The Walt Disney Company (NYSE:DIS) Shares Sold by Grassi Investment Management

Grassi Investment Management decreased its holdings in shares of The Walt Disney Company (NYSE:DIS) by 9.0% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 59,415 shares of the entertainment giant’s stock after selling 5,851 shares during the period. Grassi Investment Management’s holdings in Walt Disney were worth $5,715,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently made changes to their positions in the company. Vaughan Nelson Investment Management L.P. boosted its position in shares of Walt Disney by 84.6% during the 1st quarter. Vaughan Nelson Investment Management L.P. now owns 2,000,267 shares of the entertainment giant’s stock valued at $244,754,000 after purchasing an additional 916,772 shares in the last quarter. Jennison Associates LLC bought a new position in shares of Walt Disney during the 1st quarter valued at about $1,490,492,000. Mirae Asset Global Investments Co. Ltd. boosted its position in shares of Walt Disney by 4.2% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 556,658 shares of the entertainment giant’s stock valued at $68,113,000 after purchasing an additional 22,568 shares in the last quarter. Nordea Investment Management AB boosted its position in shares of Walt Disney by 555.9% during the 1st quarter. Nordea Investment Management AB now owns 956,788 shares of the entertainment giant’s stock valued at $117,599,000 after purchasing an additional 810,923 shares in the last quarter. Finally, Arlington Financial Advisors LLC boosted its position in shares of Walt Disney by 456.9% during the 1st quarter. Arlington Financial Advisors LLC now owns 33,462 shares of the entertainment giant’s stock valued at $4,094,000 after purchasing an additional 27,453 shares in the last quarter. Institutional investors own 65.71% of the company’s stock.

Insider Activity

In other news, Director Calvin Mcdonald purchased 11,756 shares of the company’s stock in a transaction dated Thursday, August 8th. The shares were bought 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 in the company, valued at $1,897,943.78. This trade represents a 100.00 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.10% of the company’s stock.

Analyst Ratings Changes

Several brokerages have commented on DIS. Evercore ISI decreased their target price on shares of Walt Disney from $128.00 to $105.00 and set an “outperform” rating for the company in a report on Thursday, August 8th. Piper Sandler began coverage on shares of Walt Disney in a report on Wednesday, October 16th. They issued a “neutral” rating and a $95.00 target price for the company. Wells Fargo & Company decreased their target price on shares of Walt Disney from $136.00 to $116.00 and set an “overweight” rating for the company in a report on Thursday, August 8th. Loop Capital decreased their target price on shares of Walt Disney from $139.00 to $130.00 and set a “buy” rating for the company in a report on Tuesday, July 30th. Finally, Deutsche Bank Aktiengesellschaft decreased their target price on shares of Walt Disney from $130.00 to $115.00 and set a “buy” rating for the company in a report on Thursday, August 8th. Five investment analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $118.05.

Walt Disney Trading Up 0.0 %

NYSE:DIS opened at $96.28 on Thursday. The Walt Disney Company has a 12 month low of $79.23 and a 12 month high of $123.74. The firm has a market cap of $175.52 billion, a price-to-earnings ratio of 104.61, a P/E/G ratio of 1.49 and a beta of 1.40. 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 company’s 50 day moving average is $92.36 and its 200-day moving average is $98.44.

Walt Disney (NYSE:DIS) last released its quarterly earnings results on Wednesday, August 7th. The entertainment giant reported $1.39 EPS for the quarter, beating 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 company had revenue of $23.20 billion for the quarter, compared to analyst estimates of $23.08 billion. During the same quarter last year, the firm posted $1.03 earnings per share. The company’s quarterly revenue was up 3.9% compared to the same quarter last year. Equities analysts anticipate that The Walt Disney Company will post 4.92 EPS for the current year.

Walt Disney Company 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.