The Walt Disney Company (NYSE:DIS) Stock Position Decreased by Toth Financial Advisory Corp

Toth Financial Advisory Corp cut its stake in shares of The Walt Disney Company (NYSE:DIS) by 5.1% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 58,210 shares of the entertainment giant’s stock after selling 3,123 shares during the period. Toth Financial Advisory Corp’s holdings in Walt Disney were worth $5,599,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the stock. ESL Trust Services LLC acquired a new stake in Walt Disney during the 1st quarter worth about $31,000. William B. Walkup & Associates Inc. acquired a new stake in shares of Walt Disney during the second quarter valued at approximately $32,000. Mascoma Wealth Management LLC lifted its position in shares of Walt Disney by 38.0% in the 2nd quarter. Mascoma Wealth Management LLC now owns 443 shares of the entertainment giant’s stock valued at $44,000 after acquiring an additional 122 shares in the last quarter. Red Tortoise LLC boosted its stake in Walt Disney by 141.4% in the 1st quarter. Red Tortoise LLC now owns 367 shares of the entertainment giant’s stock worth $45,000 after purchasing an additional 215 shares during the period. Finally, First PREMIER Bank grew its position in Walt Disney by 98.1% during the 3rd quarter. First PREMIER Bank now owns 517 shares of the entertainment giant’s stock worth $50,000 after purchasing an additional 256 shares in the last quarter. 65.71% of the stock is owned by hedge funds and other institutional investors.

Walt Disney Stock Performance

Walt Disney stock traded down $1.04 during trading hours on Monday, reaching $96.24. 2,483,905 shares of the company were exchanged, compared to its average volume of 10,940,191. The Walt Disney Company has a 12 month low of $79.23 and a 12 month 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. The stock has a 50-day moving average of $91.72 and a 200 day moving average of $98.75. The firm has a market cap of $175.45 billion, a price-to-earnings ratio of 105.74, a PEG ratio of 1.49 and a beta of 1.40.

Walt Disney (NYSE:DIS) last posted its quarterly earnings data 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 the consensus estimate of $23.08 billion. Walt Disney had a net margin of 5.30% and a return on equity of 8.64%. Walt Disney’s quarterly revenue was up 3.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.03 EPS. As a group, research analysts anticipate that The Walt Disney Company will post 4.92 earnings per share for the current year.

Analyst Ratings Changes

DIS has been the subject of a number of research analyst reports. 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. Needham & Company LLC reissued a “buy” rating and issued a $110.00 price objective on shares of Walt Disney in a research note on Thursday, September 26th. Macquarie lowered their target price on Walt Disney from $94.00 to $91.00 and set a “neutral” rating on the stock in a research note on Thursday, September 19th. Raymond James reissued a “market perform” rating on shares of Walt Disney in a research report on Tuesday, October 1st. Finally, UBS Group lowered their price objective on shares of Walt Disney from $130.00 to $120.00 and set a “buy” rating on the stock in a research report on Thursday, August 8th. Five investment analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $118.05.

Insider Buying and Selling at Walt Disney

In other Walt Disney news, Director Calvin Mcdonald acquired 11,756 shares of the business’s stock in a transaction that occurred on Thursday, August 8th. The stock was acquired at an average price of $85.06 per share, with a total value of $999,965.36. Following the transaction, the director now 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 ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.10% of the company’s stock.

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.