Avantax Planning Partners Inc. Sells 316 Shares of The Walt Disney Company (NYSE:DIS)

Avantax Planning Partners Inc. lessened its holdings in shares of The Walt Disney Company (NYSE:DIS) by 2.6% during the 4th quarter, HoldingsChannel reports. The firm owned 12,046 shares of the entertainment giant’s stock after selling 316 shares during the period. Avantax Planning Partners Inc.’s holdings in Walt Disney were worth $1,088,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of DIS. Avitas Wealth Management LLC raised its position in Walt Disney by 2.2% in the 4th quarter. Avitas Wealth Management LLC now owns 11,037 shares of the entertainment giant’s stock valued at $997,000 after buying an additional 238 shares during the last quarter. WNY Asset Management LLC raised its position in Walt Disney by 32.8% in the 3rd quarter. WNY Asset Management LLC now owns 9,321 shares of the entertainment giant’s stock valued at $756,000 after buying an additional 2,304 shares during the last quarter. Telos Capital Management Inc. raised its position in Walt Disney by 1.7% in the 4th quarter. Telos Capital Management Inc. now owns 74,767 shares of the entertainment giant’s stock valued at $6,751,000 after buying an additional 1,236 shares during the last quarter. Stelac Advisory Services LLC raised its position in Walt Disney by 7.7% in the 3rd quarter. Stelac Advisory Services LLC now owns 68,909 shares of the entertainment giant’s stock valued at $5,598,000 after buying an additional 4,915 shares during the last quarter. Finally, Howard Capital Management Group LLC increased its position in shares of Walt Disney by 1.8% during the 4th quarter. Howard Capital Management Group LLC now owns 213,601 shares of the entertainment giant’s stock worth $19,286,000 after purchasing an additional 3,716 shares during the last quarter. Institutional investors own 65.71% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently weighed in on DIS. Loop Capital upped their target price on Walt Disney from $113.00 to $140.00 and gave the company a “buy” rating in a research report on Monday, May 6th. Needham & Company LLC reiterated a “buy” rating and set a $145.00 target price on shares of Walt Disney in a research report on Tuesday, May 7th. Bank of America upped their target price on Walt Disney from $130.00 to $145.00 and gave the company a “buy” rating in a research report on Monday, April 1st. UBS Group cut their target price on Walt Disney from $140.00 to $130.00 and set a “buy” rating for the company in a research report on Wednesday, May 8th. Finally, Wells Fargo & Company upped their target price on Walt Disney from $128.00 to $141.00 and gave the company an “overweight” rating in a research report on Tuesday, April 23rd. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and twenty-three have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $125.52.

Walt Disney Trading Up 0.9 %

Shares of DIS stock traded up $0.94 on Friday, hitting $101.60. The company had a trading volume of 4,020,697 shares, compared to its average volume of 11,912,812. The firm has a market cap of $185.22 billion, a P/E ratio of 110.45, a P/E/G ratio of 1.28 and a beta of 1.40. The stock’s 50-day moving average is $112.72 and its two-hundred day moving average is $102.79. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.69 and a current ratio of 0.75. The Walt Disney Company has a twelve month low of $78.73 and a twelve month high of $123.74.

Walt Disney (NYSE:DIS) last issued its quarterly earnings results on Tuesday, May 7th. The entertainment giant reported $1.21 earnings per share for the quarter, beating the consensus estimate of $1.12 by $0.09. The company had revenue of $22.08 billion during the quarter, compared to analysts’ expectations of $22.12 billion. Walt Disney had a return on equity of 8.37% and a net margin of 1.90%. The business’s quarterly revenue was up 1.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.93 earnings per share. On average, equities research analysts anticipate that The Walt Disney Company will post 4.76 earnings per share for the current fiscal year.

Insider Activity at Walt Disney

In related news, EVP Sonia L. Coleman sold 1,857 shares of the company’s stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $121.92, for a total transaction of $226,405.44. Following the sale, the executive vice president now owns 4,400 shares in the company, valued at approximately $536,448. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, Director James P. Gorman purchased 20,000 shares of the business’s stock in a transaction on Wednesday, May 8th. The shares were acquired at an average price of $106.03 per share, for a total transaction of $2,120,600.00. Following the completion of the acquisition, the director now owns 20,467 shares in the company, valued at $2,170,116.01. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Sonia L. Coleman sold 1,857 shares of the stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $121.92, for a total value of $226,405.44. Following the completion of the transaction, the executive vice president now owns 4,400 shares in the company, valued at approximately $536,448. The disclosure for this sale can be found here. 0.10% of the stock is owned by corporate insiders.

Walt Disney Company 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.