The Walt Disney Company (NYSE:DIS) Shares Sold by Hilltop Holdings Inc.

Hilltop Holdings Inc. cut its stake in shares of The Walt Disney Company (NYSE:DIS) by 0.6% during the third quarter, HoldingsChannel.com reports. The firm owned 23,845 shares of the entertainment giant’s stock after selling 147 shares during the period. Hilltop Holdings Inc.’s holdings in Walt Disney were worth $2,294,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Kingswood Wealth Advisors LLC lifted its position in shares of Walt Disney by 13.6% during the 2nd quarter. Kingswood Wealth Advisors LLC now owns 17,338 shares of the entertainment giant’s stock valued at $1,722,000 after acquiring an additional 2,077 shares during the period. Apella Capital LLC grew its holdings in shares of Walt Disney by 28.8% in the 2nd quarter. Apella Capital LLC now owns 7,076 shares of the entertainment giant’s stock worth $687,000 after acquiring an additional 1,583 shares during the period. Cullinan Associates Inc. increased its stake in Walt Disney by 201.7% in the 2nd quarter. Cullinan Associates Inc. now owns 92,474 shares of the entertainment giant’s stock valued at $9,182,000 after purchasing an additional 61,823 shares in the last quarter. Albion Financial Group UT raised its holdings in Walt Disney by 2.9% during the second quarter. Albion Financial Group UT now owns 93,212 shares of the entertainment giant’s stock worth $9,255,000 after purchasing an additional 2,659 shares during the last quarter. Finally, Helen Stephens Group LLC purchased a new stake in Walt Disney during the second quarter worth $205,000. Hedge funds and other institutional investors own 65.71% of the company’s stock.

Walt Disney Stock Down 0.3 %

Shares of Walt Disney stock opened at $117.16 on Tuesday. The company has a fifty day moving average price of $100.46 and a 200 day moving average price of $97.17. The company has a current ratio of 0.73, a quick ratio of 0.67 and a debt-to-equity ratio of 0.37. The Walt Disney Company has a twelve month low of $83.91 and a twelve month high of $123.74. The stock has a market cap of $212.17 billion, a price-to-earnings ratio of 43.23, a price-to-earnings-growth ratio of 2.18 and a beta of 1.42.

Walt Disney (NYSE:DIS) last issued its earnings results on Thursday, November 14th. The entertainment giant reported $1.14 earnings per share for the quarter, topping the consensus estimate of $1.09 by $0.05. The company had revenue of $22.57 billion during the quarter, compared to the consensus estimate of $22.49 billion. Walt Disney had a return on equity of 9.21% and a net margin of 5.44%. The company’s revenue was up 6.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.82 earnings per share. Equities research analysts forecast that The Walt Disney Company will post 5.38 earnings per share for the current fiscal year.

Insider Buying and Selling at Walt Disney

In other Walt Disney news, CEO Robert A. Iger sold 372,412 shares of the company’s stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $114.57, for a total value of $42,667,242.84. Following the completion of the transaction, the chief executive officer now directly owns 226,767 shares of the company’s stock, valued at $25,980,695.19. This represents a 62.15 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Brent Woodford sold 5,000 shares of the firm’s stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of $113.62, for a total value of $568,100.00. Following the sale, the executive vice president now owns 44,055 shares of the company’s stock, valued at $5,005,529.10. This represents a 10.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.10% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

DIS has been the subject of several research reports. Morgan Stanley lifted their price target on Walt Disney from $110.00 to $125.00 and gave the stock an “overweight” rating in a research note on Friday, November 15th. Raymond James reaffirmed a “market perform” rating on shares of Walt Disney in a report on Tuesday, October 1st. Seaport Res Ptn raised shares of Walt Disney from a “hold” rating to a “strong-buy” rating in a research note on Monday, September 30th. Barclays reduced their target price on Walt Disney from $130.00 to $105.00 and set an “overweight” rating on the stock in a research note on Thursday, August 8th. Finally, Piper Sandler began coverage on Walt Disney in a research report on Wednesday, October 16th. They set a “neutral” rating and a $95.00 price target for the company. Five equities research analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $123.83.

Walt Disney Company 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.