Angeles Wealth Management LLC Sells 515 Shares of The Walt Disney Company (NYSE:DIS)

Angeles Wealth Management LLC cut its position in The Walt Disney Company (NYSE:DIS) by 5.6% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 8,604 shares of the entertainment giant’s stock after selling 515 shares during the quarter. Angeles Wealth Management LLC’s holdings in Walt Disney were worth $828,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in DIS. Transcendent Capital Group LLC lifted its holdings in shares of Walt Disney by 1.4% in the 1st 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 during the last quarter. ADE LLC lifted its holdings in shares of Walt Disney by 4.6% in the 2nd quarter. ADE LLC now owns 2,509 shares of the entertainment giant’s stock worth $249,000 after purchasing an additional 110 shares during the last quarter. Absher Wealth Management LLC lifted its holdings in shares of Walt Disney by 0.8% in the 3rd quarter. Absher Wealth Management LLC now owns 14,141 shares of the entertainment giant’s stock worth $1,360,000 after purchasing an additional 111 shares during the last quarter. Archford Capital Strategies LLC lifted its holdings 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 worth $493,000 after purchasing an additional 112 shares during the last quarter. Finally, Zhang Financial LLC lifted its holdings in shares of Walt Disney by 5.7% in the 2nd quarter. Zhang Financial LLC now owns 2,078 shares of the entertainment giant’s stock worth $206,000 after purchasing an additional 112 shares during the last quarter. 65.71% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several brokerages recently issued reports on DIS. Deutsche Bank Aktiengesellschaft cut their price target on Walt Disney from $130.00 to $115.00 and set a “buy” rating on the stock in a report on Thursday, August 8th. Raymond James reissued a “market perform” rating on shares of Walt Disney in a report on Tuesday, October 1st. Macquarie cut their target price 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. Evercore ISI cut their target price 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. Finally, Piper Sandler began coverage on Walt Disney in a research note on Wednesday, October 16th. They set a “neutral” rating and a $95.00 target price on the stock. Five research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $118.05.

Insider Activity at Walt Disney

In other news, Director Calvin Mcdonald acquired 11,756 shares of Walt Disney 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 completion of the transaction, the director now owns 22,313 shares in the company, valued at approximately $1,897,943.78. This trade represents a 100.00 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders own 0.10% of the company’s stock.

Walt Disney Stock Down 0.4 %

Shares of DIS stock traded down $0.39 on Friday, reaching $95.81. 7,944,869 shares of the company’s stock traded hands, compared to its average volume of 7,666,039. The Walt Disney Company has a 12-month low of $81.82 and a 12-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 company has a market capitalization of $173.76 billion, a P/E ratio of 36.85, a price-to-earnings-growth ratio of 1.53 and a beta of 1.40. The business’s 50 day moving average price is $93.16 and its two-hundred day moving average price is $97.45.

Walt Disney (NYSE:DIS) last released 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 return on equity of 8.64% and a net margin of 5.30%. The business’s revenue for the quarter was up 3.9% on a year-over-year basis. During the same quarter last year, the firm earned $1.03 earnings per share. On average, equities analysts forecast that The Walt Disney Company will post 4.93 earnings per share for the current year.

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.