Regal Investment Advisors LLC Sells 865 Shares of The Walt Disney Company (NYSE:DIS)

Regal Investment Advisors LLC reduced its holdings in The Walt Disney Company (NYSE:DISGet Rating) by 3.0% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 27,585 shares of the entertainment giant’s stock after selling 865 shares during the quarter. Regal Investment Advisors LLC’s holdings in Walt Disney were worth $3,784,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. First American Trust FSB boosted its position in shares of Walt Disney by 7.3% during the first quarter. First American Trust FSB now owns 41,833 shares of the entertainment giant’s stock worth $5,737,000 after buying an additional 2,852 shares during the period. Northwest Investment Counselors LLC boosted its position in shares of Walt Disney by 1.0% during the first quarter. Northwest Investment Counselors LLC now owns 23,992 shares of the entertainment giant’s stock worth $3,291,000 after buying an additional 237 shares during the period. Marietta Wealth Management LLC boosted its position in shares of Walt Disney by 9.3% during the first quarter. Marietta Wealth Management LLC now owns 53,573 shares of the entertainment giant’s stock worth $7,348,000 after buying an additional 4,566 shares during the period. Alta Capital Management LLC boosted its position in Walt Disney by 4.0% during the first quarter. Alta Capital Management LLC now owns 417,909 shares of the entertainment giant’s stock valued at $57,320,000 after purchasing an additional 16,232 shares during the last quarter. Finally, First PREMIER Bank boosted its position in Walt Disney by 3.3% during the first quarter. First PREMIER Bank now owns 7,929 shares of the entertainment giant’s stock valued at $1,088,000 after purchasing an additional 250 shares during the last quarter. 64.17% of the stock is owned by institutional investors and hedge funds.

Walt Disney Stock Down 1.4 %

DIS opened at $106.63 on Friday. The stock has a market cap of $194.13 billion, a PE ratio of 73.54, a P/E/G ratio of 1.30 and a beta of 1.24. The company has a quick ratio of 1.01, a current ratio of 1.06 and a debt-to-equity ratio of 0.49. The Walt Disney Company has a 52 week low of $90.23 and a 52 week high of $187.58. The business’s fifty day simple moving average is $100.15 and its 200 day simple moving average is $120.77.

Walt Disney (NYSE:DISGet Rating) last posted its quarterly earnings results on Wednesday, May 11th. The entertainment giant reported $1.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.20 by ($0.12). The business had revenue of $19.25 billion for the quarter, compared to analysts’ expectations of $20.25 billion. Walt Disney had a net margin of 3.46% and a return on equity of 6.87%. During the same quarter in the previous year, the company earned $0.79 earnings per share. As a group, research analysts expect that The Walt Disney Company will post 3.93 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several brokerages recently commented on DIS. BMO Capital Markets reduced their price target on Walt Disney from $140.00 to $135.00 in a research report on Thursday, May 12th. Citigroup reduced their price target on Walt Disney from $165.00 to $145.00 and set a “buy” rating for the company in a research report on Thursday, July 7th. KeyCorp reduced their price target on Walt Disney from $151.00 to $131.00 and set an “overweight” rating for the company in a research report on Wednesday, July 20th. Wells Fargo & Company cut their price objective on Walt Disney from $153.00 to $130.00 and set an “overweight” rating for the company in a research report on Monday, July 25th. Finally, Morgan Stanley cut their price objective on Walt Disney from $170.00 to $125.00 and set an “overweight” rating for the company in a research report on Thursday, June 30th. One analyst has rated the stock with a sell rating, five have issued a hold rating and nineteen have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $154.28.

About Walt Disney

(Get Rating)

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

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

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