The Walt Disney Company (NYSE:DIS) Shares Sold by Altus Wealth Group LLC

Altus Wealth Group LLC trimmed its holdings in shares of The Walt Disney Company (NYSE:DIS) by 6.2% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 5,112 shares of the entertainment giant’s stock after selling 339 shares during the period. Altus Wealth Group LLC’s holdings in Walt Disney were worth $492,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Sound Income Strategies LLC boosted its position in shares of Walt Disney by 9.6% in the 1st quarter. Sound Income Strategies LLC now owns 4,488 shares of the entertainment giant’s stock valued at $549,000 after purchasing an additional 394 shares during the period. Eagle Rock Investment Company LLC boosted its position in Walt Disney by 15.8% during the 1st quarter. Eagle Rock Investment Company LLC now owns 63,387 shares of the entertainment giant’s stock worth $7,756,000 after acquiring an additional 8,658 shares during the period. Elevated Capital Advisors LLC boosted its position in Walt Disney by 5.0% during the 1st quarter. Elevated Capital Advisors LLC now owns 6,107 shares of the entertainment giant’s stock worth $747,000 after acquiring an additional 291 shares during the period. Brookstone Capital Management boosted its position in Walt Disney by 9.1% during the 1st quarter. Brookstone Capital Management now owns 101,680 shares of the entertainment giant’s stock worth $12,442,000 after acquiring an additional 8,496 shares during the period. Finally, Future Financial Wealth Managment LLC acquired a new stake in Walt Disney during the 1st quarter worth about $233,000. 65.71% of the stock is owned by institutional investors and hedge funds.

Walt Disney Trading Up 0.2 %

Shares of DIS stock traded up $0.19 on Wednesday, reaching $96.93. 864,969 shares of the stock were exchanged, compared to its average volume of 10,891,578. The stock has a market cap of $176.71 billion, a PE ratio of 105.20, a P/E/G ratio of 1.49 and a beta of 1.40. The Walt Disney Company has a one year low of $79.23 and a one year high of $123.74. 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 stock has a 50 day moving average price of $92.16 and a 200 day moving average price of $98.45.

Walt Disney (NYSE:DIS) last released its 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 company had revenue of $23.20 billion during 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 firm’s quarterly revenue was up 3.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.03 earnings per share. Equities research analysts forecast that The Walt Disney Company will post 4.92 EPS for the current fiscal year.

Analysts Set New Price Targets

DIS has been the subject of a number of recent research reports. Bank of America cut their price target on Walt Disney from $145.00 to $120.00 and set a “buy” rating for the company in a research note on Thursday, August 8th. Wells Fargo & Company cut their price target on Walt Disney from $136.00 to $116.00 and set an “overweight” rating for the company in a research note on Thursday, August 8th. Morgan Stanley cut their price target on Walt Disney from $130.00 to $110.00 and set an “overweight” rating for the company in a research note on Monday, August 5th. Deutsche Bank Aktiengesellschaft cut their price target on Walt Disney from $130.00 to $115.00 and set a “buy” rating for the company in a research note on Thursday, August 8th. Finally, Raymond James reissued a “market perform” rating on shares of Walt Disney in a research note on Tuesday, October 1st. Five analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $118.05.

Insider Transactions at Walt Disney

In related news, Director Calvin Mcdonald acquired 11,756 shares of the company’s stock in a transaction that occurred on 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 acquisition, the director now owns 22,313 shares of the company’s stock, valued at $1,897,943.78. This trade represents a 100.00 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. 0.10% of the stock is currently owned by corporate insiders.

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.