Stockman Wealth Management Inc. Decreases Stock Holdings in The Walt Disney Company (NYSE:DIS)

Stockman Wealth Management Inc. cut its position in The Walt Disney Company (NYSE:DIS) by 5.0% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 3,369 shares of the entertainment giant’s stock after selling 178 shares during the quarter. Stockman Wealth Management Inc.’s holdings in Walt Disney were worth $324,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Quent Capital LLC grew its stake in Walt Disney by 4.4% during the 1st quarter. Quent Capital LLC now owns 7,766 shares of the entertainment giant’s stock valued at $950,000 after purchasing an additional 327 shares during the last quarter. Sei Investments Co. lifted its stake in shares of Walt Disney by 25.0% in the 1st quarter. Sei Investments Co. now owns 595,506 shares of the entertainment giant’s stock valued at $72,865,000 after purchasing an additional 119,207 shares during the period. Choate Investment Advisors grew its position in shares of Walt Disney by 11.3% during the 1st quarter. Choate Investment Advisors now owns 74,130 shares of the entertainment giant’s stock valued at $9,071,000 after acquiring an additional 7,511 shares during the period. NorthRock Partners LLC raised its stake in shares of Walt Disney by 4.3% during the 1st quarter. NorthRock Partners LLC now owns 17,314 shares of the entertainment giant’s stock worth $2,118,000 after buying an additional 708 shares during the period. Finally, Pointe Capital Management LLC acquired a new stake in Walt Disney in the 1st quarter valued at $282,000. 65.71% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms recently weighed in on DIS. Morgan Stanley reduced their price target 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. UBS Group reduced their target price on shares of Walt Disney from $130.00 to $120.00 and set a “buy” rating for the company in a research report on Thursday, August 8th. Raymond James reiterated a “market perform” rating on shares of Walt Disney in a report on Tuesday, October 1st. Needham & Company LLC reissued a “buy” rating and set a $110.00 price objective on shares of Walt Disney in a research note on Wednesday, October 23rd. Finally, Loop Capital lowered their price objective on Walt Disney from $139.00 to $130.00 and set a “buy” rating for the company in a research report on Tuesday, July 30th. Five equities research analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $118.05.

Walt Disney Stock Up 0.1 %

NYSE:DIS traded up $0.09 during trading hours on Friday, hitting $99.02. The company’s stock had a trading volume of 7,982,113 shares, compared to its average volume of 7,450,800. 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 Walt Disney Company has a 52-week low of $83.91 and a 52-week high of $123.74. The stock has a market capitalization of $179.58 billion, a P/E ratio of 38.08, a price-to-earnings-growth ratio of 1.57 and a beta of 1.40. The stock has a fifty day moving average of $93.90 and a 200-day moving average of $96.93.

Walt Disney (NYSE:DIS) last announced its quarterly earnings results 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. The firm had revenue of $23.20 billion during the quarter, compared to analysts’ expectations of $23.08 billion. Walt Disney had a net margin of 5.30% and a return on equity of 8.64%. Walt Disney’s quarterly revenue was up 3.9% compared to the same quarter last year. During the same period in the previous year, the company earned $1.03 earnings per share. On average, equities analysts forecast that The Walt Disney Company will post 4.93 earnings per share for the current year.

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.