Golden State Equity Partners Sells 1,031 Shares of The Walt Disney Company (NYSE:DIS)

Golden State Equity Partners lowered its position in The Walt Disney Company (NYSE:DIS) by 16.3% in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 5,301 shares of the entertainment giant’s stock after selling 1,031 shares during the quarter. Golden State Equity Partners’ holdings in Walt Disney were worth $510,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the stock. Highline Wealth Partners LLC bought a new stake in shares of Walt Disney during the 3rd quarter valued at about $950,000. AMI Asset Management Corp bought a new stake in Walt Disney in the third quarter valued at approximately $221,000. Trajan Wealth LLC lifted its position in Walt Disney by 108.1% in the third quarter. Trajan Wealth LLC now owns 79,654 shares of the entertainment giant’s stock valued at $7,662,000 after purchasing an additional 41,371 shares during the last quarter. Pathway Financial Advisers LLC increased its stake in shares of Walt Disney by 9,500.2% during the third quarter. Pathway Financial Advisers LLC now owns 102,146 shares of the entertainment giant’s stock valued at $9,825,000 after buying an additional 101,082 shares during the period. Finally, Mutual Advisors LLC increased its stake in shares of Walt Disney by 2.7% during the third quarter. Mutual Advisors LLC now owns 83,951 shares of the entertainment giant’s stock valued at $8,009,000 after buying an additional 2,188 shares during the period. Hedge funds and other institutional investors own 65.71% of the company’s stock.

Walt Disney Price Performance

Shares of NYSE DIS opened at $95.04 on Thursday. The Walt Disney Company has a twelve month low of $80.18 and a twelve month high of $123.74. 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 company has a market capitalization of $173.26 billion, a price-to-earnings ratio of 103.30, a PEG ratio of 1.49 and a beta of 1.40. The firm has a 50-day moving average of $92.93 and a two-hundred day moving average of $97.69.

Walt Disney (NYSE:DIS) last posted 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 during the quarter, compared to analyst estimates of $23.08 billion. During the same period in the prior year, the firm earned $1.03 earnings per share. The firm’s revenue was up 3.9% compared to the same quarter last year. As a group, analysts expect that The Walt Disney Company will post 4.92 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research firms have recently issued reports on DIS. Barclays reduced their target price on Walt Disney from $130.00 to $105.00 and set an “overweight” rating on the stock in a research note on Thursday, August 8th. Deutsche Bank Aktiengesellschaft cut their target price on Walt Disney from $130.00 to $115.00 and set a “buy” rating for the company in a research report on Thursday, August 8th. Evercore ISI lowered their price objective on Walt Disney from $128.00 to $105.00 and set an “outperform” rating for the company in a research note on Thursday, August 8th. Macquarie decreased their target price on Walt Disney from $94.00 to $91.00 and set a “neutral” rating for the company in a research report on Thursday, September 19th. Finally, JPMorgan Chase & Co. reduced 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. Five equities research analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Walt Disney presently has an average rating of “Moderate Buy” and a consensus price target of $118.05.

Insider Buying and Selling at Walt Disney

In other news, Director Calvin Mcdonald bought 11,756 shares of Walt Disney stock in a transaction that occurred on Thursday, August 8th. The stock was purchased at an average cost of $85.06 per share, with a total value of $999,965.36. Following the completion of the transaction, the director now directly owns 22,313 shares in the company, valued at $1,897,943.78. This trade represents a 100.00 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible 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.