The Walt Disney Company (NYSE:DIS) Shares Sold by Sippican Capital Advisors

Sippican Capital Advisors decreased its holdings in shares of The Walt Disney Company (NYSE:DIS) by 17.8% in the 3rd quarter, Holdings Channel.com reports. The fund owned 6,314 shares of the entertainment giant’s stock after selling 1,369 shares during the quarter. Sippican Capital Advisors’ holdings in Walt Disney were worth $607,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in DIS. Ashton Thomas Private Wealth LLC grew its stake in shares of Walt Disney by 19.3% in the first quarter. Ashton Thomas Private Wealth LLC now owns 20,842 shares of the entertainment giant’s stock valued at $2,550,000 after buying an additional 3,373 shares in the last quarter. China Universal Asset Management Co. Ltd. grew its stake in shares of Walt Disney by 30.7% in the first quarter. China Universal Asset Management Co. Ltd. now owns 15,672 shares of the entertainment giant’s stock valued at $1,918,000 after buying an additional 3,681 shares in the last quarter. Norden Group LLC grew its stake in shares of Walt Disney by 4.8% in the first quarter. Norden Group LLC now owns 9,537 shares of the entertainment giant’s stock valued at $1,167,000 after buying an additional 439 shares in the last quarter. Lodestone Wealth Management LLC acquired a new position in Walt Disney during the 1st quarter worth $264,000. Finally, Diversify Advisory Services LLC acquired a new position in Walt Disney during the 1st quarter worth $5,648,000. Institutional investors and hedge funds own 65.71% of the company’s stock.

Insider Activity at Walt Disney

In related news, Director Calvin Mcdonald bought 11,756 shares of Walt Disney stock in a transaction that occurred on Thursday, August 8th. The shares were purchased at an average price of $85.06 per share, with a total value of $999,965.36. Following the purchase, the director now owns 22,313 shares in the company, valued at $1,897,943.78. This represents a 100.00 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.10% of the stock is owned by corporate insiders.

Walt Disney Price Performance

Shares of DIS traded up $1.19 on Thursday, reaching $96.27. The stock had a trading volume of 691,682 shares, compared to its average volume of 10,769,388. The firm has a market capitalization of $175.50 billion, a PE ratio of 103.30, a PEG 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 firm has a 50-day moving average of $92.93 and a 200 day moving average of $97.69. The Walt Disney Company has a twelve month low of $80.18 and a twelve month high of $123.74.

Walt Disney (NYSE:DIS) last released its quarterly earnings results on Wednesday, August 7th. The entertainment giant reported $1.39 earnings per share for the quarter, topping analysts’ consensus estimates of $1.20 by $0.19. The business had revenue of $23.20 billion for the quarter, compared to analysts’ expectations of $23.08 billion. Walt Disney had a return on equity of 8.64% and a net margin of 5.30%. The company’s revenue was up 3.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.03 EPS. Sell-side analysts expect that The Walt Disney Company will post 4.92 EPS for the current year.

Analyst Upgrades and Downgrades

Several research firms recently commented on DIS. Piper Sandler began coverage on Walt Disney in a research note on Wednesday, October 16th. They set a “neutral” rating and a $95.00 target price for the company. Loop Capital lowered their target price 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. Bank of America reduced their target price on Walt Disney from $145.00 to $120.00 and set a “buy” rating for the company in a report on Thursday, August 8th. Seaport Res Ptn raised Walt Disney from a “hold” rating to a “strong-buy” rating in a report on Monday, September 30th. Finally, Raymond James reissued a “market perform” rating on shares of Walt Disney in a report on Tuesday, October 1st. Five analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $118.05.

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.