Sound Income Strategies LLC Sells 176 Shares of Walt Disney Co (DIS)

Sound Income Strategies LLC decreased its holdings in shares of Walt Disney Co (NYSE:DIS) by 25.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 511 shares of the entertainment giant’s stock after selling 176 shares during the period. Sound Income Strategies LLC’s holdings in Walt Disney were worth $56,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of DIS. Highwater Wealth Management LLC purchased a new stake in Walt Disney in the 4th quarter worth $56,000. Canton Hathaway LLC bought a new stake in shares of Walt Disney in the 3rd quarter worth about $107,000. CSat Investment Advisory L.P. bought a new stake in shares of Walt Disney in the 2nd quarter worth about $112,000. Fort L.P. bought a new stake in shares of Walt Disney in the 2nd quarter worth about $121,000. Finally, Lenox Wealth Advisors LLC increased its holdings in shares of Walt Disney by 807.2% in the 3rd quarter. Lenox Wealth Advisors LLC now owns 1,134 shares of the entertainment giant’s stock worth $133,000 after buying an additional 1,009 shares during the last quarter. 66.58% of the stock is owned by hedge funds and other institutional investors.

In other Walt Disney news, EVP Brent Woodford sold 721 shares of the company’s stock in a transaction dated Wednesday, December 26th. The shares were sold at an average price of $101.13, for a total value of $72,914.73. Following the transaction, the executive vice president now directly owns 26,910 shares in the company, valued at approximately $2,721,408.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Alan N. Braverman sold 1,153 shares of the company’s stock in a transaction dated Friday, December 28th. The stock was sold at an average price of $107.70, for a total transaction of $124,178.10. Following the completion of the transaction, the executive vice president now owns 106,390 shares in the company, valued at $11,458,203. The disclosure for this sale can be found here. Insiders sold a total of 14,648 shares of company stock worth $1,616,684 over the last 90 days. Insiders own 0.36% of the company’s stock.

DIS has been the topic of a number of research reports. Tigress Financial restated a “buy” rating on shares of Walt Disney in a report on Tuesday. Credit Suisse Group reiterated a “hold” rating and set a $114.00 price target on shares of Walt Disney in a report on Tuesday, January 22nd. Zacks Investment Research upgraded shares of Walt Disney from a “sell” rating to a “hold” rating in a report on Thursday, January 17th. Imperial Capital upgraded shares of Walt Disney from an “in-line” rating to an “outperform” rating and upped their price target for the company from $113.00 to $129.00 in a report on Tuesday, November 27th. Finally, Loop Capital upped their price target on shares of Walt Disney to $130.00 and gave the company a “buy” rating in a report on Friday, November 9th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and eleven have assigned a buy rating to the company’s stock. Walt Disney has a consensus rating of “Buy” and a consensus target price of $124.84.

Shares of DIS stock opened at $109.20 on Wednesday. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.92 and a current ratio of 1.00. The stock has a market capitalization of $165.06 billion, a price-to-earnings ratio of 15.42, a P/E/G ratio of 2.67 and a beta of 0.96. Walt Disney Co has a one year low of $97.68 and a one year high of $120.20.

Walt Disney (NYSE:DIS) last issued its earnings results on Tuesday, February 5th. The entertainment giant reported $1.84 EPS for the quarter, topping the Zacks’ consensus estimate of $1.57 by $0.27. The business had revenue of $15.30 billion for the quarter, compared to the consensus estimate of $15.20 billion. Walt Disney had a net margin of 18.46% and a return on equity of 20.50%. The company’s revenue for the quarter was down .3% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.89 EPS. On average, equities analysts forecast that Walt Disney Co will post 7.11 EPS for the current fiscal year.

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Walt Disney Company Profile

The Walt Disney Company, together with its subsidiaries, operates as an entertainment company worldwide. The company's Media Networks segment operates cable programming businesses under the ESPN, Disney, and Freeform brands; broadcast businesses, including ABC TV Network and eight owned television stations; and radio businesses.

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

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