Rep. Laura Friedman Sells The Walt Disney Company (NYSE:DIS) Stock

Key Points

• Representative Laura Friedman sold shares of The Walt Disney Company (NYSE:DIS) valued between $1,001 and $15,000 from her FIDELITY ROTH IRA account on August 26th.
• Walt Disney's stock is down 1.2% and has experienced significant price fluctuation, with a 12-month low of $80.10 and a high of $124.69.
• Analysts currently rate Walt Disney with a consensus of Moderate Buy, predicting an average target price of $131.18 after various research reports suggest both buy and hold ratings.

Representative Laura Friedman (D-California) recently sold shares of The Walt Disney Company NYSE: DIS. In a filing disclosed on September 09th, the Representative disclosed that they had sold between $1,001 and $15,000 in Walt Disney stock on August 26th. The trade occurred in the Representative's "FIDELITY ROTH IRA" account.

Walt Disney Stock Performance

Shares of Walt Disney stock traded down $1.06 during trading on Friday, reaching $116.02. The company's stock had a trading volume of 7,638,964 shares, compared to its average volume of 6,004,555. The company has a 50-day moving average price of $118.34 and a two-hundred day moving average price of $108.99. The firm has a market cap of $208.60 billion, a PE ratio of 18.18, a P/E/G ratio of 1.68 and a beta of 1.55. The Walt Disney Company has a fifty-two week low of $80.10 and a fifty-two week high of $124.69. The company has a current ratio of 0.72, a quick ratio of 0.66 and a debt-to-equity ratio of 0.32.

Walt Disney (NYSE:DIS - Get Free Report) last announced its earnings results on Wednesday, August 6th. The entertainment giant reported $1.61 EPS for the quarter, beating analysts' consensus estimates of $1.45 by $0.16. The business had revenue of $23.65 billion for the quarter, compared to analysts' expectations of $23.69 billion. Walt Disney had a net margin of 12.22% and a return on equity of 9.67%. The company's quarterly revenue was up 2.1% on a year-over-year basis. During the same period in the previous year, the company posted $1.39 EPS. On average, analysts forecast that The Walt Disney Company will post 5.47 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. DiNuzzo Private Wealth Inc. lifted its holdings in Walt Disney by 82.5% in the 2nd quarter. DiNuzzo Private Wealth Inc. now owns 208 shares of the entertainment giant's stock valued at $26,000 after purchasing an additional 94 shares in the last quarter. Mpwm Advisory Solutions LLC acquired a new position in shares of Walt Disney during the 4th quarter valued at about $27,000. MJT & Associates Financial Advisory Group Inc. acquired a new position in shares of Walt Disney during the 1st quarter valued at about $26,000. Kessler Investment Group LLC increased its stake in shares of Walt Disney by 274.0% during the 1st quarter. Kessler Investment Group LLC now owns 273 shares of the entertainment giant's stock valued at $27,000 after acquiring an additional 200 shares during the last quarter. Finally, Harbor Asset Planning Inc. acquired a new position in shares of Walt Disney during the 2nd quarter valued at about $37,000. 65.71% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

DIS has been the topic of several recent research reports. Evercore ISI boosted their price objective on shares of Walt Disney from $134.00 to $140.00 and gave the company an "outperform" rating in a research note on Monday, August 4th. Wall Street Zen cut shares of Walt Disney from a "strong-buy" rating to a "buy" rating in a research note on Sunday, July 20th. Guggenheim boosted their price objective on shares of Walt Disney from $120.00 to $140.00 and gave the company a "buy" rating in a research note on Friday, June 27th. Stephens reissued a "buy" rating on shares of Walt Disney in a research note on Monday, August 11th. Finally, Needham & Company LLC reissued a "buy" rating and issued a $125.00 price objective on shares of Walt Disney in a research note on Thursday, September 4th. One investment analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and eight have given a Hold rating to the company's stock. According to data from MarketBeat, Walt Disney currently has an average rating of "Moderate Buy" and an average price target of $131.18.

About Representative Friedman

Laura Friedman (Democratic Party) is a member of the U.S. House, representing California's 30th Congressional District. She assumed office on January 3, 2025. Her current term ends on January 3, 2027. Friedman (Democratic Party) is running for re-election to the U.S. House to represent California's 30th Congressional District. She declared candidacy for the 2026 election. Laura Friedman was born in New York and lives in Glendale, California. Friedman earned a B.A. from the University of Rochester, New York, in 1988. Her career experience includes working as a producer and head of development in the entertainment industry and as a small business owner selling antiques and decorative arts. Friedman served on the board of directors of the Metropolitan Water District of Southern California, as past president of the Independent Cities Association, as a board member of the Southern California Association of Governments, and on the Glendale Design Review Board. She was elected to the Glendale City Council in 2009 and re-elected in 2013. She served as mayor of Glendale from 2011 to 2012.

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.