Proficio Capital Partners LLC Sells 689 Shares of The Walt Disney Company (NYSE:DIS)

Proficio Capital Partners LLC reduced its position in shares of The Walt Disney Company (NYSE:DIS) by 3.9% in the first quarter, HoldingsChannel reports. The firm owned 16,940 shares of the entertainment giant’s stock after selling 689 shares during the quarter. Proficio Capital Partners LLC’s holdings in Walt Disney were worth $2,073,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in DIS. Planned Solutions Inc. purchased a new position in Walt Disney during the 4th quarter valued at approximately $26,000. Gold Investment Management Ltd. purchased a new stake in Walt Disney in the 4th quarter worth about $28,000. Fortis Group Advisors LLC bought a new stake in Walt Disney in the third quarter worth about $30,000. Stone House Investment Management LLC boosted its position in shares of Walt Disney by 355.3% during the fourth quarter. Stone House Investment Management LLC now owns 346 shares of the entertainment giant’s stock valued at $31,000 after buying an additional 270 shares during the period. Finally, Partnership Wealth Management LLC bought a new position in shares of Walt Disney during the fourth quarter valued at approximately $33,000. 65.71% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

DIS has been the topic of a number of recent analyst reports. Raymond James increased their target price on Walt Disney from $112.00 to $128.00 and gave the stock an “outperform” rating in a research note on Tuesday, March 26th. Wells Fargo & Company lifted their price target on shares of Walt Disney from $128.00 to $141.00 and gave the company an “overweight” rating in a research note on Tuesday, April 23rd. Macquarie raised their price objective on Walt Disney from $104.00 to $107.00 and gave the stock a “neutral” rating in a report on Monday, May 13th. Daiwa Capital Markets reissued a “buy” rating and set a $133.00 price target on shares of Walt Disney in a research report on Monday, April 1st. Finally, Rosenblatt Securities lifted their price objective on Walt Disney from $129.00 to $137.00 and gave the company a “buy” rating in a report on Tuesday, April 2nd. One investment analyst has rated the stock with a sell rating, three have given a hold rating and twenty-three have assigned a buy rating to the company. According to MarketBeat, Walt Disney currently has an average rating of “Moderate Buy” and a consensus price target of $126.44.

Walt Disney Stock Performance

Shares of Walt Disney stock traded down $0.31 on Tuesday, reaching $97.06. 9,044,953 shares of the stock were exchanged, compared to its average volume of 11,414,588. The business has a 50 day moving average price of $102.71 and a two-hundred day moving average price of $105.01. The firm has a market capitalization of $176.94 billion, a price-to-earnings ratio of 105.50, a PEG ratio of 1.22 and a beta of 1.40. The Walt Disney Company has a twelve month low of $78.73 and a twelve month high of $123.74. The company has a quick ratio of 0.69, a current ratio of 0.75 and a debt-to-equity ratio of 0.38.

Walt Disney (NYSE:DIS) last released its quarterly earnings data on Tuesday, May 7th. The entertainment giant reported $1.21 EPS for the quarter, beating the consensus estimate of $1.12 by $0.09. Walt Disney had a net margin of 1.90% and a return on equity of 8.37%. The business had revenue of $22.08 billion for the quarter, compared to the consensus estimate of $22.12 billion. During the same period in the prior year, the firm earned $0.93 EPS. The business’s revenue for the quarter was up 1.2% on a year-over-year basis. Analysts anticipate that The Walt Disney Company will post 4.75 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, Director James P. Gorman purchased 20,000 shares of Walt Disney stock in a transaction that occurred on Wednesday, May 8th. The stock was bought at an average cost of $106.03 per share, for a total transaction of $2,120,600.00. Following the completion of the transaction, the director now owns 20,467 shares in the company, valued at $2,170,116.01. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, Director James P. Gorman purchased 20,000 shares of the stock in a transaction that occurred on Wednesday, May 8th. The shares were purchased at an average cost of $106.03 per share, with a total value of $2,120,600.00. Following the completion of the acquisition, the director now owns 20,467 shares of the company’s stock, valued at approximately $2,170,116.01. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Sonia L. Coleman sold 4,400 shares of Walt Disney stock in a transaction on Thursday, May 9th. The shares were sold at an average price of $106.00, for a total transaction of $466,400.00. The disclosure for this sale can be found here. 0.10% of the stock is owned by insiders.

Walt Disney Profile

The Walt Disney Company operates as an entertainment company worldwide. It operates through three segments: Entertainment, Sports, and Experiences. The company produces and distributes film and television video streaming content under the ABC Television Network, Disney, Freeform, FX, Fox, National Geographic, and Star brand television channels, as well as ABC television stations and A+E television networks; and produces original content under the ABC Signature, Disney Branded Television, FX Productions, Lucasfilm, Marvel, National Geographic Studios, Pixar, Searchlight Pictures, Twentieth Century Studios, 20th Television, and Walt Disney Pictures banners.