Dumont & Blake Investment Advisors LLC Has $1.60 Million Stake in The Walt Disney Company (NYSE:DIS)

Dumont & Blake Investment Advisors LLC cut its holdings in The Walt Disney Company (NYSE:DIS) by 50.3% in the third quarter, Holdings Channel.com reports. The fund owned 16,656 shares of the entertainment giant’s stock after selling 16,835 shares during the quarter. Dumont & Blake Investment Advisors LLC’s holdings in Walt Disney were worth $1,602,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in DIS. ESL Trust Services LLC bought a new stake in shares of Walt Disney during the 1st quarter worth about $31,000. William B. Walkup & Associates Inc. acquired a new position in Walt Disney in the 2nd quarter valued at $32,000. Mascoma Wealth Management LLC raised its holdings in 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. Red Tortoise LLC boosted its holdings in Walt Disney by 141.4% during the first quarter. Red Tortoise LLC now owns 367 shares of the entertainment giant’s stock valued at $45,000 after acquiring an additional 215 shares during the period. Finally, First PREMIER Bank increased its position in Walt Disney by 98.1% in the 3rd quarter. First PREMIER Bank now owns 517 shares of the entertainment giant’s stock worth $50,000 after buying an additional 256 shares during the period. 65.71% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, Director Calvin Mcdonald purchased 11,756 shares of the firm’s stock in a transaction dated Thursday, August 8th. The stock was bought at an average price of $85.06 per share, with a total value of $999,965.36. Following the acquisition, 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 0.10% of the company’s stock.

Walt Disney Trading Up 1.0 %

Shares of Walt Disney stock traded up $0.99 on Friday, hitting $96.39. 137,983 shares of the company’s stock traded hands, compared to its average volume of 10,833,093. The Walt Disney Company has a one year low of $79.23 and a one year high of $123.74. 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 stock has a market capitalization of $175.72 billion, a PE ratio of 103.73, a price-to-earnings-growth ratio of 1.49 and a beta of 1.40. The firm’s 50-day moving average price is $92.36 and its two-hundred day moving average price is $98.44.

Walt Disney (NYSE:DIS) last issued its 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. The firm had revenue of $23.20 billion for the quarter, compared to analysts’ expectations of $23.08 billion. Walt Disney had a return on equity of 8.64% and a net margin of 5.30%. The company’s revenue was up 3.9% compared to the same quarter last year. During the same quarter last year, the business earned $1.03 earnings per share. On average, research analysts expect that The Walt Disney Company will post 4.92 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on DIS shares. Macquarie reduced their price target on shares of Walt Disney from $94.00 to $91.00 and set a “neutral” rating for the company in a report on Thursday, September 19th. Needham & Company LLC reissued a “buy” rating and set a $110.00 target price on shares of Walt Disney in a research report on Wednesday. Raymond James reaffirmed a “market perform” rating on shares of Walt Disney in a report on Tuesday, October 1st. Barclays lowered their price objective on Walt Disney from $130.00 to $105.00 and set an “overweight” rating on the stock in a research report on Thursday, August 8th. Finally, Deutsche Bank Aktiengesellschaft decreased their price target on shares of Walt Disney from $130.00 to $115.00 and set a “buy” rating on the stock in a research note on Thursday, August 8th. Five research analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $118.05.

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.