Ignite Planners LLC Has $386,000 Stock Holdings in The Walt Disney Company (NYSE:DIS)

Ignite Planners LLC trimmed its position in shares of The Walt Disney Company (NYSE:DIS) by 5.0% in the 2nd quarter, Holdings Channel.com reports. The fund owned 4,360 shares of the entertainment giant’s stock after selling 230 shares during the quarter. Ignite Planners LLC’s holdings in Walt Disney were worth $386,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the company. Moneta Group Investment Advisors LLC lifted its stake in Walt Disney by 109,924.5% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 23,666,275 shares of the entertainment giant’s stock valued at $2,056,126,000 after acquiring an additional 23,644,765 shares during the last quarter. Norges Bank acquired a new stake in shares of Walt Disney in the 4th quarter valued at $1,433,075,000. Providence Capital Advisors LLC lifted its stake in shares of Walt Disney by 11,064.4% in the 1st quarter. Providence Capital Advisors LLC now owns 10,982,227 shares of the entertainment giant’s stock valued at $109,679,000 after purchasing an additional 10,883,859 shares during the last quarter. Trian Fund Management L.P. bought a new stake in Walt Disney in the fourth quarter worth $784,509,000. Finally, Morgan Stanley increased its position in Walt Disney by 13.5% during the fourth quarter. Morgan Stanley now owns 46,172,567 shares of the entertainment giant’s stock worth $4,011,473,000 after buying an additional 5,499,014 shares during the last quarter. Institutional investors and hedge funds own 61.17% of the company’s stock.

Insiders Place Their Bets

In other news, EVP Sonia L. Coleman sold 959 shares of the firm’s stock in a transaction dated Tuesday, August 1st. The shares were sold at an average price of $89.05, for a total value of $85,398.95. Following the transaction, the executive vice president now owns 961 shares of the company’s stock, valued at approximately $85,577.05. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.10% of the company’s stock.

Analyst Upgrades and Downgrades

DIS has been the subject of several recent analyst reports. Atlantic Securities downgraded Walt Disney from a “neutral” rating to an “underweight” rating and decreased their price target for the stock from $113.00 to $76.00 in a research note on Tuesday, July 25th. Morgan Stanley decreased their target price on Walt Disney from $110.00 to $105.00 and set an “overweight” rating for the company in a research report on Wednesday, July 26th. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Walt Disney from $131.00 to $120.00 in a research note on Tuesday, August 8th. Barclays lowered their target price on shares of Walt Disney from $107.00 to $88.00 in a research note on Wednesday, June 21st. Finally, Rosenblatt Securities boosted their target price on shares of Walt Disney from $102.00 to $104.00 and gave the stock a “buy” rating in a research report on Tuesday, September 12th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and eighteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $114.58.

Walt Disney Stock Down 0.6 %

DIS opened at $85.03 on Tuesday. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.00 and a current ratio of 1.07. The firm’s 50-day simple moving average is $85.78 and its 200-day simple moving average is $91.59. The Walt Disney Company has a twelve month low of $79.75 and a twelve month high of $118.18. The firm has a market cap of $155.58 billion, a price-to-earnings ratio of 69.13, a PEG ratio of 1.72 and a beta of 1.28.

Walt Disney (NYSE:DIS) last released its earnings results on Wednesday, August 9th. The entertainment giant reported $1.03 EPS for the quarter, beating the consensus estimate of $0.99 by $0.04. The company had revenue of $22.33 billion during the quarter, compared to analysts’ expectations of $22.50 billion. Walt Disney had a return on equity of 6.45% and a net margin of 2.56%. The business’s revenue for the quarter was up 3.8% on a year-over-year basis. During the same period last year, the firm earned $1.09 EPS. Equities research analysts anticipate that The Walt Disney Company will post 3.68 EPS for the current fiscal year.

Walt Disney Company 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.