Sigma Planning Corp Trims Holdings in The Walt Disney Company (NYSE:DIS)

Sigma Planning Corp decreased its holdings in The Walt Disney Company (NYSE:DIS - Free Report) by 7.1% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 39,908 shares of the entertainment giant's stock after selling 3,043 shares during the quarter. Sigma Planning Corp's holdings in Walt Disney were worth $3,939,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of DIS. Waterloo Capital L.P. lifted its holdings in shares of Walt Disney by 3.2% during the 4th quarter. Waterloo Capital L.P. now owns 3,138 shares of the entertainment giant's stock worth $349,000 after acquiring an additional 97 shares during the period. Quadrant Capital Group LLC lifted its holdings in Walt Disney by 0.4% during the 4th quarter. Quadrant Capital Group LLC now owns 22,658 shares of the entertainment giant's stock valued at $2,523,000 after purchasing an additional 98 shares during the last quarter. Acorns Advisers LLC lifted its holdings in Walt Disney by 2.6% during the 4th quarter. Acorns Advisers LLC now owns 3,826 shares of the entertainment giant's stock valued at $426,000 after purchasing an additional 98 shares during the last quarter. Allegheny Financial Group lifted its holdings in Walt Disney by 2.3% during the 4th quarter. Allegheny Financial Group now owns 4,624 shares of the entertainment giant's stock valued at $515,000 after purchasing an additional 106 shares during the last quarter. Finally, 1620 Investment Advisors Inc. lifted its holdings in Walt Disney by 1.8% during the 4th quarter. 1620 Investment Advisors Inc. now owns 6,236 shares of the entertainment giant's stock valued at $694,000 after purchasing an additional 108 shares during the last quarter. Hedge funds and other institutional investors own 65.71% of the company's stock.

Insiders Place Their Bets

In related news, EVP Brent Woodford sold 1,000 shares of Walt Disney stock in a transaction that occurred on Tuesday, May 13th. The shares were sold at an average price of $110.84, for a total transaction of $110,840.00. Following the transaction, the executive vice president owned 46,831 shares of the company's stock, valued at $5,190,748.04. This trade represents a 2.09% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.16% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on DIS shares. Needham & Company LLC reissued a "buy" rating and set a $125.00 price target on shares of Walt Disney in a report on Thursday, May 8th. Citigroup lifted their price target on shares of Walt Disney from $125.00 to $140.00 and gave the company a "buy" rating in a report on Wednesday, July 9th. Barclays lifted their price target on shares of Walt Disney from $120.00 to $140.00 and gave the company an "overweight" rating in a report on Wednesday, July 9th. Rosenblatt Securities lifted their price target on shares of Walt Disney from $135.00 to $140.00 and gave the company a "buy" rating in a report on Tuesday, June 3rd. Finally, Jefferies Financial Group upgraded shares of Walt Disney from a "hold" rating to a "buy" rating and raised their price objective for the company from $100.00 to $144.00 in a research report on Monday, June 30th. Five analysts have rated the stock with a hold rating, eighteen have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $127.35.

Walt Disney Stock Up 0.1%

Shares of NYSE:DIS opened at $119.99 on Tuesday. The Walt Disney Company has a one year low of $80.10 and a one year high of $124.69. The company has a 50 day moving average of $115.46 and a 200-day moving average of $106.68. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.67 and a quick ratio of 0.61. The stock has a market cap of $215.72 billion, a price-to-earnings ratio of 24.54, a P/E/G ratio of 1.75 and a beta of 1.56.

Walt Disney (NYSE:DIS - Get Free Report) last issued its quarterly earnings results on Wednesday, May 7th. The entertainment giant reported $1.45 EPS for the quarter, topping the consensus estimate of $1.21 by $0.24. Walt Disney had a net margin of 9.47% and a return on equity of 9.99%. The company had revenue of $23.62 billion during the quarter, compared to analysts' expectations of $23.15 billion. During the same quarter in the previous year, the company earned $1.21 EPS. Walt Disney's revenue was up 7.0% on a year-over-year basis. On average, sell-side analysts forecast that The Walt Disney Company will post 5.47 earnings per share for the current year.

Walt Disney 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.

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