Costello Asset Management INC Sells 560 Shares of The Walt Disney Company (NYSE:DIS)

Costello Asset Management INC decreased its holdings in The Walt Disney Company (NYSE:DIS) by 2.2% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 25,213 shares of the entertainment giant’s stock after selling 560 shares during the quarter. Walt Disney accounts for approximately 1.6% of Costello Asset Management INC’s investment portfolio, making the stock its 23rd biggest holding. Costello Asset Management INC’s holdings in Walt Disney were worth $2,425,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. ESL Trust Services LLC bought a new stake in shares of Walt Disney in the 1st quarter worth $31,000. William B. Walkup & Associates Inc. bought a new stake in Walt Disney in the 2nd quarter worth about $32,000. Mascoma Wealth Management LLC increased its stake in 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 buying an additional 122 shares during the last quarter. First PREMIER Bank lifted its position in shares of 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 buying an additional 256 shares in the last quarter. Finally, Iron Horse Wealth Management LLC boosted its stake in shares of Walt Disney by 148.7% in the 2nd quarter. Iron Horse Wealth Management LLC now owns 557 shares of the entertainment giant’s stock worth $55,000 after buying an additional 333 shares during the last quarter. Institutional investors and hedge funds own 65.71% of the company’s stock.

Walt Disney Stock Up 0.1 %

DIS stock opened at $99.02 on Friday. The stock has a 50-day simple moving average of $93.90 and a two-hundred day simple moving average of $97.05. The Walt Disney Company has a twelve month low of $83.91 and a twelve month high of $123.74. The firm has a market capitalization of $179.58 billion, a PE ratio of 38.08, a PEG ratio of 1.57 and a beta of 1.40. The company has a quick ratio of 0.66, a current ratio of 0.72 and a debt-to-equity ratio of 0.38.

Walt Disney (NYSE:DIS) last issued its quarterly earnings data on Wednesday, August 7th. The entertainment giant reported $1.39 EPS for the quarter, beating the consensus estimate of $1.20 by $0.19. The company had revenue of $23.20 billion during the quarter, compared to analysts’ expectations of $23.08 billion. Walt Disney had a net margin of 5.30% and a return on equity of 8.64%. Walt Disney’s revenue for the quarter was up 3.9% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.03 earnings per share. On average, equities analysts predict that The Walt Disney Company will post 4.93 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts recently commented on the company. Morgan Stanley decreased their price target on Walt Disney from $130.00 to $110.00 and set an “overweight” rating for the company in a research report on Monday, August 5th. 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. Needham & Company LLC restated a “buy” rating and set a $110.00 price target on shares of Walt Disney in a research report on Wednesday, October 23rd. Barclays decreased their price objective on shares of Walt Disney from $130.00 to $105.00 and set an “overweight” rating for the company in a report on Thursday, August 8th. Finally, UBS Group dropped their target price on shares of Walt Disney from $130.00 to $120.00 and set a “buy” rating on the stock in a research note on Thursday, August 8th. Five equities research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, Walt Disney currently has a consensus rating of “Moderate Buy” and a consensus price target of $118.05.

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.