Stockman Wealth Management Inc. Sells 178 Shares of The Walt Disney Company (NYSE:DIS)

Stockman Wealth Management Inc. lessened its position in The Walt Disney Company (NYSE:DIS) by 5.0% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 3,369 shares of the entertainment giant’s stock after selling 178 shares during the period. Stockman Wealth Management Inc.’s holdings in Walt Disney were worth $324,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. increased its position in Walt Disney by 1.5% during the 1st quarter. Vanguard Group Inc. now owns 153,769,084 shares of the entertainment giant’s stock valued at $18,815,185,000 after buying an additional 2,325,582 shares in the last quarter. Bank of New York Mellon Corp raised its position in shares of Walt Disney by 10.8% in the 2nd quarter. Bank of New York Mellon Corp now owns 14,883,983 shares of the entertainment giant’s stock worth $1,477,831,000 after purchasing an additional 1,449,730 shares during the last quarter. Legal & General Group Plc boosted its stake in Walt Disney by 3.1% in the 2nd quarter. Legal & General Group Plc now owns 14,281,047 shares of the entertainment giant’s stock worth $1,417,958,000 after purchasing an additional 425,438 shares in the last quarter. Price T Rowe Associates Inc. MD grew its position in Walt Disney by 2.5% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 12,040,297 shares of the entertainment giant’s stock valued at $1,473,252,000 after purchasing an additional 293,482 shares during the last quarter. Finally, Ameriprise Financial Inc. increased its stake in Walt Disney by 1.0% during the 2nd quarter. Ameriprise Financial Inc. now owns 9,953,903 shares of the entertainment giant’s stock valued at $988,290,000 after purchasing an additional 102,210 shares in the last quarter. Hedge funds and other institutional investors own 65.71% of the company’s stock.

Walt Disney Trading Up 0.1 %

Shares of NYSE:DIS traded up $0.09 during trading on Friday, reaching $99.02. 7,982,113 shares of the company were exchanged, 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 firm has a market capitalization of $179.58 billion, a PE ratio of 38.08, a P/E/G ratio of 1.57 and a beta of 1.40. The business’s fifty day simple moving average is $93.90 and its 200-day simple moving average is $96.93. The Walt Disney Company has a 12-month low of $83.91 and a 12-month high of $123.74.

Walt Disney (NYSE:DIS) last issued its earnings results on Wednesday, August 7th. The entertainment giant reported $1.39 earnings per share for the quarter, beating 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 business had revenue of $23.20 billion during the quarter, compared to analyst estimates of $23.08 billion. During the same period in the previous year, the company posted $1.03 EPS. Walt Disney’s revenue was up 3.9% on a year-over-year basis. On average, research analysts anticipate that The Walt Disney Company will post 4.93 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the stock. Needham & Company LLC restated a “buy” rating and issued a $110.00 price objective on shares of Walt Disney in a report on Wednesday, October 23rd. JPMorgan Chase & Co. lowered their price target on Walt Disney from $135.00 to $125.00 and set an “overweight” rating on the stock in a report on Thursday, August 8th. Deutsche Bank Aktiengesellschaft reduced their price objective on Walt Disney from $130.00 to $115.00 and set a “buy” rating for the company 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 on the stock in a research note on Thursday, August 8th. Finally, Evercore ISI reduced their price target on shares of Walt Disney from $128.00 to $105.00 and set an “outperform” rating for the company in a research note on Thursday, August 8th. Five research analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $118.05.

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.