Regal Investment Advisors LLC Reduces Position in The Walt Disney Company (NYSE:DIS)

Regal Investment Advisors LLC lessened its holdings in shares of The Walt Disney Company (NYSE:DISGet Rating) by 3.0% during the 1st quarter, HoldingsChannel reports. The fund owned 27,585 shares of the entertainment giant’s stock after selling 865 shares during the quarter. Regal Investment Advisors LLC’s holdings in Walt Disney were worth $3,784,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also modified their holdings of the company. First American Trust FSB boosted its stake in shares of Walt Disney by 7.3% during the 1st quarter. First American Trust FSB now owns 41,833 shares of the entertainment giant’s stock worth $5,737,000 after acquiring an additional 2,852 shares during the last quarter. Northwest Investment Counselors LLC boosted its stake in shares of Walt Disney by 1.0% during the 1st quarter. Northwest Investment Counselors LLC now owns 23,992 shares of the entertainment giant’s stock worth $3,291,000 after acquiring an additional 237 shares during the last quarter. Marietta Wealth Management LLC boosted its stake in shares of Walt Disney by 9.3% during the 1st quarter. Marietta Wealth Management LLC now owns 53,573 shares of the entertainment giant’s stock worth $7,348,000 after acquiring an additional 4,566 shares during the last quarter. Alta Capital Management LLC boosted its stake in shares of Walt Disney by 4.0% during the 1st quarter. Alta Capital Management LLC now owns 417,909 shares of the entertainment giant’s stock worth $57,320,000 after acquiring an additional 16,232 shares during the last quarter. Finally, First PREMIER Bank lifted its stake in shares of Walt Disney by 3.3% during the 1st quarter. First PREMIER Bank now owns 7,929 shares of the entertainment giant’s stock valued at $1,088,000 after buying an additional 250 shares in the last quarter. Hedge funds and other institutional investors own 64.17% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the stock. Rosenblatt Securities assumed coverage on shares of Walt Disney in a research note on Tuesday, April 19th. They set a “buy” rating and a $177.00 target price on the stock. Wolfe Research lowered their target price on shares of Walt Disney from $211.00 to $128.00 and set an “outperform” rating on the stock in a research note on Thursday, June 2nd. Barclays lowered their target price on shares of Walt Disney from $130.00 to $120.00 and set an “equal weight” rating on the stock in a research note on Thursday, July 14th. StockNews.com cut shares of Walt Disney from a “hold” rating to a “sell” rating in a research note on Thursday, June 2nd. Finally, Royal Bank of Canada lowered their target price on shares of Walt Disney from $210.00 to $176.00 in a research note on Thursday, May 12th. One analyst has rated the stock with a sell rating, five have given a hold rating and nineteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, Walt Disney currently has a consensus rating of “Moderate Buy” and a consensus price target of $154.28.

Walt Disney Stock Performance

Walt Disney stock opened at $106.63 on Friday. The company’s 50-day moving average price is $100.15 and its 200-day moving average price is $120.77. The Walt Disney Company has a twelve month low of $90.23 and a twelve month high of $187.58. The company has a quick ratio of 1.01, a current ratio of 1.06 and a debt-to-equity ratio of 0.49. The company has a market cap of $194.13 billion, a PE ratio of 73.54, a price-to-earnings-growth ratio of 1.30 and a beta of 1.24.

Walt Disney (NYSE:DISGet Rating) last posted its earnings results on Wednesday, May 11th. The entertainment giant reported $1.08 earnings per share for the quarter, missing analysts’ consensus estimates of $1.20 by ($0.12). Walt Disney had a return on equity of 6.87% and a net margin of 3.46%. The business had revenue of $19.25 billion during the quarter, compared to the consensus estimate of $20.25 billion. During the same quarter last year, the firm earned $0.79 earnings per share. On average, equities research analysts forecast that The Walt Disney Company will post 3.93 EPS for the current fiscal year.

About Walt Disney

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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.

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

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