HBW Advisory Services LLC Sells 4,683 Shares of The Walt Disney Company (NYSE:DIS)

HBW Advisory Services LLC trimmed its holdings in shares of The Walt Disney Company (NYSE:DIS) by 12.9% in the 3rd quarter, Holdings Channel reports. The firm owned 31,741 shares of the entertainment giant’s stock after selling 4,683 shares during the quarter. HBW Advisory Services LLC’s holdings in Walt Disney were worth $3,053,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the stock. Mcdonald Partners LLC raised its stake in shares of Walt Disney by 0.5% during the 1st quarter. Mcdonald Partners LLC now owns 17,975 shares of the entertainment giant’s stock worth $2,199,000 after buying an additional 88 shares in the last quarter. Sendero Wealth Management LLC raised its position in Walt Disney by 2.0% in the first quarter. Sendero Wealth Management LLC now owns 4,649 shares of the entertainment giant’s stock worth $569,000 after acquiring an additional 89 shares in the last quarter. McKinley Carter Wealth Services Inc. lifted its holdings in Walt Disney by 1.5% in the first quarter. McKinley Carter Wealth Services Inc. now owns 5,894 shares of the entertainment giant’s stock valued at $721,000 after acquiring an additional 89 shares during the period. Pflug Koory LLC boosted its position in shares of Walt Disney by 1.0% during the 1st quarter. Pflug Koory LLC now owns 8,993 shares of the entertainment giant’s stock worth $1,100,000 after purchasing an additional 91 shares in the last quarter. Finally, Regent Peak Wealth Advisors LLC grew its stake in shares of Walt Disney by 3.5% during the 1st quarter. Regent Peak Wealth Advisors LLC now owns 2,801 shares of the entertainment giant’s stock worth $343,000 after purchasing an additional 94 shares during the period. 65.71% of the stock is owned by hedge funds and other institutional investors.

Walt Disney Trading Up 0.9 %

Shares of DIS stock traded up $0.83 during mid-day trading on Friday, hitting $94.46. 2,778,410 shares of the company’s stock were exchanged, compared to its average volume of 11,089,875. The stock has a market cap of $172.20 billion, a price-to-earnings ratio of 102.38, a PEG ratio of 1.53 and a beta of 1.40. 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 Walt Disney Company has a fifty-two week low of $78.88 and a fifty-two week high of $123.74. The stock has a 50-day simple moving average of $90.68 and a two-hundred day simple moving average of $100.88.

Walt Disney (NYSE:DIS) last issued 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. Walt Disney had a return on equity of 8.64% and a net margin of 5.30%. The firm had revenue of $23.20 billion for the quarter, compared to analyst estimates of $23.08 billion. During the same period last year, the company earned $1.03 EPS. The firm’s quarterly revenue was up 3.9% on a year-over-year basis. Equities analysts expect that The Walt Disney Company will post 4.92 EPS for the current fiscal year.

Insider Activity at Walt Disney

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

Wall Street Analysts Forecast Growth

A number of analysts recently commented on DIS shares. Moffett Nathanson decreased their price objective on shares of Walt Disney from $130.00 to $125.00 and set a “buy” rating on the stock in a report on Tuesday, July 2nd. Macquarie decreased their price target on Walt Disney from $94.00 to $91.00 and set a “neutral” rating on the stock in a research note on Thursday, September 19th. Evercore ISI dropped their price objective on Walt Disney from $128.00 to $105.00 and set an “outperform” rating for the company in a research note on Thursday, August 8th. Needham & Company LLC reiterated a “buy” rating and set a $110.00 target price on shares of Walt Disney in a research report on Thursday, September 26th. Finally, Wells Fargo & Company dropped their price target on Walt Disney from $136.00 to $116.00 and set an “overweight” rating for the company in a research report on Thursday, August 8th. Four investment analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $118.43.

About Walt Disney

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.