Argus Investors Counsel Inc. Sells 2,110 Shares of The Walt Disney Company (NYSE:DIS)

Argus Investors Counsel Inc. trimmed its stake in The Walt Disney Company (NYSE:DIS) by 20.2% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 8,335 shares of the entertainment giant’s stock after selling 2,110 shares during the period. Argus Investors Counsel Inc.’s holdings in Walt Disney were worth $802,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the stock. ESL Trust Services LLC purchased a new stake in Walt Disney in the first quarter worth approximately $31,000. William B. Walkup & Associates Inc. purchased a new stake in Walt Disney in the second quarter worth approximately $32,000. Mascoma Wealth Management LLC boosted its stake in Walt Disney by 38.0% in the second quarter. Mascoma Wealth Management LLC now owns 443 shares of the entertainment giant’s stock worth $44,000 after buying an additional 122 shares in the last quarter. Red Tortoise LLC boosted its stake in Walt Disney by 141.4% in the first quarter. Red Tortoise LLC now owns 367 shares of the entertainment giant’s stock worth $45,000 after buying an additional 215 shares in the last quarter. Finally, First PREMIER Bank boosted its stake in Walt Disney by 98.1% in the third quarter. First PREMIER Bank now owns 517 shares of the entertainment giant’s stock worth $50,000 after buying an additional 256 shares in the last quarter. 65.71% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, Director Calvin Mcdonald purchased 11,756 shares of Walt Disney stock in a transaction dated Thursday, August 8th. The stock was purchased at an average cost of $85.06 per share, for a total transaction of $999,965.36. Following the completion of the acquisition, the director now directly owns 22,313 shares of the company’s stock, valued at $1,897,943.78. The trade was a 100.00 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 0.10% of the stock is owned by corporate insiders.

Walt Disney Stock Up 0.3 %

DIS traded up $0.29 during trading on Tuesday, reaching $96.91. The stock had a trading volume of 1,630,974 shares, compared to its average volume of 10,922,525. The stock’s 50 day moving average is $91.94 and its two-hundred day moving average is $98.60. The company has a current ratio of 0.72, a quick ratio of 0.66 and a debt-to-equity ratio of 0.38. The company has a market capitalization of $176.67 billion, a price-to-earnings ratio of 105.08, a P/E/G ratio of 1.49 and a beta of 1.40. The Walt Disney Company has a one year low of $79.23 and a one year high of $123.74.

Walt Disney (NYSE:DIS) last posted its quarterly earnings data 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. The business had revenue of $23.20 billion during 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 firm’s quarterly revenue was up 3.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.03 earnings per share. As a group, analysts expect that The Walt Disney Company will post 4.92 earnings per share for the current year.

Analysts Set New Price Targets

Several brokerages have issued reports on DIS. Deutsche Bank Aktiengesellschaft cut their target price on Walt Disney from $130.00 to $115.00 and set a “buy” rating for the company in a research note on Thursday, August 8th. Morgan Stanley cut their target price on Walt Disney from $130.00 to $110.00 and set an “overweight” rating for the company in a research note on Monday, August 5th. UBS Group dropped their price objective on Walt Disney from $130.00 to $120.00 and set a “buy” rating for the company in a research note on Thursday, August 8th. Piper Sandler initiated coverage on Walt Disney in a research note on Wednesday, October 16th. They set a “neutral” rating and a $95.00 price objective for the company. Finally, The Goldman Sachs Group initiated coverage on Walt Disney in a research note on Tuesday, June 25th. They set a “buy” rating and a $125.00 price objective for the company. Five analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $118.05.

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.