The Walt Disney Company (NYSE:DIS) Shares Sold by Welch Group LLC

Welch Group LLC reduced its position in The Walt Disney Company (NYSE:DIS) by 5.8% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 10,937 shares of the entertainment giant’s stock after selling 669 shares during the quarter. Welch Group LLC’s holdings in Walt Disney were worth $1,052,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of DIS. Jennison Associates LLC acquired a new stake in shares of Walt Disney in the first quarter valued at approximately $1,490,492,000. Capital World Investors raised its stake in shares of Walt Disney by 3,332.4% during the first quarter. Capital World Investors now owns 6,267,593 shares of the entertainment giant’s stock worth $766,903,000 after purchasing an additional 6,084,993 shares during the last quarter. Swedbank AB purchased a new stake in shares of Walt Disney during the first quarter worth approximately $493,715,000. Farallon Capital Management LLC purchased a new stake in shares of Walt Disney during the second quarter worth approximately $355,673,000. Finally, Ontario Teachers Pension Plan Board purchased a new stake in shares of Walt Disney during the first quarter worth approximately $425,567,000. 65.71% of the stock is owned by institutional investors and hedge funds.

Walt Disney Price Performance

Shares of DIS traded up $0.66 during trading hours on Monday, reaching $95.69. 892,033 shares of the company traded hands, compared to its average volume of 10,816,550. The company has a quick ratio of 0.66, a current ratio of 0.72 and a debt-to-equity ratio of 0.38. The stock has a market capitalization of $174.45 billion, a PE ratio of 103.29, a price-to-earnings-growth ratio of 1.49 and a beta of 1.40. The Walt Disney Company has a fifty-two week low of $79.53 and a fifty-two week high of $123.74. The stock has a fifty day simple moving average of $92.61 and a 200 day simple moving average of $97.99.

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

Insiders Place Their Bets

In other Walt Disney news, Director Calvin Mcdonald purchased 11,756 shares of the firm’s stock in a transaction on Thursday, August 8th. The shares were purchased at an average cost of $85.06 per share, with a total value of $999,965.36. Following the purchase, the director now owns 22,313 shares in the company, valued at approximately $1,897,943.78. This represents a 100.00 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. 0.10% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several equities research analysts have recently commented on the company. Raymond James restated a “market perform” rating on shares of Walt Disney in a research note on Tuesday, October 1st. JPMorgan Chase & Co. cut their price target on Walt Disney from $135.00 to $125.00 and set an “overweight” rating for the company in a research note on Thursday, August 8th. UBS Group cut their price target on Walt Disney from $130.00 to $120.00 and set a “buy” rating for the company in a research note on Thursday, August 8th. Deutsche Bank Aktiengesellschaft cut their price target on Walt Disney from $130.00 to $115.00 and set a “buy” rating for the company in a research note on Thursday, August 8th. Finally, Bank of America cut their price target on Walt Disney from $145.00 to $120.00 and set a “buy” rating for the company in a research note on Thursday, August 8th. Five analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Walt Disney currently has an average rating of “Moderate Buy” and an average price target of $118.05.

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.