disney Company (NYSE:DIS)

Cetera Investment Advisers cut its position in The Walt Disney Company (NYSE:DIS) by 8.2% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 490,309 shares of the entertainment giant’s stock after selling 43,552 shares during the period. Cetera Investment Advisers’ holdings in Walt Disney were worth $48,683,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. ESL Trust Services LLC acquired a new stake in Walt Disney in the first quarter valued at $31,000. William B. Walkup & Associates Inc. acquired a new stake in shares of Walt Disney during the 2nd quarter worth about $32,000. Frank Rimerman Advisors LLC acquired a new stake in shares of Walt Disney during the 4th quarter worth about $37,000. Mascoma Wealth Management LLC lifted its stake in Walt Disney by 38.0% during the second 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 boosted its holdings in Walt Disney by 30.7% in the fourth 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. 65.71% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, Director Calvin Mcdonald acquired 11,756 shares of the company’s stock in a transaction that occurred on Thursday, August 8th. The stock was purchased at an average cost of $85.06 per share, with a total value of $999,965.36. Following the purchase, the director now directly owns 22,313 shares of the company’s stock, valued at approximately $1,897,943.78. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.10% of the company’s stock.

Walt Disney Trading Down 2.2 %

NYSE DIS opened at $94.05 on Wednesday. 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 $171.46 billion, a P/E ratio of 102.23, a P/E/G ratio of 1.53 and a beta of 1.40. The Walt Disney Company has a 52-week low of $78.73 and a 52-week high of $123.74. The firm has a 50-day moving average price of $90.50 and a 200 day moving average price of $100.98.

Walt Disney (NYSE:DIS) last issued its earnings results on Wednesday, August 7th. The entertainment giant reported $1.39 earnings per share (EPS) for the quarter, topping 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 business had revenue of $23.20 billion during the quarter, compared to the consensus estimate of $23.08 billion. During the same period in the prior year, the business posted $1.03 EPS. The company’s revenue for the quarter 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.

Wall Street Analyst Weigh In

DIS has been the subject of several recent analyst reports. Wells Fargo & Company reduced their price objective on shares of Walt Disney from $136.00 to $116.00 and set an “overweight” rating for the company in a research report on Thursday, August 8th. Moffett Nathanson decreased their price objective on shares of Walt Disney from $130.00 to $125.00 and set a “buy” rating for the company in a research note on Tuesday, July 2nd. Bank of America cut their target price on Walt Disney from $145.00 to $120.00 and set a “buy” rating on the stock in a research report on Thursday, August 8th. Evercore ISI decreased their target price on Walt Disney from $128.00 to $105.00 and set an “outperform” rating for the company in a research report on Thursday, August 8th. Finally, Barclays cut their price target on Walt Disney from $130.00 to $105.00 and set an “overweight” rating on the stock in a research report on Thursday, August 8th. Four research analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Walt Disney currently has a consensus rating of “Moderate Buy” and a consensus price target of $118.43.

Walt Disney Company 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.