Greenwich Wealth Management LLC Decreases Stock Position in The Walt Disney Company (NYSE:DIS)

Greenwich Wealth Management LLC lowered its stake in The Walt Disney Company (NYSE:DIS) by 5.2% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 3,836 shares of the entertainment giant’s stock after selling 209 shares during the period. Greenwich Wealth Management LLC’s holdings in Walt Disney were worth $369,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of DIS. GLOBALT Investments LLC GA acquired a new stake in shares of Walt Disney in the first quarter valued at approximately $247,000. Mitchell Mcleod Pugh & Williams Inc. increased its holdings in shares of Walt Disney by 12.7% during the first quarter. Mitchell Mcleod Pugh & Williams Inc. now owns 17,659 shares of the entertainment giant’s stock valued at $2,161,000 after purchasing an additional 1,985 shares during the period. Tokio Marine Asset Management Co. Ltd. raised its stake in shares of Walt Disney by 1.0% during the first quarter. Tokio Marine Asset Management Co. Ltd. now owns 105,408 shares of the entertainment giant’s stock valued at $12,898,000 after purchasing an additional 1,090 shares in the last quarter. Choreo LLC lifted its stake in shares of Walt Disney by 4.7% in the 1st quarter. Choreo LLC now owns 49,645 shares of the entertainment giant’s stock worth $6,074,000 after acquiring an additional 2,237 shares during the period. Finally, BNP Paribas acquired a new stake in Walt Disney in the first quarter worth approximately $40,637,000. 65.71% of the stock is owned by institutional investors and hedge funds.

Walt Disney Stock Performance

Shares of NYSE:DIS traded down $0.39 on Friday, hitting $95.81. 7,944,869 shares of the company were exchanged, compared to its average volume of 10,790,926. The company’s 50 day moving average price is $93.16 and its two-hundred day moving average price is $97.57. The firm has a market capitalization of $173.76 billion, a price-to-earnings ratio of 36.85, a PEG ratio of 1.51 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 Walt Disney Company has a one year low of $81.82 and a one year high of $123.74.

Walt Disney (NYSE:DIS) last announced its quarterly earnings data on Wednesday, August 7th. The entertainment giant reported $1.39 EPS for the quarter, topping analysts’ consensus estimates of $1.20 by $0.19. The company had revenue of $23.20 billion during the quarter, compared to the consensus estimate of $23.08 billion. Walt Disney had a return on equity of 8.64% and a net margin of 5.30%. The company’s quarterly revenue was up 3.9% on a year-over-year basis. During the same quarter last year, the company earned $1.03 EPS. Research analysts expect that The Walt Disney Company will post 4.93 earnings per share for the current year.

Analysts Set New Price Targets

Several analysts have recently weighed in on DIS shares. Bank of America cut their price objective on Walt Disney from $145.00 to $120.00 and set a “buy” rating for the company in a report on Thursday, August 8th. Evercore ISI reduced 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. Barclays cut their target price 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. Deutsche Bank Aktiengesellschaft reduced their price objective on Walt Disney from $130.00 to $115.00 and set a “buy” rating for the company in a research note on Thursday, August 8th. Finally, Raymond James reiterated a “market perform” rating on shares of Walt Disney in a research note on Tuesday, October 1st. Five analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Walt Disney presently has an average rating of “Moderate Buy” and an average price target of $118.05.

Insider Activity

In other Walt Disney news, Director Calvin Mcdonald purchased 11,756 shares of the company’s stock in a transaction that occurred on Thursday, August 8th. The stock was purchased at an average price 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 of the company’s stock, valued at approximately $1,897,943.78. This trade represents a 100.00 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.10% of the company’s stock.

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.