Butensky & Cohen Financial Security Inc. Sells 692 Shares of The Walt Disney Company (NYSE:DIS)

Butensky & Cohen Financial Security Inc. lessened its holdings in shares of The Walt Disney Company (NYSE:DIS) by 2.6% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 25,780 shares of the entertainment giant’s stock after selling 692 shares during the quarter. Butensky & Cohen Financial Security Inc.’s holdings in Walt Disney were worth $2,302,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in DIS. GW Henssler & Associates Ltd. grew its holdings in Walt Disney by 2.0% during the 1st quarter. GW Henssler & Associates Ltd. now owns 6,825 shares of the entertainment giant’s stock valued at $683,000 after buying an additional 133 shares in the last quarter. Ridgewood Investments LLC grew its holdings in Walt Disney by 31.0% during the 1st quarter. Ridgewood Investments LLC now owns 6,522 shares of the entertainment giant’s stock valued at $653,000 after buying an additional 1,544 shares in the last quarter. Handelsbanken Fonder AB grew its holdings in Walt Disney by 6.5% during the 1st quarter. Handelsbanken Fonder AB now owns 454,608 shares of the entertainment giant’s stock valued at $45,520,000 after buying an additional 27,767 shares in the last quarter. Regal Partners Ltd purchased a new position in Walt Disney during the 4th quarter valued at approximately $28,203,000. Finally, Summit Place Financial Advisors LLC grew its holdings in Walt Disney by 2.0% during the 1st quarter. Summit Place Financial Advisors LLC now owns 27,634 shares of the entertainment giant’s stock valued at $2,767,000 after buying an additional 551 shares in the last quarter. Institutional investors own 61.17% of the company’s stock.

Walt Disney Trading Down 0.6 %

Shares of NYSE DIS opened at $85.03 on Tuesday. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.07 and a quick ratio of 1.00. The stock has a market capitalization of $155.58 billion, a P/E ratio of 69.13, a price-to-earnings-growth ratio of 1.72 and a beta of 1.28. The Walt Disney Company has a 1-year low of $79.75 and a 1-year high of $118.18. The business has a fifty day moving average price of $85.78 and a 200 day moving average price of $91.59.

Walt Disney (NYSE:DIS) last issued its quarterly earnings data on Wednesday, August 9th. The entertainment giant reported $1.03 earnings per share for the quarter, topping analysts’ consensus estimates of $0.99 by $0.04. The firm had revenue of $22.33 billion during the quarter, compared to analysts’ expectations of $22.50 billion. Walt Disney had a return on equity of 6.45% and a net margin of 2.56%. The firm’s quarterly revenue was up 3.8% on a year-over-year basis. During the same period in the prior year, the business posted $1.09 EPS. Equities research analysts expect that The Walt Disney Company will post 3.68 EPS for the current fiscal year.

Insider Buying and Selling

In other Walt Disney news, EVP Sonia L. Coleman sold 959 shares of the stock in a transaction dated Tuesday, August 1st. The stock was sold at an average price of $89.05, for a total value of $85,398.95. Following the completion of the sale, the executive vice president now directly owns 961 shares in the company, valued at $85,577.05. 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.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on DIS shares. Loop Capital dropped their target price on Walt Disney from $120.00 to $110.00 in a report on Monday, June 26th. Truist Financial reiterated a “buy” rating and issued a $105.00 target price on shares of Walt Disney in a report on Monday, August 21st. Atlantic Securities cut Walt Disney from a “neutral” rating to an “underweight” rating and dropped their target price for the stock from $113.00 to $76.00 in a report on Tuesday, July 25th. Deutsche Bank Aktiengesellschaft dropped their target price on Walt Disney from $131.00 to $120.00 in a report on Tuesday, August 8th. Finally, Rosenblatt Securities upped their price objective on Walt Disney from $102.00 to $104.00 and gave the company a “buy” rating in a research report on Tuesday, September 12th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and eighteen have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $114.58.

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 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.