Quantum Private Wealth LLC Lowers Holdings in The Walt Disney Company (NYSE:DIS)

Quantum Private Wealth LLC lowered its stake in shares of The Walt Disney Company (NYSE:DIS) by 13.5% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,548 shares of the entertainment giant’s stock after selling 552 shares during the quarter. Quantum Private Wealth LLC’s holdings in Walt Disney were worth $341,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of DIS. Concurrent Investment Advisors LLC grew its stake in shares of Walt Disney by 8.4% during the 3rd quarter. Concurrent Investment Advisors LLC now owns 66,744 shares of the entertainment giant’s stock valued at $6,420,000 after buying an additional 5,184 shares during the period. Lmcg Investments LLC grew its position in Walt Disney by 18.6% during the third quarter. Lmcg Investments LLC now owns 147,353 shares of the entertainment giant’s stock valued at $14,174,000 after acquiring an additional 23,116 shares during the period. PGGM Investments purchased a new stake in Walt Disney during the first quarter valued at about $1,036,000. Nisa Investment Advisors LLC increased its stake in Walt Disney by 22.2% during the third quarter. Nisa Investment Advisors LLC now owns 704,887 shares of the entertainment giant’s stock worth $67,803,000 after acquiring an additional 127,859 shares during the last quarter. Finally, Advisors Asset Management Inc. lifted its stake in shares of Walt Disney by 30.8% in the 1st quarter. Advisors Asset Management Inc. now owns 25,987 shares of the entertainment giant’s stock valued at $3,180,000 after purchasing an additional 6,118 shares in the last quarter. 65.71% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts recently issued reports on the stock. Deutsche Bank Aktiengesellschaft dropped their target price on shares of Walt Disney from $130.00 to $115.00 and set a “buy” rating for the company in a research report on Thursday, August 8th. Raymond James reissued a “market perform” rating on shares of Walt Disney in a research note on Tuesday, October 1st. Wells Fargo & Company lowered their price target on Walt Disney from $136.00 to $116.00 and set an “overweight” rating for the company in a report on Thursday, August 8th. JPMorgan Chase & Co. reduced their price objective on Walt Disney from $135.00 to $125.00 and set an “overweight” rating on the stock in a research note on Thursday, August 8th. Finally, Morgan Stanley lowered their target price on Walt Disney from $130.00 to $110.00 and set an “overweight” rating for the company in a research note on Monday, August 5th. Five equities research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $118.05.

Walt Disney Trading Down 0.9 %

NYSE DIS opened at $98.05 on Friday. 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 one year low of $83.91 and a one year high of $123.74. The company has a 50-day simple moving average of $93.54 and a 200-day simple moving average of $97.12. The firm has a market capitalization of $177.82 billion, a PE ratio of 38.05, a price-to-earnings-growth ratio of 1.52 and a beta of 1.40.

Walt Disney (NYSE:DIS) last issued its earnings results on Wednesday, August 7th. The entertainment giant reported $1.39 EPS for the quarter, beating analysts’ consensus estimates of $1.20 by $0.19. The company 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%. Walt Disney’s quarterly revenue was up 3.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.03 earnings per share. On average, equities analysts forecast that The Walt Disney Company will post 4.93 earnings per share for the current year.

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.