American Financial Advisors LLC Sells 146 Shares of The Walt Disney Company (NYSE:DIS)

American Financial Advisors LLC trimmed its position in The Walt Disney Company (NYSE:DIS) by 2.7% in the 3rd quarter, HoldingsChannel reports. The fund owned 5,322 shares of the entertainment giant’s stock after selling 146 shares during the quarter. American Financial Advisors LLC’s holdings in Walt Disney were worth $512,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. ESL Trust Services LLC purchased a new stake in Walt Disney in the 1st quarter worth about $31,000. William B. Walkup & Associates Inc. bought a new position in Walt Disney in the second quarter worth about $32,000. Mascoma Wealth Management LLC boosted its stake in Walt Disney by 38.0% in the second quarter. Mascoma Wealth Management LLC now owns 443 shares of the entertainment giant’s stock valued at $44,000 after acquiring an additional 122 shares in the last quarter. Red Tortoise LLC increased its position in Walt Disney by 141.4% during the 1st quarter. Red Tortoise LLC now owns 367 shares of the entertainment giant’s stock valued at $45,000 after buying an additional 215 shares in the last quarter. Finally, First PREMIER Bank raised its position in shares of Walt Disney by 98.1% in the 3rd quarter. First PREMIER Bank now owns 517 shares of the entertainment giant’s stock valued at $50,000 after purchasing an additional 256 shares during the last quarter. 65.71% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on DIS shares. Bank of America decreased their target price on shares of Walt Disney from $145.00 to $120.00 and set a “buy” rating for the company in a research report on Thursday, August 8th. UBS Group lowered their price target on Walt Disney from $130.00 to $120.00 and set a “buy” rating on the stock in a research note on Thursday, August 8th. Needham & Company LLC reissued a “buy” rating and issued a $110.00 target price on shares of Walt Disney in a research note on Wednesday, October 23rd. Morgan Stanley lowered their price target on shares of Walt Disney from $130.00 to $110.00 and set an “overweight” rating on the stock in a research report on Monday, August 5th. Finally, JPMorgan Chase & Co. reduced their target price on Walt Disney from $135.00 to $125.00 and set an “overweight” rating on the stock in a research report on Thursday, August 8th. Five analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $118.05.

Walt Disney Price Performance

Walt Disney stock traded up $0.07 during trading hours on Tuesday, reaching $96.27. 2,722,166 shares of the stock were exchanged, compared to its average volume of 10,812,530. The stock has a 50 day moving average of $92.72 and a two-hundred day moving average of $97.84. The company has a market cap of $175.50 billion, a P/E ratio of 104.57, a price-to-earnings-growth ratio of 1.49 and a beta of 1.40. The company has a current ratio of 0.72, a quick ratio of 0.66 and a debt-to-equity ratio of 0.38. The Walt Disney Company has a twelve month low of $79.53 and a twelve month high of $123.74.

Walt Disney (NYSE:DIS) last issued its quarterly earnings results on Wednesday, August 7th. The entertainment giant reported $1.39 EPS for the quarter, topping 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 company had revenue of $23.20 billion for the quarter, compared to analyst estimates of $23.08 billion. During the same quarter in the previous year, the business earned $1.03 earnings per share. Walt Disney’s revenue was up 3.9% compared to the same quarter last year. Equities analysts expect that The Walt Disney Company will post 4.92 EPS for the current fiscal year.

Insider Buying and Selling at Walt Disney

In related news, Director Calvin Mcdonald purchased 11,756 shares of Walt Disney stock in a transaction on Thursday, August 8th. The stock was acquired at an average cost of $85.06 per share, for a total transaction of $999,965.36. Following the completion of the acquisition, the director now owns 22,313 shares of the company’s stock, valued at $1,897,943.78. This trade represents a 100.00 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 0.10% of the company’s stock.

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.