The Walt Disney Company (NYSE:DIS) Shares Sold by Grand Central Investment Group

Grand Central Investment Group decreased its position in shares of The Walt Disney Company (NYSE:DISGet Rating) by 82.7% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,496 shares of the entertainment giant’s stock after selling 11,940 shares during the period. Grand Central Investment Group’s holdings in Walt Disney were worth $236,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Clear Perspectives Financial Planning LLC increased its holdings in shares of Walt Disney by 126.3% in the first quarter. Clear Perspectives Financial Planning LLC now owns 181 shares of the entertainment giant’s stock valued at $25,000 after purchasing an additional 101 shares during the period. Roble Belko & Company Inc grew its holdings in Walt Disney by 96.2% during the first quarter. Roble Belko & Company Inc now owns 206 shares of the entertainment giant’s stock worth $28,000 after acquiring an additional 101 shares during the period. Worth Asset Management LLC acquired a new position in Walt Disney during the first quarter worth $29,000. Rational Advisors LLC boosted its position in Walt Disney by 74.1% during the first quarter. Rational Advisors LLC now owns 242 shares of the entertainment giant’s stock worth $33,000 after purchasing an additional 103 shares in the last quarter. Finally, MBM Wealth Consultants LLC boosted its position in Walt Disney by 94.7% during the fourth quarter. MBM Wealth Consultants LLC now owns 220 shares of the entertainment giant’s stock worth $34,000 after purchasing an additional 107 shares in the last quarter. Institutional investors and hedge funds own 61.37% of the company’s stock.

Wall Street Analysts Forecast Growth

DIS has been the topic of several recent research reports. Moffett Nathanson reduced their price objective on Walt Disney to $120.00 in a research report on Friday, July 22nd. Wells Fargo & Company upped their target price on Walt Disney from $130.00 to $145.00 and gave the company an “overweight” rating in a research note on Thursday, August 11th. Wolfe Research dropped their target price on Walt Disney from $211.00 to $128.00 and set an “outperform” rating for the company in a research note on Thursday, June 2nd. StockNews.com upgraded Walt Disney from a “sell” rating to a “hold” rating in a research note on Thursday, August 11th. Finally, Barclays dropped their price target on Walt Disney from $130.00 to $120.00 and set an “equal weight” rating for the company in a research note on Thursday, July 14th. Five analysts have rated the stock with a hold rating and twenty have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $151.48.

Insiders Place Their Bets

In other Walt Disney news, EVP Brent Woodford sold 3,000 shares of the stock in a transaction that occurred on Friday, August 12th. The stock was sold at an average price of $119.03, for a total transaction of $357,090.00. Following the transaction, the executive vice president now owns 28,624 shares of the company’s stock, valued at approximately $3,407,114.72. The transaction was disclosed in a document filed with the SEC, which is available at this link. 0.10% of the stock is currently owned by company insiders.

Walt Disney Trading Down 2.2 %

NYSE:DIS opened at $102.16 on Friday. The company has a quick ratio of 0.97, a current ratio of 1.02 and a debt-to-equity ratio of 0.48. The business’s 50 day moving average is $110.43 and its two-hundred day moving average is $113.15. The Walt Disney Company has a 52 week low of $90.23 and a 52 week high of $179.63. The company has a market cap of $186.24 billion, a PE ratio of 59.40, a P/E/G ratio of 1.40 and a beta of 1.20.

Walt Disney (NYSE:DISGet Rating) last released its earnings results on Wednesday, August 10th. The entertainment giant reported $1.09 EPS for the quarter, topping analysts’ consensus estimates of $0.99 by $0.10. Walt Disney had a return on equity of 7.20% and a net margin of 3.87%. The company had revenue of $21.50 billion for the quarter, compared to the consensus estimate of $21.01 billion. During the same quarter last year, the business posted $0.80 EPS. Walt Disney’s quarterly revenue was up 26.5% compared to the same quarter last year. On average, analysts predict that The Walt Disney Company will post 3.85 EPS for the current year.

About Walt Disney

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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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