The Walt Disney Company (NYSE:DIS) Shares Sold by Migdal Insurance & Financial Holdings Ltd.

Migdal Insurance & Financial Holdings Ltd. reduced its stake in shares of The Walt Disney Company (NYSE:DIS) by 0.0% during the 3rd quarter, HoldingsChannel reports. The firm owned 395,159 shares of the entertainment giant’s stock after selling 163 shares during the quarter. Migdal Insurance & Financial Holdings Ltd.’s holdings in Walt Disney were worth $38,010,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in DIS. Quent Capital LLC raised its position in shares of Walt Disney by 4.4% during the 1st quarter. Quent Capital LLC now owns 7,766 shares of the entertainment giant’s stock valued at $950,000 after buying an additional 327 shares during the period. Sei Investments Co. raised its position in Walt Disney by 25.0% in the first quarter. Sei Investments Co. now owns 595,506 shares of the entertainment giant’s stock valued at $72,865,000 after purchasing an additional 119,207 shares during the period. Choate Investment Advisors raised its position in Walt Disney by 11.3% in the first quarter. Choate Investment Advisors now owns 74,130 shares of the entertainment giant’s stock valued at $9,071,000 after purchasing an additional 7,511 shares during the period. NorthRock Partners LLC raised its position in Walt Disney by 4.3% in the first quarter. NorthRock Partners LLC now owns 17,314 shares of the entertainment giant’s stock valued at $2,118,000 after purchasing an additional 708 shares during the period. Finally, Pointe Capital Management LLC purchased a new stake in Walt Disney in the first quarter valued at approximately $282,000. 65.71% of the stock is currently owned by institutional investors and hedge funds.

Walt Disney Stock Performance

Shares of NYSE DIS traded up $0.09 during trading hours on Friday, hitting $99.02. 7,982,113 shares of the stock were exchanged, compared to its average volume of 7,450,800. 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 company’s 50 day moving average is $93.90 and its 200 day moving average is $97.05. The firm has a market capitalization of $179.58 billion, a P/E ratio of 38.08, a P/E/G ratio of 1.57 and a beta of 1.40. The Walt Disney Company has a one year low of $83.91 and a one year high of $123.74.

Walt Disney (NYSE:DIS) last issued its quarterly earnings results 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 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%. The business’s revenue was up 3.9% on a year-over-year basis. During the same period in the prior year, the firm earned $1.03 EPS. On average, research analysts expect that The Walt Disney Company will post 4.93 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on DIS. Loop Capital cut their target price on Walt Disney from $139.00 to $130.00 and set a “buy” rating on the stock in a research report on Tuesday, July 30th. Deutsche Bank Aktiengesellschaft dropped their price target on shares of Walt Disney from $130.00 to $115.00 and set a “buy” rating for the company in a research note on Thursday, August 8th. Raymond James restated a “market perform” rating on shares of Walt Disney in a research note on Tuesday, October 1st. Wells Fargo & Company dropped their price target on shares of Walt Disney from $136.00 to $116.00 and set an “overweight” rating for the company in a research note on Thursday, August 8th. Finally, JPMorgan Chase & Co. dropped their price target on shares of Walt Disney from $135.00 to $125.00 and set an “overweight” rating for the company in a research note 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 stock. According to MarketBeat, Walt Disney currently has a consensus rating of “Moderate Buy” and a consensus target price 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.