TCG Advisors LP lowered its stake in Walt Disney Co (NYSE:DIS) by 31.8% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 290 shares of the entertainment giant’s stock after selling 135 shares during the quarter. TCG Advisors LP’s holdings in Walt Disney were worth $41,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in the stock. Centerpoint Advisors LLC lifted its holdings in Walt Disney by 276.5% in the 2nd quarter. Centerpoint Advisors LLC now owns 192 shares of the entertainment giant’s stock worth $27,000 after buying an additional 141 shares in the last quarter. SRS Capital Advisors Inc. acquired a new stake in Walt Disney in the second quarter valued at $39,000. Portfolio Solutions LLC acquired a new stake in Walt Disney in the fourth quarter valued at $43,000. Riverview Trust Co bought a new position in Walt Disney during the 4th quarter valued at $48,000. Finally, MRA Associates USA LLC bought a new position in Walt Disney during the 2nd quarter valued at $53,000. Institutional investors and hedge funds own 68.75% of the company’s stock.

In other Walt Disney news, EVP Brent Woodford sold 6,200 shares of the business’s stock in a transaction dated Friday, June 14th. The shares were sold at an average price of $141.27, for a total transaction of $875,874.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Alan N. Braverman sold 94,462 shares of the company’s stock in a transaction dated Friday, July 5th. The stock was sold at an average price of $141.18, for a total transaction of $13,336,145.16. The disclosure for this sale can be found here. In the last three months, insiders sold 154,423 shares of company stock worth $21,761,755. Company insiders own 0.36% of the company’s stock.

Several research firms have recently weighed in on DIS. Morgan Stanley set a $160.00 target price on shares of Walt Disney and gave the stock a “buy” rating in a research report on Friday, August 2nd. Bank of America set a $168.00 price target on shares of Walt Disney and gave the stock a “buy” rating in a research report on Monday, June 24th. Imperial Capital decreased their price target on Walt Disney from $147.00 to $140.00 and set an “in-line” rating for the company in a research note on Tuesday, August 20th. Citigroup reiterated a “buy” rating and issued a $160.00 price target (up from $132.00) on shares of Walt Disney in a research note on Thursday, June 6th. Finally, Needham & Company LLC reissued a “hold” rating on shares of Walt Disney in a report on Wednesday, August 7th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and nineteen have given a buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $148.22.

NYSE DIS traded down $0.16 during trading hours on Wednesday, reaching $135.64. The company’s stock had a trading volume of 5,386,986 shares, compared to its average volume of 6,751,570. The company has a current ratio of 0.70, a quick ratio of 0.67 and a debt-to-equity ratio of 0.38. The business has a 50-day simple moving average of $138.24 and a 200 day simple moving average of $131.53. Walt Disney Co has a 52 week low of $100.35 and a 52 week high of $147.15. The stock has a market cap of $250.09 billion, a PE ratio of 19.16, a PEG ratio of 4.59 and a beta of 0.97.

Walt Disney (NYSE:DIS) last issued its earnings results on Tuesday, August 6th. The entertainment giant reported $1.35 EPS for the quarter, missing the Zacks’ consensus estimate of $1.76 by ($0.41). The company had revenue of $20.25 billion during the quarter, compared to analyst estimates of $21.40 billion. Walt Disney had a net margin of 19.02% and a return on equity of 13.08%. The business’s revenue was up 32.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.87 earnings per share. As a group, equities analysts predict that Walt Disney Co will post 6 EPS for the current year.

Walt Disney Profile

The Walt Disney Company, together with its subsidiaries, operates as an entertainment company worldwide. The company's Media Networks segment operates cable programming businesses under the ESPN, Disney, and Freeform brands; broadcast businesses, including ABC TV Network and eight owned television stations; and radio businesses.

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Institutional Ownership by Quarter for Walt Disney (NYSE:DIS)

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