Sentry Investment Management LLC Lowers Stock Holdings in The Walt Disney Company (NYSE:DIS)

Sentry Investment Management LLC lessened its holdings in shares of The Walt Disney Company (NYSE:DIS) by 56.3% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 3,859 shares of the entertainment giant’s stock after selling 4,967 shares during the quarter. Sentry Investment Management LLC’s holdings in Walt Disney were worth $371,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the business. Lmcg Investments LLC boosted its stake in Walt Disney by 18.6% in the 3rd quarter. Lmcg Investments LLC now owns 147,353 shares of the entertainment giant’s stock worth $14,174,000 after buying an additional 23,116 shares during the last quarter. PGGM Investments acquired a new stake in shares of Walt Disney in the first quarter worth approximately $1,036,000. Nisa Investment Advisors LLC grew its holdings in Walt Disney by 22.2% in the third quarter. Nisa Investment Advisors LLC now owns 704,887 shares of the entertainment giant’s stock valued at $67,803,000 after purchasing an additional 127,859 shares during the period. Advisors Asset Management Inc. increased its position in Walt Disney by 30.8% during the first quarter. Advisors Asset Management Inc. now owns 25,987 shares of the entertainment giant’s stock worth $3,180,000 after purchasing an additional 6,118 shares during the last quarter. Finally, Founders Financial Securities LLC raised its stake in Walt Disney by 8.4% during the second quarter. Founders Financial Securities LLC now owns 14,603 shares of the entertainment giant’s stock worth $1,450,000 after purchasing an additional 1,133 shares during the period. Institutional investors and hedge funds own 65.71% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently issued reports on the stock. Bank of America lowered their price objective on shares of Walt Disney from $145.00 to $120.00 and set a “buy” rating for the company in a research note on Thursday, August 8th. UBS Group lowered their price target on Walt Disney from $130.00 to $120.00 and set a “buy” rating for the company in a research report on Thursday, August 8th. Deutsche Bank Aktiengesellschaft cut their price objective on Walt Disney from $130.00 to $115.00 and set a “buy” rating on the stock in a report on Thursday, August 8th. Raymond James reiterated a “market perform” rating on shares of Walt Disney in a report on Tuesday, October 1st. Finally, Morgan Stanley dropped their target price on shares of Walt Disney from $130.00 to $110.00 and set an “overweight” rating for the company in a research report on Monday, August 5th. Five investment analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Walt Disney has an average rating of “Moderate Buy” and a consensus price target of $118.05.

Walt Disney Stock Down 0.0 %

Shares of Walt Disney stock opened at $95.79 on Tuesday. The Walt Disney Company has a 1-year low of $83.59 and a 1-year high of $123.74. The company has a market capitalization of $173.72 billion, a PE ratio of 36.84, a P/E/G ratio of 1.52 and a beta of 1.40. 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 business has a 50-day moving average of $93.24 and a 200-day moving average of $97.22.

Walt Disney (NYSE:DIS) last issued 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. Walt Disney had a return on equity of 8.64% and a net margin of 5.30%. The firm had revenue of $23.20 billion during the quarter, compared to analyst estimates of $23.08 billion. During the same quarter last year, the firm earned $1.03 EPS. Walt Disney’s quarterly revenue was up 3.9% on a year-over-year basis. As a group, equities analysts forecast that The Walt Disney Company will post 4.93 EPS for the current fiscal year.

Insider Transactions at Walt Disney

In related news, Director Calvin Mcdonald acquired 11,756 shares of Walt Disney stock in a transaction on Thursday, August 8th. The shares were purchased at an average cost of $85.06 per share, for a total transaction of $999,965.36. Following the purchase, the director now directly owns 22,313 shares of the company’s stock, valued at $1,897,943.78. The trade was a 100.00 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.10% of the company’s stock.

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.