Y.D. More Investments Ltd Decreases Stock Holdings in The Walt Disney Company (NYSE:DIS)

Y.D. More Investments Ltd lowered its holdings in The Walt Disney Company (NYSE:DIS) by 14.7% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 9,346 shares of the entertainment giant’s stock after selling 1,606 shares during the period. Y.D. More Investments Ltd’s holdings in Walt Disney were worth $834,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. Dark Forest Capital Management LP purchased a new stake in Walt Disney in the first quarter worth $28,000. Worth Asset Management LLC purchased a new stake in Walt Disney in the 1st quarter worth about $29,000. MBM Wealth Consultants LLC raised its stake in Walt Disney by 197.6% in 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 period. Silicon Valley Capital Partners purchased a new stake in Walt Disney during the fourth quarter valued at about $35,000. Finally, Bell Investment Advisors Inc boosted its position in Walt Disney by 40.3% during the first quarter. Bell Investment Advisors Inc now owns 442 shares of the entertainment giant’s stock worth $44,000 after purchasing an additional 127 shares during the period. Institutional investors own 61.17% of the company’s stock.

Walt Disney Trading Down 0.6 %

DIS opened at $85.03 on Tuesday. The firm has a market capitalization of $155.58 billion, a price-to-earnings ratio of 69.13, a PEG ratio of 1.72 and a beta of 1.28. The Walt Disney Company has a one year low of $79.75 and a one year high of $118.18. The business has a 50 day simple moving average of $85.78 and a two-hundred day simple moving average of $91.59. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.07 and a quick ratio of 1.00.

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

Insiders Place Their Bets

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

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on DIS shares. Deutsche Bank Aktiengesellschaft decreased their price target on Walt Disney from $131.00 to $120.00 in a research report on Tuesday, August 8th. Atlantic Securities cut shares of Walt Disney from a “neutral” rating to an “underweight” rating and lowered their target price for the stock from $113.00 to $76.00 in a research note on Tuesday, July 25th. Loop Capital lowered their price target on Walt Disney from $120.00 to $110.00 in a research report on Monday, June 26th. Truist Financial reiterated a “buy” rating and set a $105.00 price objective on shares of Walt Disney in a research report on Monday, August 21st. Finally, Wells Fargo & Company cut their target price on Walt Disney from $146.00 to $110.00 and set an “overweight” rating for the company in a research note on Tuesday, September 5th. Two 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, the company currently has an average rating of “Moderate Buy” and a consensus target price of $114.58.

About Walt Disney

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.