Mathes Company Inc. Decreases Stake in The Walt Disney Company (NYSE:DIS)

Mathes Company Inc. cut its stake in shares of The Walt Disney Company (NYSE:DIS) by 3.8% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 5,305 shares of the entertainment giant’s stock after selling 210 shares during the period. Mathes Company Inc.’s holdings in Walt Disney were worth $510,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Jennison Associates LLC bought a new stake in shares of Walt Disney during the first quarter worth $1,490,492,000. Capital World Investors increased its holdings in shares of Walt Disney by 3,332.4% in the 1st quarter. Capital World Investors now owns 6,267,593 shares of the entertainment giant’s stock valued at $766,903,000 after acquiring an additional 6,084,993 shares during the period. Swedbank AB bought a new position in Walt Disney in the first quarter worth about $493,715,000. Farallon Capital Management LLC acquired a new stake in Walt Disney in the second quarter valued at approximately $355,673,000. Finally, Ontario Teachers Pension Plan Board purchased a new position in Walt Disney during the 1st quarter worth $425,567,000. 65.71% of the stock is owned by hedge funds and other institutional investors.

Walt Disney Stock Performance

Walt Disney stock traded down $0.39 during midday trading on Friday, reaching $95.81. 7,944,869 shares of the company’s stock were exchanged, compared to its average volume of 10,790,926. The firm has a market cap of $173.76 billion, a price-to-earnings ratio of 36.85, a P/E/G ratio of 1.51 and a beta of 1.40. 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’s 50-day simple moving average is $93.16 and its 200 day simple moving average is $97.57. The Walt Disney Company has a 52 week low of $81.82 and a 52 week high of $123.74.

Walt Disney (NYSE:DIS) last announced its quarterly 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. 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 company’s revenue was up 3.9% on a year-over-year basis. During the same period in the prior year, the company posted $1.03 EPS. On average, analysts expect that The Walt Disney Company will post 4.93 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, Director Calvin Mcdonald bought 11,756 shares of the firm’s stock in a transaction that occurred on Thursday, August 8th. The shares were 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 directly owns 22,313 shares in the company, valued at $1,897,943.78. This represents a 100.00 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at this link. Company insiders own 0.10% of the company’s stock.

Analyst Ratings Changes

Several analysts have commented on DIS shares. Loop Capital decreased their price objective on shares of Walt Disney from $139.00 to $130.00 and set a “buy” rating for the company in a research note on Tuesday, July 30th. Seaport Res Ptn upgraded shares of Walt Disney from a “hold” rating to a “strong-buy” rating in a research report on Monday, September 30th. Raymond James reaffirmed a “market perform” rating on shares of Walt Disney in a research note on Tuesday, October 1st. Needham & Company LLC reiterated a “buy” rating and issued a $110.00 price objective on shares of Walt Disney in a report on Wednesday, October 23rd. Finally, Piper Sandler initiated coverage on shares of Walt Disney in a report on Wednesday, October 16th. They issued a “neutral” rating and a $95.00 price objective for the company. Five equities research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target 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.