The Walt Disney Company (NYSE:DIS) Shares Sold by Ignite Planners LLC

Ignite Planners LLC lowered its stake in shares of The Walt Disney Company (NYSE:DIS) by 5.0% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 4,360 shares of the entertainment giant’s stock after selling 230 shares during the quarter. Ignite Planners LLC’s holdings in Walt Disney were worth $386,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. WJ Wealth Management LLC purchased a new position in shares of Walt Disney during the second quarter worth approximately $259,000. Buckley Wealth Management LLC boosted its stake in Walt Disney by 24.2% during the 2nd quarter. Buckley Wealth Management LLC now owns 3,066 shares of the entertainment giant’s stock worth $274,000 after purchasing an additional 597 shares during the period. 180 Wealth Advisors LLC grew its position in Walt Disney by 6.9% during the 2nd quarter. 180 Wealth Advisors LLC now owns 13,596 shares of the entertainment giant’s stock worth $1,230,000 after purchasing an additional 881 shares during the last quarter. Thrive Wealth Management LLC increased its stake in Walt Disney by 24.3% in the second quarter. Thrive Wealth Management LLC now owns 4,092 shares of the entertainment giant’s stock valued at $365,000 after purchasing an additional 799 shares during the period. Finally, LifePro Asset Management purchased a new stake in shares of Walt Disney in the second quarter valued at about $409,000. Institutional investors and hedge funds own 61.17% of the company’s stock.

Insider Activity at Walt Disney

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

Walt Disney Stock Performance

Shares of DIS opened at $85.03 on Tuesday. The Walt Disney Company has a 12-month low of $79.75 and a 12-month high of $118.18. The stock has a market cap of $155.58 billion, a P/E ratio of 69.13, a PEG ratio of 1.72 and a beta of 1.28. The company has a current ratio of 1.07, a quick ratio of 1.00 and a debt-to-equity ratio of 0.44. The company has a 50-day moving average of $85.78 and a two-hundred day moving average of $91.59.

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

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the company. Barclays lowered their price target on Walt Disney from $107.00 to $88.00 in a report on Wednesday, June 21st. Rosenblatt Securities boosted their target price on Walt Disney from $102.00 to $104.00 and gave the company a “buy” rating in a report on Tuesday, September 12th. Citigroup decreased their price target on Walt Disney from $125.00 to $120.00 and set a “buy” rating for the company in a report on Wednesday, August 16th. StockNews.com started coverage on shares of Walt Disney in a research note on Thursday, August 17th. They issued a “sell” rating on the stock. Finally, Atlantic Securities cut shares of Walt Disney from a “neutral” rating to an “underweight” rating and reduced their target price for the stock from $113.00 to $76.00 in a research note on Tuesday, July 25th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and eighteen have given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $114.58.

Walt Disney Company Profile

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.