Bartlett & CO. Wealth Management LLC Sells 54,175 Shares of The Walt Disney Company (NYSE:DIS)

Bartlett & CO. Wealth Management LLC decreased its holdings in shares of The Walt Disney Company (NYSE:DIS) by 17.9% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 248,992 shares of the entertainment giant’s stock after selling 54,175 shares during the period. Bartlett & CO. Wealth Management LLC’s holdings in Walt Disney were worth $23,951,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the business. Mcdonald Partners LLC grew its position in Walt Disney by 0.5% in the first quarter. Mcdonald Partners LLC now owns 17,975 shares of the entertainment giant’s stock worth $2,199,000 after acquiring an additional 88 shares in the last quarter. Sendero Wealth Management LLC lifted its stake in Walt Disney by 2.0% in the first quarter. Sendero Wealth Management LLC now owns 4,649 shares of the entertainment giant’s stock worth $569,000 after purchasing an additional 89 shares during the last quarter. Regent Peak Wealth Advisors LLC lifted its stake in Walt Disney by 3.5% in the first quarter. Regent Peak Wealth Advisors LLC now owns 2,801 shares of the entertainment giant’s stock worth $343,000 after purchasing an additional 94 shares during the last quarter. Horizon Bancorp Inc. IN lifted its stake in Walt Disney by 6.1% in the first quarter. Horizon Bancorp Inc. IN now owns 1,674 shares of the entertainment giant’s stock worth $205,000 after purchasing an additional 96 shares during the last quarter. Finally, KFA Private Wealth Group LLC lifted its stake in Walt Disney by 4.1% in the first quarter. KFA Private Wealth Group LLC now owns 2,691 shares of the entertainment giant’s stock worth $329,000 after purchasing an additional 106 shares during the last quarter. Institutional investors own 65.71% of the company’s stock.

Analyst Ratings Changes

Several analysts have issued reports on DIS shares. Bank of America decreased their price objective on shares of Walt Disney from $145.00 to $120.00 and set a “buy” rating for the company in a research note on Thursday, August 8th. Needham & Company LLC reaffirmed a “buy” rating and set a $110.00 price target on shares of Walt Disney in a research note on Thursday, September 26th. Piper Sandler started coverage on shares of Walt Disney in a research note on Wednesday. They set a “neutral” rating and a $95.00 price target for the company. The Goldman Sachs Group started coverage on shares of Walt Disney in a research note on Tuesday, June 25th. They set a “buy” rating and a $125.00 price target for the company. Finally, Loop Capital decreased their price target on shares of Walt Disney from $139.00 to $130.00 and set a “buy” rating for the company in a research note on Tuesday, July 30th. Five 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’s stock. According to data from MarketBeat.com, Walt Disney currently has an average rating of “Moderate Buy” and a consensus target price of $118.05.

Walt Disney Price Performance

NYSE DIS opened at $97.28 on Friday. The firm’s fifty day simple moving average is $91.72 and its two-hundred day simple moving average is $99.06. 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 Walt Disney Company has a 12-month low of $79.23 and a 12-month high of $123.74. The firm has a market capitalization of $177.35 billion, a P/E ratio of 105.75, a P/E/G ratio of 1.49 and a beta of 1.40.

Walt Disney (NYSE:DIS) last announced its quarterly earnings data on Wednesday, August 7th. The entertainment giant reported $1.39 earnings per share for the quarter, beating 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 quarterly revenue was up 3.9% compared to the same quarter last year. During the same period in the previous year, the company earned $1.03 earnings per share. Analysts forecast that The Walt Disney Company will post 4.92 EPS for the current fiscal year.

Insider Activity

In related news, Director Calvin Mcdonald acquired 11,756 shares of the company’s stock in a transaction dated Thursday, August 8th. The shares were purchased at an average cost of $85.06 per share, with a total value of $999,965.36. Following the completion of the acquisition, the director now directly owns 22,313 shares of the company’s stock, valued at $1,897,943.78. This represents a 100.00 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.10% of the company’s stock.

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.