The Walt Disney Company (NYSE:DIS) Stock Position Decreased by Global Retirement Partners LLC

Global Retirement Partners LLC lessened its position in The Walt Disney Company (NYSE:DIS) by 2.2% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 58,888 shares of the entertainment giant’s stock after selling 1,327 shares during the period. Global Retirement Partners LLC’s holdings in Walt Disney were worth $5,664,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently bought and sold shares of DIS. Jennison Associates LLC acquired a new stake in Walt Disney in the 1st quarter valued at approximately $1,490,492,000. Capital World Investors boosted its position in shares of Walt Disney by 3,332.4% in the first quarter. Capital World Investors now owns 6,267,593 shares of the entertainment giant’s stock valued at $766,903,000 after acquiring an additional 6,084,993 shares during the period. Swedbank AB bought a new position in Walt Disney during the first quarter worth $493,715,000. Farallon Capital Management LLC acquired a new stake in Walt Disney in the 2nd quarter worth $355,673,000. Finally, Ontario Teachers Pension Plan Board bought a new stake in Walt Disney in the first quarter valued at about $425,567,000. Institutional investors and hedge funds own 65.71% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have weighed in on DIS. Wells Fargo & Company lowered their price target on Walt Disney from $136.00 to $116.00 and set an “overweight” rating on the stock in a research report on Thursday, August 8th. Raymond James reiterated a “market perform” rating on shares of Walt Disney in a research report on Tuesday, October 1st. Seaport Res Ptn upgraded shares of Walt Disney from a “hold” rating to a “strong-buy” rating in a research report on Monday, September 30th. The Goldman Sachs Group assumed coverage on shares of Walt Disney in a report on Tuesday, June 25th. They set a “buy” rating and a $125.00 price objective for the company. Finally, Barclays reduced their target price on Walt Disney from $130.00 to $105.00 and set an “overweight” rating on the stock in a report on Thursday, August 8th. Five analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $118.05.

Walt Disney Stock Performance

Shares of DIS traded down $0.64 during mid-day trading on Thursday, reaching $96.11. The company’s stock had a trading volume of 4,439,203 shares, compared to its average volume of 10,968,468. The stock has a market cap of $175.21 billion, a P/E ratio of 105.16, a PEG ratio of 1.49 and a beta of 1.40. The business has a 50-day simple moving average of $91.29 and a two-hundred day simple moving average of $99.24. The Walt Disney Company has a 1-year low of $79.23 and a 1-year high of $123.74. The company has a current ratio of 0.72, a quick ratio of 0.66 and a debt-to-equity ratio of 0.38.

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

Insider Buying and Selling

In other news, Director Calvin Mcdonald purchased 11,756 shares of Walt Disney stock in a transaction dated Thursday, August 8th. The shares were bought at an average cost of $85.06 per share, for a total transaction of $999,965.36. Following the completion of the acquisition, the director now owns 22,313 shares in the company, valued at approximately $1,897,943.78. This trade represents a 100.00 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.10% of the stock is currently owned by company insiders.

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.