LVW Advisors LLC lessened its stake in shares of Walt Disney Co (NYSE:DIS) by 14.6% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 4,383 shares of the entertainment giant’s stock after selling 750 shares during the period. LVW Advisors LLC’s holdings in Walt Disney were worth $459,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in DIS. Destination Wealth Management raised its stake in Walt Disney by 2.5% in the second quarter. Destination Wealth Management now owns 212,266 shares of the entertainment giant’s stock valued at $22,248,000 after buying an additional 5,256 shares during the period. Stoneridge Investment Partners LLC acquired a new position in shares of Walt Disney in the second quarter valued at approximately $2,147,000. CWM LLC grew its position in shares of Walt Disney by 42.5% in the second quarter. CWM LLC now owns 6,739 shares of the entertainment giant’s stock valued at $706,000 after purchasing an additional 2,009 shares during the last quarter. Hendershot Investments Inc. grew its position in Walt Disney by 3.4% during the second quarter. Hendershot Investments Inc. now owns 90,841 shares of the entertainment giant’s stock worth $9,521,000 after buying an additional 3,010 shares in the last quarter. Finally, Bfsg LLC acquired a new stake in Walt Disney during the second quarter worth approximately $330,000. Institutional investors and hedge funds own 63.05% of the company’s stock.

In other Walt Disney news, EVP Alan N. Braverman sold 140,638 shares of Walt Disney stock in a transaction dated Wednesday, July 11th. The stock was sold at an average price of $107.00, for a total transaction of $15,048,266.00. Following the completion of the transaction, the executive vice president now owns 160,316 shares in the company, valued at approximately $17,153,812. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Brent Woodford sold 768 shares of Walt Disney stock in a transaction dated Monday, July 2nd. The shares were sold at an average price of $104.35, for a total value of $80,140.80. Following the transaction, the executive vice president now owns 28,493 shares of the company’s stock, valued at approximately $2,973,244.55. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 710,954 shares of company stock valued at $80,620,932. 0.38% of the stock is currently owned by company insiders.

Walt Disney stock traded down $1.41 during trading hours on Friday, reaching $109.26. 5,966,780 shares of the company’s stock were exchanged, compared to its average volume of 4,524,776. The company has a current ratio of 0.88, a quick ratio of 0.81 and a debt-to-equity ratio of 0.35. The company has a market cap of $162.79 billion, a P/E ratio of 19.17, a PEG ratio of 1.45 and a beta of 1.31. Walt Disney Co has a twelve month low of $96.80 and a twelve month high of $117.90.

Walt Disney (NYSE:DIS) last issued its earnings results on Tuesday, August 7th. The entertainment giant reported $1.87 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.97 by ($0.10). The firm had revenue of $15.23 billion during the quarter, compared to analyst estimates of $15.49 billion. Walt Disney had a net margin of 20.76% and a return on equity of 21.37%. During the same quarter in the prior year, the business earned $1.58 earnings per share. equities research analysts forecast that Walt Disney Co will post 6.92 EPS for the current fiscal year.

DIS has been the topic of a number of analyst reports. Zacks Investment Research downgraded Walt Disney from a “hold” rating to a “sell” rating in a research report on Tuesday, July 31st. B. Riley reduced their price target on Walt Disney from $123.00 to $121.00 and set a “buy” rating on the stock in a research report on Wednesday, August 8th. Bank of America set a $144.00 target price on Walt Disney and gave the company a “buy” rating in a report on Wednesday, August 8th. Credit Suisse Group assumed coverage on Walt Disney in a report on Tuesday, July 10th. They issued a “neutral” rating and a $114.00 target price on the stock. Finally, Royal Bank of Canada reaffirmed a “buy” rating and issued a $140.00 target price on shares of Walt Disney in a report on Wednesday, August 8th. Two analysts have rated the stock with a sell rating, ten have given a hold rating and thirteen have given a buy rating to the company’s stock. Walt Disney currently has an average rating of “Hold” and an average price target of $119.45.

About Walt Disney

The Walt Disney Company, together with its subsidiaries, operates as an entertainment company worldwide. The company's Media Networks segment operates cable programming services under the brand ESPN, Disney, and Freeform; broadcast businesses, which include the ABC TV Network and eight owned television stations; radio businesses consisting of the ESPN Radio network; and the Radio Disney network.

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

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