Arkadios Wealth Advisors Sells 12,690 Shares of The Walt Disney Company (NYSE:DIS)

Arkadios Wealth Advisors reduced its stake in The Walt Disney Company (NYSE:DIS) by 31.0% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 28,283 shares of the entertainment giant’s stock after selling 12,690 shares during the period. Arkadios Wealth Advisors’ holdings in Walt Disney were worth $2,721,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in DIS. Jennison Associates LLC bought a new position in shares of Walt Disney in the first quarter worth $1,490,492,000. Capital World Investors boosted its stake in Walt Disney by 3,332.4% during the first quarter. Capital World Investors now owns 6,267,593 shares of the entertainment giant’s stock valued at $766,903,000 after buying an additional 6,084,993 shares during the period. Swedbank AB bought a new stake in Walt Disney during the first quarter valued at $493,715,000. Farallon Capital Management LLC bought a new stake in Walt Disney during the second quarter valued at $355,673,000. Finally, Ontario Teachers Pension Plan Board bought a new stake in Walt Disney during the first quarter valued at $425,567,000. 65.71% of the stock is owned by institutional investors.

Walt Disney Stock Down 0.4 %

Shares of NYSE:DIS opened at $95.03 on Friday. The Walt Disney Company has a 1 year low of $79.23 and a 1 year high of $123.74. The company has a market cap of $173.24 billion, a PE ratio of 103.29, a P/E/G ratio of 1.49 and a beta of 1.40. 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 stock’s 50-day moving average is $92.61 and its 200 day moving average is $98.12.

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, 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 company had revenue of $23.20 billion for the quarter, compared to the consensus estimate of $23.08 billion. During the same quarter in the previous year, the business earned $1.03 EPS. Walt Disney’s revenue was up 3.9% compared to the same quarter last year. Sell-side analysts anticipate that The Walt Disney Company will post 4.92 EPS for the current year.

Wall Street Analyst Weigh In

Several research firms recently issued reports on DIS. Loop Capital dropped their price objective on Walt Disney from $139.00 to $130.00 and set a “buy” rating for the company in a research note on Tuesday, July 30th. Macquarie dropped their price objective on Walt Disney from $94.00 to $91.00 and set a “neutral” rating for the company in a research note on Thursday, September 19th. Evercore ISI dropped their price objective on Walt Disney from $128.00 to $105.00 and set an “outperform” rating for the company in a research note on Thursday, August 8th. Raymond James reissued a “market perform” rating on shares of Walt Disney in a research note on Tuesday, October 1st. Finally, Bank of America lowered their price target on Walt Disney from $145.00 to $120.00 and set a “buy” rating on the stock in a research report on Thursday, August 8th. Five analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $118.05.

Insider Activity at Walt Disney

In other Walt Disney news, Director Calvin Mcdonald purchased 11,756 shares of Walt Disney stock in a transaction that occurred on Thursday, August 8th. The shares were bought at an average price of $85.06 per share, for a total transaction of $999,965.36. Following the acquisition, the director now directly 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 Securities & Exchange Commission, which is available at this link. 0.10% of the stock is owned by company insiders.

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.