Optas LLC Sells 264 Shares of The Walt Disney Company (NYSE:DIS)

Optas LLC lessened its stake in shares of The Walt Disney Company (NYSE:DIS) by 5.9% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,208 shares of the entertainment giant’s stock after selling 264 shares during the quarter. Optas LLC’s holdings in Walt Disney were worth $418,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. Norges Bank bought a new position in Walt Disney during the 4th quarter valued at about $1,938,647,000. Jennison Associates LLC bought a new position in shares of Walt Disney in the first quarter valued at approximately $1,490,492,000. Capital World Investors grew its position in Walt Disney by 3,332.4% during the 1st quarter. Capital World Investors now owns 6,267,593 shares of the entertainment giant’s stock worth $766,903,000 after acquiring an additional 6,084,993 shares during the last quarter. ValueAct Holdings L.P. acquired a new stake in Walt Disney during the 4th quarter valued at $459,245,000. Finally, Swedbank AB bought a new position in Walt Disney in the 1st quarter valued at $493,715,000. Institutional investors and hedge funds own 65.71% of the company’s stock.

Walt Disney Stock Up 0.7 %

Shares of NYSE DIS traded up $0.64 during mid-day trading on Friday, reaching $90.56. 7,369,239 shares of the company’s stock were exchanged, compared to its average volume of 11,574,595. The Walt Disney Company has a twelve month low of $78.73 and a twelve month high of $123.74. The company has a current ratio of 0.75, a quick ratio of 0.69 and a debt-to-equity ratio of 0.38. The firm has a market capitalization of $165.09 billion, a price-to-earnings ratio of 98.43, a PEG ratio of 1.15 and a beta of 1.40. The business has a fifty day simple moving average of $94.36 and a 200 day simple moving average of $104.59.

Walt Disney (NYSE:DIS) last announced its earnings results on Wednesday, August 7th. The entertainment giant reported $1.39 EPS for the quarter, topping the consensus estimate of $1.20 by $0.19. Walt Disney had a net margin of 1.90% and a return on equity of 8.37%. The firm had revenue of $23.20 billion for the quarter, compared to the consensus estimate of $23.08 billion. During the same period last year, the company posted $1.03 EPS. The business’s quarterly revenue was up 3.9% on a year-over-year basis. As a group, equities analysts expect that The Walt Disney Company will post 4.77 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on DIS. JPMorgan Chase & Co. decreased their target price on Walt Disney from $135.00 to $125.00 and set an “overweight” rating on the stock in a report on Thursday, August 8th. Raymond James lowered their price objective on shares of Walt Disney from $123.00 to $101.00 and set an “outperform” rating for the company in a research report on Thursday, August 8th. Wells Fargo & Company lowered their price target on shares of Walt Disney from $136.00 to $116.00 and set an “overweight” rating for the company in a report on Thursday, August 8th. Barclays reduced their price objective on Walt Disney from $130.00 to $105.00 and set an “overweight” rating on the stock in a report on Thursday, August 8th. Finally, Moffett Nathanson lowered their target price on Walt Disney from $130.00 to $125.00 and set a “buy” rating for the company in a research note on Tuesday, July 2nd. Three investment analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $117.95.

Insiders Place Their Bets

In other news, Director Calvin Mcdonald purchased 11,756 shares of the business’s stock in a transaction dated Thursday, August 8th. The shares were bought at an average cost of $85.06 per share, for a total transaction of $999,965.36. Following the completion of the acquisition, the director now directly owns 22,313 shares in the company, valued at approximately $1,897,943.78. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 0.10% of the company’s stock.

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.