The Walt Disney Company (NYSE:DIS) Shares Sold by Grassi Investment Management

Grassi Investment Management decreased its stake in shares of The Walt Disney Company (NYSE:DIS) by 9.0% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 59,415 shares of the entertainment giant’s stock after selling 5,851 shares during the period. Grassi Investment Management’s holdings in Walt Disney were worth $5,715,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of DIS. Greystone Financial Group LLC acquired a new stake in shares of Walt Disney in the third quarter worth $7,235,000. Great Lakes Retirement Inc. increased its position in shares of Walt Disney by 8.4% in the third quarter. Great Lakes Retirement Inc. now owns 6,122 shares of the entertainment giant’s stock worth $589,000 after acquiring an additional 477 shares in the last quarter. International Assets Investment Management LLC increased its position in shares of Walt Disney by 12,574.4% in the third quarter. International Assets Investment Management LLC now owns 3,426,393 shares of the entertainment giant’s stock worth $329,585,000 after acquiring an additional 3,399,359 shares in the last quarter. Capital Investment Counsel Inc increased its position in shares of Walt Disney by 1.2% in the third quarter. Capital Investment Counsel Inc now owns 42,691 shares of the entertainment giant’s stock worth $4,106,000 after acquiring an additional 505 shares in the last quarter. Finally, McAdam LLC increased its position in shares of Walt Disney by 11.8% in the third quarter. McAdam LLC now owns 4,104 shares of the entertainment giant’s stock worth $395,000 after acquiring an additional 433 shares in the last quarter. Institutional investors and hedge funds own 65.71% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on DIS shares. Loop Capital dropped their price objective on shares of Walt Disney from $139.00 to $130.00 and set a “buy” rating for the company in a research report on Tuesday, July 30th. UBS Group dropped their price objective on shares of Walt Disney from $130.00 to $120.00 and set a “buy” rating for the company in a research report on Thursday, August 8th. Needham & Company LLC reissued a “buy” rating and issued a $110.00 price objective on shares of Walt Disney in a research report on Wednesday. Bank of America decreased their target price on shares of Walt Disney from $145.00 to $120.00 and set a “buy” rating for the company in a research note on Thursday, August 8th. Finally, Moffett Nathanson decreased their target price on shares of Walt Disney from $130.00 to $125.00 and set a “buy” rating for the company in a research note on Tuesday, July 2nd. Five research analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $118.05.

Walt Disney Stock Up 0.0 %

DIS stock opened at $96.28 on Thursday. 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 $79.23 and a fifty-two week high of $123.74. The firm’s 50-day simple moving average is $92.36 and its 200 day simple moving average is $98.44. The stock has a market cap of $175.52 billion, a PE ratio of 104.61, a price-to-earnings-growth ratio of 1.49 and a beta of 1.40.

Walt Disney (NYSE:DIS) last released its quarterly earnings data 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 business had revenue of $23.20 billion for the quarter, compared to analysts’ expectations of $23.08 billion. During the same quarter last year, the company earned $1.03 EPS. The company’s revenue for the quarter was up 3.9% compared to the same quarter last year. As a group, sell-side analysts predict that The Walt Disney Company will post 4.92 EPS for the current year.

Insider Buying and Selling at Walt Disney

In related news, Director Calvin Mcdonald bought 11,756 shares of the stock in a transaction on Thursday, August 8th. The shares were purchased at an average price of $85.06 per share, with a total value of $999,965.36. Following the purchase, the director now owns 22,313 shares in the company, valued at approximately $1,897,943.78. This represents a 100.00 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.10% of the stock is owned by corporate insiders.

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.