Ramsay Stattman Vela & Price Inc. Has $5.27 Million Stock Holdings in The Walt Disney Company (NYSE:DIS)

Ramsay Stattman Vela & Price Inc. reduced its stake in The Walt Disney Company (NYSE:DIS) by 17.8% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 54,760 shares of the entertainment giant’s stock after selling 11,871 shares during the quarter. Ramsay Stattman Vela & Price Inc.’s holdings in Walt Disney were worth $5,267,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Farmers & Merchants Investments Inc. increased its position in Walt Disney by 0.8% during the 3rd quarter. Farmers & Merchants Investments Inc. now owns 158,215 shares of the entertainment giant’s stock worth $15,219,000 after buying an additional 1,262 shares during the period. MONECO Advisors LLC grew its position in Walt Disney by 7.5% during the third quarter. MONECO Advisors LLC now owns 17,739 shares of the entertainment giant’s stock worth $1,706,000 after buying an additional 1,237 shares in the last quarter. Integrated Advisors Network LLC raised its holdings in Walt Disney by 2.7% in the 3rd quarter. Integrated Advisors Network LLC now owns 21,337 shares of the entertainment giant’s stock valued at $2,052,000 after acquiring an additional 558 shares in the last quarter. Gibraltar Capital Management Inc. lifted its position in shares of Walt Disney by 0.8% during the 3rd quarter. Gibraltar Capital Management Inc. now owns 67,289 shares of the entertainment giant’s stock valued at $6,472,000 after acquiring an additional 528 shares during the period. Finally, Wells Trecaso Financial Group LLC increased its position in shares of Walt Disney by 0.3% in the third quarter. Wells Trecaso Financial Group LLC now owns 42,891 shares of the entertainment giant’s stock worth $4,126,000 after purchasing an additional 135 shares during the period. 65.71% of the stock is owned by institutional investors.

Insider Activity

In other Walt Disney news, Director Calvin Mcdonald bought 11,756 shares of the 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 acquisition, the director now directly owns 22,313 shares of the company’s stock, valued at approximately $1,897,943.78. The trade was a 100.00 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.10% of the stock is currently owned by company insiders.

Walt Disney Trading Up 0.1 %

Shares of Walt Disney stock traded up $0.14 during midday trading on Tuesday, reaching $96.34. The company had a trading volume of 2,332,401 shares, compared to its average volume of 10,810,665. The firm has a market cap of $175.63 billion, a PE ratio of 104.57, a P/E/G ratio of 1.49 and a beta of 1.40. The stock has a fifty day moving average price of $92.72 and a 200 day moving average price of $97.84. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.72 and a quick ratio of 0.66. The Walt Disney Company has a fifty-two week low of $79.53 and a fifty-two week 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 for the quarter, topping analysts’ consensus estimates 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 return on equity of 8.64% and a net margin of 5.30%. The firm’s revenue for the quarter was up 3.9% on a year-over-year basis. During the same period in the previous year, the company posted $1.03 earnings per share. On average, equities analysts anticipate that The Walt Disney Company will post 4.92 earnings per share for the current year.

Analyst Ratings Changes

Several equities analysts have commented on DIS shares. Evercore ISI decreased their target price on shares of Walt Disney from $128.00 to $105.00 and set an “outperform” rating on the stock in a report on Thursday, August 8th. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Walt Disney from $130.00 to $115.00 and set a “buy” rating on the stock in a research note on Thursday, August 8th. 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. Piper Sandler assumed coverage on Walt Disney in a report on Wednesday, October 16th. They set a “neutral” rating and a $95.00 price target for the company. Finally, Bank of America reduced their price objective on Walt Disney from $145.00 to $120.00 and set a “buy” rating on the stock in a research note on Thursday, August 8th. Five analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Walt Disney presently has an average rating of “Moderate Buy” and an average price target of $118.05.

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.