Greenwich Wealth Management LLC Sells 209 Shares of The Walt Disney Company (NYSE:DIS)

Greenwich Wealth Management LLC reduced its stake in shares of The Walt Disney Company (NYSE:DIS) by 5.2% during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 3,836 shares of the entertainment giant’s stock after selling 209 shares during the period. Greenwich Wealth Management LLC’s holdings in Walt Disney were worth $369,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of the business. Transcendent Capital Group LLC increased its position in shares of Walt Disney by 1.4% during the first quarter. Transcendent Capital Group LLC now owns 7,912 shares of the entertainment giant’s stock worth $968,000 after purchasing an additional 108 shares in the last quarter. ADE LLC increased its holdings in shares of Walt Disney by 4.6% during the 2nd quarter. ADE LLC now owns 2,509 shares of the entertainment giant’s stock valued at $249,000 after acquiring an additional 110 shares during the last quarter. Absher Wealth Management LLC grew its position in Walt Disney by 0.8% in the third quarter. Absher Wealth Management LLC now owns 14,141 shares of the entertainment giant’s stock valued at $1,360,000 after acquiring an additional 111 shares during the period. Archford Capital Strategies LLC raised its position in shares of Walt Disney by 2.3% in the 2nd quarter. Archford Capital Strategies LLC now owns 4,966 shares of the entertainment giant’s stock valued at $493,000 after acquiring an additional 112 shares during the period. Finally, Zhang Financial LLC lifted its stake in Walt Disney by 5.7% in the second quarter. Zhang Financial LLC now owns 2,078 shares of the entertainment giant’s stock valued at $206,000 after acquiring an additional 112 shares during the last quarter. Institutional investors own 65.71% of the company’s stock.

Walt Disney Trading Down 0.4 %

Shares of Walt Disney stock traded down $0.39 during trading on Friday, reaching $95.81. 7,944,869 shares of the stock were exchanged, compared to its average volume of 10,790,926. The Walt Disney Company has a 1 year low of $81.82 and a 1 year high of $123.74. The stock’s fifty day moving average is $93.16 and its 200 day moving average is $97.57. The firm has a market cap of $173.76 billion, a price-to-earnings ratio of 36.85, a price-to-earnings-growth ratio of 1.51 and a beta of 1.40. The company has a quick ratio of 0.66, a current ratio of 0.72 and a debt-to-equity ratio of 0.38.

Walt Disney (NYSE:DIS) last issued its earnings results on Wednesday, August 7th. The entertainment giant reported $1.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.20 by $0.19. Walt Disney had a return on equity of 8.64% and a net margin of 5.30%. The company had revenue of $23.20 billion for the quarter, compared to the consensus estimate of $23.08 billion. During the same quarter last year, the company earned $1.03 EPS. The firm’s quarterly revenue was up 3.9% on a year-over-year basis. As a group, equities research analysts expect that The Walt Disney Company will post 4.93 earnings per share for the current fiscal year.

Insider Buying and Selling at Walt Disney

In related news, Director Calvin Mcdonald acquired 11,756 shares of the stock in a transaction that occurred on Thursday, August 8th. The stock was purchased at an average price of $85.06 per share, with a total value of $999,965.36. Following the transaction, the director now 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 position. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. 0.10% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

DIS has been the subject of a number of analyst reports. Bank of America cut their price objective on shares of Walt Disney from $145.00 to $120.00 and set a “buy” rating for the company in a research report on Thursday, August 8th. JPMorgan Chase & Co. reduced their price target on shares of Walt Disney from $135.00 to $125.00 and set an “overweight” rating for the company in a research report on Thursday, August 8th. Evercore ISI decreased their price target on Walt Disney from $128.00 to $105.00 and set an “outperform” rating on the stock in a research note on Thursday, August 8th. Macquarie decreased their price objective on shares of Walt Disney from $94.00 to $91.00 and set a “neutral” rating for the company in a report on Thursday, September 19th. Finally, Loop Capital decreased their target price 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. Five investment 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. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $118.05.

About Walt Disney

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.