Schmidt P J Investment Management Inc. Trims Holdings in The Walt Disney Company (NYSE:DIS)

Schmidt P J Investment Management Inc. reduced its holdings in shares of The Walt Disney Company (NYSE:DIS) by 31.0% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 3,214 shares of the entertainment giant’s stock after selling 1,441 shares during the period. Schmidt P J Investment Management Inc.’s holdings in Walt Disney were worth $309,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in DIS. ESL Trust Services LLC purchased a new stake in Walt Disney during the 1st quarter worth approximately $31,000. William B. Walkup & Associates Inc. purchased a new stake in Walt Disney during the 2nd quarter worth approximately $32,000. Mascoma Wealth Management LLC increased its stake in Walt Disney by 38.0% during the 2nd quarter. Mascoma Wealth Management LLC now owns 443 shares of the entertainment giant’s stock worth $44,000 after buying an additional 122 shares during the period. Red Tortoise LLC increased its stake in Walt Disney by 141.4% during the 1st quarter. Red Tortoise LLC now owns 367 shares of the entertainment giant’s stock worth $45,000 after buying an additional 215 shares during the period. Finally, First PREMIER Bank increased its stake in 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 during the period. 65.71% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, Director Calvin Mcdonald bought 11,756 shares of Walt Disney stock in a transaction dated Thursday, August 8th. The stock was bought at an average price of $85.06 per share, for a total transaction of $999,965.36. Following the purchase, 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 the SEC website. 0.10% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on DIS shares. Bank of America cut their target price on shares of Walt Disney from $145.00 to $120.00 and set a “buy” rating on the stock in a research note on Thursday, August 8th. Evercore ISI dropped their price objective on shares of Walt Disney from $128.00 to $105.00 and set an “outperform” rating on the stock in a research report on Thursday, August 8th. Morgan Stanley dropped their price objective on shares of Walt Disney from $130.00 to $110.00 and set an “overweight” rating on the stock in a research report on Monday, August 5th. Seaport Res Ptn raised shares of Walt Disney from a “hold” rating to a “strong-buy” rating in a research report on Monday, September 30th. Finally, Raymond James reissued a “market perform” rating on shares of Walt Disney in a research report on Tuesday, October 1st. Five 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.com, Walt Disney currently has an average rating of “Moderate Buy” and a consensus target price of $118.05.

Walt Disney Stock Down 0.8 %

Shares of NYSE:DIS opened at $95.43 on Friday. The stock has a market cap of $173.97 billion, a P/E ratio of 103.73, a P/E/G ratio of 1.49 and a beta of 1.40. The firm has a fifty day moving average price of $92.36 and a 200 day moving average price of $98.44. 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 Walt Disney Company has a 1-year low of $79.23 and a 1-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, topping analysts’ consensus estimates of $1.20 by $0.19. The firm 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 quarterly revenue was up 3.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.03 EPS. Sell-side analysts predict that The Walt Disney Company will post 4.92 EPS for the current year.

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.