Park Avenue Securities LLC Sells 9,794 Shares of The Walt Disney Company (NYSE:DIS)

Park Avenue Securities LLC trimmed its holdings in shares of The Walt Disney Company (NYSE:DIS) by 12.9% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 66,143 shares of the entertainment giant’s stock after selling 9,794 shares during the period. Park Avenue Securities LLC’s holdings in Walt Disney were worth $6,361,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Exencial Wealth Advisors LLC increased its stake in shares of Walt Disney by 6.9% in the fourth quarter. Exencial Wealth Advisors LLC now owns 11,513 shares of the entertainment giant’s stock worth $1,040,000 after buying an additional 745 shares during the period. Envestnet Asset Management Inc. raised its stake in shares of Walt Disney by 2.7% during the fourth quarter. Envestnet Asset Management Inc. now owns 2,443,504 shares of the entertainment giant’s stock valued at $220,624,000 after acquiring an additional 63,535 shares during the last quarter. Epoch Investment Partners Inc. boosted its holdings in shares of Walt Disney by 1.6% during the fourth quarter. Epoch Investment Partners Inc. now owns 34,430 shares of the entertainment giant’s stock worth $3,109,000 after purchasing an additional 547 shares during the period. Clal Insurance Enterprises Holdings Ltd boosted its holdings in shares of Walt Disney by 76.7% during the fourth quarter. Clal Insurance Enterprises Holdings Ltd now owns 1,187,500 shares of the entertainment giant’s stock worth $107,569,000 after purchasing an additional 515,500 shares during the period. Finally, Waterloo Capital L.P. purchased a new position in Walt Disney during the 4th quarter valued at about $546,000. 65.71% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on DIS shares. Evercore ISI dropped their price objective on Walt Disney from $128.00 to $105.00 and set an “outperform” rating for the company in a report on Thursday, August 8th. Seaport Res Ptn upgraded shares of Walt Disney from a “hold” rating to a “strong-buy” rating in a report on Monday, September 30th. Barclays reduced their price objective on shares of Walt Disney from $130.00 to $105.00 and set an “overweight” rating on the stock in a research report on Thursday, August 8th. Bank of America dropped their target price on shares of Walt Disney from $145.00 to $120.00 and set a “buy” rating for the company in a research report on Thursday, August 8th. Finally, Morgan Stanley reduced their price target on shares of Walt Disney from $130.00 to $110.00 and set an “overweight” rating on the stock in a research report on Monday, August 5th. Four research analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $118.43.

Insider Transactions at Walt Disney

In related news, Director Calvin Mcdonald purchased 11,756 shares of the company’s stock in a transaction dated Thursday, August 8th. The shares were purchased at an average price of $85.06 per share, with a total value of $999,965.36. Following the acquisition, the director now directly owns 22,313 shares in the company, valued at $1,897,943.78. The trade was a 100.00 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.10% of the company’s stock.

Walt Disney Stock Up 1.6 %

NYSE:DIS traded up $1.52 on Friday, reaching $95.15. 6,317,333 shares of the stock traded hands, compared to its average volume of 11,108,246. The company has a current ratio of 0.72, a quick ratio of 0.66 and a debt-to-equity ratio of 0.38. The company has a market capitalization of $173.46 billion, a price-to-earnings ratio of 103.42, a PEG ratio of 1.53 and a beta of 1.40. The Walt Disney Company has a 12 month low of $78.88 and a 12 month high of $123.74. The company’s fifty day simple moving average is $90.78 and its 200 day simple moving average is $100.75.

Walt Disney (NYSE:DIS) last announced its quarterly earnings results on Wednesday, August 7th. The entertainment giant reported $1.39 earnings per share for the quarter, beating the consensus estimate of $1.20 by $0.19. The company had revenue of $23.20 billion during the quarter, compared to the consensus estimate of $23.08 billion. Walt Disney had a net margin of 5.30% and a return on equity of 8.64%. The firm’s quarterly revenue was up 3.9% compared to the same quarter last year. During the same quarter last year, the firm earned $1.03 earnings per share. Equities analysts predict that The Walt Disney Company will post 4.92 EPS for the current fiscal year.

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.