Global Retirement Partners LLC Trims Holdings in The Walt Disney Company (NYSE:DIS)

Global Retirement Partners LLC cut its stake in The Walt Disney Company (NYSE:DIS) by 2.2% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 58,888 shares of the entertainment giant’s stock after selling 1,327 shares during the quarter. Global Retirement Partners LLC’s holdings in Walt Disney were worth $5,664,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Mitchell & Pahl Private Wealth LLC boosted its stake in shares of Walt Disney by 7.6% in the third quarter. Mitchell & Pahl Private Wealth LLC now owns 20,704 shares of the entertainment giant’s stock valued at $1,992,000 after purchasing an additional 1,462 shares during the period. Good Life Advisors LLC grew its position in shares of Walt Disney by 9.7% during the third quarter. Good Life Advisors LLC now owns 17,082 shares of the entertainment giant’s stock worth $1,643,000 after buying an additional 1,507 shares in the last quarter. Probity Advisors Inc. grew its stake in shares of Walt Disney by 19.2% during the third quarter. Probity Advisors Inc. now owns 6,720 shares of the entertainment giant’s stock worth $646,000 after purchasing an additional 1,083 shares in the last quarter. Beech Hill Advisors Inc. increased its stake in Walt Disney by 8.3% in the third quarter. Beech Hill Advisors Inc. now owns 50,331 shares of the entertainment giant’s stock valued at $4,841,000 after purchasing an additional 3,839 shares during the last quarter. Finally, Horizon Wealth Management LLC grew its position in shares of Walt Disney by 1.8% in the 3rd quarter. Horizon Wealth Management LLC now owns 17,965 shares of the entertainment giant’s stock valued at $1,728,000 after buying an additional 315 shares during the last quarter. 65.71% of the stock is currently owned by institutional investors and hedge funds.

Walt Disney Stock Performance

NYSE DIS traded down $0.64 on Thursday, hitting $96.11. The stock had a trading volume of 4,439,203 shares, compared to its average volume of 10,968,468. The Walt Disney Company has a one year low of $79.23 and a one year high of $123.74. 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 cap of $175.21 billion, a price-to-earnings ratio of 105.16, a P/E/G ratio of 1.49 and a beta of 1.40. The company’s 50-day moving average is $91.29 and its two-hundred day moving average is $99.24.

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

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the company. Moffett Nathanson reduced their target price on Walt Disney from $130.00 to $125.00 and set a “buy” rating for the company in a report on Tuesday, July 2nd. Loop Capital cut their target price on shares of Walt Disney from $139.00 to $130.00 and set a “buy” rating on the stock in a report on Tuesday, July 30th. Morgan Stanley decreased their price target on shares of Walt Disney from $130.00 to $110.00 and set an “overweight” rating for the company in a research note on Monday, August 5th. Needham & Company LLC reiterated a “buy” rating and set a $110.00 target price on shares of Walt Disney in a research note on Thursday, September 26th. Finally, Bank of America dropped their price objective on Walt Disney from $145.00 to $120.00 and set a “buy” rating for the company in a research report on Thursday, August 8th. Five analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $118.05.

Insider Buying and Selling at Walt Disney

In other Walt Disney news, Director Calvin Mcdonald purchased 11,756 shares of the company’s stock in a transaction on Thursday, August 8th. The shares were purchased at an average cost of $85.06 per share, for a total transaction of $999,965.36. Following the completion of the transaction, the director now owns 22,313 shares in the company, valued at $1,897,943.78. The trade was a 100.00 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.10% of the stock is currently owned by corporate insiders.

Walt Disney 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.