Physician Wealth Advisors Inc. Decreases Position in The Walt Disney Company (NYSE:DIS)

Physician Wealth Advisors Inc. decreased its position in The Walt Disney Company (NYSE:DIS) by 10.4% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,607 shares of the entertainment giant’s stock after selling 303 shares during the period. Physician Wealth Advisors Inc.’s holdings in Walt Disney were worth $246,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Jennison Associates LLC purchased a new stake in Walt Disney in the 1st quarter worth about $1,490,492,000. Capital World Investors increased its stake 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 worth $766,903,000 after purchasing an additional 6,084,993 shares in the last quarter. Swedbank AB bought a new stake in shares of Walt Disney in the first quarter valued at approximately $493,715,000. Farallon Capital Management LLC bought a new stake in shares of Walt Disney in the second quarter valued at approximately $355,673,000. Finally, Ontario Teachers Pension Plan Board purchased a new stake in shares of Walt Disney during the 1st quarter valued at approximately $425,567,000. 65.71% of the stock is owned by institutional investors.

Analyst Ratings Changes

DIS has been the topic of a number of analyst reports. Barclays lowered their target price on shares of Walt Disney from $130.00 to $105.00 and set an “overweight” rating on the stock in a report on Thursday, August 8th. Moffett Nathanson decreased their price objective on Walt Disney from $130.00 to $125.00 and set a “buy” rating on the stock in a research note on Tuesday, July 2nd. UBS Group dropped their price objective on Walt Disney from $130.00 to $120.00 and set a “buy” rating on the stock in a report on Thursday, August 8th. Raymond James reaffirmed a “market perform” rating on shares of Walt Disney in a report on Tuesday, October 1st. Finally, Piper Sandler began coverage on shares of Walt Disney in a report on Wednesday. They issued a “neutral” rating and a $95.00 price target on the stock. Five research 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 company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $118.05.

Insider Activity at Walt Disney

In other Walt Disney news, Director Calvin Mcdonald purchased 11,756 shares of the stock in a transaction on 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 completion of the purchase, the director now directly owns 22,313 shares of the company’s stock, 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 SEC, which is available at this hyperlink. 0.10% of the stock is owned by insiders.

Walt Disney Price Performance

DIS opened at $96.75 on Thursday. The company has a current ratio of 0.72, a quick ratio of 0.66 and a debt-to-equity ratio of 0.38. The stock has a market capitalization of $176.38 billion, a P/E ratio of 105.16, a PEG ratio of 1.49 and a beta of 1.40. The stock has a 50-day moving average price of $91.29 and a 200-day moving average price of $99.24. The Walt Disney Company has a 12-month low of $79.23 and a 12-month high of $123.74.

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

Walt Disney 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.