Crossmark Global Holdings Inc. Trims Stake in The Walt Disney Company (NYSE:DIS)

Crossmark Global Holdings Inc. lowered its holdings in shares of The Walt Disney Company (NYSE:DIS) by 0.1% in the third quarter, Holdings Channel reports. The firm owned 227,151 shares of the entertainment giant’s stock after selling 246 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in Walt Disney were worth $21,849,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. ESL Trust Services LLC purchased a new stake in shares of Walt Disney during the first quarter worth approximately $31,000. William B. Walkup & Associates Inc. purchased a new position in Walt Disney during the 2nd quarter worth $32,000. Mascoma Wealth Management LLC lifted its stake in shares of Walt Disney by 38.0% in the 2nd quarter. Mascoma Wealth Management LLC now owns 443 shares of the entertainment giant’s stock worth $44,000 after acquiring an additional 122 shares during the period. First PREMIER Bank boosted its holdings in shares of Walt Disney by 98.1% in the third quarter. First PREMIER Bank now owns 517 shares of the entertainment giant’s stock valued at $50,000 after acquiring an additional 256 shares in the last quarter. Finally, J.Safra Asset Management Corp increased its stake in shares of Walt Disney by 78.2% during the first quarter. J.Safra Asset Management Corp now owns 540 shares of the entertainment giant’s stock worth $66,000 after acquiring an additional 237 shares during the period. Hedge funds and other institutional investors own 65.71% of the company’s stock.

Analyst Ratings Changes

DIS has been the subject of a number of recent analyst reports. Loop Capital reduced their price objective on shares of Walt Disney from $139.00 to $130.00 and set a “buy” rating for the company in a research report on Tuesday, July 30th. Piper Sandler started coverage on shares of Walt Disney in a research report on Wednesday, October 16th. They set a “neutral” rating and a $95.00 target price on the stock. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Walt Disney from $130.00 to $115.00 and set a “buy” rating for the company in a research note on Thursday, August 8th. Bank of America lowered their target price on shares of Walt Disney from $145.00 to $120.00 and set a “buy” rating on the stock in a research report on Thursday, August 8th. Finally, Needham & Company LLC reiterated a “buy” rating and set a $110.00 price target on shares of Walt Disney in a research report on Wednesday, October 23rd. Five 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 stock. According to data from MarketBeat.com, Walt Disney has a consensus rating of “Moderate Buy” and an average target price of $118.05.

Walt Disney Trading Up 0.1 %

DIS stock traded up $0.09 during trading on Friday, reaching $99.02. 7,982,113 shares of the stock traded hands, compared to its average volume of 7,450,800. The business’s 50 day moving average price is $93.90 and its 200-day moving average price is $97.05. The firm has a market capitalization of $179.58 billion, a PE ratio of 38.08, a P/E/G ratio of 1.57 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 Walt Disney Company has a 52-week low of $83.91 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 earnings per share for the quarter, beating the consensus estimate 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 quarter in the previous year, the business posted $1.03 EPS. The business’s quarterly revenue was up 3.9% on a year-over-year basis. As a group, sell-side 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.