Polaris Wealth Advisory Group LLC reduced its position in The Walt Disney Company (NYSE:DIS) by 24.9% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,450 shares of the entertainment giant’s stock after selling 1,811 shares during the quarter. Polaris Wealth Advisory Group LLC’s holdings in The Walt Disney were worth $672,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently bought and sold shares of the company. First Dallas Securities Inc. purchased a new position in shares of The Walt Disney in the 3rd quarter worth about $999,000. Arden Trust Co boosted its holdings in shares of The Walt Disney by 1.1% in the 3rd quarter. Arden Trust Co now owns 30,519 shares of the entertainment giant’s stock worth $3,787,000 after purchasing an additional 328 shares in the last quarter. Atlas Brown Inc. boosted its holdings in shares of The Walt Disney by 1.3% in the 3rd quarter. Atlas Brown Inc. now owns 17,976 shares of the entertainment giant’s stock worth $2,231,000 after purchasing an additional 226 shares in the last quarter. Diversified Trust Co boosted its holdings in shares of The Walt Disney by 78.1% in the 3rd quarter. Diversified Trust Co now owns 18,400 shares of the entertainment giant’s stock worth $2,283,000 after purchasing an additional 8,069 shares in the last quarter. Finally, Coastline Trust Co boosted its holdings in shares of The Walt Disney by 2.0% in the 3rd quarter. Coastline Trust Co now owns 45,740 shares of the entertainment giant’s stock worth $5,675,000 after purchasing an additional 915 shares in the last quarter. Hedge funds and other institutional investors own 62.72% of the company’s stock.
In related news, EVP Brent Woodford sold 2,000 shares of The Walt Disney stock in a transaction on Tuesday, October 13th. The shares were sold at an average price of $130.95, for a total transaction of $261,900.00. Following the sale, the executive vice president now directly owns 36,620 shares in the company, valued at approximately $4,795,389. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.31% of the stock is owned by company insiders.
The Walt Disney stock opened at $126.81 on Friday. The stock has a market cap of $229.15 billion, a P/E ratio of -204.53, a price-to-earnings-growth ratio of 6.23 and a beta of 1.09. The company has a fifty day simple moving average of $128.38 and a 200-day simple moving average of $117.94. The Walt Disney Company has a 12-month low of $79.07 and a 12-month high of $153.41. The company has a current ratio of 1.34, a quick ratio of 1.29 and a debt-to-equity ratio of 0.60.
The Walt Disney (NYSE:DIS) last released its quarterly earnings data on Tuesday, August 4th. The entertainment giant reported $0.08 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.64) by $0.72. The Walt Disney had a negative net margin of 1.58% and a positive return on equity of 6.58%. The business had revenue of $11.80 billion during the quarter, compared to analysts’ expectations of $12.48 billion. During the same period in the previous year, the company earned $1.35 EPS. The company’s revenue for the quarter was down 41.7% on a year-over-year basis. As a group, sell-side analysts forecast that The Walt Disney Company will post 1.59 earnings per share for the current fiscal year.
A number of research firms have recently issued reports on DIS. Loop Capital upgraded The Walt Disney from a “hold” rating to a “buy” rating and set a $150.00 price objective for the company in a report on Tuesday, October 13th. Wells Fargo & Company increased their target price on The Walt Disney from $120.00 to $136.00 and gave the company an “equal weight” rating in a report on Friday, August 14th. JPMorgan Chase & Co. increased their target price on The Walt Disney from $135.00 to $155.00 and gave the company an “overweight” rating in a report on Friday, October 2nd. Rosenblatt Securities upped their price target on The Walt Disney from $135.00 to $145.00 and gave the company a “buy” rating in a research report on Wednesday, August 5th. Finally, Royal Bank of Canada reissued a “neutral” rating and issued a $124.00 target price on shares of The Walt Disney in a research report on Tuesday, October 13th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and nineteen have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $134.70.
The Walt Disney Profile
The Walt Disney Company, together with its subsidiaries, operates as an entertainment company worldwide. The company's Media Networks segment operates domestic cable networks under the Disney, ESPN, Freeform, FX, and National Geographic brands; and television broadcast network under the ABC brand, as well as eight owned domestic television stations.
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