The Walt Disney Company (NYSE:DIS) Shares Sold by Clarity Capital Partners LLC

Clarity Capital Partners LLC cut its position in The Walt Disney Company (NYSE:DIS) by 1.1% in the third quarter, Holdings Channel reports. The firm owned 32,797 shares of the entertainment giant’s stock after selling 355 shares during the period. Walt Disney accounts for approximately 1.9% of Clarity Capital Partners LLC’s holdings, making the stock its 13th biggest position. Clarity Capital Partners LLC’s holdings in Walt Disney were worth $3,155,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the business. ESL Trust Services LLC purchased a new position in Walt Disney in the 1st quarter valued at approximately $31,000. William B. Walkup & Associates Inc. acquired a new stake in Walt Disney during the second quarter worth approximately $32,000. Mascoma Wealth Management LLC increased its stake in Walt Disney by 38.0% in the second quarter. Mascoma Wealth Management LLC now owns 443 shares of the entertainment giant’s stock valued at $44,000 after purchasing an additional 122 shares during the last quarter. First PREMIER Bank increased its stake in shares of Walt Disney by 98.1% during the 3rd quarter. First PREMIER Bank now owns 517 shares of the entertainment giant’s stock valued at $50,000 after acquiring an additional 256 shares during the last quarter. Finally, J.Safra Asset Management Corp raised its stake in 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 purchasing an additional 237 shares during the period. 65.71% of the stock is currently owned by institutional investors and hedge funds.

Walt Disney Stock Down 0.0 %

NYSE DIS opened at $95.79 on Tuesday. The firm has a 50-day simple moving average of $93.24 and a 200 day simple moving average of $97.22. 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 stock has a market cap of $173.72 billion, a PE ratio of 36.84, a PEG ratio of 1.52 and a beta of 1.40. The Walt Disney Company has a twelve month low of $83.59 and a twelve month high of $123.74.

Walt Disney (NYSE:DIS) last issued its earnings results on Wednesday, August 7th. The entertainment giant reported $1.39 EPS for the quarter, topping the consensus estimate of $1.20 by $0.19. Walt Disney had a return on equity of 8.64% and a net margin of 5.30%. The firm had revenue of $23.20 billion during the quarter, compared to analysts’ expectations of $23.08 billion. During the same period last year, the business earned $1.03 earnings per share. Walt Disney’s quarterly revenue was up 3.9% compared to the same quarter last year. On average, research analysts forecast that The Walt Disney Company will post 4.93 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on DIS shares. Raymond James restated a “market perform” rating on shares of Walt Disney in a report on Tuesday, October 1st. JPMorgan Chase & Co. cut 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 note on Thursday, August 8th. UBS Group decreased their price target on shares of Walt Disney from $130.00 to $120.00 and set a “buy” rating for the company in a research report 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, Wells Fargo & Company dropped their price objective on shares of Walt Disney from $136.00 to $116.00 and set an “overweight” rating on the stock in a research note on Thursday, August 8th. Five analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Walt Disney presently has an average rating of “Moderate Buy” and an average price target of $118.05.

Insider Buying and Selling

In related news, Director Calvin Mcdonald bought 11,756 shares of the company’s stock in a transaction dated Thursday, August 8th. The stock was acquired at an average cost of $85.06 per share, with a total value of $999,965.36. Following the acquisition, the director now owns 22,313 shares in the company, valued at approximately $1,897,943.78. This represents a 100.00 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Company 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.