Prio Wealth Limited Partnership Reduces Holdings in The Walt Disney Company (NYSE:DIS)

Prio Wealth Limited Partnership reduced its position in shares of The Walt Disney Company (NYSE:DIS) by 18.6% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 202,378 shares of the entertainment giant’s stock after selling 46,350 shares during the period. Prio Wealth Limited Partnership’s holdings in Walt Disney were worth $20,094,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the company. ESL Trust Services LLC purchased a new position in Walt Disney in the 1st quarter valued at about $31,000. William B. Walkup & Associates Inc. purchased a new position in Walt Disney in the second quarter valued at about $32,000. Frank Rimerman Advisors LLC acquired a new stake in Walt Disney during the 4th quarter valued at approximately $37,000. Mascoma Wealth Management LLC increased its holdings in Walt Disney by 38.0% during the 2nd 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 raised its position in shares of Walt Disney by 30.7% in the 4th 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 hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on DIS. JPMorgan Chase & Co. decreased their price target on shares of Walt Disney from $135.00 to $125.00 and set an “overweight” rating for the company in a research report on Thursday, August 8th. Raymond James reissued a “market perform” rating on shares of Walt Disney in a report on Tuesday. Needham & Company LLC restated a “buy” rating and issued a $110.00 target price on shares of Walt Disney in a research note on Thursday, September 26th. Seaport Res Ptn upgraded Walt Disney from a “hold” rating to a “strong-buy” rating in a research note on Monday. Finally, Barclays cut their price objective on Walt Disney from $130.00 to $105.00 and set an “overweight” rating on the stock in a research note on Thursday, August 8th. Four research analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $118.43.

Walt Disney Trading Down 2.2 %

Shares of 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 company’s 50-day moving average price is $90.50 and its 200 day moving average price is $100.98. The company has a market cap of $171.46 billion, a PE ratio of 102.23, a P/E/G ratio of 1.53 and a beta of 1.40. The Walt Disney Company has a fifty-two week low of $78.73 and a fifty-two week high of $123.74.

Walt Disney (NYSE:DIS) last released its quarterly earnings results on Wednesday, August 7th. The entertainment giant reported $1.39 earnings per share 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 company had revenue of $23.20 billion for the quarter, compared to analysts’ expectations of $23.08 billion. During the same quarter in the previous year, the company posted $1.03 earnings per share. The business’s revenue for the quarter was up 3.9% compared to the same quarter last year. Sell-side analysts anticipate that The Walt Disney Company will post 4.92 earnings per share for the current year.

Insider Buying and Selling at Walt Disney

In other Walt Disney news, Director Calvin Mcdonald purchased 11,756 shares of the firm’s stock in a transaction dated Thursday, August 8th. The stock was bought at an average price of $85.06 per share, with a total value of $999,965.36. Following the completion of the purchase, the director now owns 22,313 shares in the company, valued at approximately $1,897,943.78. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 0.10% of the stock is owned by company insiders.

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.