Middleton & Co. Inc. MA Sells 2,225 Shares of The Walt Disney Company $DIS

Middleton & Co. Inc. MA lowered its stake in shares of The Walt Disney Company (NYSE:DIS) by 15.4% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,200 shares of the entertainment giant’s stock after selling 2,225 shares during the quarter. Middleton & Co. Inc. MA’s holdings in Walt Disney were worth $1,513,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. MJT & Associates Financial Advisory Group Inc. bought a new stake in Walt Disney in the first quarter worth about $26,000. DiNuzzo Private Wealth Inc. raised its position in shares of Walt Disney by 82.5% in the second quarter. DiNuzzo Private Wealth Inc. now owns 208 shares of the entertainment giant’s stock valued at $26,000 after purchasing an additional 94 shares during the period. Harbor Asset Planning Inc. purchased a new stake in shares of Walt Disney during the 2nd quarter valued at approximately $37,000. RMG Wealth Management LLC bought a new position in Walt Disney in the 2nd quarter worth approximately $49,000. Finally, Wealth Preservation Advisors LLC bought a new position in Walt Disney in the 1st quarter worth approximately $53,000. 65.71% of the stock is owned by hedge funds and other institutional investors.

Walt Disney Trading Down 0.9%

Walt Disney stock opened at $110.38 on Friday. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.72 and a quick ratio of 0.66. The stock has a market capitalization of $198.45 billion, a PE ratio of 17.30, a price-to-earnings-growth ratio of 1.45 and a beta of 1.55. The firm has a 50 day simple moving average of $113.61 and a 200-day simple moving average of $113.43. The Walt Disney Company has a 12-month low of $80.10 and a 12-month high of $124.69.

Walt Disney (NYSE:DIS) last issued its quarterly earnings results on Wednesday, August 6th. The entertainment giant reported $1.61 EPS for the quarter, topping the consensus estimate of $1.45 by $0.16. Walt Disney had a net margin of 12.22% and a return on equity of 9.67%. The firm had revenue of $23.65 billion for the quarter, compared to analysts’ expectations of $23.69 billion. During the same period in the previous year, the business earned $1.39 earnings per share. Walt Disney’s revenue for the quarter was up 2.1% compared to the same quarter last year. As a group, equities research analysts expect that The Walt Disney Company will post 5.47 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

DIS has been the topic of several recent research reports. Needham & Company LLC restated a “buy” rating and set a $125.00 target price on shares of Walt Disney in a research report on Tuesday, September 23rd. Evercore ISI increased their price objective on Walt Disney from $134.00 to $140.00 and gave the stock an “outperform” rating in a report on Monday, August 4th. Rosenblatt Securities reaffirmed a “buy” rating and set a $141.00 target price on shares of Walt Disney in a report on Friday, October 17th. Raymond James Financial reiterated a “neutral” rating on shares of Walt Disney in a research report on Monday, August 11th. Finally, UBS Group raised their price objective on shares of Walt Disney from $120.00 to $138.00 and gave the company a “buy” rating in a research report on Wednesday, July 16th. Nineteen investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Walt Disney has a consensus rating of “Moderate Buy” and a consensus target price of $132.90.

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.