Alliance Wealth Advisors LLC Sells 302 Shares of The Walt Disney Company (NYSE:DIS)

Alliance Wealth Advisors LLC lowered its holdings in shares of The Walt Disney Company (NYSE:DIS) by 1.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 23,706 shares of the entertainment giant’s stock after selling 302 shares during the quarter. Walt Disney makes up 1.3% of Alliance Wealth Advisors LLC’s portfolio, making the stock its 14th biggest holding. Alliance Wealth Advisors LLC’s holdings in Walt Disney were worth $2,280,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in DIS. ESL Trust Services LLC bought a new position in shares of Walt Disney during the 1st quarter valued at about $31,000. William B. Walkup & Associates Inc. purchased a new stake in shares of Walt Disney in the second quarter worth about $32,000. Red Tortoise LLC boosted its stake in Walt Disney by 141.4% during the first quarter. Red Tortoise LLC now owns 367 shares of the entertainment giant’s stock valued at $45,000 after buying an additional 215 shares during the last quarter. O Brien Wealth Partners LLC purchased a new position in Walt Disney during the 1st quarter valued at approximately $51,000. Finally, Mascoma Wealth Management LLC increased its stake in Walt Disney by 38.0% in the 2nd quarter. Mascoma Wealth Management LLC now owns 443 shares of the entertainment giant’s stock worth $44,000 after acquiring an additional 122 shares during the last quarter. Institutional investors own 65.71% of the company’s stock.

Walt Disney Trading Up 2.7 %

NYSE DIS opened at $96.75 on Thursday. The stock has a market cap of $176.38 billion, a PE ratio of 105.16, a PEG ratio of 1.49 and a beta of 1.40. The Walt Disney Company has a 12 month low of $79.23 and a 12 month high of $123.74. The company’s 50-day moving average price is $91.29 and its 200-day moving average price is $99.24. The company has a current ratio of 0.72, a quick ratio of 0.66 and a debt-to-equity ratio of 0.38.

Walt Disney (NYSE:DIS) last issued 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 business had revenue of $23.20 billion for 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%. The company’s quarterly revenue was up 3.9% compared to the same quarter last year. During the same period last year, the company posted $1.03 earnings per share. Equities research analysts forecast that The Walt Disney Company will post 4.92 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research firms have recently commented on DIS. Needham & Company LLC reiterated a “buy” rating and set a $110.00 target price on shares of Walt Disney in a research report on Thursday, September 26th. JPMorgan Chase & Co. lowered their price objective 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. Morgan Stanley reduced their target price 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. Barclays lowered their price target on shares of Walt Disney from $130.00 to $105.00 and set an “overweight” rating for the company in a report on Thursday, August 8th. Finally, The Goldman Sachs Group started coverage on Walt Disney in a research note on Tuesday, June 25th. They set a “buy” rating and a $125.00 price objective on the stock. Five equities research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $118.05.

Insiders Place Their Bets

In other news, Director Calvin Mcdonald purchased 11,756 shares of the business’s stock in a transaction dated Thursday, August 8th. The shares were purchased at an average price of $85.06 per share, for a total transaction 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. This represents a 100.00 % increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 0.10% of the company’s stock.

Walt Disney 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.