Lebenthal Global Advisors LLC Decreases Holdings in The Walt Disney Company (NYSE:DIS)

Lebenthal Global Advisors LLC trimmed its stake in shares of The Walt Disney Company (NYSE:DISGet Rating) by 26.1% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,701 shares of the entertainment giant’s stock after selling 600 shares during the period. Lebenthal Global Advisors LLC’s holdings in Walt Disney were worth $233,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Roble Belko & Company Inc lifted its holdings in Walt Disney by 96.2% during the first quarter. Roble Belko & Company Inc now owns 206 shares of the entertainment giant’s stock valued at $28,000 after purchasing an additional 101 shares in the last quarter. MBM Wealth Consultants LLC lifted its stake in shares of Walt Disney by 94.7% in the fourth quarter. MBM Wealth Consultants LLC now owns 220 shares of the entertainment giant’s stock worth $34,000 after buying an additional 107 shares in the last quarter. Joseph Group Capital Management purchased a new position in shares of Walt Disney in the fourth quarter worth about $1,573,000. Advanced Research Investment Solutions LLC lifted its stake in shares of Walt Disney by 46.0% in the fourth quarter. Advanced Research Investment Solutions LLC now owns 238 shares of the entertainment giant’s stock worth $36,000 after buying an additional 75 shares in the last quarter. Finally, Rational Advisors LLC lifted its stake in shares of Walt Disney by 74.1% in the first quarter. Rational Advisors LLC now owns 242 shares of the entertainment giant’s stock worth $33,000 after buying an additional 103 shares in the last quarter. 64.17% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Walt Disney

In related news, EVP Brent Woodford sold 3,000 shares of Walt Disney stock in a transaction that occurred on Friday, August 12th. The shares were sold at an average price of $119.03, for a total value of $357,090.00. Following the completion of the transaction, the executive vice president now owns 28,624 shares in the company, valued at $3,407,114.72. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.10% of the company’s stock.

Walt Disney Trading Down 0.1 %

Shares of DIS stock opened at $122.67 on Friday. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.97 and a current ratio of 1.02. The stock has a market capitalization of $223.63 billion, a P/E ratio of 71.32, a price-to-earnings-growth ratio of 1.57 and a beta of 1.24. The company has a 50 day moving average price of $101.93 and a 200 day moving average price of $119.35. The Walt Disney Company has a fifty-two week low of $90.23 and a fifty-two week high of $187.58.

Walt Disney (NYSE:DISGet Rating) last announced its quarterly earnings data on Wednesday, August 10th. The entertainment giant reported $1.09 earnings per share for the quarter, beating analysts’ consensus estimates of $0.99 by $0.10. The firm had revenue of $21.50 billion during the quarter, compared to analysts’ expectations of $21.01 billion. Walt Disney had a net margin of 3.87% and a return on equity of 7.20%. The business’s quarterly revenue was up 26.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.80 earnings per share. Equities research analysts predict that The Walt Disney Company will post 3.93 EPS for the current fiscal year.

Analyst Ratings Changes

Several research firms have recently weighed in on DIS. Wells Fargo & Company raised their price target on shares of Walt Disney from $130.00 to $145.00 and gave the stock an “overweight” rating in a research note on Thursday, August 11th. Daiwa Capital Markets decreased their price target on shares of Walt Disney from $201.00 to $151.00 and set a “buy” rating on the stock in a research note on Tuesday, May 24th. Truist Financial decreased their price target on shares of Walt Disney from $135.00 to $125.00 and set a “buy” rating on the stock in a research note on Tuesday, July 26th. Deutsche Bank Aktiengesellschaft cut their price objective on shares of Walt Disney from $191.00 to $130.00 in a research report on Monday, June 6th. Finally, KeyCorp raised their price objective on shares of Walt Disney from $131.00 to $154.00 and gave the stock an “overweight” rating in a research report on Thursday, August 11th. Five analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $151.48.

Walt Disney Company Profile

(Get Rating)

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 broadcast networks under the ABC, Disney, ESPN, Freeform, FX, Fox, National Geographic, and Star brands; and studios that produces motion pictures under the Walt Disney Pictures, Twentieth Century Studios, Marvel, Lucasfilm, Pixar, and Searchlight Pictures banners.

Further Reading

Institutional Ownership by Quarter for Walt Disney (NYSE:DIS)

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