Middleton & Co. Inc. MA Sells 672 Shares of The Walt Disney Company (NYSE:DIS)

Middleton & Co. Inc. MA cut its position in shares of The Walt Disney Company (NYSE:DIS) by 1.7% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 38,226 shares of the entertainment giant’s stock after selling 672 shares during the quarter. Middleton & Co. Inc. MA’s holdings in Walt Disney were worth $3,677,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Kathmere Capital Management LLC increased its holdings in Walt Disney by 53.4% in the 1st quarter. Kathmere Capital Management LLC now owns 4,284 shares of the entertainment giant’s stock valued at $524,000 after buying an additional 1,491 shares during the period. WoodTrust Financial Corp lifted its stake in Walt Disney by 22.2% during the first quarter. WoodTrust Financial Corp now owns 78,835 shares of the entertainment giant’s stock worth $9,646,000 after purchasing an additional 14,337 shares during the period. Grimes & Company Inc. lifted its stake in Walt Disney by 1,451.3% during the first quarter. Grimes & Company Inc. now owns 165,870 shares of the entertainment giant’s stock worth $20,296,000 after purchasing an additional 155,178 shares during the period. Investment Research & Advisory Group Inc. boosted its holdings in Walt Disney by 56.0% during the first quarter. Investment Research & Advisory Group Inc. now owns 29,617 shares of the entertainment giant’s stock valued at $3,624,000 after purchasing an additional 10,629 shares in the last quarter. Finally, Vicus Capital raised its holdings in shares of Walt Disney by 27.0% in the 1st quarter. Vicus Capital now owns 7,501 shares of the entertainment giant’s stock worth $918,000 after buying an additional 1,595 shares in the last quarter. 65.71% of the stock is currently owned by institutional investors.

Walt Disney Price Performance

Walt Disney stock opened at $95.03 on Friday. 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 firm has a market capitalization of $173.24 billion, a P/E ratio of 103.29, a PEG ratio of 1.49 and a beta of 1.40. The business has a 50-day moving average of $92.61 and a 200-day moving average of $98.26. 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 issued its quarterly earnings data 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 firm had revenue of $23.20 billion during the quarter, compared to analysts’ expectations of $23.08 billion. Walt Disney had a net margin of 5.30% and a return on equity of 8.64%. The business’s revenue for the quarter was up 3.9% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.03 earnings per share. On average, equities analysts anticipate that The Walt Disney Company will post 4.92 EPS for the current year.

Insider Buying and Selling

In other Walt Disney news, Director Calvin Mcdonald bought 11,756 shares of the firm’s stock in a transaction on Thursday, August 8th. The stock was purchased 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 0.10% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several brokerages recently commented on DIS. Macquarie decreased their price target on Walt Disney from $94.00 to $91.00 and set a “neutral” rating on the stock in a research note on Thursday, September 19th. Bank of America lowered their target price on shares of Walt Disney from $145.00 to $120.00 and set a “buy” rating on the stock in a report on Thursday, August 8th. Barclays cut their price target on shares of Walt Disney from $130.00 to $105.00 and set an “overweight” rating for the company in a report on Thursday, August 8th. Raymond James reaffirmed a “market perform” rating on shares of Walt Disney in a research note on Tuesday, October 1st. Finally, Piper Sandler started coverage on shares of Walt Disney in a research note on Wednesday, October 16th. They issued a “neutral” rating and a $95.00 target price for the company. 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, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $118.05.

Walt Disney 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.