West Oak Capital LLC cut its holdings in The Walt Disney Company (NYSE:DIS – Get Rating) by 20.7% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 11,884 shares of the entertainment giant’s stock after selling 3,110 shares during the period. West Oak Capital LLC’s holdings in Walt Disney were worth $1,122,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Financial Management Network Inc. acquired a new position in Walt Disney during the second quarter worth $720,000. CVA Family Office LLC increased its holdings in Walt Disney by 19.5% during the second quarter. CVA Family Office LLC now owns 2,800 shares of the entertainment giant’s stock worth $264,000 after buying an additional 457 shares during the last quarter. Sound Income Strategies LLC increased its holdings in Walt Disney by 7.0% during the second quarter. Sound Income Strategies LLC now owns 2,188 shares of the entertainment giant’s stock worth $207,000 after buying an additional 144 shares during the last quarter. Woodstock Corp increased its holdings in Walt Disney by 1.3% during the second quarter. Woodstock Corp now owns 88,484 shares of the entertainment giant’s stock worth $8,353,000 after buying an additional 1,152 shares during the last quarter. Finally, Gradient Investments LLC increased its holdings in Walt Disney by 3.7% during the second quarter. Gradient Investments LLC now owns 9,092 shares of the entertainment giant’s stock worth $858,000 after buying an additional 325 shares during the last quarter. 61.37% of the stock is currently owned by institutional investors and hedge funds.
Walt Disney Stock Down 2.3 %
DIS stock opened at $108.25 on Monday. The company has a market cap of $197.35 billion, a PE ratio of 62.94, a price-to-earnings-growth ratio of 1.41 and a beta of 1.20. The business has a 50-day simple moving average of $109.40 and a 200 day simple moving average of $113.92. The Walt Disney Company has a 52 week low of $90.23 and a 52 week high of $185.90. The company has a quick ratio of 0.97, a current ratio of 1.02 and a debt-to-equity ratio of 0.48.
Wall Street Analyst Weigh In
DIS has been the topic of a number of recent analyst reports. Daiwa Capital Markets lowered their target price on shares of Walt Disney from $201.00 to $151.00 and set a “buy” rating on the stock in a report on Tuesday, May 24th. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Walt Disney from $191.00 to $130.00 in a research report on Monday, June 6th. The Goldman Sachs Group lifted their price objective on shares of Walt Disney from $130.00 to $140.00 and gave the stock a “buy” rating in a research report on Thursday, August 11th. KGI Securities started coverage on shares of Walt Disney in a research report on Monday, May 23rd. They set an “outperform” rating and a $145.00 price objective for the company. Finally, Truist Financial reduced their price objective on shares of Walt Disney from $135.00 to $125.00 and set a “buy” rating for the company in a research report on Tuesday, July 26th. Five investment analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $151.48.
Insiders Place Their Bets
In other Walt Disney news, EVP Brent Woodford sold 3,000 shares of the business’s stock in a transaction dated Friday, August 12th. The stock was sold at an average price of $119.03, for a total transaction of $357,090.00. Following the completion of the transaction, the executive vice president now owns 28,624 shares of the company’s stock, valued at $3,407,114.72. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 0.10% of the company’s stock.
About Walt Disney
The Walt Disney Company, together with its subsidiaries, operates as an entertainment company worldwide. It operates through two segments, Disney Media and Entertainment Distribution; and Disney Parks, Experiences and Products. The company engages in the film and episodic television content production and distribution activities, as well as operates television broadcast networks under the ABC, Disney, ESPN, Freeform, FX, Fox, National Geographic, and Star brands; and studios that produces motion pictures under the Walt Disney Pictures, Twentieth Century Studios, Marvel, Lucasfilm, Pixar, and Searchlight Pictures banners.
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