The Walt Disney Company (NYSE:DIS) Shares Sold by Easterly Investment Partners LLC

Easterly Investment Partners LLC cut its holdings in shares of The Walt Disney Company (NYSE:DIS) by 10.0% in the 3rd quarter, Holdings Channel reports. The firm owned 96,321 shares of the entertainment giant’s stock after selling 10,684 shares during the period. Easterly Investment Partners LLC’s holdings in Walt Disney were worth $9,265,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the business. Capital Performance Advisors LLP purchased a new stake in shares of Walt Disney in the 3rd quarter valued at approximately $172,000. Granite Group Advisors LLC lifted its position in shares of Walt Disney by 47.7% in the 3rd quarter. Granite Group Advisors LLC now owns 739,835 shares of the entertainment giant’s stock valued at $71,165,000 after acquiring an additional 238,893 shares in the last quarter. Reik & CO. LLC lifted its position in shares of Walt Disney by 124.8% in the 3rd quarter. Reik & CO. LLC now owns 8,613 shares of the entertainment giant’s stock valued at $828,000 after acquiring an additional 4,781 shares in the last quarter. Summit Global Investments lifted its position in shares of Walt Disney by 476.0% in the 3rd quarter. Summit Global Investments now owns 12,379 shares of the entertainment giant’s stock valued at $1,191,000 after acquiring an additional 10,230 shares in the last quarter. Finally, Smith Thornton Advisors LLC lifted its position in shares of Walt Disney by 11.7% in the 3rd quarter. Smith Thornton Advisors LLC now owns 9,241 shares of the entertainment giant’s stock valued at $889,000 after acquiring an additional 967 shares in the last quarter. 65.71% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts recently commented on the stock. Deutsche Bank Aktiengesellschaft reduced their price target on shares of Walt Disney from $130.00 to $115.00 and set a “buy” rating for the company in a research report on Thursday, August 8th. 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 price objective on the stock. Loop Capital dropped their price objective on shares of Walt Disney from $139.00 to $130.00 and set a “buy” rating on the stock in a research note on Tuesday, July 30th. Barclays dropped their price objective 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. Finally, Morgan Stanley dropped their price objective on shares of Walt Disney from $130.00 to $110.00 and set an “overweight” rating on the stock in a research note on Monday, August 5th. Five 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 company. Based on data from MarketBeat.com, Walt Disney has an average rating of “Moderate Buy” and an average price target of $118.05.

Walt Disney Price Performance

Shares of NYSE:DIS traded down $0.24 during midday trading on Friday, reaching $98.69. 2,119,178 shares of the company’s stock were exchanged, compared to its average volume of 10,698,805. The company’s 50 day simple moving average is $93.54 and its two-hundred day simple moving average is $97.12. The firm has a market capitalization of $178.98 billion, a PE ratio of 38.05, a price-to-earnings-growth ratio of 1.52 and a beta of 1.40. The Walt Disney Company has a 12 month low of $83.91 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.

Walt Disney (NYSE:DIS) last released its quarterly earnings data on Wednesday, August 7th. The entertainment giant reported $1.39 EPS for the quarter, topping 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 revenue for the quarter was up 3.9% compared to the same quarter last year. During the same period last year, the firm earned $1.03 EPS. Equities research analysts expect that The Walt Disney Company will post 4.93 earnings per share for the current fiscal 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.