LJI Wealth Management LLC Sells 6,913 Shares of The Walt Disney Company (NYSE:DIS)

LJI Wealth Management LLC lessened its position in The Walt Disney Company (NYSE:DIS - Free Report) by 35.9% in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 12,325 shares of the entertainment giant's stock after selling 6,913 shares during the quarter. LJI Wealth Management LLC's holdings in Walt Disney were worth $1,224,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in DIS. ESL Trust Services LLC acquired a new position in shares of Walt Disney in the 1st quarter valued at about $31,000. Gold Investment Management Ltd. acquired a new position in Walt Disney in the 4th quarter valued at approximately $28,000. Red Tortoise LLC lifted its position in Walt Disney by 141.4% in the 1st quarter. Red Tortoise LLC now owns 367 shares of the entertainment giant's stock worth $45,000 after buying an additional 215 shares in the last quarter. Frank Rimerman Advisors LLC acquired a new stake in shares of Walt Disney during the 4th quarter valued at $37,000. Finally, O Brien Wealth Partners LLC purchased a new position in shares of Walt Disney during the 1st quarter valued at $51,000. Institutional investors and hedge funds own 65.71% of the company's stock.

Walt Disney Stock Performance

NYSE DIS traded down $0.12 during trading on Thursday, hitting $93.46. The company's stock had a trading volume of 10,906,803 shares, compared to its average volume of 11,231,945. The Walt Disney Company has a 52 week low of $78.73 and a 52 week high of $123.74. The firm has a market cap of $170.38 billion, a P/E ratio of 101.58, a price-to-earnings-growth ratio of 1.31 and a beta of 1.40. The firm has a 50 day moving average price of $90.80 and a 200 day moving average price of $102.16. The company has a quick ratio of 0.66, a current ratio of 0.72 and a debt-to-equity ratio of 0.38.

Walt Disney (NYSE:DIS - Get Free Report) last announced its earnings results on Wednesday, August 7th. The entertainment giant reported $1.39 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.20 by $0.19. Walt Disney had a net margin of 5.30% and a return on equity of 8.64%. The business had revenue of $23.20 billion for the quarter, compared to analyst estimates of $23.08 billion. During the same quarter in the previous year, the firm posted $1.03 earnings per share. Walt Disney's revenue was up 3.9% compared to the same quarter last year. Equities research analysts forecast that The Walt Disney Company will post 4.92 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on DIS. Raymond James cut their price objective on Walt Disney from $123.00 to $101.00 and set an "outperform" rating for the company in a report on Thursday, August 8th. Wells Fargo & Company reduced their price target on Walt Disney from $136.00 to $116.00 and set an "overweight" rating for the company in a report on Thursday, August 8th. UBS Group dropped 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, August 8th. Needham & Company LLC cut their price objective on shares of Walt Disney from $145.00 to $110.00 and set a "buy" rating on the stock in a research report on Thursday, August 8th. Finally, Moffett Nathanson decreased their target price on shares of Walt Disney from $130.00 to $125.00 and set a "buy" rating for the company in a research report on Tuesday, July 2nd. Three research analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $117.82.

Insider Activity

In other news, Director Calvin Mcdonald acquired 11,756 shares of Walt Disney stock in a transaction on Thursday, August 8th. The stock was bought at an average price of $85.06 per share, for a total transaction of $999,965.36. Following the transaction, the director now owns 22,313 shares of the company's stock, valued at $1,897,943.78. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. 0.10% of the stock is owned by company insiders.

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.