Butensky & Cohen Financial Security Inc. Trims Stake in The Walt Disney Company (NYSE:DIS)

Butensky & Cohen Financial Security Inc. reduced its position in The Walt Disney Company (NYSE:DIS) by 2.6% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 25,780 shares of the entertainment giant’s stock after selling 692 shares during the period. Butensky & Cohen Financial Security Inc.’s holdings in Walt Disney were worth $2,302,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Dark Forest Capital Management LP purchased a new stake in Walt Disney during the 1st quarter valued at approximately $28,000. Worth Asset Management LLC purchased a new stake in Walt Disney during the 1st quarter valued at approximately $29,000. MBM Wealth Consultants LLC raised its stake in Walt Disney by 197.6% during the 4th quarter. MBM Wealth Consultants LLC now owns 366 shares of the entertainment giant’s stock valued at $33,000 after acquiring an additional 243 shares during the last quarter. Silicon Valley Capital Partners purchased a new stake in Walt Disney during the 4th quarter valued at approximately $35,000. Finally, Fortis Capital Advisors LLC purchased a new stake in Walt Disney during the 4th quarter valued at approximately $39,000. 61.17% of the stock is owned by hedge funds and other institutional investors.

Walt Disney Trading Down 0.6 %

Shares of Walt Disney stock opened at $85.03 on Tuesday. The Walt Disney Company has a fifty-two week low of $79.75 and a fifty-two week high of $118.18. The firm has a market cap of $155.58 billion, a PE ratio of 69.13, a P/E/G ratio of 1.72 and a beta of 1.28. The business’s fifty day moving average is $85.78 and its two-hundred day moving average is $91.59. The company has a quick ratio of 1.00, a current ratio of 1.07 and a debt-to-equity ratio of 0.44.

Walt Disney (NYSE:DIS) last issued its quarterly earnings results on Wednesday, August 9th. The entertainment giant reported $1.03 earnings per share for the quarter, topping analysts’ consensus estimates of $0.99 by $0.04. Walt Disney had a return on equity of 6.45% and a net margin of 2.56%. The company had revenue of $22.33 billion for the quarter, compared to analyst estimates of $22.50 billion. During the same quarter in the prior year, the company posted $1.09 EPS. The business’s revenue for the quarter was up 3.8% compared to the same quarter last year. Analysts anticipate that The Walt Disney Company will post 3.68 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the company. Rosenblatt Securities boosted their target price on Walt Disney from $102.00 to $104.00 and gave the stock a “buy” rating in a research report on Tuesday, September 12th. Morgan Stanley dropped their target price on Walt Disney from $110.00 to $105.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 26th. Barclays dropped their target price on Walt Disney from $107.00 to $88.00 in a research report on Wednesday, June 21st. KeyCorp dropped their target price on Walt Disney from $120.00 to $107.00 and set an “overweight” rating on the stock in a research report on Thursday, May 25th. Finally, Raymond James assumed coverage on Walt Disney in a research report on Monday. They set an “outperform” rating and a $97.00 target price on the stock. Two research analysts have rated the stock with a sell rating, three have given a hold rating and eighteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Walt Disney has a consensus rating of “Moderate Buy” and a consensus target price of $114.58.

Insiders Place Their Bets

In related news, EVP Sonia L. Coleman sold 959 shares of the stock in a transaction on Tuesday, August 1st. The stock was sold at an average price of $89.05, for a total value of $85,398.95. Following the transaction, the executive vice president now directly owns 961 shares of the company’s stock, valued at approximately $85,577.05. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.10% of the company’s stock.

Walt Disney Profile

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