Wambolt & Associates LLC Has $344,000 Stock Holdings in The Walt Disney Company (NYSE:DIS)

Wambolt & Associates LLC trimmed its position in shares of The Walt Disney Company (NYSE:DIS – Free Report) by 7.8% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,851 shares of the entertainment giant’s stock after selling 324 shares during the quarter. Wambolt & Associates LLC’s holdings in Walt Disney were worth $344,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the company. Bank Julius Baer & Co. Ltd Zurich lifted its stake in shares of Walt Disney by 102,919.5% in the second quarter. Bank Julius Baer & Co. Ltd Zurich now owns 458,556,073 shares of the entertainment giant’s stock worth $40,939,886,000 after acquiring an additional 458,110,957 shares during the period. Morgan Stanley lifted its stake in shares of Walt Disney by 13.5% in the fourth quarter. Morgan Stanley now owns 46,172,567 shares of the entertainment giant’s stock worth $4,011,473,000 after acquiring an additional 5,499,014 shares during the period. Geode Capital Management LLC lifted its stake in shares of Walt Disney by 2.1% in the first quarter. Geode Capital Management LLC now owns 32,495,462 shares of the entertainment giant’s stock worth $3,245,185,000 after acquiring an additional 671,806 shares during the period. Moneta Group Investment Advisors LLC lifted its stake in shares of Walt Disney by 109,924.5% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 23,666,275 shares of the entertainment giant’s stock worth $2,056,126,000 after acquiring an additional 23,644,765 shares during the period. Finally, Norges Bank acquired a new position in shares of Walt Disney in the fourth quarter worth approximately $1,433,075,000. 61.17% of the stock is owned by institutional investors and hedge funds.

Walt Disney Trading Down 2.4 %

Shares of Walt Disney stock opened at $80.59 on Thursday. The stock has a fifty day simple moving average of $83.02 and a 200 day simple moving average of $88.83. The Walt Disney Company has a 12-month low of $78.73 and a 12-month high of $118.18. The company has a market capitalization of $147.46 billion, a P/E ratio of 65.52, a price-to-earnings-growth ratio of 1.25 and a beta of 1.27. The company has a current ratio of 1.07, a quick ratio of 1.00 and a debt-to-equity ratio of 0.44.

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Walt Disney (NYSE:DIS – Get Free Report) last announced its quarterly earnings results on Wednesday, August 9th. The entertainment giant reported $1.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.99 by $0.04. Walt Disney had a return on equity of 6.45% and a net margin of 2.56%. The business had revenue of $22.33 billion during the quarter, compared to the consensus estimate of $22.50 billion. During the same quarter in the prior year, the company posted $1.09 earnings per share. Walt Disney’s revenue was up 3.8% compared to the same quarter last year. On average, sell-side analysts anticipate that The Walt Disney Company will post 3.66 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, EVP Sonia L. Coleman sold 959 shares of the company’s stock in a transaction on Tuesday, August 1st. The stock was sold at an average price of $89.05, for a total transaction of $85,398.95. Following the completion of the sale, the executive vice president now owns 961 shares in the company, valued at $85,577.05. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.10% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

DIS has been the topic of a number of recent analyst reports. StockNews.com initiated coverage on Walt Disney in a research note on Thursday, October 5th. They issued a “sell” rating on the stock. Truist Financial reissued a “buy” rating and issued a $105.00 price target on shares of Walt Disney in a research note on Tuesday, September 19th. Raymond James initiated coverage on Walt Disney in a research note on Monday, September 18th. They issued an “outperform” rating and a $97.00 price target on the stock. Seaport Res Ptn reissued a “buy” rating on shares of Walt Disney in a research note on Friday, October 6th. Finally, JPMorgan Chase & Co. dropped their price target on Walt Disney from $125.00 to $120.00 and set an “overweight” rating on the stock in a research note on Tuesday, October 10th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and twenty have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Walt Disney has a consensus rating of “Moderate Buy” and an average target price of $111.40.

View Our Latest Stock Report on Walt Disney

About Walt Disney

(Free Report)

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 networks under the ABC, Disney, ESPN, Freeform, FX, Fox, National Geographic, and Star brands; and studios that produces films under the Walt Disney Pictures, Twentieth Century Studios, Marvel, Lucasfilm, Pixar, and Searchlight Pictures banners.