Fairfield Financial Advisors LTD Reduces Stock Position in The Walt Disney Company (NYSE:DIS)

Fairfield Financial Advisors LTD cut its position in shares of The Walt Disney Company (NYSE:DIS) by 8.3% in the third quarter, HoldingsChannel reports. The firm owned 1,968 shares of the entertainment giant’s stock after selling 178 shares during the period. Fairfield Financial Advisors LTD’s holdings in Walt Disney were worth $189,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of DIS. Ashton Thomas Private Wealth LLC grew its stake in Walt Disney by 19.3% during the 1st quarter. Ashton Thomas Private Wealth LLC now owns 20,842 shares of the entertainment giant’s stock worth $2,550,000 after buying an additional 3,373 shares during the last quarter. China Universal Asset Management Co. Ltd. raised its holdings in Walt Disney by 30.7% in the 1st quarter. China Universal Asset Management Co. Ltd. now owns 15,672 shares of the entertainment giant’s stock worth $1,918,000 after purchasing an additional 3,681 shares during the period. Norden Group LLC raised its holdings in shares of Walt Disney by 4.8% during the first quarter. Norden Group LLC now owns 9,537 shares of the entertainment giant’s stock valued at $1,167,000 after acquiring an additional 439 shares during the last quarter. Lodestone Wealth Management LLC acquired a new position in shares of Walt Disney during the first quarter valued at approximately $264,000. Finally, Diversify Advisory Services LLC acquired a new stake in shares of Walt Disney in the first quarter valued at approximately $5,648,000. 65.71% of the stock is owned by institutional investors.

Analyst Ratings Changes

DIS has been the subject of several analyst reports. Barclays lowered their price objective on Walt Disney from $130.00 to $105.00 and set an “overweight” rating for the company in a research report on Thursday, August 8th. UBS Group cut their price objective on shares of Walt Disney from $130.00 to $120.00 and set a “buy” rating on the stock in a report on Thursday, August 8th. Needham & Company LLC reaffirmed a “buy” rating and issued a $110.00 target price on shares of Walt Disney in a report on Wednesday, October 23rd. Loop Capital dropped their price objective on shares of Walt Disney from $139.00 to $130.00 and set a “buy” rating on the stock in a research note on Tuesday, July 30th. Finally, Wells Fargo & Company dropped 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 note on Thursday, August 8th. Five research 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 stock. According to data from MarketBeat, Walt Disney has an average rating of “Moderate Buy” and a consensus price target of $118.05.

Walt Disney Stock Performance

DIS traded up $0.97 during trading hours on Thursday, hitting $96.05. 2,855,704 shares of the stock were exchanged, compared to its average volume of 10,779,645. The stock has a 50-day simple moving average of $92.93 and a 200-day simple moving average of $97.69. The Walt Disney Company has a 12 month low of $80.18 and a 12 month high of $123.74. The stock has a market cap of $175.10 billion, a price-to-earnings ratio of 103.30, a price-to-earnings-growth ratio of 1.49 and a beta of 1.40. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.72 and a quick ratio of 0.66.

Walt Disney (NYSE:DIS) last announced its quarterly earnings data 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. Walt Disney had a return on equity of 8.64% and a net margin of 5.30%. The firm had revenue of $23.20 billion for the quarter, compared to analysts’ expectations of $23.08 billion. During the same period last year, the business posted $1.03 earnings per share. The firm’s revenue for the quarter was up 3.9% on a year-over-year basis. Analysts anticipate that The Walt Disney Company will post 4.92 earnings per share for the current year.

Insider Buying and Selling

In related news, Director Calvin Mcdonald bought 11,756 shares of the company’s stock in a transaction on Thursday, August 8th. The shares were purchased at an average cost of $85.06 per share, with a total value of $999,965.36. Following the completion of the transaction, the director now directly owns 22,313 shares of the company’s stock, valued at approximately $1,897,943.78. This represents a 100.00 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.10% of the stock is currently owned by company insiders.

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.