Bradley Foster & Sargent Inc. CT Sells 8,410 Shares of The Walt Disney Company (NYSE:DIS)

Bradley Foster & Sargent Inc. CT lessened its holdings in The Walt Disney Company (NYSE:DIS) by 6.2% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 126,332 shares of the entertainment giant’s stock after selling 8,410 shares during the quarter. Bradley Foster & Sargent Inc. CT’s holdings in Walt Disney were worth $12,543,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. boosted its stake in shares of Walt Disney by 1.5% in the 1st quarter. Vanguard Group Inc. now owns 153,769,084 shares of the entertainment giant’s stock valued at $18,815,185,000 after purchasing an additional 2,325,582 shares in the last quarter. Bank of New York Mellon Corp grew its holdings in Walt Disney by 10.8% during the 2nd quarter. Bank of New York Mellon Corp now owns 14,883,983 shares of the entertainment giant’s stock worth $1,477,831,000 after acquiring an additional 1,449,730 shares during the last quarter. Jennison Associates LLC bought a new stake in Walt Disney during the 1st quarter worth about $1,490,492,000. Price T Rowe Associates Inc. MD grew its holdings in Walt Disney by 2.5% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 12,040,297 shares of the entertainment giant’s stock worth $1,473,252,000 after acquiring an additional 293,482 shares during the last quarter. Finally, Fisher Asset Management LLC grew its holdings in Walt Disney by 4.4% during the 4th quarter. Fisher Asset Management LLC now owns 7,201,556 shares of the entertainment giant’s stock worth $650,229,000 after acquiring an additional 306,676 shares during the last quarter. Institutional investors and hedge funds own 65.71% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on DIS shares. Morgan Stanley decreased their price objective 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. The Goldman Sachs Group initiated coverage on shares of Walt Disney in a research note on Tuesday, June 25th. They issued a “buy” rating and a $125.00 target price on the stock. Moffett Nathanson reduced their target price on shares of Walt Disney from $130.00 to $125.00 and set a “buy” rating on the stock in a research note on Tuesday, July 2nd. Evercore ISI reduced their target price on shares of Walt Disney from $128.00 to $105.00 and set an “outperform” rating on the stock in a research note on Thursday, August 8th. Finally, Wells Fargo & Company reduced their target price on shares of Walt Disney from $136.00 to $116.00 and set an “overweight” rating on the stock in a research note 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 company. Based on data from MarketBeat.com, Walt Disney currently has a consensus rating of “Moderate Buy” and an average price target of $117.95.

Walt Disney Stock Up 1.1 %

DIS stock opened at $92.89 on Wednesday. The company has a market cap of $169.34 billion, a PE ratio of 100.97, a price-to-earnings-growth ratio of 1.31 and a beta of 1.40. The business has a 50-day simple moving average of $90.86 and a 200 day simple moving average of $102.22. The Walt Disney Company has a 52 week low of $78.73 and a 52 week high of $123.74. The company has a quick ratio of 0.66, a current ratio of 0.72 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 the consensus estimate of $1.20 by $0.19. The firm 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%. The business’s quarterly revenue was up 3.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.03 earnings per share. Sell-side analysts anticipate that The Walt Disney Company will post 4.92 EPS for the current fiscal year.

Insiders Place Their Bets

In other Walt Disney news, Director Calvin Mcdonald bought 11,756 shares of the stock in a transaction on Thursday, August 8th. The stock was purchased at an average price of $85.06 per share, with a total value 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 purchase was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 0.10% of the company’s stock.

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.