MCF Advisors LLC Decreases Stock Holdings in The Walt Disney Company (NYSE:DIS)

MCF Advisors LLC decreased its holdings in shares of The Walt Disney Company (NYSE:DIS) by 1.5% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,175 shares of the entertainment giant’s stock after selling 122 shares during the period. MCF Advisors LLC’s holdings in Walt Disney were worth $812,000 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. Gryphon Financial Partners LLC purchased a new stake in Walt Disney in the fourth quarter worth $603,000. Wealthspire Advisors LLC grew its position in shares of Walt Disney by 0.5% in the 4th quarter. Wealthspire Advisors LLC now owns 24,229 shares of the entertainment giant’s stock worth $2,188,000 after buying an additional 128 shares during the period. Advantage Trust Co bought a new position in shares of Walt Disney in the 4th quarter worth about $66,000. Vestor Capital LLC boosted its stake in Walt Disney by 26.0% during the fourth quarter. Vestor Capital LLC now owns 2,635 shares of the entertainment giant’s stock worth $238,000 after acquiring an additional 544 shares in the last quarter. Finally, Montag A & Associates Inc. grew its holdings in Walt Disney by 88.6% in the fourth quarter. Montag A & Associates Inc. now owns 44,550 shares of the entertainment giant’s stock worth $4,036,000 after purchasing an additional 20,925 shares during the period. Institutional investors own 65.71% of the company’s stock.

Walt Disney Price Performance

NYSE DIS opened at $88.65 on Friday. The company has a quick ratio of 0.66, a current ratio of 0.72 and a debt-to-equity ratio of 0.38. The firm has a market capitalization of $161.61 billion, a P/E ratio of 96.36, a PEG ratio of 1.34 and a beta of 1.40. The company has a 50-day moving average price of $92.21 and a 200-day moving average price of $103.42. The Walt Disney Company has a 52 week low of $78.73 and a 52 week high of $123.74.

Walt Disney (NYSE:DIS) last announced its earnings results on Wednesday, August 7th. The entertainment giant reported $1.39 EPS for the quarter, beating analysts’ consensus estimates of $1.20 by $0.19. The business had revenue of $23.20 billion during the quarter, compared to analysts’ expectations 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% on a year-over-year basis. During the same period in the prior year, the company earned $1.03 earnings per share. Equities research analysts anticipate that The Walt Disney Company will post 4.92 earnings per share for the current year.

Insider Buying and Selling

In related news, Director Calvin Mcdonald purchased 11,756 shares of the business’s stock in a transaction on Thursday, August 8th. The stock was acquired 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 owns 22,313 shares of the company’s stock, valued at approximately $1,897,943.78. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.10% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the stock. UBS Group lowered their target price on shares of Walt Disney from $130.00 to $120.00 and set a “buy” rating for the company in a report on Thursday, August 8th. Wells Fargo & Company dropped their target price on Walt Disney from $136.00 to $116.00 and set an “overweight” rating on the stock in a report on Thursday, August 8th. Bank of America cut their target price on Walt Disney from $145.00 to $120.00 and set a “buy” rating on the stock in a research note on Thursday, August 8th. Barclays dropped their price target on shares of Walt Disney from $130.00 to $105.00 and set an “overweight” rating on the stock in a research note on Thursday, August 8th. Finally, Macquarie reduced their price objective on shares of Walt Disney from $107.00 to $94.00 and set a “neutral” rating for the company in a research note on Monday, August 12th. Three equities research analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the company. According to MarketBeat.com, Walt Disney presently has a consensus rating of “Moderate Buy” and an average price target of $117.95.

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.