HBK Sorce Advisory LLC Cuts Stock Position in The Walt Disney Company $DIS

HBK Sorce Advisory LLC reduced its position in The Walt Disney Company (NYSE:DIS) by 17.7% in the second quarter, Holdings Channel.com reports. The firm owned 30,517 shares of the entertainment giant’s stock after selling 6,559 shares during the quarter. HBK Sorce Advisory LLC’s holdings in Walt Disney were worth $3,784,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. MJT & Associates Financial Advisory Group Inc. purchased a new position in shares of Walt Disney in the 1st quarter worth about $26,000. DiNuzzo Private Wealth Inc. boosted its holdings in shares of Walt Disney by 82.5% in the 2nd quarter. DiNuzzo Private Wealth Inc. now owns 208 shares of the entertainment giant’s stock worth $26,000 after purchasing an additional 94 shares in the last quarter. Harbor Asset Planning Inc. purchased a new position in shares of Walt Disney in the 2nd quarter worth about $37,000. RMG Wealth Management LLC purchased a new position in shares of Walt Disney in the 2nd quarter worth about $49,000. Finally, Core Alternative Capital boosted its holdings in shares of Walt Disney by 71.0% in the 1st quarter. Core Alternative Capital now owns 542 shares of the entertainment giant’s stock worth $53,000 after purchasing an additional 225 shares in the last quarter. 65.71% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms have recently issued reports on DIS. Jefferies Financial Group cut Walt Disney from a “strong-buy” rating to a “hold” rating in a report on Monday, August 11th. Rosenblatt Securities reissued a “buy” rating and issued a $141.00 target price on shares of Walt Disney in a research note on Friday, October 17th. Wall Street Zen lowered Walt Disney from a “buy” rating to a “hold” rating in a research note on Friday, October 3rd. Morgan Stanley boosted their target price on Walt Disney from $120.00 to $140.00 and gave the company an “overweight” rating in a research note on Monday, August 4th. Finally, JPMorgan Chase & Co. boosted their target price on Walt Disney from $130.00 to $138.00 and gave the company an “overweight” rating in a research note on Tuesday, July 29th. Nineteen investment analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $132.90.

Walt Disney Trading Down 1.3%

DIS opened at $110.21 on Thursday. The business has a 50 day simple moving average of $114.33 and a two-hundred day simple moving average of $112.49. The firm has a market capitalization of $198.15 billion, a price-to-earnings ratio of 17.27, a PEG ratio of 1.46 and a beta of 1.54. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.72 and a quick ratio of 0.66. The Walt Disney Company has a one year low of $80.10 and a one year high of $124.69.

Walt Disney (NYSE:DIS) last released its quarterly earnings results on Wednesday, August 6th. The entertainment giant reported $1.61 EPS for the quarter, beating analysts’ consensus estimates of $1.45 by $0.16. The business had revenue of $23.65 billion during the quarter, compared to analyst estimates of $23.69 billion. Walt Disney had a return on equity of 9.67% and a net margin of 12.22%.Walt Disney’s quarterly revenue was up 2.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.39 EPS. Analysts predict that The Walt Disney Company will post 5.47 EPS for the current year.

About Walt Disney

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.