Warren Street Wealth Advisors LLC Sells 378 Shares of The Walt Disney Company $DIS

Warren Street Wealth Advisors LLC lessened its stake in The Walt Disney Company (NYSE:DIS) by 14.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 2,322 shares of the entertainment giant’s stock after selling 378 shares during the quarter. Warren Street Wealth Advisors LLC’s holdings in Walt Disney were worth $288,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of DIS. MJT & Associates Financial Advisory Group Inc. bought a new stake in Walt Disney during the 1st quarter valued at $26,000. DiNuzzo Private Wealth Inc. raised its holdings in Walt Disney by 82.5% during the 2nd quarter. DiNuzzo Private Wealth Inc. now owns 208 shares of the entertainment giant’s stock valued at $26,000 after acquiring an additional 94 shares during the period. Kessler Investment Group LLC increased its holdings in shares of Walt Disney by 274.0% in the first quarter. Kessler Investment Group LLC now owns 273 shares of the entertainment giant’s stock worth $27,000 after purchasing an additional 200 shares during the period. First PREMIER Bank increased its holdings in shares of Walt Disney by 72.2% in the first quarter. First PREMIER Bank now owns 489 shares of the entertainment giant’s stock worth $48,000 after purchasing an additional 205 shares during the period. Finally, Capitol Family Office Inc. bought a new position in shares of Walt Disney in the first quarter worth $52,000. Institutional investors own 65.71% of the company’s stock.

Walt Disney Stock Down 1.3%

Shares of NYSE:DIS opened at $112.97 on Thursday. The stock’s 50-day moving average price is $116.50 and its 200-day moving average price is $109.77. The Walt Disney Company has a 12-month low of $80.10 and a 12-month high of $124.69. The stock has a market capitalization of $203.11 billion, a P/E ratio of 17.71, a price-to-earnings-growth ratio of 1.66 and a beta of 1.54. The company has a current ratio of 0.72, a quick ratio of 0.66 and a debt-to-equity ratio of 0.32.

Walt Disney (NYSE:DIS) last announced its quarterly earnings data on Wednesday, August 6th. The entertainment giant reported $1.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.45 by $0.16. Walt Disney had a return on equity of 9.67% and a net margin of 12.22%.The firm had revenue of $23.65 billion for the quarter, compared to analysts’ expectations of $23.69 billion. During the same period last year, the firm earned $1.39 earnings per share. The company’s revenue for the quarter was up 2.1% compared to the same quarter last year. On average, equities analysts anticipate that The Walt Disney Company will post 5.47 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on DIS. Jefferies Financial Group cut shares of Walt Disney from a “strong-buy” rating to a “hold” rating in a report on Monday, August 11th. Rosenblatt Securities upped their price target on shares of Walt Disney from $140.00 to $141.00 and gave the stock a “buy” rating in a report on Monday, August 11th. Loop Capital upped their price target on shares of Walt Disney from $125.00 to $130.00 and gave the stock a “buy” rating in a report on Tuesday, June 10th. Morgan Stanley upped their price target on shares of Walt Disney from $120.00 to $140.00 and gave the stock an “overweight” rating in a report on Monday, August 4th. Finally, Raymond James Financial reaffirmed a “neutral” rating on shares of Walt Disney in a report on Monday, August 11th. Nineteen equities research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $131.18.

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.