Octavia Wealth Advisors LLC Reduces Stock Position in The Walt Disney Company (NYSE:DIS)

by · The Cerbat Gem

Octavia Wealth Advisors LLC lowered its stake in shares of The Walt Disney Company (NYSE:DIS – Free Report) by 36.7% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 5,779 shares of the entertainment giant’s stock after selling 3,348 shares during the period. Octavia Wealth Advisors LLC’s holdings in Walt Disney were worth $556,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Mcdonald Partners LLC raised its position in Walt Disney by 0.5% in the 1st quarter. Mcdonald Partners LLC now owns 17,975 shares of the entertainment giant’s stock valued at $2,199,000 after buying an additional 88 shares during the last quarter. Sendero Wealth Management LLC grew its stake in shares of Walt Disney by 2.0% in the first quarter. Sendero Wealth Management LLC now owns 4,649 shares of the entertainment giant’s stock valued at $569,000 after acquiring an additional 89 shares in the last quarter. Pflug Koory LLC lifted its position in Walt Disney by 1.0% during the first quarter. Pflug Koory LLC now owns 8,993 shares of the entertainment giant’s stock worth $1,100,000 after purchasing an additional 91 shares during the period. Regent Peak Wealth Advisors LLC lifted its position in Walt Disney by 3.5% during the first quarter. Regent Peak Wealth Advisors LLC now owns 2,801 shares of the entertainment giant’s stock worth $343,000 after purchasing an additional 94 shares during the period. Finally, McLean Asset Management Corp lifted its holdings in shares of Walt Disney by 3.2% in the first quarter. McLean Asset Management Corp now owns 3,137 shares of the entertainment giant’s stock worth $370,000 after acquiring an additional 96 shares during the last quarter. Hedge funds and other institutional investors own 65.71% of the company’s stock.

Walt Disney Stock Up 1.2 %

Shares of DIS opened at $94.14 on Friday. The firm has a market cap of $170.73 billion, a P/E ratio of 36.21, a P/E/G ratio of 1.49 and a beta of 1.40. The Walt Disney Company has a 1 year low of $79.23 and a 1 year high of $123.74. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.72 and a quick ratio of 0.66. The stock has a 50 day simple moving average of $90.85 and a two-hundred day simple moving average of $99.94.

Walt Disney (NYSE:DIS – Get Free Report) last released its quarterly earnings data on Wednesday, August 7th. The entertainment giant reported $1.39 earnings per share for the quarter, beating analysts’ consensus estimates of $1.20 by $0.19. The firm had revenue of $23.20 billion during the quarter, compared to analyst estimates of $23.08 billion. Walt Disney had a return on equity of 8.64% and a net margin of 5.30%. The business’s quarterly revenue was up 3.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.03 earnings per share. On average, analysts forecast that The Walt Disney Company will post 4.92 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on DIS shares. Bank of America lowered their price objective on Walt Disney from $145.00 to $120.00 and set a “buy” rating for the company in a research note on Thursday, August 8th. The Goldman Sachs Group assumed coverage on Walt Disney in a research note on Tuesday, June 25th. They issued a “buy” rating and a $125.00 price objective on the stock. Morgan Stanley decreased their price target on Walt Disney from $130.00 to $110.00 and set an “overweight” rating on the stock in a research report on Monday, August 5th. Loop Capital decreased their price target on Walt Disney from $139.00 to $130.00 and set a “buy” rating on the stock in a research report on Tuesday, July 30th. Finally, Deutsche Bank Aktiengesellschaft decreased their price target on Walt Disney from $130.00 to $115.00 and set a “buy” rating on the stock in a research report on Thursday, August 8th. Four analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $119.20.

Read Our Latest Research Report on Walt Disney

Insider Activity at Walt Disney

In other Walt Disney news, Director Calvin Mcdonald bought 11,756 shares of the firm’s stock in a transaction that occurred 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 completion of the acquisition, the director now directly owns 22,313 shares in the company, valued at $1,897,943.78. The trade was a 100.00 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.10% of the stock is owned by corporate insiders.

Walt Disney Profile

(Free Report)

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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