The Walt Disney Company (NYSE:DIS) Shares Sold by PAX Financial Group LLC

PAX Financial Group LLC reduced its holdings in The Walt Disney Company (NYSE:DIS – Get Rating) by 5.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,813 shares of the entertainment giant’s stock after selling 328 shares during the quarter. PAX Financial Group LLC’s holdings in Walt Disney were worth $505,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Worth Asset Management LLC acquired a new stake in shares of Walt Disney in the 1st quarter valued at approximately $29,000. NewSquare Capital LLC lifted its holdings in shares of Walt Disney by 805.9% in the 4th quarter. NewSquare Capital LLC now owns 308 shares of the entertainment giant’s stock valued at $27,000 after buying an additional 274 shares during the period. TD Capital Management LLC acquired a new stake in shares of Walt Disney in the 3rd quarter valued at approximately $29,000. Luken Investment Analytics LLC acquired a new stake in shares of Walt Disney in the 4th quarter valued at approximately $29,000. Finally, Horizon Bancorp Inc. IN acquired a new stake in shares of Walt Disney in the 4th quarter valued at approximately $46,000. 62.22% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Walt Disney

In other Walt Disney news, EVP Brent Woodford sold 1,145 shares of the business’s stock in a transaction dated Tuesday, April 25th. The stock was sold at an average price of $99.16, for a total transaction of $113,538.20. Following the completion of the sale, the executive vice president now owns 29,138 shares of the company’s stock, valued at $2,889,324.08. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.10% of the stock is owned by company insiders.

Walt Disney Trading Up 1.0 %

Shares of NYSE:DIS traded up $0.88 during midday trading on Friday, reaching $89.02. The company’s stock had a trading volume of 2,638,270 shares, compared to its average volume of 11,218,858. The firm has a market cap of $162.67 billion, a price-to-earnings ratio of 39.17, a price-to-earnings-growth ratio of 1.95 and a beta of 1.29. The company has a quick ratio of 0.94, a current ratio of 1.01 and a debt-to-equity ratio of 0.44. The Walt Disney Company has a 1 year low of $84.07 and a 1 year high of $126.48. The business has a 50 day moving average price of $97.21 and a 200 day moving average price of $97.65.

Walt Disney (NYSE:DIS – Get Rating) last announced its quarterly earnings data on Wednesday, May 10th. The entertainment giant reported $0.93 EPS for the quarter, beating analysts’ consensus estimates of $0.89 by $0.04. Walt Disney had a return on equity of 6.41% and a net margin of 4.74%. The business had revenue of $21.82 billion during the quarter, compared to the consensus estimate of $21.82 billion. During the same quarter in the previous year, the business earned $1.08 earnings per share. Research analysts forecast that The Walt Disney Company will post 3.84 EPS for the current year.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on DIS. The Goldman Sachs Group lifted their price objective on Walt Disney from $119.00 to $136.00 and gave the stock a “buy” rating in a report on Thursday, February 9th. StockNews.com began coverage on Walt Disney in a report on Thursday, May 18th. They set a “sell” rating for the company. Wells Fargo & Company lifted their price objective on Walt Disney from $141.00 to $147.00 in a report on Monday, April 24th. Rosenblatt Securities lifted their price objective on Walt Disney from $120.00 to $129.00 and gave the stock a “buy” rating in a report on Thursday, February 9th. Finally, Macquarie cut Walt Disney from an “outperform” rating to a “neutral” rating and reduced their price objective for the stock from $125.00 to $103.00 in a report on Friday, May 19th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and sixteen have issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $124.65.

About Walt Disney

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The Walt Disney Co is a diversified international family entertainment and media enterprise. It operates through the following segments: Disney Media and Entertainment Distribution (DMED) and Disney Parks, Experiences and Products (DPEP). The DMED segment encompasses the company’s global film and episodic television content production and distribution activities.