Sterling Investment Advisors Ltd. Sells 591 Shares of The Walt Disney Company (NYSE:DIS)

Sterling Investment Advisors Ltd. lessened its stake in The Walt Disney Company (NYSE:DIS) by 9.4% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 5,699 shares of the entertainment giant’s stock after selling 591 shares during the period. Sterling Investment Advisors Ltd.’s holdings in Walt Disney were worth $548,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in DIS. Jennison Associates LLC purchased a new position in shares of Walt Disney during the 1st quarter valued at $1,490,492,000. Capital World Investors lifted its stake in shares of Walt Disney by 3,332.4% during the 1st quarter. Capital World Investors now owns 6,267,593 shares of the entertainment giant’s stock valued at $766,903,000 after buying an additional 6,084,993 shares in the last quarter. Swedbank AB purchased a new position in shares of Walt Disney during the 1st quarter valued at $493,715,000. Farallon Capital Management LLC purchased a new position in shares of Walt Disney during the 2nd quarter valued at $355,673,000. Finally, Ontario Teachers Pension Plan Board purchased a new position in shares of Walt Disney during the 1st quarter valued at $425,567,000. Institutional investors own 65.71% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the stock. Piper Sandler assumed coverage on shares of Walt Disney in a research note on Wednesday, October 16th. They set a “neutral” rating and a $95.00 target price on the stock. Barclays decreased their price target on shares of Walt Disney from $130.00 to $105.00 and set an “overweight” rating on the stock in a research note on Thursday, August 8th. JPMorgan Chase & Co. decreased their price target on shares of Walt Disney from $135.00 to $125.00 and set an “overweight” rating on the stock in a research note on Thursday, August 8th. Evercore ISI decreased their price target on shares of Walt Disney from $128.00 to $105.00 and set an “outperform” rating on the stock in a research note on Thursday, August 8th. Finally, 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 note on Thursday, September 19th. 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 stock. According to MarketBeat, Walt Disney presently has a consensus rating of “Moderate Buy” and a consensus target price of $118.05.

Walt Disney Stock Down 0.4 %

DIS traded down $0.37 during trading on Friday, hitting $95.03. The stock had a trading volume of 6,638,148 shares, compared to its average volume of 10,864,460. The company has a market capitalization of $173.24 billion, a PE ratio of 103.29, a PEG ratio of 1.49 and a beta of 1.40. The Walt Disney Company has a twelve month low of $79.23 and a twelve month high of $123.74. 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 stock has a 50 day simple moving average of $92.61 and a two-hundred day simple moving average of $98.12.

Walt Disney (NYSE:DIS) last posted its 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. The company had revenue of $23.20 billion during the quarter, compared to the consensus estimate of $23.08 billion. Walt Disney had a net margin of 5.30% and a return on equity of 8.64%. The firm’s quarterly revenue was up 3.9% on a year-over-year basis. During the same period in the previous year, the firm posted $1.03 earnings per share. On average, research analysts predict that The Walt Disney Company will post 4.92 earnings per share for the current year.

Insider Buying and Selling at Walt Disney

In related news, Director Calvin Mcdonald bought 11,756 shares of the business’s stock in a transaction dated Thursday, August 8th. The stock was acquired at an average price of $85.06 per share, with a total value of $999,965.36. Following the completion of the purchase, the director now directly owns 22,313 shares of the company’s stock, valued at approximately $1,897,943.78. This trade 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 the SEC website. 0.10% of the stock is owned by corporate insiders.

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.