Gordian Capital Singapore Pte Ltd Sells 2,000 Shares of The Walt Disney Company (NYSE:DIS)

Gordian Capital Singapore Pte Ltd lessened its holdings in shares of The Walt Disney Company (NYSE:DIS) by 55.4% during the 2nd quarter, Holdings Channel.com reports. The firm owned 1,611 shares of the entertainment giant’s stock after selling 2,000 shares during the period. Gordian Capital Singapore Pte Ltd’s holdings in Walt Disney were worth $160,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. ESL Trust Services LLC bought a new stake in Walt Disney during the 1st quarter worth about $31,000. William B. Walkup & Associates Inc. acquired a new position in shares of Walt Disney during the second quarter worth approximately $32,000. Frank Rimerman Advisors LLC bought a new stake in shares of Walt Disney during the fourth quarter valued at approximately $37,000. Mascoma Wealth Management LLC increased its holdings in shares of Walt Disney by 38.0% in the second quarter. Mascoma Wealth Management LLC now owns 443 shares of the entertainment giant’s stock valued at $44,000 after purchasing an additional 122 shares in the last quarter. Finally, Beaird Harris Wealth Management LLC raised its position in Walt Disney by 30.7% in the 4th quarter. Beaird Harris Wealth Management LLC now owns 498 shares of the entertainment giant’s stock worth $45,000 after purchasing an additional 117 shares during the last quarter. 65.71% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have commented on DIS shares. Evercore ISI decreased their price objective on Walt Disney from $128.00 to $105.00 and set an “outperform” rating on the stock in a research report on Thursday, August 8th. UBS Group decreased their price target on Walt Disney from $130.00 to $120.00 and set a “buy” rating on the stock in a report on Thursday, August 8th. Loop Capital lowered their price objective on Walt Disney from $139.00 to $130.00 and set a “buy” rating for the company in a research report on Tuesday, July 30th. Deutsche Bank Aktiengesellschaft cut their target price on shares of Walt Disney from $130.00 to $115.00 and set a “buy” rating on the stock in a research report on Thursday, August 8th. Finally, Raymond James reiterated a “market perform” rating on shares of Walt Disney in a research report on Tuesday. Four research analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $118.43.

Insider Activity

In other news, Director Calvin Mcdonald acquired 11,756 shares of the firm’s stock in a transaction that occurred on Thursday, August 8th. The stock was acquired at an average cost of $85.06 per share, for a total transaction of $999,965.36. Following the completion of the acquisition, the director now owns 22,313 shares in the company, valued at $1,897,943.78. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.10% of the company’s stock.

Walt Disney Trading Down 2.2 %

NYSE:DIS opened at $94.05 on Wednesday. The business’s 50-day simple moving average is $90.50 and its 200-day simple moving average is $100.98. The Walt Disney Company has a fifty-two week low of $78.73 and a fifty-two week high of $123.74. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.72 and a quick ratio of 0.66. The stock has a market capitalization of $171.46 billion, a PE ratio of 102.23, a price-to-earnings-growth ratio of 1.53 and a beta of 1.40.

Walt Disney (NYSE:DIS) last issued its quarterly earnings data on Wednesday, August 7th. The entertainment giant reported $1.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.20 by $0.19. The company had revenue of $23.20 billion during the quarter, compared to the consensus estimate of $23.08 billion. Walt Disney had a net margin of 5.30% and a return on equity of 8.64%. The firm’s revenue was up 3.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.03 earnings per share. Sell-side analysts expect that The Walt Disney Company will post 4.92 earnings per share for the current fiscal year.

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.