Claro Advisors LLC Reduces Holdings in The Walt Disney Company (NYSE:DIS)

Claro Advisors LLC lowered its holdings in The Walt Disney Company (NYSE:DIS) by 80.0% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 3,087 shares of the entertainment giant’s stock after selling 12,323 shares during the period. Claro Advisors LLC’s holdings in Walt Disney were worth $297,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Vaughan Nelson Investment Management L.P. lifted its holdings in Walt Disney by 84.6% in the 1st quarter. Vaughan Nelson Investment Management L.P. now owns 2,000,267 shares of the entertainment giant’s stock worth $244,754,000 after buying an additional 916,772 shares during the period. Jennison Associates LLC purchased a new stake in Walt Disney in the 1st quarter worth approximately $1,490,492,000. Mirae Asset Global Investments Co. Ltd. lifted its holdings in Walt Disney by 4.2% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 556,658 shares of the entertainment giant’s stock worth $68,113,000 after buying an additional 22,568 shares during the period. Nordea Investment Management AB lifted its holdings in Walt Disney by 555.9% in the 1st quarter. Nordea Investment Management AB now owns 956,788 shares of the entertainment giant’s stock worth $117,599,000 after buying an additional 810,923 shares during the period. Finally, Arlington Financial Advisors LLC lifted its holdings in Walt Disney by 456.9% in the 1st quarter. Arlington Financial Advisors LLC now owns 33,462 shares of the entertainment giant’s stock worth $4,094,000 after buying an additional 27,453 shares during the period. Hedge funds and other institutional investors own 65.71% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the company. Macquarie decreased their target price on Walt Disney from $94.00 to $91.00 and set a “neutral” rating for the company in a research report on Thursday, September 19th. Moffett Nathanson decreased their target price on Walt Disney from $130.00 to $125.00 and set a “buy” rating for the company in a research report on Tuesday, July 2nd. Morgan Stanley decreased their target price on Walt Disney from $130.00 to $110.00 and set an “overweight” rating for the company in a research report on Monday, August 5th. The Goldman Sachs Group assumed coverage on Walt Disney in a research report on Tuesday, June 25th. They issued a “buy” rating and a $125.00 target price for the company. Finally, Loop Capital decreased their target price 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. Five research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $118.05.

Insider Buying and Selling at Walt Disney

In other news, Director Calvin Mcdonald acquired 11,756 shares of the business’s stock in a transaction that occurred on Thursday, August 8th. The stock was bought at an average price of $85.06 per share, with a total value of $999,965.36. Following the completion of the acquisition, the director now directly owns 22,313 shares of the company’s stock, valued at approximately $1,897,943.78. The trade was a 100.00 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.10% of the company’s stock.

Walt Disney Stock Performance

Shares of DIS opened at $97.28 on Monday. The business’s fifty day simple moving average is $91.72 and its two-hundred day simple moving average is $98.75. The company has a current ratio of 0.72, a quick ratio of 0.66 and a debt-to-equity ratio of 0.38. The Walt Disney Company has a 12 month low of $79.23 and a 12 month high of $123.74. The company has a market cap of $177.35 billion, a price-to-earnings ratio of 105.74, a P/E/G ratio of 1.49 and a beta of 1.40.

Walt Disney (NYSE:DIS) last issued its earnings results on Wednesday, August 7th. The entertainment giant reported $1.39 EPS for the quarter, beating the consensus estimate of $1.20 by $0.19. Walt Disney had a return on equity of 8.64% and a net margin of 5.30%. The business had revenue of $23.20 billion for the quarter, compared to the consensus estimate of $23.08 billion. During the same period last year, the business posted $1.03 EPS. The company’s revenue was up 3.9% compared to the same quarter last year. Research analysts anticipate 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.