The Walt Disney Company (NYSE:DIS) Shares Sold by Howard Capital Management Group LLC

Howard Capital Management Group LLC cut its holdings in shares of The Walt Disney Company (NYSE:DIS) by 4.2% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 7,804 shares of the entertainment giant’s stock after selling 341 shares during the quarter. Howard Capital Management Group LLC’s holdings in Walt Disney were worth $751,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Sumitomo Mitsui DS Asset Management Company Ltd boosted its position in Walt Disney by 3.0% during the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 433,065 shares of the entertainment giant’s stock worth $41,657,000 after acquiring an additional 12,523 shares during the last quarter. Ballast Inc. boosted its holdings in Walt Disney by 2.6% in the 3rd quarter. Ballast Inc. now owns 12,593 shares of the entertainment giant’s stock valued at $1,211,000 after purchasing an additional 320 shares during the last quarter. Ellsworth Advisors LLC boosted its holdings in Walt Disney by 8.2% in the 3rd quarter. Ellsworth Advisors LLC now owns 22,728 shares of the entertainment giant’s stock valued at $2,186,000 after purchasing an additional 1,719 shares during the last quarter. Secure Asset Management LLC boosted its holdings in Walt Disney by 13.0% in the 3rd quarter. Secure Asset Management LLC now owns 4,035 shares of the entertainment giant’s stock valued at $388,000 after purchasing an additional 463 shares during the last quarter. Finally, Cumberland Advisors Inc. boosted its holdings in Walt Disney by 6.6% in the 3rd quarter. Cumberland Advisors Inc. now owns 16,250 shares of the entertainment giant’s stock valued at $1,563,000 after purchasing an additional 1,000 shares during the last quarter. 65.71% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have recently commented on DIS shares. The Goldman Sachs Group started coverage on shares of Walt Disney in a report on Tuesday, June 25th. They issued a “buy” rating and a $125.00 price objective on the stock. Moffett Nathanson decreased their price objective on shares of Walt Disney from $130.00 to $125.00 and set a “buy” rating on the stock in a report on Tuesday, July 2nd. Piper Sandler started coverage on shares of Walt Disney in a report on Wednesday. They issued a “neutral” rating and a $95.00 price objective on the stock. UBS Group decreased their price objective on shares of Walt Disney from $130.00 to $120.00 and set a “buy” rating on the stock in a report on Thursday, August 8th. Finally, Morgan Stanley decreased their price objective on shares of Walt Disney from $130.00 to $110.00 and set an “overweight” rating on the stock in a report on Monday, August 5th. Five equities research analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Walt Disney currently has a consensus rating of “Moderate Buy” and an average target price of $118.05.

Walt Disney Trading Down 0.2 %

Shares of NYSE:DIS opened at $96.53 on Friday. The company has a current ratio of 0.72, a quick ratio of 0.66 and a debt-to-equity ratio of 0.38. The company’s 50 day moving average is $91.50 and its two-hundred day moving average is $99.22. The company has a market cap of $175.98 billion, a PE ratio of 104.92, a P/E/G ratio of 1.49 and a beta of 1.40. The Walt Disney Company has a 52 week low of $79.23 and a 52 week high of $123.74.

Walt Disney (NYSE:DIS) last posted its earnings results on Wednesday, August 7th. The entertainment giant reported $1.39 EPS for the quarter, beating analysts’ consensus estimates of $1.20 by $0.19. The firm had revenue of $23.20 billion for the quarter, compared to the consensus estimate of $23.08 billion. Walt Disney had a net margin of 5.30% and a return on equity of 8.64%. The company’s revenue was up 3.9% on a year-over-year basis. During the same period last year, the firm posted $1.03 EPS. Equities analysts predict that The Walt Disney Company will post 4.92 earnings per share for the current fiscal year.

Insider Activity at Walt Disney

In related news, Director Calvin Mcdonald bought 11,756 shares of the company’s stock in a transaction that occurred on Thursday, August 8th. The shares were purchased at an average cost of $85.06 per share, with a total value of $999,965.36. Following the transaction, the director now directly owns 22,313 shares of the company’s stock, valued at approximately $1,897,943.78. This represents a 100.00 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 0.10% 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.