IMS Capital Management Has $1.78 Million Position in The Walt Disney Company (NYSE:DIS)

IMS Capital Management lessened its holdings in shares of The Walt Disney Company (NYSE:DIS) by 11.7% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 17,888 shares of the entertainment giant’s stock after selling 2,372 shares during the period. IMS Capital Management’s holdings in Walt Disney were worth $1,776,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in DIS. Mcdonald Partners LLC grew its stake in shares of Walt Disney by 0.5% in the first quarter. Mcdonald Partners LLC now owns 17,975 shares of the entertainment giant’s stock worth $2,199,000 after acquiring an additional 88 shares during the last quarter. McKinley Carter Wealth Services Inc. grew its position in Walt Disney by 1.5% in the 1st quarter. McKinley Carter Wealth Services Inc. now owns 5,894 shares of the entertainment giant’s stock worth $721,000 after purchasing an additional 89 shares during the last quarter. Sendero Wealth Management LLC increased its holdings in shares of Walt Disney by 2.0% during the 1st quarter. Sendero Wealth Management LLC now owns 4,649 shares of the entertainment giant’s stock worth $569,000 after purchasing an additional 89 shares during the period. Pflug Koory LLC raised its position in shares of Walt Disney by 1.0% during the first quarter. Pflug Koory LLC now owns 8,993 shares of the entertainment giant’s stock valued at $1,100,000 after buying an additional 91 shares during the last quarter. Finally, Regent Peak Wealth Advisors LLC lifted its stake in shares of Walt Disney by 3.5% in the first quarter. Regent Peak Wealth Advisors LLC now owns 2,801 shares of the entertainment giant’s stock valued at $343,000 after buying an additional 94 shares during the period. Institutional investors own 65.71% of the company’s stock.

Walt Disney Stock Up 0.2 %

Shares of NYSE DIS opened at $96.18 on Tuesday. The company has a quick ratio of 0.66, a current ratio of 0.72 and a debt-to-equity ratio of 0.38. The company has a market cap of $175.34 billion, a price-to-earnings ratio of 104.54, a price-to-earnings-growth ratio of 1.53 and a beta of 1.40. The Walt Disney Company has a 12-month low of $78.73 and a 12-month high of $123.74. The firm’s 50-day simple moving average is $90.44 and its 200 day simple moving average is $101.11.

Walt Disney (NYSE:DIS) last issued its quarterly earnings results on Wednesday, August 7th. The entertainment giant reported $1.39 earnings per share for the quarter, beating analysts’ consensus estimates of $1.20 by $0.19. Walt Disney had a net margin of 5.30% and a return on equity of 8.64%. The business had revenue of $23.20 billion during the quarter, compared to analyst estimates of $23.08 billion. During the same quarter last year, the business posted $1.03 earnings per share. Walt Disney’s revenue for the quarter was up 3.9% compared to the same quarter last year. On average, research analysts expect that The Walt Disney Company will post 4.92 earnings per share for the current fiscal year.

Insider Transactions at Walt Disney

In other news, Director Calvin Mcdonald purchased 11,756 shares of the firm’s stock in a transaction that occurred on Thursday, August 8th. The shares were acquired at an average price of $85.06 per share, for a total transaction of $999,965.36. Following the completion of the acquisition, the director now directly owns 22,313 shares in the company, valued at $1,897,943.78. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.10% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

DIS has been the subject of several recent research reports. Moffett Nathanson cut their price target on Walt Disney from $130.00 to $125.00 and set a “buy” rating for the company in a report on Tuesday, July 2nd. Morgan Stanley reduced their target price on Walt Disney from $130.00 to $110.00 and set an “overweight” rating for the company in a research report on Monday, August 5th. Wells Fargo & Company decreased their price target on shares of Walt Disney from $136.00 to $116.00 and set an “overweight” rating on the stock in a research note on Thursday, August 8th. Needham & Company LLC restated a “buy” rating and issued a $110.00 price objective on shares of Walt Disney in a research note on Thursday, September 26th. Finally, Barclays decreased their target price on shares of Walt Disney from $130.00 to $105.00 and set an “overweight” rating on the stock in a research report on Thursday, August 8th. Three analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Walt Disney presently has a consensus rating of “Moderate Buy” and an average price target of $118.43.

Walt Disney Profile

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.