Valicenti Advisory Services Inc. Sells 539 Shares of The Walt Disney Company (NYSE:DIS)

Valicenti Advisory Services Inc. lowered its holdings in shares of The Walt Disney Company (NYSE:DIS) by 7.0% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 7,134 shares of the entertainment giant’s stock after selling 539 shares during the quarter. Valicenti Advisory Services Inc.’s holdings in Walt Disney were worth $686,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. ESL Trust Services LLC acquired a new position in Walt Disney in the 1st quarter valued at $31,000. William B. Walkup & Associates Inc. acquired a new position in Walt Disney in the 2nd quarter valued at $32,000. Red Tortoise LLC grew its stake in Walt Disney by 141.4% in the 1st quarter. Red Tortoise LLC now owns 367 shares of the entertainment giant’s stock valued at $45,000 after buying an additional 215 shares during the last quarter. O Brien Wealth Partners LLC acquired a new position in Walt Disney in the 1st quarter valued at $51,000. Finally, Mascoma Wealth Management LLC grew its stake in Walt Disney by 38.0% in the 2nd quarter. Mascoma Wealth Management LLC now owns 443 shares of the entertainment giant’s stock valued at $44,000 after buying an additional 122 shares during the last quarter. Institutional investors own 65.71% of the company’s stock.

Insiders Place Their Bets

In related news, Director Calvin Mcdonald bought 11,756 shares of the company’s stock in a transaction on Thursday, August 8th. The stock was bought at an average cost of $85.06 per share, with a total value of $999,965.36. Following the completion of the purchase, the director now owns 22,313 shares in the company, valued at approximately $1,897,943.78. The trade was a 100.00 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 0.10% of the company’s stock.

Walt Disney Trading Down 0.8 %

Shares of NYSE DIS opened at $95.43 on Friday. The Walt Disney Company has a 1-year low of $79.23 and a 1-year high of $123.74. The company has a market cap of $173.97 billion, a PE ratio of 103.73, a P/E/G ratio of 1.49 and a beta of 1.40. 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 50-day moving average of $92.36 and a two-hundred day moving average of $98.44.

Walt Disney (NYSE:DIS) last announced its earnings results 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 company had revenue of $23.20 billion during the quarter, compared to the consensus estimate of $23.08 billion. During the same period in the previous year, the firm posted $1.03 earnings per share. The company’s revenue was up 3.9% on a year-over-year basis. As a group, equities analysts expect that The Walt Disney Company will post 4.92 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on DIS shares. Wells Fargo & Company lowered their target price 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. Raymond James restated a “market perform” rating on shares of Walt Disney in a research report on Tuesday, October 1st. Macquarie decreased their price target on shares of Walt Disney from $94.00 to $91.00 and set a “neutral” rating on the stock in a research report on Thursday, September 19th. Piper Sandler started coverage on shares of Walt Disney in a research report on Wednesday, October 16th. They issued a “neutral” rating and a $95.00 price target on the stock. Finally, UBS Group decreased their price target on shares of Walt Disney from $130.00 to $120.00 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 issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average 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.