Westbourne Investment Advisors Inc. Sells 235 Shares of The Walt Disney Company (NYSE:DIS)

Westbourne Investment Advisors Inc. lowered its position in The Walt Disney Company (NYSE:DIS) by 5.1% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,356 shares of the entertainment giant’s stock after selling 235 shares during the quarter. Westbourne Investment Advisors Inc.’s holdings in Walt Disney were worth $419,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Transcendent Capital Group LLC grew its stake in shares of Walt Disney by 1.4% during the first quarter. Transcendent Capital Group LLC now owns 7,912 shares of the entertainment giant’s stock valued at $968,000 after buying an additional 108 shares during the last quarter. ADE LLC grew its position in Walt Disney by 4.6% in the 2nd quarter. ADE LLC now owns 2,509 shares of the entertainment giant’s stock valued at $249,000 after acquiring an additional 110 shares during the last quarter. Absher Wealth Management LLC increased its stake in Walt Disney by 0.8% in the third quarter. Absher Wealth Management LLC now owns 14,141 shares of the entertainment giant’s stock worth $1,360,000 after purchasing an additional 111 shares during the period. Archford Capital Strategies LLC boosted its stake in shares of Walt Disney by 2.3% during the second quarter. Archford Capital Strategies LLC now owns 4,966 shares of the entertainment giant’s stock valued at $493,000 after purchasing an additional 112 shares during the period. Finally, Zhang Financial LLC grew its holdings in shares of Walt Disney by 5.7% in the second quarter. Zhang Financial LLC now owns 2,078 shares of the entertainment giant’s stock worth $206,000 after purchasing an additional 112 shares during the last quarter. Institutional investors own 65.71% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the stock. Wells Fargo & Company decreased their price objective on shares of Walt Disney from $136.00 to $116.00 and set an “overweight” rating for the company in a report on Thursday, August 8th. UBS Group lowered their price target on Walt Disney from $130.00 to $120.00 and set a “buy” rating for the company in a report on Thursday, August 8th. JPMorgan Chase & Co. reduced their price objective on Walt Disney from $135.00 to $125.00 and set an “overweight” rating on the stock in a report on Thursday, August 8th. Barclays lowered their target price on Walt Disney from $130.00 to $105.00 and set an “overweight” rating for the company in a report on Thursday, August 8th. Finally, Seaport Res Ptn raised Walt Disney from a “hold” rating to a “strong-buy” rating in a research report on Monday, September 30th. Five investment analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Walt Disney currently has a consensus rating of “Moderate Buy” and a consensus price target of $118.05.

Walt Disney Stock Down 0.4 %

Shares of DIS stock traded down $0.39 during trading hours on Friday, reaching $95.81. 7,944,869 shares of the company’s stock were exchanged, compared to its average volume of 7,666,039. The stock has a market cap of $173.76 billion, a PE ratio of 36.85, a PEG ratio of 1.53 and a beta of 1.40. 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 stock’s fifty day moving average price is $93.16 and its two-hundred day moving average price is $97.45. The Walt Disney Company has a 1 year low of $81.82 and a 1 year high of $123.74.

Walt Disney (NYSE:DIS) last released 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. The firm had revenue of $23.20 billion for the quarter, compared to the consensus estimate of $23.08 billion. Walt Disney had a return on equity of 8.64% and a net margin of 5.30%. The firm’s revenue was up 3.9% on a year-over-year basis. During the same period in the prior year, the firm earned $1.03 EPS. Research analysts predict that The Walt Disney Company will post 4.93 EPS for the current year.

Insider Buying and Selling

In other Walt Disney news, Director Calvin Mcdonald acquired 11,756 shares of the firm’s stock in a transaction 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 purchase, the director now owns 22,313 shares in the company, 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 this hyperlink. Corporate insiders own 0.10% of the company’s stock.

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.