The Walt Disney Company (NYSE:DIS) Shares Sold by Dumont & Blake Investment Advisors LLC

Dumont & Blake Investment Advisors LLC trimmed its position in shares of The Walt Disney Company (NYSE:DIS) by 50.3% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 16,656 shares of the entertainment giant’s stock after selling 16,835 shares during the quarter. Dumont & Blake Investment Advisors LLC’s holdings in Walt Disney were worth $1,602,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Ballentine Partners LLC lifted its position in shares of Walt Disney by 10.5% in the third quarter. Ballentine Partners LLC now owns 24,394 shares of the entertainment giant’s stock valued at $2,346,000 after acquiring an additional 2,310 shares in the last quarter. Harbour Trust & Investment Management Co raised its stake in shares of Walt Disney by 3.3% in the 3rd quarter. Harbour Trust & Investment Management Co now owns 59,136 shares of the entertainment giant’s stock valued at $5,688,000 after acquiring an additional 1,870 shares during the period. Legacy Capital Group California Inc. grew its stake in shares of Walt Disney by 7.2% in the third quarter. Legacy Capital Group California Inc. now owns 15,574 shares of the entertainment giant’s stock valued at $1,498,000 after buying an additional 1,048 shares in the last quarter. Tectonic Advisors LLC raised its holdings in shares of Walt Disney by 13.9% during the 3rd quarter. Tectonic Advisors LLC now owns 14,433 shares of the entertainment giant’s stock valued at $1,388,000 after buying an additional 1,763 shares during the period. Finally, Spirit of America Management Corp NY boosted its holdings in Walt Disney by 1.5% in the 3rd quarter. Spirit of America Management Corp NY now owns 20,900 shares of the entertainment giant’s stock worth $2,010,000 after acquiring an additional 300 shares during the period. Hedge funds and other institutional investors own 65.71% of the company’s stock.

Insider Activity

In other Walt Disney news, Director Calvin Mcdonald bought 11,756 shares of the stock in a transaction on Thursday, August 8th. The shares were bought at an average price of $85.06 per share, with a total value of $999,965.36. Following the purchase, the director now directly owns 22,313 shares in the company, valued at $1,897,943.78. The trade was a 100.00 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.10% of the stock is currently owned by corporate insiders.

Walt Disney Trading Up 1.0 %

Shares of NYSE:DIS traded up $0.99 during midday trading on Friday, reaching $96.39. The company had a trading volume of 137,983 shares, compared to its average volume of 10,833,093. The company has a fifty day simple moving average of $92.36 and a two-hundred day simple moving average of $98.44. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.66 and a current ratio of 0.72. The firm has a market cap of $175.72 billion, a price-to-earnings ratio of 103.73, a price-to-earnings-growth ratio of 1.49 and a beta of 1.40. The Walt Disney Company has a 1-year low of $79.23 and a 1-year high of $123.74.

Walt Disney (NYSE:DIS) last released its quarterly 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. 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 analyst estimates of $23.08 billion. During the same quarter in the previous year, the business earned $1.03 earnings per share. The firm’s revenue was up 3.9% compared to the same quarter last year. Research analysts predict that The Walt Disney Company will post 4.92 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research firms have recently commented on DIS. Morgan Stanley reduced their target price on shares of Walt Disney from $130.00 to $110.00 and set an “overweight” rating on the stock in a research report on Monday, August 5th. Deutsche Bank Aktiengesellschaft dropped 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. Needham & Company LLC restated a “buy” rating and set a $110.00 price objective on shares of Walt Disney in a report on Wednesday. Wells Fargo & Company reduced their price objective on shares of Walt Disney from $136.00 to $116.00 and set an “overweight” rating on the stock in a research note on Thursday, August 8th. Finally, UBS Group cut their target price on shares of Walt Disney from $130.00 to $120.00 and set a “buy” rating on the stock in a research note on Thursday, August 8th. Five analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company 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.