The Walt Disney Company (NYSE:DIS) Stock Holdings Lowered by Litman Gregory Wealth Management LLC

Litman Gregory Wealth Management LLC lowered its position in shares of The Walt Disney Company (NYSE:DIS) by 14.0% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 3,700 shares of the entertainment giant’s stock after selling 600 shares during the period. Litman Gregory Wealth Management LLC’s holdings in Walt Disney were worth $356,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. ESL Trust Services LLC bought a new position in shares of Walt Disney during the first quarter worth about $31,000. William B. Walkup & Associates Inc. bought a new position in Walt Disney in the 2nd quarter valued at about $32,000. Red Tortoise LLC grew its position in Walt Disney by 141.4% in the 1st quarter. Red Tortoise LLC now owns 367 shares of the entertainment giant’s stock valued at $45,000 after buying an additional 215 shares in the last quarter. O Brien Wealth Partners LLC bought a new position in Walt Disney in the 1st quarter valued at about $51,000. Finally, Mascoma Wealth Management LLC grew its position in Walt Disney by 38.0% in the 2nd quarter. Mascoma Wealth Management LLC now owns 443 shares of the entertainment giant’s stock valued at $44,000 after buying an additional 122 shares in the last quarter. Institutional investors own 65.71% of the company’s stock.

Insider Transactions at Walt Disney

In related news, Director Calvin Mcdonald purchased 11,756 shares of Walt Disney stock in a transaction dated Thursday, August 8th. The stock was acquired at an average cost of $85.06 per share, with a total value of $999,965.36. Following the completion of the transaction, the director now directly owns 22,313 shares of the company’s stock, valued at $1,897,943.78. This trade represents a 100.00 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.10% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the stock. Evercore ISI decreased their target price on shares of Walt Disney from $128.00 to $105.00 and set an “outperform” rating for the company in a research report on Thursday, August 8th. Morgan Stanley decreased their target price on shares of Walt Disney from $130.00 to $110.00 and set an “overweight” rating for the company in a research report on Monday, August 5th. Loop Capital decreased their target price on shares of Walt Disney from $139.00 to $130.00 and set a “buy” rating for the company in a research report on Tuesday, July 30th. Piper Sandler began coverage on shares of Walt Disney in a research report on Wednesday, October 16th. They issued a “neutral” rating and a $95.00 target price for the company. Finally, The Goldman Sachs Group began coverage on shares of Walt Disney in a report on Tuesday, June 25th. They issued a “buy” rating and a $125.00 price target for the company. Five research analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $118.05.

Walt Disney Stock Up 0.2 %

Shares of NYSE DIS traded up $0.19 during mid-day trading on Wednesday, reaching $96.93. The company had a trading volume of 864,969 shares, compared to its average volume of 10,891,578. The stock has a fifty day moving average of $92.16 and a two-hundred day moving average of $98.45. 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 company has a market capitalization of $176.71 billion, a price-to-earnings ratio of 105.20, a PEG ratio of 1.49 and a beta of 1.40. The Walt Disney Company has a 12-month low of $79.23 and a 12-month high of $123.74.

Walt Disney (NYSE:DIS) last posted its quarterly earnings results on Wednesday, August 7th. The entertainment giant reported $1.39 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.20 by $0.19. The business had revenue of $23.20 billion during the quarter, compared to analyst estimates of $23.08 billion. Walt Disney had a net margin of 5.30% and a return on equity of 8.64%. The firm’s revenue was up 3.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.03 earnings per share. As a group, equities research analysts expect that The Walt Disney Company will post 4.92 EPS for the current year.

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.