Foundations Investment Advisors LLC Sells 3,405 Shares of The Walt Disney Company (NYSE:DIS)

Foundations Investment Advisors LLC trimmed its position in shares of The Walt Disney Company (NYSE:DIS – Get Rating) by 15.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 19,346 shares of the entertainment giant’s stock after selling 3,405 shares during the period. Foundations Investment Advisors LLC’s holdings in Walt Disney were worth $1,681,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of DIS. TD Capital Management LLC purchased a new position in Walt Disney during the third quarter valued at $29,000. Worth Asset Management LLC purchased a new position in Walt Disney during the first quarter valued at $29,000. Coston McIsaac & Partners purchased a new position in Walt Disney during the second quarter valued at $38,000. IAG Wealth Partners LLC grew its stake in Walt Disney by 167.5% during the third quarter. IAG Wealth Partners LLC now owns 412 shares of the entertainment giant’s stock valued at $39,000 after acquiring an additional 258 shares in the last quarter. Finally, Bell Investment Advisors Inc grew its stake in Walt Disney by 86.5% during the third quarter. Bell Investment Advisors Inc now owns 567 shares of the entertainment giant’s stock valued at $54,000 after acquiring an additional 263 shares in the last quarter. 62.22% of the stock is currently owned by institutional investors.

Walt Disney Stock Down 1.2 %

NYSE:DIS opened at $93.20 on Friday. The company has a market cap of $170.26 billion, a PE ratio of 51.21, a P/E/G ratio of 2.31 and a beta of 1.30. The Walt Disney Company has a twelve month low of $84.07 and a twelve month high of $144.46. The company has a current ratio of 0.99, a quick ratio of 0.93 and a debt-to-equity ratio of 0.45. The company’s 50 day moving average is $102.55 and its two-hundred day moving average is $99.71.

Walt Disney (NYSE:DIS – Get Rating) last released its earnings results on Wednesday, February 8th. The entertainment giant reported $0.99 earnings per share for the quarter, topping the consensus estimate of $0.69 by $0.30. The company had revenue of $23.51 billion for the quarter, compared to the consensus estimate of $23.29 billion. Walt Disney had a net margin of 3.93% and a return on equity of 6.72%. Walt Disney’s revenue was up 7.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.06 EPS. Analysts anticipate that The Walt Disney Company will post 3.98 EPS for the current year.

Insider Activity

In other news, CFO Christine M. Mccarthy sold 42,533 shares of the company’s stock in a transaction on Thursday, January 12th. The shares were sold at an average price of $98.46, for a total value of $4,187,799.18. Following the sale, the chief financial officer now directly owns 181,830 shares of the company’s stock, valued at approximately $17,902,981.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, EVP Brent Woodford sold 18,110 shares of the business’s stock in a transaction on Thursday, January 12th. The shares were sold at an average price of $98.46, for a total value of $1,783,110.60. Following the completion of the transaction, the executive vice president now directly owns 33,186 shares in the company, valued at approximately $3,267,493.56. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Christine M. Mccarthy sold 42,533 shares of the business’s stock in a transaction on Thursday, January 12th. The shares were sold at an average price of $98.46, for a total transaction of $4,187,799.18. Following the completion of the transaction, the chief financial officer now owns 181,830 shares of the company’s stock, valued at $17,902,981.80. The disclosure for this sale can be found here. Insiders have sold 62,921 shares of company stock valued at $6,209,132 in the last ninety days. Insiders own 0.10% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently weighed in on DIS shares. Barclays raised their target price on shares of Walt Disney from $98.00 to $110.00 in a research note on Thursday, February 9th. Morgan Stanley dropped their price objective on shares of Walt Disney from $125.00 to $115.00 and set an “overweight” rating for the company in a research note on Monday, December 12th. Tigress Financial dropped their price objective on shares of Walt Disney from $229.00 to $177.00 in a research note on Tuesday, November 22nd. Bank of America lifted their price objective on shares of Walt Disney from $115.00 to $135.00 and gave the stock a “buy” rating in a research note on Thursday, February 9th. Finally, Royal Bank of Canada set a $130.00 price objective on shares of Walt Disney in a research note on Monday, November 21st. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and twenty have given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $128.92.

About Walt Disney

(Get Rating)

The Walt Disney Co is a diversified international family entertainment and media enterprise. It operates through the following segments: Disney Media and Entertainment Distribution (DMED) and Disney Parks, Experiences and Products (DPEP). The DMED segment encompasses the company’s global film and episodic television content production and distribution activities.