Sippican Capital Advisors Sells 1,369 Shares of The Walt Disney Company (NYSE:DIS)

Sippican Capital Advisors reduced its stake in The Walt Disney Company (NYSE:DIS) by 17.8% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,314 shares of the entertainment giant’s stock after selling 1,369 shares during the period. Sippican Capital Advisors’ holdings in Walt Disney were worth $607,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the stock. Tevis Investment Management grew its stake in Walt Disney by 16.3% in the 3rd quarter. Tevis Investment Management now owns 22,112 shares of the entertainment giant’s stock worth $2,127,000 after acquiring an additional 3,103 shares in the last quarter. Goldstone Financial Group LLC purchased a new stake in shares of Walt Disney in the 3rd quarter worth approximately $365,000. Folger Nolan Fleming Douglas Capital Management Inc. lifted its position in shares of Walt Disney by 1.1% in the 3rd quarter. Folger Nolan Fleming Douglas Capital Management Inc. now owns 83,152 shares of the entertainment giant’s stock worth $7,998,000 after purchasing an additional 936 shares during the period. JFS Wealth Advisors LLC lifted its position in shares of Walt Disney by 9.2% in the 3rd quarter. JFS Wealth Advisors LLC now owns 10,948 shares of the entertainment giant’s stock worth $1,053,000 after purchasing an additional 918 shares during the period. Finally, Diversify Wealth Management LLC lifted its position in shares of Walt Disney by 5.3% in the 3rd quarter. Diversify Wealth Management LLC now owns 23,906 shares of the entertainment giant’s stock worth $2,301,000 after purchasing an additional 1,201 shares during the period. 65.71% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, Director Calvin Mcdonald acquired 11,756 shares of Walt Disney stock in a transaction that occurred on Thursday, August 8th. The shares were purchased at an average price 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. This represents a 100.00 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.10% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on DIS shares. Raymond James reaffirmed a “market perform” rating on shares of Walt Disney in a research report on Tuesday, October 1st. Needham & Company LLC reaffirmed a “buy” rating and issued a $110.00 price target on shares of Walt Disney in a research report on Wednesday, October 23rd. Evercore ISI lowered their price target on shares of Walt Disney from $128.00 to $105.00 and set an “outperform” rating for the company in a research report on Thursday, August 8th. Seaport Res Ptn raised shares of Walt Disney from a “hold” rating to a “strong-buy” rating in a research report on Monday, September 30th. Finally, Barclays decreased their target price on shares of Walt Disney from $130.00 to $105.00 and set an “overweight” rating for the company in a research report on Thursday, August 8th. Five equities research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Walt Disney has an average rating of “Moderate Buy” and an average price target of $118.05.

Walt Disney Price Performance

Shares of NYSE DIS traded up $1.19 during midday trading on Thursday, hitting $96.27. The stock had a trading volume of 691,682 shares, compared to its average volume of 10,769,388. The company has a market capitalization of $175.50 billion, a PE ratio of 103.30, a P/E/G ratio of 1.49 and a beta of 1.40. The stock has a 50 day simple moving average of $92.93 and a 200-day simple moving average of $97.69. The Walt Disney Company has a 1 year low of $80.18 and a 1 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.

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

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.