Birch Hill Investment Advisors LLC Lowers Stake in The Walt Disney Company (NYSE:DIS)

Birch Hill Investment Advisors LLC reduced its stake in shares of The Walt Disney Company (NYSE:DIS) by 3.9% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 23,221 shares of the entertainment giant’s stock after selling 934 shares during the quarter. Birch Hill Investment Advisors LLC’s holdings in Walt Disney were worth $2,234,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. ESL Trust Services LLC acquired a new position in shares of Walt Disney during the first quarter valued at about $31,000. William B. Walkup & Associates Inc. acquired a new position in shares of Walt Disney during the second quarter valued at about $32,000. Mascoma Wealth Management LLC increased its holdings in shares of Walt Disney by 38.0% during the second 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 in the last quarter. Red Tortoise LLC increased its holdings in shares of Walt Disney by 141.4% during the first quarter. Red Tortoise LLC now owns 367 shares of the entertainment giant’s stock valued at $45,000 after acquiring an additional 215 shares in the last quarter. Finally, First PREMIER Bank increased its holdings in shares of Walt Disney by 98.1% during the third quarter. First PREMIER Bank now owns 517 shares of the entertainment giant’s stock valued at $50,000 after acquiring an additional 256 shares in the last quarter. 65.71% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Walt Disney

In other news, Director Calvin Mcdonald acquired 11,756 shares of Walt Disney stock in a transaction that occurred on Thursday, August 8th. The stock was purchased at an average cost of $85.06 per share, with a total value of $999,965.36. Following the purchase, the director now owns 22,313 shares in the company, valued at $1,897,943.78. This trade represents a 100.00 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.10% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

DIS has been the topic of several recent analyst reports. Wells Fargo & Company cut their price objective on shares of Walt Disney from $136.00 to $116.00 and set an “overweight” rating on the stock in a report on Thursday, August 8th. Loop Capital dropped their target price on Walt Disney from $139.00 to $130.00 and set a “buy” rating on the stock in a research report on Tuesday, July 30th. Moffett Nathanson dropped their target price on Walt Disney from $130.00 to $125.00 and set a “buy” rating on the stock in a research report on Tuesday, July 2nd. Seaport Res Ptn upgraded Walt Disney from a “hold” rating to a “strong-buy” rating in a research report on Monday, September 30th. Finally, Deutsche Bank Aktiengesellschaft dropped their target price on Walt Disney from $130.00 to $115.00 and set a “buy” rating on the stock in a research report on Thursday, August 8th. Four research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $119.20.

Walt Disney Trading Up 1.2 %

Shares of DIS stock opened at $94.13 on Friday. The stock has a 50 day simple moving average of $90.85 and a 200-day simple moving average of $99.80. The Walt Disney Company has a 1-year low of $79.23 and a 1-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 company has a market cap of $171.60 billion, a price-to-earnings ratio of 102.32, a PEG ratio of 1.49 and a beta of 1.40.

Walt Disney (NYSE:DIS) last posted its quarterly earnings data on Wednesday, August 7th. The entertainment giant reported $1.39 EPS for the quarter, beating 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 during the quarter, compared to the consensus estimate of $23.08 billion. During the same period in the prior year, the company earned $1.03 EPS. The firm’s revenue was up 3.9% compared to the same quarter last year. On average, equities research analysts expect that The Walt Disney Company will post 4.92 EPS for the current fiscal year.

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.