Hendley & Co. Inc. Sells 2,766 Shares of The Walt Disney Company (NYSE:DIS)

Hendley & Co. Inc. reduced its position in The Walt Disney Company (NYSE:DIS) by 57.4% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 2,054 shares of the entertainment giant’s stock after selling 2,766 shares during the period. Hendley & Co. Inc.’s holdings in Walt Disney were worth $204,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of DIS. Gold Investment Management Ltd. bought a new position in shares of Walt Disney in the 4th quarter valued at about $28,000. Stone House Investment Management LLC boosted its stake in Walt Disney by 355.3% in the fourth quarter. Stone House Investment Management LLC now owns 346 shares of the entertainment giant’s stock valued at $31,000 after buying an additional 270 shares in the last quarter. ESL Trust Services LLC bought a new position in Walt Disney in the first quarter valued at about $31,000. Partnership Wealth Management LLC bought a new position in Walt Disney during the fourth quarter worth $33,000. Finally, Evolution Advisers Inc. boosted its position in shares of Walt Disney by 38.2% during the 4th quarter. Evolution Advisers Inc. now owns 380 shares of the entertainment giant’s stock worth $34,000 after purchasing an additional 105 shares in the last quarter. Institutional investors and hedge funds own 65.71% of the company’s stock.

Analyst Ratings Changes

DIS has been the subject of several analyst reports. Redburn Atlantic upgraded shares of Walt Disney from a “sell” rating to a “neutral” rating and set a $100.00 price objective for the company in a research note on Tuesday, May 21st. Raymond James decreased their target price on Walt Disney from $123.00 to $101.00 and set an “outperform” rating for the company in a research report on Thursday, August 8th. Loop Capital lowered their price target on shares of Walt Disney from $139.00 to $130.00 and set a “buy” rating on the stock in a research report on Tuesday, July 30th. Wells Fargo & Company cut their price objective 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. Finally, Needham & Company LLC cut their price objective on Walt Disney from $145.00 to $110.00 and set a “buy” rating for the company in a report on Thursday, August 8th. Three equities research analysts have rated the stock with a hold rating and twenty-three have assigned a buy rating to the company. According to MarketBeat, Walt Disney currently has an average rating of “Moderate Buy” and a consensus target price of $118.21.

Insider Buying and Selling at Walt Disney

In related news, Director Calvin Mcdonald acquired 11,756 shares of Walt Disney stock in a transaction dated Thursday, August 8th. The shares were acquired at an average cost 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 $1,897,943.78. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.10% of the stock is currently owned by corporate insiders.

Walt Disney Trading Up 0.8 %

Shares of DIS traded up $0.70 during midday trading on Wednesday, hitting $86.30. 9,261,508 shares of the stock were exchanged, compared to its average volume of 11,681,819. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.69 and a current ratio of 0.75. The firm has a market cap of $157.33 billion, a P/E ratio of 93.27, a P/E/G ratio of 1.15 and a beta of 1.40. The Walt Disney Company has a 52-week low of $78.73 and a 52-week high of $123.74. The stock has a fifty day simple moving average of $96.21 and a 200 day simple moving average of $105.08.

Walt Disney (NYSE:DIS) last issued its quarterly 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 for the quarter, compared to analyst estimates of $23.08 billion. During the same period in the prior year, the firm earned $1.03 earnings per share. The business’s revenue for the quarter was up 3.9% compared to the same quarter last year. On average, research analysts anticipate that The Walt Disney Company will post 4.77 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.