The Walt Disney Company (NYSE:DIS) Shares Sold by Northern Financial Advisors Inc

Northern Financial Advisors Inc decreased its position in The Walt Disney Company (NYSE:DIS) by 19.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,892 shares of the entertainment giant’s stock after selling 713 shares during the quarter. Northern Financial Advisors Inc’s holdings in Walt Disney were worth $278,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in DIS. Private Wealth Partners LLC lifted its holdings in Walt Disney by 10.6% in the 3rd quarter. Private Wealth Partners LLC now owns 100,259 shares of the entertainment giant’s stock worth $9,644,000 after buying an additional 9,604 shares in the last quarter. Conning Inc. raised its holdings in Walt Disney by 13.3% in the third quarter. Conning Inc. now owns 55,617 shares of the entertainment giant’s stock valued at $5,350,000 after acquiring an additional 6,545 shares in the last quarter. Optas LLC boosted its stake in Walt Disney by 73.1% during the 3rd quarter. Optas LLC now owns 7,282 shares of the entertainment giant’s stock valued at $700,000 after acquiring an additional 3,074 shares during the last quarter. Lmcg Investments LLC grew its holdings in Walt Disney by 18.6% during the 3rd quarter. Lmcg Investments LLC now owns 147,353 shares of the entertainment giant’s stock worth $14,174,000 after acquiring an additional 23,116 shares in the last quarter. Finally, Investors Asset Management of Georgia Inc. GA ADV increased its position in shares of Walt Disney by 4.4% in the 3rd quarter. Investors Asset Management of Georgia Inc. GA ADV now owns 14,125 shares of the entertainment giant’s stock worth $1,359,000 after purchasing an additional 589 shares during the last quarter. Hedge funds and other institutional investors own 65.71% of the company’s stock.

Walt Disney Stock Down 0.4 %

DIS opened at $95.81 on Friday. The stock’s fifty day moving average is $93.16 and its 200-day moving average is $97.45. The Walt Disney Company has a one year low of $81.82 and a one year high of $123.74. The company has a market capitalization of $173.76 billion, a PE ratio of 36.85, a P/E/G ratio of 1.51 and a beta of 1.40. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.66 and a current ratio of 0.72.

Walt Disney (NYSE:DIS) last issued its quarterly earnings results on Wednesday, August 7th. The entertainment giant reported $1.39 earnings per share for the quarter, beating 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 net margin of 5.30% and a return on equity of 8.64%. Walt Disney’s revenue was up 3.9% on a year-over-year basis. During the same period in the prior year, the company earned $1.03 EPS. On average, equities analysts predict that The Walt Disney Company will post 4.93 EPS for the current fiscal year.

Insider Buying and Selling at Walt Disney

In related news, Director Calvin Mcdonald purchased 11,756 shares of the company’s stock in a transaction that occurred on Thursday, August 8th. The shares were purchased at an average price of $85.06 per share, with a total value of $999,965.36. Following the purchase, 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 acquisition was disclosed in a document filed with the SEC, which is available at the SEC website. 0.10% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on DIS shares. JPMorgan Chase & Co. lowered their price objective on Walt Disney from $135.00 to $125.00 and set an “overweight” rating for the company in a report on Thursday, August 8th. Barclays lowered their price objective on shares of Walt Disney from $130.00 to $105.00 and set an “overweight” rating for the company in a research report on Thursday, August 8th. Evercore ISI decreased their target price on Walt Disney from $128.00 to $105.00 and set an “outperform” rating for the company in a research note on Thursday, August 8th. 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. Finally, Morgan Stanley reduced their price target on shares of Walt Disney from $130.00 to $110.00 and set an “overweight” rating for the company in a report on Monday, August 5th. Five investment 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 company. Based on data from MarketBeat, the stock 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.