Avondale Wealth Management Sells 140 Shares of The Walt Disney Company (NYSE:DIS)

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Avondale Wealth Management trimmed its holdings in The Walt Disney Company (NYSE:DIS) by 25.5% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 409 shares of the entertainment giant’s stock after selling 140 shares during the quarter. Avondale Wealth Management’s holdings in The Walt Disney were worth $51,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the stock. Vanguard Group Inc. increased its position in The Walt Disney by 7.8% in the second quarter. Vanguard Group Inc. now owns 148,574,900 shares of the entertainment giant’s stock worth $16,567,587,000 after purchasing an additional 10,757,398 shares during the period. State Street Corp increased its position in The Walt Disney by 0.8% in the first quarter. State Street Corp now owns 74,952,278 shares of the entertainment giant’s stock worth $7,240,390,000 after purchasing an additional 565,404 shares during the period. Morgan Stanley increased its position in The Walt Disney by 16.7% in the first quarter. Morgan Stanley now owns 27,471,116 shares of the entertainment giant’s stock worth $2,653,710,000 after purchasing an additional 3,939,992 shares during the period. Bank of New York Mellon Corp increased its position in The Walt Disney by 9.7% in the second quarter. Bank of New York Mellon Corp now owns 25,029,876 shares of the entertainment giant’s stock worth $2,791,081,000 after purchasing an additional 2,208,862 shares during the period. Finally, Coatue Management LLC increased its position in The Walt Disney by 19,729.5% in the second quarter. Coatue Management LLC now owns 9,199,122 shares of the entertainment giant’s stock worth $1,025,795,000 after purchasing an additional 9,152,731 shares during the period. 62.72% of the stock is owned by institutional investors and hedge funds.

In other The Walt Disney news, EVP Brent Woodford sold 2,000 shares of the business’s stock in a transaction that occurred on Tuesday, October 13th. The stock was sold at an average price of $130.95, for a total value of $261,900.00. Following the sale, the executive vice president now owns 36,620 shares in the company, valued at approximately $4,795,389. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.31% of the company’s stock.

DIS has been the subject of a number of research reports. Goldman Sachs Group initiated coverage on The Walt Disney in a research report on Monday, July 13th. They issued a “buy” rating and a $137.00 price objective for the company. Morgan Stanley boosted their target price on The Walt Disney from $125.00 to $135.00 and gave the stock an “overweight” rating in a research report on Wednesday, June 24th. BMO Capital Markets boosted their target price on The Walt Disney from $140.00 to $150.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 5th. Zacks Investment Research upgraded The Walt Disney from a “sell” rating to a “hold” rating and set a $137.00 target price for the company in a research report on Monday, August 17th. Finally, Loop Capital upgraded The Walt Disney from a “hold” rating to a “buy” rating and set a $150.00 target price for the company in a research report on Tuesday. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and nineteen have issued a buy rating to the company’s stock. The Walt Disney presently has an average rating of “Buy” and a consensus price target of $134.70.

NYSE DIS traded down $0.55 during trading on Friday, hitting $126.81. The stock had a trading volume of 6,295,112 shares, compared to its average volume of 15,259,918. The company has a market capitalization of $229.15 billion, a PE ratio of -204.53, a P/E/G ratio of 6.23 and a beta of 1.09. The company’s 50-day moving average price is $128.38 and its two-hundred day moving average price is $117.94. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.29 and a current ratio of 1.34. The Walt Disney Company has a 12 month low of $79.07 and a 12 month high of $153.41.

The Walt Disney (NYSE:DIS) last released its earnings results on Tuesday, August 4th. The entertainment giant reported $0.08 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.64) by $0.72. The firm had revenue of $11.80 billion for the quarter, compared to analysts’ expectations of $12.48 billion. The Walt Disney had a positive return on equity of 6.58% and a negative net margin of 1.58%. The business’s quarterly revenue was down 41.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.35 EPS. As a group, equities analysts anticipate that The Walt Disney Company will post 1.59 earnings per share for the current fiscal year.

The Walt Disney Profile

The Walt Disney Company, together with its subsidiaries, operates as an entertainment company worldwide. The company's Media Networks segment operates domestic cable networks under the Disney, ESPN, Freeform, FX, and National Geographic brands; and television broadcast network under the ABC brand, as well as eight owned domestic television stations.

Further Reading: What is the Difference Between Common Shares and Convertible Shares?

Institutional Ownership by Quarter for The Walt Disney (NYSE:DIS)

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