Moors & Cabot Inc. Sells 449 Shares of The Walt Disney Company $DIS

Moors & Cabot Inc. cut its stake in shares of The Walt Disney Company (NYSE:DIS) by 0.9% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 48,086 shares of the entertainment giant’s stock after selling 449 shares during the quarter. Moors & Cabot Inc.’s holdings in Walt Disney were worth $5,963,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the stock. Arrowroot Family Office LLC bought a new position in shares of Walt Disney during the 2nd quarter valued at approximately $518,000. Blue Barn Wealth LLC boosted its stake in Walt Disney by 7.6% in the 2nd quarter. Blue Barn Wealth LLC now owns 2,344 shares of the entertainment giant’s stock worth $291,000 after purchasing an additional 165 shares during the period. Homestead Advisers Corp boosted its stake in Walt Disney by 0.3% in the 2nd quarter. Homestead Advisers Corp now owns 864,800 shares of the entertainment giant’s stock worth $107,244,000 after purchasing an additional 2,800 shares during the period. Atlas Wealth Partners LLC bought a new position in Walt Disney in the 2nd quarter worth approximately $262,000. Finally, Cassaday & Co Wealth Management LLC boosted its stake in Walt Disney by 9.6% in the 2nd quarter. Cassaday & Co Wealth Management LLC now owns 6,562 shares of the entertainment giant’s stock worth $814,000 after purchasing an additional 574 shares during the period. 65.71% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several analysts have commented on the stock. Needham & Company LLC reiterated a “buy” rating and issued a $125.00 price target on shares of Walt Disney in a research note on Tuesday, September 23rd. Rosenblatt Securities reiterated a “buy” rating and issued a $141.00 price target on shares of Walt Disney in a research note on Friday, October 17th. Susquehanna reiterated a “neutral” rating on shares of Walt Disney in a research note on Monday, August 11th. Jefferies Financial Group downgraded Walt Disney from a “strong-buy” rating to a “hold” rating in a research report on Monday, August 11th. Finally, Wall Street Zen downgraded Walt Disney from a “buy” rating to a “hold” rating in a research report on Friday, October 3rd. Nineteen investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Walt Disney presently has a consensus rating of “Moderate Buy” and an average target price of $132.90.

Walt Disney Stock Performance

DIS stock opened at $111.51 on Wednesday. The company has a quick ratio of 0.66, a current ratio of 0.72 and a debt-to-equity ratio of 0.32. The business’s fifty day simple moving average is $113.89 and its two-hundred day simple moving average is $113.47. The Walt Disney Company has a twelve month low of $80.10 and a twelve month high of $124.69. The firm has a market cap of $200.48 billion, a price-to-earnings ratio of 17.48, a PEG ratio of 1.45 and a beta of 1.54.

Walt Disney (NYSE:DIS) last released its earnings results on Wednesday, August 6th. The entertainment giant reported $1.61 earnings per share for the quarter, topping analysts’ consensus estimates of $1.45 by $0.16. Walt Disney had a return on equity of 9.67% and a net margin of 12.22%.The business had revenue of $23.65 billion for the quarter, compared to analyst estimates of $23.69 billion. During the same quarter last year, the firm posted $1.39 earnings per share. The business’s revenue was up 2.1% compared to the same quarter last year. Analysts predict that The Walt Disney Company will post 5.47 earnings per share for the current year.

About Walt Disney

The Walt Disney Company operates as an entertainment company worldwide. It operates through three segments: Entertainment, Sports, and Experiences. The company produces and distributes film and television video streaming content under the ABC Television Network, Disney, Freeform, FX, Fox, National Geographic, and Star brand television channels, as well as ABC television stations and A+E television networks; and produces original content under the ABC Signature, Disney Branded Television, FX Productions, Lucasfilm, Marvel, National Geographic Studios, Pixar, Searchlight Pictures, Twentieth Century Studios, 20th Television, and Walt Disney Pictures banners.