Dakota Wealth Management Sells 33,107 Shares of The Walt Disney Company (NYSE:DIS)

Dakota Wealth Management lessened its position in shares of The Walt Disney Company (NYSE:DIS) by 26.7% in the third quarter, HoldingsChannel.com reports. The fund owned 90,970 shares of the entertainment giant’s stock after selling 33,107 shares during the period. Dakota Wealth Management’s holdings in Walt Disney were worth $8,750,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the company. Sendero Wealth Management LLC increased its holdings in shares of Walt Disney by 2.0% in the first quarter. Sendero Wealth Management LLC now owns 4,649 shares of the entertainment giant’s stock worth $569,000 after purchasing an additional 89 shares during the period. Regent Peak Wealth Advisors LLC grew its position in Walt Disney by 3.5% during the first quarter. Regent Peak Wealth Advisors LLC now owns 2,801 shares of the entertainment giant’s stock worth $343,000 after buying an additional 94 shares in the last quarter. Horizon Bancorp Inc. IN increased its stake in Walt Disney by 6.1% in the 1st quarter. Horizon Bancorp Inc. IN now owns 1,674 shares of the entertainment giant’s stock worth $205,000 after acquiring an additional 96 shares during the last quarter. KFA Private Wealth Group LLC raised its holdings in shares of Walt Disney by 4.1% in the 1st quarter. KFA Private Wealth Group LLC now owns 2,691 shares of the entertainment giant’s stock valued at $329,000 after acquiring an additional 106 shares in the last quarter. Finally, Transcendent Capital Group LLC boosted its position in shares of Walt Disney by 1.4% during the 1st quarter. Transcendent Capital Group LLC now owns 7,912 shares of the entertainment giant’s stock valued at $968,000 after acquiring an additional 108 shares during the last quarter. Institutional investors and hedge funds own 65.71% of the company’s stock.

Insider Activity at Walt Disney

In related news, Director Calvin Mcdonald purchased 11,756 shares of the business’s stock in a transaction that occurred on Thursday, August 8th. The shares were 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 directly owns 22,313 shares in the company, valued at approximately $1,897,943.78. The trade was a 100.00 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.10% of the stock is owned by corporate insiders.

Walt Disney Trading Down 0.8 %

Shares of DIS opened at $95.43 on Friday. The stock has a market capitalization of $173.97 billion, a P/E ratio of 103.73, a PEG ratio of 1.49 and a beta of 1.40. The Walt Disney Company has a twelve month low of $79.23 and a twelve month high of $123.74. The company has a quick ratio of 0.66, a current ratio of 0.72 and a debt-to-equity ratio of 0.38. The firm has a fifty day simple moving average of $92.36 and a two-hundred day simple moving average of $98.44.

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, beating analysts’ consensus estimates of $1.20 by $0.19. Walt Disney had a return on equity of 8.64% and a net margin of 5.30%. The company had revenue of $23.20 billion for the quarter, compared to the consensus estimate of $23.08 billion. During the same quarter in the previous year, the business earned $1.03 EPS. Walt Disney’s revenue was up 3.9% compared to the same quarter last year. On average, research analysts anticipate that The Walt Disney Company will post 4.92 EPS for the current year.

Analyst Ratings Changes

Several research analysts recently weighed in on the stock. Raymond James restated a “market perform” rating on shares of Walt Disney in a research report on Tuesday, October 1st. Wells Fargo & Company lowered their price objective on shares of Walt Disney from $136.00 to $116.00 and set an “overweight” rating on the stock in a research report on Thursday, August 8th. Barclays dropped their price objective on shares of Walt Disney from $130.00 to $105.00 and set an “overweight” rating for the company in a report on Thursday, August 8th. Morgan Stanley reduced their target price on Walt Disney from $130.00 to $110.00 and set an “overweight” rating on the stock in a research note on Monday, August 5th. Finally, Deutsche Bank Aktiengesellschaft dropped 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. Five investment analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $118.05.

Walt Disney 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.