Allspring Global Investments Holdings LLC lowered its stake in The Walt Disney Company (NYSE:DIS – Free Report) by 26.7% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 153,184 shares of the entertainment giant’s stock after selling 55,850 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Walt Disney were worth $13,676,000 at the end of the most recent reporting period.
A number of other institutional investors also recently modified their holdings of the stock. Dark Forest Capital Management LP acquired a new position in shares of Walt Disney during the first quarter worth approximately $28,000. Worth Asset Management LLC acquired a new position in Walt Disney during the 1st quarter valued at about $29,000. MBM Wealth Consultants LLC increased its holdings in Walt Disney by 197.6% during the 4th quarter. MBM Wealth Consultants LLC now owns 366 shares of the entertainment giant’s stock worth $33,000 after purchasing an additional 243 shares in the last quarter. Silicon Valley Capital Partners purchased a new stake in shares of Walt Disney in the fourth quarter worth approximately $35,000. Finally, Fortis Capital Advisors LLC bought a new position in shares of Walt Disney in the fourth quarter valued at approximately $39,000. Institutional investors and hedge funds own 61.17% of the company’s stock.
Insider Activity at Walt Disney
In other Walt Disney news, EVP Sonia L. Coleman sold 959 shares of the company’s stock in a transaction on Tuesday, August 1st. The shares were sold at an average price of $89.05, for a total value of $85,398.95. Following the completion of the transaction, the executive vice president now directly owns 961 shares in the company, valued at approximately $85,577.05. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.10% of the stock is owned by company insiders.
Walt Disney Stock Down 2.6 %
Walt Disney (NYSE:DIS – Get Free Report) last posted its quarterly earnings results on Wednesday, August 9th. The entertainment giant reported $1.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.99 by $0.04. The business had revenue of $22.33 billion during the quarter, compared to analyst estimates of $22.50 billion. Walt Disney had a net margin of 2.56% and a return on equity of 6.45%. The company’s revenue was up 3.8% on a year-over-year basis. During the same period in the prior year, the business posted $1.09 earnings per share. On average, analysts forecast that The Walt Disney Company will post 3.71 earnings per share for the current fiscal year.
Wall Street Analyst Weigh In
DIS has been the topic of several recent analyst reports. Credit Suisse Group dropped their price objective on Walt Disney from $126.00 to $122.00 and set an “outperform” rating on the stock in a research note on Monday, August 21st. Rosenblatt Securities decreased their price objective on shares of Walt Disney from $104.00 to $103.00 and set a “buy” rating for the company in a research note on Wednesday, September 20th. Evercore ISI cut their target price on Walt Disney from $130.00 to $110.00 and set an “outperform” rating on the stock in a research note on Monday, July 24th. Atlantic Securities lowered Walt Disney from a “neutral” rating to an “underweight” rating and dropped their price target for the stock from $113.00 to $76.00 in a report on Tuesday, July 25th. Finally, Morgan Stanley reduced their price objective on Walt Disney from $110.00 to $105.00 and set an “overweight” rating for the company in a research note on Wednesday, July 26th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and eighteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $113.50.
Read Our Latest Research Report on Walt Disney
Walt Disney Profile
The Walt Disney Company, together with its subsidiaries, operates as an entertainment company worldwide. It operates through two segments, Disney Media and Entertainment Distribution; and Disney Parks, Experiences and Products. The company engages in the film and episodic television content production and distribution activities, as well as operates television networks under the ABC, Disney, ESPN, Freeform, FX, Fox, National Geographic, and Star brands; and studios that produces films under the Walt Disney Pictures, Twentieth Century Studios, Marvel, Lucasfilm, Pixar, and Searchlight Pictures banners.
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