Mesirow Financial Investment Management Inc. Sells 246 Shares of The Walt Disney Company (NYSE:DIS)

Mesirow Financial Investment Management Inc. lowered its position in shares of The Walt Disney Company (NYSE:DIS) by 0.1% during the third quarter, HoldingsChannel.com reports. The fund owned 225,917 shares of the entertainment giant’s stock after selling 246 shares during the quarter. Mesirow Financial Investment Management Inc.’s holdings in Walt Disney were worth $21,732,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the business. Transcendent Capital Group LLC boosted its holdings in Walt Disney by 1.4% in the first quarter. Transcendent Capital Group LLC now owns 7,912 shares of the entertainment giant’s stock worth $968,000 after purchasing an additional 108 shares during the last quarter. ADE LLC increased its position in Walt Disney by 4.6% during the second quarter. ADE LLC now owns 2,509 shares of the entertainment giant’s stock valued at $249,000 after acquiring an additional 110 shares during the last quarter. Cozad Asset Management Inc. grew its stake in shares of Walt Disney by 1.9% during the 3rd quarter. Cozad Asset Management Inc. now owns 6,017 shares of the entertainment giant’s stock valued at $579,000 after purchasing an additional 110 shares during the period. Absher Wealth Management LLC increased its position in shares of Walt Disney by 0.8% during the 3rd quarter. Absher Wealth Management LLC now owns 14,141 shares of the entertainment giant’s stock valued at $1,360,000 after purchasing an additional 111 shares during the last quarter. Finally, Archford Capital Strategies LLC boosted its holdings in shares of Walt Disney by 2.3% in the second quarter. Archford Capital Strategies LLC now owns 4,966 shares of the entertainment giant’s stock worth $493,000 after buying an additional 112 shares during the last quarter. 65.71% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

DIS has been the subject of several analyst reports. Loop Capital reduced their price objective on Walt Disney from $139.00 to $130.00 and set a “buy” rating for the company in a research note on Tuesday, July 30th. Deutsche Bank Aktiengesellschaft decreased their price objective on Walt Disney from $130.00 to $115.00 and set a “buy” rating on the stock in a research note on Thursday, August 8th. UBS Group cut their price objective on Walt Disney from $130.00 to $120.00 and set a “buy” rating for the company in a research note on Thursday, August 8th. Morgan Stanley decreased their target price on shares of Walt Disney from $130.00 to $110.00 and set an “overweight” rating on the stock in a research note on Monday, August 5th. Finally, JPMorgan Chase & Co. dropped their price target on shares of Walt Disney from $135.00 to $125.00 and set an “overweight” rating for the company in a research report 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’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $118.05.

Walt Disney Stock Performance

Walt Disney stock opened at $99.02 on Friday. The company has a quick ratio of 0.66, a current ratio of 0.72 and a debt-to-equity ratio of 0.38. The Walt Disney Company has a twelve month low of $83.91 and a twelve month high of $123.74. The company’s 50-day moving average price is $93.90 and its 200-day moving average price is $97.05. The company has a market cap of $179.58 billion, a PE ratio of 38.08, a price-to-earnings-growth ratio of 1.57 and a beta of 1.40.

Walt Disney (NYSE:DIS) last issued its quarterly earnings data on Wednesday, August 7th. The entertainment giant reported $1.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.20 by $0.19. The business had revenue of $23.20 billion for 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% compared to the same quarter last year. During the same period in the prior year, the business posted $1.03 earnings per share. On average, equities research analysts forecast that The Walt Disney Company will post 4.93 EPS for the current fiscal 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.