Janney Montgomery Scott LLC Trims Stock Position in The Walt Disney Company (NYSE:DIS)

Janney Montgomery Scott LLC decreased its position in The Walt Disney Company (NYSE:DIS) by 14.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 405,974 shares of the entertainment giant’s stock after selling 66,486 shares during the period. Janney Montgomery Scott LLC’s holdings in Walt Disney were worth $39,051,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the company. Capital World Investors raised its stake in shares of Walt Disney by 3,332.4% in the 1st quarter. Capital World Investors now owns 6,267,593 shares of the entertainment giant’s stock valued at $766,903,000 after acquiring an additional 6,084,993 shares during the period. Swedbank AB acquired a new stake in shares of Walt Disney in the first quarter valued at $493,715,000. Farallon Capital Management LLC purchased a new stake in shares of Walt Disney in the 2nd quarter valued at $355,673,000. Ontario Teachers Pension Plan Board acquired a new position in Walt Disney during the 1st quarter worth about $425,567,000. Finally, International Assets Investment Management LLC boosted its holdings in Walt Disney by 12,574.4% during the 3rd quarter. International Assets Investment Management LLC now owns 3,426,393 shares of the entertainment giant’s stock valued at $329,585,000 after acquiring an additional 3,399,359 shares during the period. Hedge funds and other institutional investors own 65.71% of the company’s stock.

Insider Transactions at Walt Disney

In other Walt Disney news, Director Calvin Mcdonald acquired 11,756 shares of the company’s stock in a transaction that occurred on Thursday, August 8th. The shares were purchased at an average price of $85.06 per share, with a total value of $999,965.36. Following the completion of the acquisition, the director now directly owns 22,313 shares of the company’s stock, valued at approximately $1,897,943.78. The trade was a 100.00 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Company insiders own 0.10% of the company’s stock.

Walt Disney Stock Down 0.4 %

DIS opened at $95.81 on Monday. The Walt Disney Company has a 52 week low of $81.82 and a 52 week high of $123.74. The business has a 50 day moving average price of $93.16 and a two-hundred day moving average price of $97.34. The company has a quick ratio of 0.66, a current ratio of 0.72 and a debt-to-equity ratio of 0.38. The company has a market cap of $173.76 billion, a PE ratio of 36.85, a P/E/G ratio of 1.53 and a beta of 1.40.

Walt Disney (NYSE:DIS) last released its quarterly earnings results on Wednesday, August 7th. The entertainment giant reported $1.39 EPS for the quarter, topping the consensus estimate 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 analysts’ expectations of $23.08 billion. During the same quarter in the prior year, the business earned $1.03 earnings per share. The company’s quarterly revenue was up 3.9% compared to the same quarter last year. As a group, research analysts anticipate that The Walt Disney Company will post 4.93 EPS for the current year.

Analyst Upgrades and Downgrades

DIS has been the subject of several recent research reports. Piper Sandler assumed coverage on shares of Walt Disney in a research note on Wednesday, October 16th. They issued a “neutral” rating and a $95.00 price objective for the company. Barclays decreased their price target on shares of Walt Disney from $130.00 to $105.00 and set an “overweight” rating for the company in a research report on Thursday, August 8th. Macquarie reduced their price objective on Walt Disney from $94.00 to $91.00 and set a “neutral” rating on the stock in a research note on Thursday, September 19th. Wells Fargo & Company lowered their target price on Walt Disney from $136.00 to $116.00 and set an “overweight” rating for the company in a research note on Thursday, August 8th. Finally, JPMorgan Chase & Co. reduced their price target on Walt Disney from $135.00 to $125.00 and set an “overweight” rating on the stock in a research report on Thursday, August 8th. Five equities 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. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $118.05.

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.