The Walt Disney Company (NYSE:DIS) Shares Sold by Foster Victor Wealth Advisors LLC

Foster Victor Wealth Advisors LLC cut its holdings in shares of The Walt Disney Company (NYSE:DIS) by 50.4% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,383 shares of the entertainment giant’s stock after selling 2,421 shares during the period. Foster Victor Wealth Advisors LLC’s holdings in Walt Disney were worth $235,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Gold Investment Management Ltd. bought a new stake in shares of Walt Disney during the fourth quarter valued at about $28,000. ESL Trust Services LLC bought a new stake in shares of Walt Disney during the 1st quarter worth about $31,000. Partnership Wealth Management LLC acquired a new stake in shares of Walt Disney in the 4th quarter worth approximately $33,000. Evolution Advisers Inc. boosted its holdings in shares of Walt Disney by 38.2% in the fourth quarter. Evolution Advisers Inc. now owns 380 shares of the entertainment giant’s stock valued at $34,000 after acquiring an additional 105 shares in the last quarter. Finally, Frank Rimerman Advisors LLC acquired a new position in shares of Walt Disney during the fourth quarter valued at approximately $37,000. 65.71% of the stock is owned by institutional investors.

Walt Disney Price Performance

NYSE DIS opened at $89.30 on Friday. The company has a 50 day simple moving average of $95.41 and a 200-day simple moving average of $104.83. The Walt Disney Company has a 52-week low of $78.73 and a 52-week high of $123.74. The firm has a market capitalization of $162.80 billion, a price-to-earnings ratio of 97.07, a price-to-earnings-growth ratio of 1.15 and a beta of 1.40. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.75 and a quick ratio of 0.69.

Walt Disney (NYSE:DIS) last released 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 net margin of 1.90% and a return on equity of 8.37%. The company 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 firm earned $1.03 EPS. The company’s revenue was up 3.9% compared to the same quarter last year. Equities research analysts predict that The Walt Disney Company will post 4.77 earnings per share for the current fiscal year.

Insider Activity at Walt Disney

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

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on DIS shares. Raymond James decreased their price target on Walt Disney from $123.00 to $101.00 and set an “outperform” rating for the company in a research note on Thursday, August 8th. JPMorgan Chase & Co. decreased their target price on Walt Disney from $135.00 to $125.00 and set an “overweight” rating for the company in a research note on Thursday, August 8th. Needham & Company LLC dropped their price target on shares of Walt Disney from $145.00 to $110.00 and set a “buy” rating on the stock in a research report on Thursday, August 8th. Barclays reduced their price objective on shares of Walt Disney from $130.00 to $105.00 and set an “overweight” rating for the company in a research report on Thursday, August 8th. Finally, Wells Fargo & Company dropped their target price on shares of Walt Disney from $136.00 to $116.00 and set an “overweight” rating on the stock in a report on Thursday, August 8th. Three equities research analysts have rated the stock with a hold rating and twenty-two have given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $118.13.

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.