The Walt Disney Company (NYSE:DIS) Shares Sold by Sunpointe LLC

Sunpointe LLC lessened its stake in shares of The Walt Disney Company (NYSE:DIS) by 3.1% in the 3rd quarter, Holdings Channel.com reports. The firm owned 4,764 shares of the entertainment giant’s stock after selling 152 shares during the quarter. Sunpointe LLC’s holdings in Walt Disney were worth $458,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently modified their holdings of the company. Roberts Wealth Advisors LLC lifted its stake in shares of Walt Disney by 20.7% in the 3rd quarter. Roberts Wealth Advisors LLC now owns 46,404 shares of the entertainment giant’s stock worth $4,293,000 after acquiring an additional 7,963 shares during the period. Bill Few Associates Inc. boosted its holdings in Walt Disney by 4.0% during the third quarter. Bill Few Associates Inc. now owns 25,165 shares of the entertainment giant’s stock worth $2,421,000 after buying an additional 969 shares in the last quarter. CFM Wealth Partners LLC increased its holdings in Walt Disney by 22.9% in the third quarter. CFM Wealth Partners LLC now owns 4,463 shares of the entertainment giant’s stock valued at $429,000 after buying an additional 833 shares in the last quarter. QV Investors Inc. lifted its position in shares of Walt Disney by 0.3% during the 3rd quarter. QV Investors Inc. now owns 110,570 shares of the entertainment giant’s stock valued at $10,636,000 after acquiring an additional 280 shares during the period. Finally, Prospect Financial Services LLC boosted its stake in shares of Walt Disney by 12.2% during the 3rd quarter. Prospect Financial Services LLC now owns 6,928 shares of the entertainment giant’s stock worth $666,000 after acquiring an additional 754 shares in the last quarter. 65.71% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Walt Disney

In other news, Director Calvin Mcdonald purchased 11,756 shares of the stock in a transaction dated Thursday, August 8th. The stock was acquired at an average price of $85.06 per share, for a total transaction of $999,965.36. Following the completion of the transaction, the director now 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 ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.10% of the stock is currently owned by company insiders.

Walt Disney Stock Performance

DIS traded up $0.14 on Wednesday, hitting $94.36. 344,811 shares of the company’s stock were exchanged, compared to its average volume of 10,953,157. The company has a current ratio of 0.72, a quick ratio of 0.66 and a debt-to-equity ratio of 0.38. The stock has a fifty day moving average of $91.08 and a two-hundred day moving average of $99.26. The Walt Disney Company has a twelve month low of $79.23 and a twelve month high of $123.74. The firm has a market cap of $172.02 billion, a PE ratio of 102.47, a P/E/G ratio of 1.49 and a beta of 1.40.

Walt Disney (NYSE:DIS) last announced its quarterly earnings results on Wednesday, August 7th. The entertainment giant reported $1.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.20 by $0.19. The business had revenue of $23.20 billion for 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 business’s revenue was up 3.9% on a year-over-year basis. During the same quarter last year, the business posted $1.03 EPS. On average, research analysts anticipate that The Walt Disney Company will post 4.92 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

DIS has been the topic of a number of research analyst reports. Raymond James reiterated a “market perform” rating on shares of Walt Disney in a research report on Tuesday, October 1st. Wells Fargo & Company cut their price objective on shares of Walt Disney from $136.00 to $116.00 and set an “overweight” rating on the stock in a report on Thursday, August 8th. UBS Group dropped their price target on shares of Walt Disney from $130.00 to $120.00 and set a “buy” rating for the company in a research report on Thursday, August 8th. JPMorgan Chase & Co. cut their price target on shares of 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, Barclays lowered their price objective on shares of Walt Disney from $130.00 to $105.00 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 assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Walt Disney has an average rating of “Moderate Buy” and an average target price 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.