Waldron Private Wealth LLC Lowers Position in The Walt Disney Company (NYSE:DIS)

Waldron Private Wealth LLC decreased its holdings in shares of The Walt Disney Company (NYSE:DIS) by 19.2% during the third quarter, according to its most recent filing with the SEC. The firm owned 9,662 shares of the entertainment giant’s stock after selling 2,298 shares during the period. Waldron Private Wealth LLC’s holdings in Walt Disney were worth $929,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of the business. Jennison Associates LLC bought a new position in Walt Disney in the first quarter worth approximately $1,490,492,000. Capital World Investors boosted its position in Walt Disney by 3,332.4% during the 1st 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 in the last quarter. Swedbank AB purchased a new position in shares of Walt Disney in the 1st quarter valued at $493,715,000. Farallon Capital Management LLC bought a new position in shares of Walt Disney in the 2nd quarter worth $355,673,000. Finally, Ontario Teachers Pension Plan Board purchased a new stake in shares of Walt Disney during the 1st quarter worth $425,567,000. Hedge funds and other institutional investors own 65.71% of the company’s stock.

Walt Disney Price Performance

Shares of DIS opened at $96.78 on Wednesday. The company has a market capitalization of $176.43 billion, a P/E ratio of 105.20, a P/E/G ratio of 1.49 and a beta of 1.40. The business’s 50-day moving average is $92.16 and its two-hundred day moving average is $98.45. 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 Walt Disney Company has a fifty-two week low of $79.23 and a fifty-two week high of $123.74.

Walt Disney (NYSE:DIS) last posted 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 for the quarter, compared to analyst estimates of $23.08 billion. During the same period last year, the company earned $1.03 earnings per share. Walt Disney’s revenue for the quarter was up 3.9% compared to the same quarter last year. Research analysts predict that The Walt Disney Company will post 4.92 earnings per share for the current year.

Insider Activity at Walt Disney

In other news, Director Calvin Mcdonald purchased 11,756 shares of the company’s stock in a transaction that occurred on Thursday, August 8th. The shares were bought at an average price of $85.06 per share, for a total transaction of $999,965.36. Following the completion of the transaction, 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 purchase was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 0.10% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on DIS shares. Evercore ISI reduced 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. Raymond James reiterated a “market perform” rating on shares of Walt Disney in a research note on Tuesday, October 1st. Needham & Company LLC restated a “buy” rating and issued a $110.00 target price on shares of Walt Disney in a research note on Thursday, September 26th. Macquarie reduced their price target on Walt Disney from $94.00 to $91.00 and set a “neutral” rating on the stock in a research report on Thursday, September 19th. Finally, Piper Sandler initiated coverage on Walt Disney in a research report on Wednesday, October 16th. They issued a “neutral” rating and a $95.00 price objective for the company. 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. According to data from MarketBeat.com, Walt Disney currently has an average rating of “Moderate Buy” and a consensus price target of $118.05.

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.