Worth Financial Advisory Group LLC Sells 662 Shares of The Walt Disney Company (NYSE:DIS)

Worth Financial Advisory Group LLC trimmed its position in The Walt Disney Company (NYSE:DIS) by 16.6% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 3,327 shares of the entertainment giant’s stock after selling 662 shares during the quarter. Worth Financial Advisory Group LLC’s holdings in Walt Disney were worth $330,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the company. Vaughan Nelson Investment Management L.P. lifted its position in shares of Walt Disney by 84.6% in the first quarter. Vaughan Nelson Investment Management L.P. now owns 2,000,267 shares of the entertainment giant’s stock valued at $244,754,000 after buying an additional 916,772 shares during the last quarter. Valmark Advisers Inc. boosted its position in Walt Disney by 4.9% during the fourth quarter. Valmark Advisers Inc. now owns 7,744 shares of the entertainment giant’s stock worth $699,000 after purchasing an additional 359 shares during the period. Jennison Associates LLC acquired a new position in shares of Walt Disney in the first quarter valued at $1,490,492,000. Mirae Asset Global Investments Co. Ltd. raised its position in shares of Walt Disney by 4.2% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 556,658 shares of the entertainment giant’s stock valued at $68,113,000 after purchasing an additional 22,568 shares during the period. Finally, Rheos Capital Works Inc. raised its position in shares of Walt Disney by 41.3% in the first quarter. Rheos Capital Works Inc. now owns 175,900 shares of the entertainment giant’s stock valued at $21,523,000 after purchasing an additional 51,400 shares during the period. 65.71% of the stock is currently owned by institutional investors and hedge funds.

Walt Disney Price Performance

NYSE:DIS traded down $0.88 during trading hours on Tuesday, hitting $90.90. The company’s stock had a trading volume of 7,233,454 shares, compared to its average volume of 11,526,900. The Walt Disney Company has a twelve month low of $78.73 and a twelve month high of $123.74. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.75 and a quick ratio of 0.69. The stock has a fifty day simple moving average of $94.16 and a 200-day simple moving average of $104.50. The company has a market capitalization of $165.71 billion, a P/E ratio of 98.80, a PEG ratio of 1.15 and a beta of 1.40.

Walt Disney (NYSE:DIS) last posted its earnings results on Wednesday, August 7th. The entertainment giant reported $1.39 EPS for the quarter, topping analysts’ consensus estimates of $1.20 by $0.19. The firm had revenue of $23.20 billion during the quarter, compared to analysts’ expectations of $23.08 billion. Walt Disney had a net margin of 1.90% and a return on equity of 8.37%. The business’s revenue for the quarter was up 3.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.03 earnings per share. On average, analysts anticipate that The Walt Disney Company will post 4.77 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, Director Calvin Mcdonald purchased 11,756 shares of the company’s stock in a transaction dated Thursday, August 8th. The stock was bought at an average cost of $85.06 per share, for a total transaction of $999,965.36. Following the purchase, the director now owns 22,313 shares of the company’s stock, valued at $1,897,943.78. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders own 0.10% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on DIS shares. Redburn Atlantic upgraded shares of Walt Disney from a “sell” rating to a “neutral” rating and set a $100.00 price target on the stock in a research note on Tuesday, May 21st. Barclays lowered their target price 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. Loop Capital reduced their price target on Walt Disney from $139.00 to $130.00 and set a “buy” rating for the company in a research note on Tuesday, July 30th. Macquarie lowered their price objective on Walt Disney from $107.00 to $94.00 and set a “neutral” rating on the stock in a research report on Monday, August 12th. Finally, Wells Fargo & Company reduced their target price 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. Three research analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $117.95.

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.