The Walt Disney Company (NYSE:DIS) Shares Sold by Northeast Investment Management

Northeast Investment Management decreased its position in shares of The Walt Disney Company (NYSE:DIS) by 11.1% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 191,869 shares of the entertainment giant’s stock after selling 24,076 shares during the quarter. Northeast Investment Management’s holdings in Walt Disney were worth $18,456,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. ESL Trust Services LLC purchased a new position in Walt Disney during the first quarter valued at approximately $31,000. William B. Walkup & Associates Inc. purchased a new stake in shares of Walt Disney during the second quarter worth approximately $32,000. Mascoma Wealth Management LLC increased its position 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 worth $44,000 after purchasing an additional 122 shares in the last quarter. First PREMIER Bank boosted its stake in Walt Disney by 98.1% during the third quarter. First PREMIER Bank now owns 517 shares of the entertainment giant’s stock worth $50,000 after buying an additional 256 shares during the last quarter. Finally, Iron Horse Wealth Management LLC boosted its stake in Walt Disney by 148.7% during the second quarter. Iron Horse Wealth Management LLC now owns 557 shares of the entertainment giant’s stock worth $55,000 after buying an additional 333 shares during the last quarter. Institutional investors and hedge funds own 65.71% of the company’s stock.

Insider Activity at Walt Disney

In other news, Director Calvin Mcdonald purchased 11,756 shares of the stock in a transaction on Thursday, August 8th. The stock was purchased at an average price of $85.06 per share, with a total value of $999,965.36. Following the completion of the transaction, the director now owns 22,313 shares in the company, valued at approximately $1,897,943.78. The trade was a 100.00 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.10% of the company’s stock.

Walt Disney Stock Performance

NYSE DIS opened at $95.81 on Monday. The Walt Disney Company has a fifty-two week low of $81.82 and a fifty-two week high of $123.74. The stock has a market cap of $173.76 billion, a price-to-earnings ratio of 36.85, a price-to-earnings-growth ratio of 1.53 and a beta of 1.40. The business has a fifty day moving average of $93.16 and a 200-day moving average of $97.34. The company has a quick ratio of 0.66, a current ratio of 0.72 and a debt-to-equity ratio of 0.38.

Walt Disney (NYSE:DIS) last released its quarterly earnings results on Wednesday, August 7th. The entertainment giant reported $1.39 earnings per share for the quarter, topping analysts’ consensus estimates 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 for the quarter was up 3.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.03 earnings per share. As a group, analysts predict that The Walt Disney Company will post 4.93 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the company. Piper Sandler began coverage on Walt Disney in a research note on Wednesday, October 16th. They issued a “neutral” rating and a $95.00 price target on the stock. Raymond James restated a “market perform” rating on shares of Walt Disney in a report on Tuesday, October 1st. Macquarie dropped their price objective on Walt Disney from $94.00 to $91.00 and set a “neutral” rating on the stock in a report on Thursday, September 19th. Bank of America decreased their target price on Walt Disney from $145.00 to $120.00 and set a “buy” rating for the company in a research report on Thursday, August 8th. Finally, Morgan Stanley cut their price target on Walt Disney from $130.00 to $110.00 and set an “overweight” rating on the stock in a research report on Monday, August 5th. Five 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’s stock. According to MarketBeat.com, Walt Disney currently has a consensus rating of “Moderate Buy” and an average price target of $118.05.

About Walt Disney

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.