Good Life Advisors LLC Sells 771 Shares of The Walt Disney Company $DIS

Good Life Advisors LLC trimmed its stake in The Walt Disney Company (NYSE:DIS) by 3.4% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 21,708 shares of the entertainment giant’s stock after selling 771 shares during the period. Good Life Advisors LLC’s holdings in Walt Disney were worth $2,692,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Kondo Wealth Advisors Inc. lifted its stake in shares of Walt Disney by 1.2% in the second quarter. Kondo Wealth Advisors Inc. now owns 7,317 shares of the entertainment giant’s stock worth $904,000 after buying an additional 84 shares during the last quarter. Cornerstone Advisory LLC increased its stake in shares of Walt Disney by 1.5% in the second quarter. Cornerstone Advisory LLC now owns 5,890 shares of the entertainment giant’s stock worth $730,000 after purchasing an additional 86 shares during the period. Physician Wealth Advisors Inc. grew its holdings in Walt Disney by 3.5% in the 2nd quarter. Physician Wealth Advisors Inc. now owns 2,606 shares of the entertainment giant’s stock valued at $323,000 after buying an additional 87 shares during the last quarter. Childress Capital Advisors LLC lifted its holdings in shares of Walt Disney by 3.3% during the second quarter. Childress Capital Advisors LLC now owns 2,749 shares of the entertainment giant’s stock worth $341,000 after buying an additional 87 shares during the last quarter. Finally, Apollon Financial LLC increased its position in Walt Disney by 1.5% during the second quarter. Apollon Financial LLC now owns 6,086 shares of the entertainment giant’s stock worth $755,000 after acquiring an additional 87 shares during the period. Institutional investors own 65.71% of the company’s stock.

Walt Disney Price Performance

Shares of DIS stock opened at $106.33 on Thursday. The firm has a market capitalization of $191.17 billion, a price-to-earnings ratio of 16.95, a PEG ratio of 1.45 and a beta of 1.55. The Walt Disney Company has a 1 year low of $80.10 and a 1 year high of $124.69. The company has a current ratio of 0.72, a quick ratio of 0.66 and a debt-to-equity ratio of 0.32. The firm’s 50 day moving average is $113.25 and its 200-day moving average is $114.34.

Walt Disney (NYSE:DIS) last released its quarterly earnings data on Thursday, November 13th. The entertainment giant reported $1.11 EPS for the quarter, beating analysts’ consensus estimates of $1.03 by $0.08. Walt Disney had a return on equity of 9.67% and a net margin of 12.22%.The business had revenue of $22.46 billion during the quarter, compared to the consensus estimate of $22.78 billion. During the same quarter in the prior year, the company posted $1.14 earnings per share. The firm’s revenue was down .5% on a year-over-year basis. Sell-side analysts forecast that The Walt Disney Company will post 5.47 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. Jefferies Financial Group lowered Walt Disney from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 11th. JPMorgan Chase & Co. increased their price objective on Walt Disney from $130.00 to $138.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 29th. Rosenblatt Securities restated a “buy” rating and issued a $141.00 target price on shares of Walt Disney in a research note on Friday, October 17th. Stephens reaffirmed a “buy” rating on shares of Walt Disney in a report on Monday, August 11th. Finally, Arete Research raised shares of Walt Disney to a “strong sell” rating in a report on Tuesday, October 28th. Nineteen investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price 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.