The Walt Disney Company (NYSE:DIS) Shares Sold by Stone Point Wealth LLC

Stone Point Wealth LLC cut its stake in shares of The Walt Disney Company (NYSE:DIS) by 6.9% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 16,246 shares of the entertainment giant’s stock after selling 1,200 shares during the quarter. Stone Point Wealth LLC’s holdings in Walt Disney were worth $1,563,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the business. Concurrent Investment Advisors LLC lifted its stake in Walt Disney by 8.4% in the third quarter. Concurrent Investment Advisors LLC now owns 66,744 shares of the entertainment giant’s stock valued at $6,420,000 after buying an additional 5,184 shares during the last quarter. Lmcg Investments LLC grew its holdings in Walt Disney by 18.6% in the third quarter. Lmcg Investments LLC now owns 147,353 shares of the entertainment giant’s stock valued at $14,174,000 after purchasing an additional 23,116 shares during the last quarter. PGGM Investments purchased a new position in Walt Disney during the first quarter worth about $1,036,000. Nisa Investment Advisors LLC raised its holdings in shares of Walt Disney by 22.2% in the 3rd quarter. Nisa Investment Advisors LLC now owns 704,887 shares of the entertainment giant’s stock worth $67,803,000 after purchasing an additional 127,859 shares during the period. Finally, Advisors Asset Management Inc. raised its holdings in shares of Walt Disney by 30.8% in the 1st quarter. Advisors Asset Management Inc. now owns 25,987 shares of the entertainment giant’s stock worth $3,180,000 after purchasing an additional 6,118 shares during the period. Hedge funds and other institutional investors own 65.71% of the company’s stock.

Walt Disney Price Performance

Shares of NYSE:DIS opened at $98.78 on Friday. The Walt Disney Company has a fifty-two week low of $83.91 and a fifty-two week high of $123.74. 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 firm has a fifty day moving average price of $93.54 and a 200 day moving average price of $97.12. The firm has a market cap of $179.15 billion, a price-to-earnings ratio of 38.05, a P/E/G ratio of 1.52 and a beta of 1.40.

Walt Disney (NYSE:DIS) last posted its quarterly earnings results on Wednesday, August 7th. The entertainment giant reported $1.39 EPS for the quarter, topping the consensus estimate of $1.20 by $0.19. Walt Disney had a net margin of 5.30% and a return on equity of 8.64%. The company had revenue of $23.20 billion for the quarter, compared to the consensus estimate of $23.08 billion. During the same quarter last year, the firm posted $1.03 EPS. The firm’s revenue was up 3.9% compared to the same quarter last year. As a group, sell-side analysts expect that The Walt Disney Company will post 4.93 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on DIS shares. Macquarie lowered their price objective on Walt Disney from $94.00 to $91.00 and set a “neutral” rating for the company in a research note on Thursday, September 19th. Evercore ISI cut their target price on Walt Disney from $128.00 to $105.00 and set an “outperform” rating on the stock in a research note on Thursday, August 8th. UBS Group dropped their price objective on Walt Disney from $130.00 to $120.00 and set a “buy” rating on the stock in a research note on Thursday, August 8th. Deutsche Bank Aktiengesellschaft decreased their target price on Walt Disney from $130.00 to $115.00 and set a “buy” rating on the stock in a report on Thursday, August 8th. Finally, Morgan Stanley decreased their target price on Walt Disney from $130.00 to $110.00 and set an “overweight” rating on the stock in a report on Monday, August 5th. Five equities research analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target 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.