HBK Sorce Advisory LLC Sells 6,559 Shares of The Walt Disney Company $DIS

HBK Sorce Advisory LLC lessened its stake in The Walt Disney Company (NYSE:DIS) by 17.7% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 30,517 shares of the entertainment giant’s stock after selling 6,559 shares during the quarter. HBK Sorce Advisory LLC’s holdings in Walt Disney were worth $3,784,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the stock. DiNuzzo Private Wealth Inc. lifted its holdings in Walt Disney by 82.5% during the second quarter. DiNuzzo Private Wealth Inc. now owns 208 shares of the entertainment giant’s stock worth $26,000 after acquiring an additional 94 shares during the period. MJT & Associates Financial Advisory Group Inc. bought a new stake in shares of Walt Disney in the first quarter valued at $26,000. Harbor Asset Planning Inc. bought a new stake in shares of Walt Disney in the second quarter valued at $37,000. RMG Wealth Management LLC bought a new stake in shares of Walt Disney in the second quarter valued at $49,000. Finally, Wolff Wiese Magana LLC raised its stake in shares of Walt Disney by 41.5% in the second quarter. Wolff Wiese Magana LLC now owns 460 shares of the entertainment giant’s stock valued at $57,000 after buying an additional 135 shares during the period. Institutional investors own 65.71% of the company’s stock.

Walt Disney Price Performance

Walt Disney stock opened at $110.21 on Thursday. The Walt Disney Company has a 52 week low of $80.10 and a 52 week high of $124.69. The business has a 50-day simple moving average of $114.33 and a 200 day simple moving average of $112.49. 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 stock has a market cap of $198.15 billion, a price-to-earnings ratio of 17.27, a PEG ratio of 1.46 and a beta of 1.54.

Walt Disney (NYSE:DIS) last posted its earnings results on Wednesday, August 6th. The entertainment giant reported $1.61 EPS for the quarter, topping the consensus estimate 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 during the quarter, compared to analysts’ expectations of $23.69 billion. During the same period in the previous year, the business earned $1.39 earnings per share. The firm’s revenue was up 2.1% on a year-over-year basis. On average, research analysts forecast that The Walt Disney Company will post 5.47 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on DIS shares. Barclays boosted their target price on Walt Disney from $120.00 to $140.00 and gave the company an “overweight” rating in a research note on Wednesday, July 9th. Rosenblatt Securities reissued a “buy” rating and set a $141.00 price objective on shares of Walt Disney in a report on Friday, October 17th. Weiss Ratings restated a “hold (c+)” rating on shares of Walt Disney in a research note on Wednesday, October 8th. Citigroup raised their target price on Walt Disney from $125.00 to $140.00 and gave the stock a “buy” rating in a research note on Wednesday, July 9th. Finally, Keefe, Bruyette & Woods restated a “market perform” rating on shares of Walt Disney in a research note on Monday, August 11th. Nineteen analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Walt Disney presently has an average rating of “Moderate Buy” and an average price target of $132.90.

Walt Disney Company 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.