OneAscent Financial Services LLC Has $815,000 Position in The Walt Disney Company (NYSE:DIS)

OneAscent Financial Services LLC reduced its position in shares of The Walt Disney Company (NYSE:DIS) by 5.7% in the 1st quarter, HoldingsChannel.com reports. The firm owned 6,659 shares of the entertainment giant’s stock after selling 403 shares during the quarter. OneAscent Financial Services LLC’s holdings in Walt Disney were worth $815,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in the company. Planned Solutions Inc. acquired a new position in Walt Disney in the 4th quarter valued at $26,000. Gold Investment Management Ltd. acquired a new position in Walt Disney in the 4th quarter valued at $28,000. Partnership Wealth Management LLC acquired a new position in Walt Disney in the 4th quarter valued at $33,000. Stone House Investment Management LLC raised its holdings in Walt Disney by 355.3% in the 4th quarter. Stone House Investment Management LLC now owns 346 shares of the entertainment giant’s stock valued at $31,000 after acquiring an additional 270 shares in the last quarter. Finally, Fortis Group Advisors LLC acquired a new position in Walt Disney in the 3rd quarter valued at $30,000. 65.71% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other Walt Disney news, Director James P. Gorman acquired 20,000 shares of the company’s stock in a transaction dated Wednesday, May 8th. The shares were bought at an average cost of $106.03 per share, with a total value of $2,120,600.00. Following the purchase, the director now directly owns 20,467 shares of the company’s stock, valued at $2,170,116.01. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, EVP Sonia L. Coleman sold 4,400 shares of the company’s stock in a transaction that occurred on Thursday, May 9th. The stock was sold at an average price of $106.00, for a total transaction of $466,400.00. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director James P. Gorman purchased 20,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 8th. The shares were purchased at an average cost of $106.03 per share, for a total transaction of $2,120,600.00. Following the completion of the purchase, the director now owns 20,467 shares in the company, valued at approximately $2,170,116.01. The disclosure for this purchase can be found here. 0.10% of the stock is owned by company insiders.

Walt Disney Trading Down 2.8 %

NYSE DIS opened at $99.29 on Friday. The business’s 50-day moving average price is $104.76 and its two-hundred day moving average price is $104.66. The Walt Disney Company has a 12 month low of $78.73 and a 12 month high of $123.74. The firm has a market capitalization of $181.01 billion, a PE ratio of 107.93, a price-to-earnings-growth ratio of 1.27 and a beta of 1.40. The company has a current ratio of 0.75, a quick ratio of 0.69 and a debt-to-equity ratio of 0.38.

Walt Disney (NYSE:DIS) last released its quarterly earnings results on Tuesday, May 7th. The entertainment giant reported $1.21 EPS for the quarter, beating analysts’ consensus estimates of $1.12 by $0.09. The firm had revenue of $22.08 billion for the quarter, compared to analyst estimates of $22.12 billion. Walt Disney had a return on equity of 8.37% and a net margin of 1.90%. The business’s revenue was up 1.2% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.93 EPS. On average, analysts expect that The Walt Disney Company will post 4.76 EPS for the current year.

Analysts Set New Price Targets

Several brokerages have weighed in on DIS. The Goldman Sachs Group assumed coverage on Walt Disney in a report on Tuesday, June 25th. They issued a “buy” rating and a $125.00 price objective for the company. Rosenblatt Securities boosted their price target on Walt Disney from $129.00 to $137.00 and gave the stock a “buy” rating in a report on Tuesday, April 2nd. Loop Capital boosted their price target on Walt Disney from $113.00 to $140.00 and gave the stock a “buy” rating in a report on Monday, May 6th. Macquarie boosted their price target on Walt Disney from $104.00 to $107.00 and gave the stock a “neutral” rating in a report on Monday, May 13th. Finally, JPMorgan Chase & Co. assumed coverage on Walt Disney in a report on Thursday, April 11th. They set an “overweight” rating and a $140.00 price target for the company. One analyst has rated the stock with a sell rating, three have issued a hold rating and twenty-two have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $126.50.

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.