The Walt Disney Company (NYSE:DIS) Shares Sold by Bellevue Asset Management LLC

Bellevue Asset Management LLC lowered its stake in shares of The Walt Disney Company (NYSE:DIS) by 23.4% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,473 shares of the entertainment giant’s stock after selling 450 shares during the quarter. Bellevue Asset Management LLC’s holdings in Walt Disney were worth $142,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the stock. Ashton Thomas Private Wealth LLC increased its holdings in Walt Disney by 19.3% in the 1st quarter. Ashton Thomas Private Wealth LLC now owns 20,842 shares of the entertainment giant’s stock worth $2,550,000 after buying an additional 3,373 shares during the period. China Universal Asset Management Co. Ltd. lifted its position in shares of Walt Disney by 30.7% during the 1st quarter. China Universal Asset Management Co. Ltd. now owns 15,672 shares of the entertainment giant’s stock valued at $1,918,000 after buying an additional 3,681 shares in the last quarter. Norden Group LLC lifted its position in shares of Walt Disney by 4.8% during the 1st quarter. Norden Group LLC now owns 9,537 shares of the entertainment giant’s stock valued at $1,167,000 after buying an additional 439 shares in the last quarter. Lodestone Wealth Management LLC purchased a new position in shares of Walt Disney during the 1st quarter valued at approximately $264,000. Finally, Diversify Advisory Services LLC purchased a new position in shares of Walt Disney during the 1st quarter valued at approximately $5,648,000. Institutional investors and hedge funds own 65.71% of the company’s stock.

Analysts Set New Price Targets

DIS has been the topic of a number of research reports. Morgan Stanley decreased their price objective on Walt Disney from $130.00 to $110.00 and set an “overweight” rating on the stock in a report on Monday, August 5th. Loop Capital decreased their price objective on Walt Disney from $139.00 to $130.00 and set a “buy” rating on the stock in a report on Tuesday, July 30th. Evercore ISI decreased their price objective on Walt Disney from $128.00 to $105.00 and set an “outperform” rating on the stock in a report on Thursday, August 8th. Raymond James restated a “market perform” rating on shares of Walt Disney in a report on Tuesday, October 1st. Finally, Piper Sandler initiated coverage on Walt Disney in a report on Wednesday, October 16th. They issued a “neutral” rating and a $95.00 price objective on the stock. Five 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 stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $118.05.

Walt Disney Stock Down 1.1 %

Shares of NYSE:DIS opened at $95.04 on Thursday. The business has a 50-day moving average price of $92.93 and a 200 day moving average price of $97.69. The company has a current ratio of 0.72, a quick ratio of 0.66 and a debt-to-equity ratio of 0.38. The company has a market capitalization of $173.26 billion, a price-to-earnings ratio of 103.30, a PEG ratio of 1.49 and a beta of 1.40. The Walt Disney Company has a 12-month low of $80.18 and a 12-month high of $123.74.

Walt Disney (NYSE:DIS) last released its earnings results on Wednesday, August 7th. The entertainment giant reported $1.39 earnings per share for the quarter, beating the consensus estimate 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 return on equity of 8.64% and a net margin of 5.30%. Walt Disney’s revenue was up 3.9% compared to the same quarter last year. During the same period in the previous year, the company posted $1.03 EPS. Sell-side analysts expect that The Walt Disney Company will post 4.92 EPS for the current year.

Insider Buying and Selling at Walt Disney

In other news, Director Calvin Mcdonald bought 11,756 shares of the company’s stock in a transaction on Thursday, August 8th. The stock was bought at an average cost of $85.06 per share, with a total value of $999,965.36. Following the transaction, the director now directly owns 22,313 shares in the company, valued at $1,897,943.78. The trade was a 100.00 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.10% of the stock is currently owned by corporate insiders.

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.