Crossmark Global Holdings Inc. Reduces Stock Position in The Walt Disney Company (NYSE:DIS)

Crossmark Global Holdings Inc. decreased its stake in shares of The Walt Disney Company (NYSE:DIS) by 0.1% during the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 227,151 shares of the entertainment giant’s stock after selling 246 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in Walt Disney were worth $21,849,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Tyler Stone Wealth Management boosted its position in shares of Walt Disney by 90.9% during the 3rd quarter. Tyler Stone Wealth Management now owns 3,163 shares of the entertainment giant’s stock valued at $304,000 after acquiring an additional 1,506 shares during the last quarter. Baker Avenue Asset Management LP boosted its holdings in Walt Disney by 105.2% in the 3rd quarter. Baker Avenue Asset Management LP now owns 4,937 shares of the entertainment giant’s stock valued at $475,000 after purchasing an additional 2,531 shares during the last quarter. Mayflower Financial Advisors LLC grew its stake in shares of Walt Disney by 2.8% in the 3rd quarter. Mayflower Financial Advisors LLC now owns 7,112 shares of the entertainment giant’s stock valued at $684,000 after buying an additional 192 shares during the period. Axxcess Wealth Management LLC increased its holdings in shares of Walt Disney by 13.2% during the 3rd quarter. Axxcess Wealth Management LLC now owns 64,819 shares of the entertainment giant’s stock worth $6,235,000 after buying an additional 7,538 shares during the last quarter. Finally, Eagle Bluffs Wealth Management LLC raised its position in shares of Walt Disney by 0.7% during the 3rd quarter. Eagle Bluffs Wealth Management LLC now owns 15,890 shares of the entertainment giant’s stock valued at $1,528,000 after buying an additional 114 shares during the period. Hedge funds and other institutional investors own 65.71% of the company’s stock.

Wall Street Analyst Weigh In

DIS has been the subject of several recent analyst reports. Piper Sandler initiated coverage on Walt Disney in a research note on Wednesday, October 16th. They set a “neutral” rating and a $95.00 target price for the company. Evercore ISI reduced their price objective on shares of Walt Disney from $128.00 to $105.00 and set an “outperform” rating on the stock in a report on Thursday, August 8th. Barclays lowered their target price on shares of Walt Disney from $130.00 to $105.00 and set an “overweight” rating for the company in a research note on Thursday, August 8th. Seaport Res Ptn raised shares of Walt Disney from a “hold” rating to a “strong-buy” rating in a research note on Monday, September 30th. Finally, Raymond James restated a “market perform” rating on shares of Walt Disney in a report on Tuesday, October 1st. Five equities research 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 stock. According to MarketBeat, Walt Disney has an average rating of “Moderate Buy” and a consensus price target of $118.05.

Walt Disney Stock Up 0.1 %

Shares of DIS traded up $0.09 during midday trading on Friday, reaching $99.02. The stock had a trading volume of 7,982,113 shares, compared to its average volume of 7,450,800. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.72 and a quick ratio of 0.66. The company’s fifty day simple moving average is $93.90 and its two-hundred day simple moving average is $97.05. The company has a market cap of $179.58 billion, a price-to-earnings ratio of 38.08, a PEG ratio of 1.57 and a beta of 1.40. The Walt Disney Company has a 1-year low of $83.91 and a 1-year 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, topping analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $23.08 billion. During the same period in the previous year, the business earned $1.03 EPS. Walt Disney’s revenue for the quarter was up 3.9% on a year-over-year basis. Equities research analysts expect that The Walt Disney Company will post 4.93 earnings per share for the current year.

Walt Disney Company 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.