Doliver Advisors LP Sells 114 Shares of The Walt Disney Company (NYSE:DIS)

Doliver Advisors LP lowered its position in The Walt Disney Company (NYSE:DIS) by 1.0% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 11,500 shares of the entertainment giant’s stock after selling 114 shares during the quarter. Doliver Advisors LP’s holdings in Walt Disney were worth $1,106,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Jacobs & Co. CA increased its position in shares of Walt Disney by 5.1% during the third quarter. Jacobs & Co. CA now owns 115,921 shares of the entertainment giant’s stock worth $11,150,000 after acquiring an additional 5,604 shares during the period. Healthcare of Ontario Pension Plan Trust Fund increased its holdings in Walt Disney by 291.9% during the 2nd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 200,240 shares of the entertainment giant’s stock worth $19,882,000 after purchasing an additional 149,140 shares during the period. Clifford Capital Partners LLC raised its position in Walt Disney by 21.3% during the 2nd quarter. Clifford Capital Partners LLC now owns 165,534 shares of the entertainment giant’s stock valued at $16,436,000 after purchasing an additional 29,044 shares in the last quarter. Cannon Financial Strategists Inc. bought a new position in shares of Walt Disney during the 2nd quarter worth $399,000. Finally, Heritage Wealth Management Inc. bought a new stake in shares of Walt Disney in the second quarter valued at about $269,000. 65.71% of the stock is owned by hedge funds and other institutional investors.

Walt Disney Stock Up 0.1 %

Walt Disney stock opened at $94.15 on Thursday. 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 Walt Disney Company has a fifty-two week low of $78.73 and a fifty-two week high of $123.74. The company has a market cap of $171.64 billion, a PE ratio of 102.34, a PEG ratio of 1.53 and a beta of 1.40. The business’s 50-day simple moving average is $90.59 and its two-hundred day simple moving average is $100.93.

Walt Disney (NYSE:DIS) last posted its quarterly 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. The company had revenue of $23.20 billion during the quarter, compared to analyst estimates of $23.08 billion. Walt Disney had a net margin of 5.30% and a return on equity of 8.64%. Walt Disney’s revenue for the quarter was up 3.9% compared to the same quarter last year. During the same period last year, the firm posted $1.03 EPS. Equities analysts anticipate that The Walt Disney Company will post 4.92 EPS for the current year.

Insider Activity at Walt Disney

In related news, Director Calvin Mcdonald purchased 11,756 shares of the business’s stock in a transaction on Thursday, August 8th. The shares were bought at an average cost of $85.06 per share, with a total value of $999,965.36. Following the transaction, 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 can be accessed through this link. 0.10% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

DIS has been the topic of a number of research reports. JPMorgan Chase & Co. cut their target price on shares of Walt Disney from $135.00 to $125.00 and set an “overweight” rating on the stock in a research report on Thursday, August 8th. Morgan Stanley cut their price objective on shares of Walt Disney from $130.00 to $110.00 and set an “overweight” rating on the stock in a report on Monday, August 5th. Bank of America lowered their target price on Walt Disney from $145.00 to $120.00 and set a “buy” rating for the company in a report on Thursday, August 8th. UBS Group reduced 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. Finally, Wells Fargo & Company dropped their price objective on Walt Disney from $136.00 to $116.00 and set an “overweight” rating on the stock in a research report on Thursday, August 8th. Four equities research analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Walt Disney currently has a consensus rating of “Moderate Buy” and a consensus target price 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.