Securian Asset Management Inc. Sells 1,771 Shares of The Walt Disney Company $DIS

Securian Asset Management Inc. cut its holdings in The Walt Disney Company (NYSE:DIS) by 1.8% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 93,990 shares of the entertainment giant’s stock after selling 1,771 shares during the period. Securian Asset Management Inc.’s holdings in Walt Disney were worth $11,656,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in the business. MJT & Associates Financial Advisory Group Inc. bought a new position in Walt Disney during the first quarter valued at about $26,000. DiNuzzo Private Wealth Inc. grew its stake in shares of 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 during the period. Kessler Investment Group LLC grew its stake in shares of Walt Disney by 274.0% in the 1st quarter. Kessler Investment Group LLC now owns 273 shares of the entertainment giant’s stock valued at $27,000 after purchasing an additional 200 shares during the period. Harbor Asset Planning Inc. bought a new stake in shares of Walt Disney in the 2nd quarter valued at approximately $37,000. Finally, RMG Wealth Management LLC bought a new stake in shares of Walt Disney in the 2nd quarter valued at approximately $49,000. 65.71% of the stock is currently owned by institutional investors.

Walt Disney Stock Up 1.2%

NYSE:DIS opened at $112.01 on Tuesday. The stock’s fifty day moving average price is $114.85 and its two-hundred day moving average price is $111.19. The Walt Disney Company has a 52-week low of $80.10 and a 52-week high of $124.69. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.66 and a current ratio of 0.72. The company has a market cap of $201.39 billion, a price-to-earnings ratio of 17.56, a P/E/G ratio of 1.45 and a beta of 1.54.

Walt Disney (NYSE:DIS) last posted its quarterly earnings data on Wednesday, August 6th. The entertainment giant reported $1.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.45 by $0.16. Walt Disney had a return on equity of 9.67% and a net margin of 12.22%.The firm had revenue of $23.65 billion for the quarter, compared to the consensus estimate of $23.69 billion. During the same quarter in the prior year, the business earned $1.39 EPS. The business’s revenue for the quarter was up 2.1% compared to the same quarter last year. On average, analysts anticipate that The Walt Disney Company will post 5.47 EPS for the current year.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the company. Guggenheim upped their price objective on Walt Disney from $120.00 to $140.00 and gave the company a “buy” rating in a research note on Friday, June 27th. Rosenblatt Securities reiterated a “buy” rating and issued a $141.00 price objective on shares of Walt Disney in a research note on Friday. Jefferies Financial Group downgraded Walt Disney from a “strong-buy” rating to a “hold” rating in a report on Monday, August 11th. Chardan Capital reissued a “buy” rating on shares of Walt Disney in a report on Monday, August 11th. Finally, Wall Street Zen downgraded Walt Disney from a “buy” rating to a “hold” rating in a report on Friday, October 3rd. Nineteen analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. According to MarketBeat, Walt Disney has a consensus rating of “Moderate Buy” and an average price target of $132.90.

Walt Disney 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.