Northeast Financial Consultants Inc Sells 214 Shares of The Walt Disney Company (NYSE:DIS)

Northeast Financial Consultants Inc decreased its stake in shares of The Walt Disney Company (NYSE:DIS) by 0.2% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 95,507 shares of the entertainment giant’s stock after selling 214 shares during the period. Northeast Financial Consultants Inc’s holdings in Walt Disney were worth $10,635,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. FPC Investment Advisory Inc. bought a new stake in shares of Walt Disney during the 4th quarter worth about $28,000. Tacita Capital Inc boosted its holdings in shares of Walt Disney by 93.2% during the 4th quarter. Tacita Capital Inc now owns 257 shares of the entertainment giant’s stock worth $29,000 after buying an additional 124 shares during the period. Pilgrim Partners Asia Pte Ltd bought a new stake in shares of Walt Disney during the 4th quarter worth about $32,000. Midwest Capital Advisors LLC bought a new stake in shares of Walt Disney during the 4th quarter worth about $34,000. Finally, Bay Harbor Wealth Management LLC bought a new stake in shares of Walt Disney during the 4th quarter worth about $35,000. Institutional investors own 65.71% of the company’s stock.

Analysts Set New Price Targets

DIS has been the subject of several research analyst reports. Rosenblatt Securities reaffirmed a “buy” rating and set a $135.00 target price on shares of Walt Disney in a report on Monday, February 10th. Citigroup reissued a “buy” rating and issued a $125.00 price objective on shares of Walt Disney in a report on Wednesday, January 22nd. Guggenheim cut their price objective on shares of Walt Disney from $130.00 to $120.00 and set a “buy” rating for the company in a report on Thursday, May 8th. Loop Capital boosted their price objective 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. Finally, The Goldman Sachs Group boosted 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. Six investment analysts have rated the stock with a hold rating, seventeen have given a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $123.54.

Walt Disney Stock Up 0.8%

Shares of DIS opened at $111.40 on Wednesday. The Walt Disney Company has a one year low of $80.10 and a one year high of $118.63. The company has a market cap of $200.27 billion, a P/E ratio of 36.29, a P/E/G ratio of 1.80 and a beta of 1.49. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.68 and a quick ratio of 0.62. The firm has a 50 day simple moving average of $94.01 and a two-hundred day simple moving average of $104.44.

Walt Disney (NYSE:DIS) last announced its quarterly 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 the consensus estimate of $23.15 billion. Walt Disney had a net margin of 6.07% and a return on equity of 9.95%. The company’s revenue for the quarter was up 7.0% compared to the same quarter last year. During the same period in the prior year, the business earned $1.21 earnings per share. Research analysts forecast that The Walt Disney Company will post 5.47 EPS for the current fiscal year.

Insider Transactions at Walt Disney

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

About Walt Disney

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.