The Walt Disney Company (NYSE:DIS) Stock Position Reduced by AlphaCore Capital LLC

AlphaCore Capital LLC trimmed its holdings in shares of The Walt Disney Company (NYSE:DIS - Free Report) by 65.0% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 4,607 shares of the entertainment giant's stock after selling 8,538 shares during the period. AlphaCore Capital LLC's holdings in Walt Disney were worth $515,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Mpwm Advisory Solutions LLC bought a new position in shares of Walt Disney during the fourth quarter valued at approximately $27,000. FPC Investment Advisory Inc. bought a new stake in shares of Walt Disney during the fourth quarter valued at approximately $28,000. Tacita Capital Inc raised its holdings in shares of Walt Disney by 93.2% during the fourth quarter. Tacita Capital Inc now owns 257 shares of the entertainment giant's stock valued at $29,000 after buying an additional 124 shares during the last quarter. Pilgrim Partners Asia Pte Ltd bought a new stake in shares of Walt Disney during the fourth quarter valued at approximately $32,000. Finally, Midwest Capital Advisors LLC acquired a new position in shares of Walt Disney during the fourth quarter valued at $34,000. 65.71% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Walt Disney

In related news, EVP Brent Woodford sold 1,000 shares of the stock in a transaction on Tuesday, May 13th. The stock was sold at an average price of $110.84, for a total value of $110,840.00. Following the sale, the executive vice president now owns 46,831 shares in the company, valued at approximately $5,190,748.04. This represents a 2.09% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.16% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on DIS shares. The Goldman Sachs Group increased their price objective on shares of Walt Disney from $137.00 to $139.00 and gave the company a "buy" rating in a report on Tuesday, February 4th. Rosenblatt Securities restated a "buy" rating and set a $135.00 price target on shares of Walt Disney in a report on Monday, February 10th. Loop Capital raised their price target on shares of Walt Disney from $120.00 to $125.00 and gave the company a "buy" rating in a report on Thursday, May 8th. Wolfe Research upgraded shares of Walt Disney from a "peer perform" rating to an "outperform" rating and set a $112.00 price target on the stock in a report on Monday, April 21st. Finally, Guggenheim lowered their price objective on Walt Disney from $130.00 to $120.00 and set a "buy" rating on the stock in a report on Thursday, May 8th. Six analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $123.54.

Walt Disney Stock Performance

Shares of Walt Disney stock opened at $109.73 on Friday. The firm has a fifty day moving average of $95.89 and a two-hundred day moving average of $105.19. The stock has a market capitalization of $197.27 billion, a price-to-earnings ratio of 35.74, a PEG ratio of 1.80 and a beta of 1.49. The Walt Disney Company has a 52 week low of $80.10 and a 52 week high of $118.63. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.62 and a current ratio of 0.68.

Walt Disney (NYSE:DIS - Get Free Report) last posted its earnings results on Wednesday, May 7th. The entertainment giant reported $1.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.21 by $0.24. The company had revenue of $23.62 billion during the quarter, compared to analyst estimates of $23.15 billion. Walt Disney had a return on equity of 9.95% and a net margin of 6.07%. The company's revenue for the quarter was up 7.0% compared to the same quarter last year. During the same period in the previous year, the company earned $1.21 EPS. As a group, equities research analysts predict that The Walt Disney Company will post 5.47 EPS 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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