Hazlett Burt & Watson Inc. Lowers Stake in The Walt Disney Company (NYSE:DIS)

Hazlett Burt & Watson Inc. decreased its position in shares of The Walt Disney Company (NYSE:DIS) by 14.1% during the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 6,028 shares of the entertainment giant’s stock after selling 991 shares during the period. Hazlett Burt & Watson Inc.’s holdings in Walt Disney were worth $580,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of DIS. ESL Trust Services LLC purchased a new stake in shares of Walt Disney in the first quarter valued at $31,000. William B. Walkup & Associates Inc. purchased a new stake in Walt Disney in the 2nd quarter valued at about $32,000. Mascoma Wealth Management LLC increased its stake in shares of Walt Disney by 38.0% during the 2nd quarter. Mascoma Wealth Management LLC now owns 443 shares of the entertainment giant’s stock valued at $44,000 after acquiring an additional 122 shares during the last quarter. First PREMIER Bank lifted its holdings in shares of 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 acquiring an additional 256 shares during the period. Finally, Iron Horse Wealth Management LLC boosted its position in shares of Walt Disney by 148.7% in the second quarter. Iron Horse Wealth Management LLC now owns 557 shares of the entertainment giant’s stock worth $55,000 after acquiring an additional 333 shares during the last quarter. Institutional investors and hedge funds own 65.71% of the company’s stock.

Walt Disney Stock Down 0.3 %

Shares of NYSE:DIS traded down $0.31 during trading on Monday, hitting $95.50. The company’s stock had a trading volume of 1,167,639 shares, compared to its average volume of 10,746,053. The Walt Disney Company has a fifty-two week low of $83.59 and a fifty-two week high of $123.74. The stock’s 50-day moving average price is $93.16 and its two-hundred day moving average price is $97.34. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.66 and a current ratio of 0.72. The company has a market capitalization of $173.20 billion, a PE ratio of 36.85, a PEG ratio of 1.53 and a beta of 1.40.

Walt Disney (NYSE:DIS) last released its earnings results on Wednesday, August 7th. The entertainment giant reported $1.39 EPS for the quarter, beating the consensus estimate of $1.20 by $0.19. The company had revenue of $23.20 billion during the quarter, compared to analysts’ expectations 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 period in the prior year, the business posted $1.03 EPS. As a group, sell-side analysts expect that The Walt Disney Company will post 4.93 EPS for the current year.

Insider Activity

In other news, Director Calvin Mcdonald purchased 11,756 shares of the firm’s stock in a transaction that occurred on Thursday, August 8th. The stock was acquired at an average cost of $85.06 per share, for a total transaction of $999,965.36. Following the completion of the purchase, the director now owns 22,313 shares of the company’s stock, valued at approximately $1,897,943.78. This trade represents a 100.00 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.10% of the company’s stock.

Wall Street Analysts Forecast Growth

DIS has been the topic of a number of recent analyst reports. UBS Group cut their price target on shares of Walt Disney from $130.00 to $120.00 and set a “buy” rating on the stock in a research note on Thursday, August 8th. Seaport Res Ptn raised Walt Disney from a “hold” rating to a “strong-buy” rating in a research report on Monday, September 30th. Piper Sandler began coverage on Walt Disney in a research note on Wednesday, October 16th. They set a “neutral” rating and a $95.00 price target for the company. Raymond James reaffirmed a “market perform” rating on shares of Walt Disney in a research note on Tuesday, October 1st. Finally, Morgan Stanley dropped their target price on shares of Walt Disney from $130.00 to $110.00 and set an “overweight” rating for the company in a research report on Monday, August 5th. Five 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 company. According to MarketBeat, Walt Disney currently has an average rating of “Moderate Buy” and a consensus target price 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.