ERn Financial LLC Sells 220 Shares of The Walt Disney Company (NYSE:DIS)

ERn Financial LLC lessened its holdings in The Walt Disney Company (NYSE:DIS) by 2.9% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 7,464 shares of the entertainment giant’s stock after selling 220 shares during the period. ERn Financial LLC’s holdings in Walt Disney were worth $718,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Jennison Associates LLC bought a new stake in Walt Disney during the 1st quarter valued at $1,490,492,000. Capital World Investors boosted its position 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 purchasing an additional 6,084,993 shares in the last quarter. Swedbank AB purchased a new position in Walt Disney in the first quarter valued at about $493,715,000. Farallon Capital Management LLC bought a new position in Walt Disney in the second quarter worth about $355,673,000. Finally, Ontario Teachers Pension Plan Board purchased a new stake in shares of Walt Disney during the first quarter valued at about $425,567,000. 65.71% of the stock is currently owned by institutional investors.

Walt Disney Price Performance

Shares of DIS opened at $94.27 on Wednesday. The business’s 50-day moving average is $91.08 and its two-hundred day moving average is $99.26. The company has a market capitalization of $171.86 billion, a P/E ratio of 102.47, a P/E/G ratio of 1.49 and a beta of 1.40. The Walt Disney Company has a fifty-two week low of $79.23 and a fifty-two week high of $123.74. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.66 and a current ratio of 0.72.

Walt Disney (NYSE:DIS) last announced its quarterly 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. 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 during the quarter, compared to analysts’ expectations of $23.08 billion. During the same period last year, the business earned $1.03 earnings per share. Walt Disney’s quarterly revenue was up 3.9% on a year-over-year basis. Research analysts predict that The Walt Disney Company will post 4.92 earnings per share for the current year.

Insider Activity at Walt Disney

In other news, Director Calvin Mcdonald purchased 11,756 shares of the company’s 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 completion of the transaction, the director now owns 22,313 shares in the company, valued at $1,897,943.78. This represents a 100.00 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 0.10% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on DIS. Macquarie cut their price objective on shares of Walt Disney from $94.00 to $91.00 and set a “neutral” rating on the stock in a research report on Thursday, September 19th. Seaport Res Ptn raised Walt Disney from a “hold” rating to a “strong-buy” rating in a research report on Monday, September 30th. Barclays lowered 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. Morgan Stanley dropped their target price on Walt Disney from $130.00 to $110.00 and set an “overweight” rating on the stock in a research note on Monday, August 5th. Finally, Loop Capital decreased their price target 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. Four 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. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $119.20.

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.