Armstrong Fleming & Moore Inc Reduces Stock Holdings in The Walt Disney Company (NYSE:DIS)

Armstrong Fleming & Moore Inc lessened its position in shares of The Walt Disney Company (NYSE:DIS) by 3.6% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 7,381 shares of the entertainment giant’s stock after selling 276 shares during the period. Armstrong Fleming & Moore Inc’s holdings in Walt Disney were worth $710,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its position in Walt Disney by 1.5% during the first quarter. Vanguard Group Inc. now owns 153,769,084 shares of the entertainment giant’s stock worth $18,815,185,000 after buying an additional 2,325,582 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in shares of Walt Disney by 10.8% during the second quarter. Bank of New York Mellon Corp now owns 14,883,983 shares of the entertainment giant’s stock valued at $1,477,831,000 after acquiring an additional 1,449,730 shares during the last quarter. Legal & General Group Plc raised its stake in Walt Disney by 3.1% in the 2nd quarter. Legal & General Group Plc now owns 14,281,047 shares of the entertainment giant’s stock valued at $1,417,958,000 after purchasing an additional 425,438 shares during the last quarter. Jennison Associates LLC acquired a new position in Walt Disney in the 1st quarter valued at about $1,490,492,000. Finally, Price T Rowe Associates Inc. MD lifted its holdings in Walt Disney by 2.5% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 12,040,297 shares of the entertainment giant’s stock valued at $1,473,252,000 after purchasing an additional 293,482 shares in the last quarter. 65.71% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, Director Calvin Mcdonald bought 11,756 shares of the firm’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 completion of the purchase, the director now owns 22,313 shares of the company’s stock, valued at $1,897,943.78. This trade represents a 100.00 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.10% of the company’s stock.

Walt Disney Stock Down 0.7 %

NYSE DIS traded down $0.64 during trading hours on Thursday, hitting $96.11. The company had a trading volume of 4,439,203 shares, compared to its average volume of 10,968,468. The firm’s 50 day moving average is $91.29 and its 200 day moving average is $99.24. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.72 and a quick ratio of 0.66. The Walt Disney Company has a fifty-two week low of $79.23 and a fifty-two week high of $123.74. The company has a market capitalization 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.

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

Wall Street Analyst Weigh In

DIS has been the subject of a number of analyst reports. Piper Sandler assumed coverage on shares of Walt Disney in a research report on Wednesday. They issued a “neutral” rating and a $95.00 price objective for the company. Loop Capital cut their price target on Walt Disney from $139.00 to $130.00 and set a “buy” rating for the company in a report on Tuesday, July 30th. Bank of America decreased their price objective on Walt Disney from $145.00 to $120.00 and set a “buy” rating on the stock in a report on Thursday, August 8th. Raymond James reaffirmed a “market perform” rating on shares of Walt Disney in a research report on Tuesday, October 1st. Finally, Deutsche Bank Aktiengesellschaft reduced their target price on Walt Disney from $130.00 to $115.00 and set a “buy” rating on the stock in a research report on Thursday, August 8th. Five equities research 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.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $118.05.

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.