NFJ Investment Group LLC Has $19.92 Million Position in The Walt Disney Company (NYSE:DIS)

NFJ Investment Group LLC cut its stake in The Walt Disney Company (NYSE:DIS) by 0.1% in the 3rd quarter, Holdings Channel.com reports. The fund owned 207,119 shares of the entertainment giant’s stock after selling 104 shares during the quarter. NFJ Investment Group LLC’s holdings in Walt Disney were worth $19,923,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of DIS. William B. Walkup & Associates Inc. acquired a new stake in Walt Disney during the second quarter worth about $32,000. Mascoma Wealth Management LLC increased its stake in Walt Disney by 38.0% in the second quarter. Mascoma Wealth Management LLC now owns 443 shares of the entertainment giant’s stock valued at $44,000 after acquiring an additional 122 shares during the last quarter. First PREMIER Bank raised its position in Walt Disney by 98.1% during the third quarter. First PREMIER Bank now owns 517 shares of the entertainment giant’s stock valued at $50,000 after purchasing an additional 256 shares in the last quarter. FSA Wealth Management LLC acquired a new stake in shares of Walt Disney in the 3rd quarter valued at $51,000. Finally, Iron Horse Wealth Management LLC increased its stake in shares of Walt Disney by 148.7% in the 2nd quarter. Iron Horse Wealth Management LLC now owns 557 shares of the entertainment giant’s stock valued at $55,000 after purchasing an additional 333 shares during the last quarter. 65.71% of the stock is currently owned by institutional investors.

Walt Disney Stock Performance

NYSE:DIS traded down $1.62 on Tuesday, reaching $115.54. 2,399,222 shares of the company’s stock were exchanged, compared to its average volume of 10,902,058. The stock has a fifty day simple moving average of $100.46 and a 200-day simple moving average of $97.17. The Walt Disney Company has a 52 week low of $83.91 and a 52 week high of $123.74. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.73 and a quick ratio of 0.67. The firm has a market cap of $209.24 billion, a price-to-earnings ratio of 43.23, a P/E/G ratio of 2.18 and a beta of 1.42.

Walt Disney (NYSE:DIS) last released its quarterly earnings data on Thursday, November 14th. The entertainment giant reported $1.14 EPS for the quarter, beating analysts’ consensus estimates of $1.09 by $0.05. Walt Disney had a net margin of 5.44% and a return on equity of 9.21%. The company had revenue of $22.57 billion during the quarter, compared to analyst estimates of $22.49 billion. During the same period last year, the business earned $0.82 earnings per share. Walt Disney’s revenue was up 6.3% compared to the same quarter last year. As a group, sell-side analysts predict that The Walt Disney Company will post 5.38 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on DIS shares. Barclays dropped their price objective on Walt Disney from $130.00 to $105.00 and set an “overweight” rating for the company in a research report on Thursday, August 8th. JPMorgan Chase & Co. lowered their price objective on shares of Walt Disney from $135.00 to $125.00 and set an “overweight” rating for the company in a research report on Thursday, August 8th. Raymond James restated a “market perform” rating on shares of Walt Disney in a research report on Tuesday, October 1st. Bank of America upped their price target on shares of Walt Disney from $120.00 to $140.00 and gave the stock a “buy” rating in a report on Friday, November 15th. Finally, Macquarie raised their price objective on Walt Disney from $91.00 to $110.00 and gave the company a “neutral” rating in a report on Friday, November 15th. Five equities research analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $123.83.

Insider Activity at Walt Disney

In other Walt Disney news, CEO Robert A. Iger sold 372,412 shares of the company’s stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $114.57, for a total transaction of $42,667,242.84. Following the transaction, the chief executive officer now owns 226,767 shares in the company, valued at approximately $25,980,695.19. This represents a 62.15 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Brent Woodford sold 5,000 shares of Walt Disney stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of $113.62, for a total transaction of $568,100.00. Following the transaction, the executive vice president now directly owns 44,055 shares of the company’s stock, valued at approximately $5,005,529.10. This trade represents a 10.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.10% of the stock is owned by insiders.

About Walt Disney

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.