Mount Yale Investment Advisors LLC Sells 8,940 Shares of The Walt Disney Company (NYSE:DIS)

Mount Yale Investment Advisors LLC trimmed its holdings in shares of The Walt Disney Company (NYSE:DIS) by 20.4% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 34,793 shares of the entertainment giant’s stock after selling 8,940 shares during the quarter. Mount Yale Investment Advisors LLC’s holdings in Walt Disney were worth $3,347,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently modified their holdings of the business. ESL Trust Services LLC bought a new position in Walt Disney in the first quarter valued at $31,000. William B. Walkup & Associates Inc. purchased a new position in shares of Walt Disney in the second quarter worth about $32,000. Red Tortoise LLC lifted its stake in shares of Walt Disney by 141.4% in the 1st quarter. Red Tortoise LLC now owns 367 shares of the entertainment giant’s stock valued at $45,000 after acquiring an additional 215 shares during the last quarter. O Brien Wealth Partners LLC purchased a new stake in Walt Disney during the 1st quarter valued at about $51,000. Finally, Mascoma Wealth Management LLC grew its position in Walt Disney by 38.0% during the 2nd quarter. Mascoma Wealth Management LLC now owns 443 shares of the entertainment giant’s stock worth $44,000 after acquiring an additional 122 shares during the last quarter. Institutional investors own 65.71% of the company’s stock.

Walt Disney Stock Down 0.8 %

NYSE:DIS opened at $95.43 on Friday. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.72 and a quick ratio of 0.66. The firm’s 50-day moving average price is $92.36 and its 200-day moving average price is $98.44. The company has a market capitalization of $173.97 billion, a PE ratio of 103.73, a P/E/G ratio of 1.49 and a beta of 1.40. The Walt Disney Company has a 1-year low of $79.23 and a 1-year high of $123.74.

Walt Disney (NYSE:DIS) last announced its quarterly earnings data on Wednesday, August 7th. The entertainment giant reported $1.39 earnings per share 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 business had revenue of $23.20 billion for the quarter, compared to analysts’ expectations of $23.08 billion. During the same quarter in the prior year, the company earned $1.03 earnings per share. The business’s revenue was up 3.9% compared to the same quarter last year. On average, equities analysts predict that The Walt Disney Company will post 4.92 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have weighed in on the company. Loop Capital lowered their price objective on Walt Disney from $139.00 to $130.00 and set a “buy” rating for the company in a research report on Tuesday, July 30th. Barclays dropped their price target on shares of Walt Disney from $130.00 to $105.00 and set an “overweight” rating for the company in a research report on Thursday, August 8th. Evercore ISI decreased their price objective on shares of Walt Disney from $128.00 to $105.00 and set an “outperform” rating on the stock in a research report on Thursday, August 8th. Bank of America lowered their price objective on shares of Walt Disney from $145.00 to $120.00 and set a “buy” rating for the company in a research note on Thursday, August 8th. Finally, UBS Group cut their target price 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. Five research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $118.05.

Insider Buying and Selling

In related news, Director Calvin Mcdonald bought 11,756 shares of the company’s stock in a transaction on Thursday, August 8th. The shares were acquired at an average cost of $85.06 per share, with a total value 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. The trade was a 100.00 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.10% of the stock is currently owned by company insiders.

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.