Wellington Shields & Co. LLC Trims Position in The Walt Disney Company (NYSE:DIS)

Wellington Shields & Co. LLC lowered its stake in shares of The Walt Disney Company (NYSE:DIS) by 1.4% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 31,696 shares of the entertainment giant’s stock after selling 451 shares during the quarter. Walt Disney comprises about 1.0% of Wellington Shields & Co. LLC’s holdings, making the stock its 19th largest position. Wellington Shields & Co. LLC’s holdings in Walt Disney were worth $3,147,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Norges Bank acquired a new position in Walt Disney during the 4th quarter worth approximately $1,938,647,000. Jennison Associates LLC bought a new position in Walt Disney during the 1st quarter worth approximately $1,490,492,000. Capital World Investors boosted its holdings in Walt Disney by 3,332.4% in the first quarter. Capital World Investors now owns 6,267,593 shares of the entertainment giant’s stock worth $766,903,000 after purchasing an additional 6,084,993 shares during the period. ValueAct Holdings L.P. acquired a new position in shares of Walt Disney in the 4th quarter valued at about $459,245,000. Finally, Swedbank AB acquired a new stake in shares of Walt Disney during the 1st quarter worth approximately $493,715,000. Institutional investors and hedge funds own 65.71% of the company’s stock.

Insiders Place Their Bets

In other Walt Disney news, Director Calvin Mcdonald bought 11,756 shares of Walt Disney stock in a transaction dated Thursday, August 8th. The shares were bought 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 of the company’s stock, valued at $1,897,943.78. The transaction was disclosed in a document filed with the SEC, which is available at this link. Insiders own 0.10% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently commented on DIS. JPMorgan Chase & Co. lowered 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. Macquarie dropped their price target on shares of Walt Disney from $107.00 to $94.00 and set a “neutral” rating on the stock in a research note on Monday, August 12th. UBS Group decreased their price target on Walt Disney from $130.00 to $120.00 and set a “buy” rating for the company in a research note on Thursday, August 8th. Loop Capital dropped their target price on Walt Disney from $139.00 to $130.00 and set a “buy” rating on the stock in a report on Tuesday, July 30th. Finally, Needham & Company LLC dropped their price objective on Walt Disney from $145.00 to $110.00 and set a “buy” rating on the stock in a research note on Thursday, August 8th. Three investment analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $117.95.

Walt Disney Trading Up 0.1 %

Walt Disney stock opened at $88.39 on Wednesday. The business has a 50 day moving average price of $91.60 and a two-hundred day moving average price of $102.91. 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 stock has a market cap of $160.30 billion, a price-to-earnings ratio of 96.08, a price-to-earnings-growth ratio of 1.31 and a beta of 1.40. The Walt Disney Company has a 12 month low of $78.73 and a 12 month high of $123.74.

Walt Disney (NYSE:DIS) last posted its earnings results on Wednesday, August 7th. The entertainment giant reported $1.39 EPS for the quarter, topping the consensus estimate of $1.20 by $0.19. The business had revenue of $23.20 billion during the quarter, compared to the consensus estimate of $23.08 billion. Walt Disney had a return on equity of 8.64% and a net margin of 5.30%. Walt Disney’s revenue was up 3.9% on a year-over-year basis. During the same quarter last year, the company earned $1.03 EPS. As a group, equities analysts forecast that The Walt Disney Company will post 4.92 EPS for the current year.

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.