Moors & Cabot Inc. Reduces Holdings in The Walt Disney Company (NYSE:DIS)

Moors & Cabot Inc. reduced its stake in The Walt Disney Company (NYSE:DIS) by 14.5% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 58,078 shares of the entertainment giant’s stock after selling 9,880 shares during the period. Moors & Cabot Inc.’s holdings in Walt Disney were worth $5,767,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently bought and sold shares of DIS. Jennison Associates LLC purchased a new position in shares of Walt Disney in the first quarter worth $1,490,492,000. Capital World Investors increased its position in shares of Walt Disney by 3,332.4% in the 1st quarter. Capital World Investors now owns 6,267,593 shares of the entertainment giant’s stock valued at $766,903,000 after acquiring an additional 6,084,993 shares during the period. ValueAct Holdings L.P. purchased a new position in Walt Disney in the 4th quarter worth $459,245,000. Swedbank AB acquired a new stake in Walt Disney during the 1st quarter worth about $493,715,000. Finally, Ontario Teachers Pension Plan Board purchased a new stake in Walt Disney during the 1st quarter valued at about $425,567,000. 65.71% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, Director Calvin Mcdonald bought 11,756 shares of the firm’s stock in a transaction dated Thursday, August 8th. The shares were acquired at an average price of $85.06 per share, for a total transaction of $999,965.36. Following the completion of the transaction, the director now directly owns 22,313 shares in the company, valued at approximately $1,897,943.78. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. 0.10% of the stock is owned by company insiders.

Walt Disney Trading Up 1.4 %

Shares of NYSE:DIS opened at $91.84 on Tuesday. The firm has a market capitalization of $166.56 billion, a price-to-earnings ratio of 99.83, a price-to-earnings-growth ratio of 1.31 and a beta of 1.40. The business’s 50 day moving average price is $90.95 and its 200-day moving average price is $102.35. 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 Walt Disney Company has a 1 year low of $78.73 and a 1 year high of $123.74.

Walt Disney (NYSE:DIS) last announced its earnings results on Wednesday, August 7th. The entertainment giant reported $1.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.20 by $0.19. Walt Disney had a net margin of 5.30% and a return on equity of 8.64%. The business had revenue of $23.20 billion for the quarter, compared to analyst estimates of $23.08 billion. During the same quarter last year, the business earned $1.03 earnings per share. The company’s revenue for the quarter was up 3.9% compared to the same quarter last year. On average, equities research analysts forecast that The Walt Disney Company will post 4.92 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have recently issued reports on DIS. The Goldman Sachs Group began coverage on Walt Disney in a research note on Tuesday, June 25th. They issued a “buy” rating and a $125.00 price objective for the company. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Walt Disney from $130.00 to $115.00 and set a “buy” rating for the company in a research note on Thursday, August 8th. Redburn Atlantic upgraded shares of Walt Disney from a “sell” rating to a “neutral” rating and set a $100.00 price objective on the stock in a research note on Tuesday, May 21st. UBS Group decreased their target price on shares of Walt Disney from $130.00 to $120.00 and set a “buy” rating for the company in a research report on Thursday, August 8th. Finally, Raymond James cut their price target on Walt Disney from $123.00 to $101.00 and set an “outperform” rating on the stock in a research report on Thursday, August 8th. Three research analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $117.95.

Walt Disney 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.