Armstrong Fleming & Moore Inc Decreases Position in The Walt Disney Company (NYSE:DIS)

Armstrong Fleming & Moore Inc lowered its stake in shares of The Walt Disney Company (NYSE:DIS) by 3.6% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 7,381 shares of the entertainment giant’s stock after selling 276 shares during the quarter. Armstrong Fleming & Moore Inc’s holdings in Walt Disney were worth $710,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also modified their holdings of the stock. Jennison Associates LLC acquired a new stake in Walt Disney in the first quarter valued at approximately $1,490,492,000. Capital World Investors raised its holdings in shares of Walt Disney by 3,332.4% in the 1st quarter. Capital World Investors now owns 6,267,593 shares of the entertainment giant’s stock valued at $766,903,000 after purchasing an additional 6,084,993 shares in the last quarter. Swedbank AB purchased a new stake in shares of Walt Disney during the 1st quarter worth $493,715,000. Farallon Capital Management LLC purchased a new stake in shares of Walt Disney during the 2nd quarter worth $355,673,000. Finally, Ontario Teachers Pension Plan Board acquired a new position in shares of Walt Disney during the first quarter worth $425,567,000. 65.71% of the stock is currently owned by institutional investors and hedge funds.

Walt Disney Stock Performance

DIS traded down $0.64 during trading on Thursday, hitting $96.11. The stock had a trading volume of 4,439,203 shares, compared to its average volume of 10,968,468. The Walt Disney Company has a twelve month low of $79.23 and a twelve month high of $123.74. The firm has a market capitalization of $175.21 billion, a P/E ratio of 105.16, a PEG ratio of 1.49 and a beta of 1.40. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.66 and a current ratio of 0.72. The company’s 50-day moving average price is $91.29 and its 200 day moving average price is $99.24.

Walt Disney (NYSE:DIS) last issued its quarterly earnings results on Wednesday, August 7th. The entertainment giant reported $1.39 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.20 by $0.19. Walt Disney had a net margin of 5.30% and a return on equity of 8.64%. The business had revenue of $23.20 billion for the quarter, compared to analyst estimates of $23.08 billion. During the same period in the previous year, the business posted $1.03 earnings per share. The business’s revenue was up 3.9% compared to the same quarter last year. On average, equities research analysts forecast that The Walt Disney Company will post 4.92 EPS for the current fiscal year.

Insider Activity at Walt Disney

In other Walt Disney news, Director Calvin Mcdonald acquired 11,756 shares of the business’s stock in a transaction on Thursday, August 8th. The stock was purchased at an average price of $85.06 per share, for a total transaction of $999,965.36. Following the completion of the transaction, the director now 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.10% of the company’s stock.

Analyst Ratings Changes

DIS has been the subject of a number of recent analyst reports. Wells Fargo & Company decreased their price target on Walt Disney from $136.00 to $116.00 and set an “overweight” rating for the company in a report on Thursday, August 8th. Seaport Res Ptn upgraded shares of Walt Disney from a “hold” rating to a “strong-buy” rating in a research note on Monday, September 30th. Raymond James restated a “market perform” rating on shares of Walt Disney in a research report on Tuesday, October 1st. JPMorgan Chase & Co. dropped their target price on shares of Walt Disney from $135.00 to $125.00 and set an “overweight” rating on the stock in a research report on Thursday, August 8th. Finally, Barclays reduced their price target on shares of Walt Disney from $130.00 to $105.00 and set an “overweight” rating for the company in a research report on Thursday, August 8th. Five equities research analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $118.05.

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.