The Walt Disney Company (NYSE:DIS) Shares Sold by Exchange Traded Concepts LLC

Exchange Traded Concepts LLC cut its stake in shares of The Walt Disney Company (NYSE:DIS) by 3.6% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 99,633 shares of the entertainment giant’s stock after selling 3,702 shares during the period. Exchange Traded Concepts LLC’s holdings in Walt Disney were worth $9,584,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in the stock. ESL Trust Services LLC acquired a new stake in shares of Walt Disney in the first quarter valued at about $31,000. William B. Walkup & Associates Inc. acquired a new stake in shares of Walt Disney in the second quarter valued at about $32,000. Mascoma Wealth Management LLC raised its position in shares of Walt Disney by 38.0% in the second 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. Red Tortoise LLC raised its position in shares of Walt Disney by 141.4% in the first quarter. Red Tortoise LLC now owns 367 shares of the entertainment giant’s stock valued at $45,000 after buying an additional 215 shares during the last quarter. Finally, First PREMIER Bank raised its position in shares of Walt Disney by 98.1% in the third quarter. First PREMIER Bank now owns 517 shares of the entertainment giant’s stock valued at $50,000 after buying an additional 256 shares during the last quarter. 65.71% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

DIS has been the subject of a number of recent research reports. The Goldman Sachs Group assumed coverage on shares of Walt Disney in a research report on Tuesday, June 25th. They issued a “buy” rating and a $125.00 target price for the company. Moffett Nathanson dropped their price objective on shares of Walt Disney from $130.00 to $125.00 and set a “buy” rating for the company in a report on Tuesday, July 2nd. Macquarie dropped their price objective on shares of Walt Disney from $94.00 to $91.00 and set a “neutral” rating for the company in a report on Thursday, September 19th. Morgan Stanley dropped their price objective on shares of Walt Disney from $130.00 to $110.00 and set an “overweight” rating for the company in a report on Monday, August 5th. Finally, Wells Fargo & Company dropped their price objective on shares of Walt Disney from $136.00 to $116.00 and set an “overweight” rating for the company in a report on Thursday, August 8th. Four analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Walt Disney has an average rating of “Moderate Buy” and an average price target of $119.20.

Insider Activity at Walt Disney

In other news, Director Calvin Mcdonald bought 11,756 shares of Walt Disney stock in a transaction that occurred on Thursday, August 8th. The shares were purchased at an average price of $85.06 per share, with a total value of $999,965.36. Following the completion of the acquisition, the director now directly owns 22,313 shares in the company, valued at $1,897,943.78. The trade was a 100.00 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.10% of the stock is owned by corporate insiders.

Walt Disney Trading Up 1.2 %

NYSE DIS opened at $94.13 on Monday. The firm has a 50 day simple moving average of $90.85 and a 200-day simple moving average of $99.65. 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 $79.23 and a one year high of $123.74. The firm has a market cap of $171.60 billion, a price-to-earnings ratio of 102.32, 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 EPS for the quarter, beating the consensus estimate of $1.20 by $0.19. The business had revenue of $23.20 billion during the quarter, compared to analyst estimates 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 for the quarter was up 3.9% compared to the same quarter last year. During the same quarter last year, the firm posted $1.03 earnings per share. Equities research analysts anticipate that The Walt Disney Company will post 4.92 EPS for the current fiscal 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.