Traphagen Investment Advisors LLC Decreases Stock Holdings in The Walt Disney Company (NYSE:DIS)

Traphagen Investment Advisors LLC decreased its stake in shares of The Walt Disney Company (NYSE:DIS) by 2.5% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 6,997 shares of the entertainment giant’s stock after selling 178 shares during the period. Traphagen Investment Advisors LLC’s holdings in Walt Disney were worth $673,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Jennison Associates LLC bought a new stake in shares of Walt Disney in the first quarter worth $1,490,492,000. Capital World Investors boosted its position in Walt Disney by 3,332.4% in the first quarter. Capital World Investors now owns 6,267,593 shares of the entertainment giant’s stock worth $766,903,000 after purchasing an additional 6,084,993 shares during the last quarter. Swedbank AB bought a new stake in shares of Walt Disney during the 1st quarter valued at about $493,715,000. Farallon Capital Management LLC purchased a new stake in shares of Walt Disney during the 2nd quarter valued at about $355,673,000. Finally, Ontario Teachers Pension Plan Board bought a new position in shares of Walt Disney in the 1st quarter worth approximately $425,567,000. Hedge funds and other institutional investors own 65.71% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on DIS. Evercore ISI cut their target price on shares of Walt Disney from $128.00 to $105.00 and set an “outperform” rating for the company in a research report on Thursday, August 8th. Piper Sandler started coverage on shares of Walt Disney in a report on Wednesday, October 16th. They issued a “neutral” rating and a $95.00 target price for the company. UBS Group lowered their price target on shares of Walt Disney from $130.00 to $120.00 and set a “buy” rating on the stock in a report on Thursday, August 8th. Morgan Stanley reduced their price objective on shares of Walt Disney from $130.00 to $110.00 and set an “overweight” rating for the company in a research note on Monday, August 5th. Finally, Loop Capital lowered their target price on shares of Walt Disney from $139.00 to $130.00 and set a “buy” rating on the stock in a research note on Tuesday, July 30th. Five investment analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Walt Disney has an average rating of “Moderate Buy” and a consensus price target of $118.05.

Walt Disney Stock Up 0.5 %

Shares of DIS stock traded up $0.48 on Tuesday, hitting $97.10. The stock had a trading volume of 1,183,734 shares, compared to its average volume of 10,920,333. 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 Walt Disney Company has a one year low of $79.23 and a one year high of $123.74. The business has a 50 day moving average price of $91.94 and a 200 day moving average price of $98.60. The company has a market cap of $177.02 billion, a PE ratio of 105.08, a P/E/G ratio of 1.49 and a beta of 1.40.

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, topping the consensus estimate of $1.20 by $0.19. The firm had revenue of $23.20 billion during the quarter, compared to analysts’ expectations of $23.08 billion. Walt Disney had a net margin of 5.30% and a return on equity of 8.64%. The company’s revenue was up 3.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.03 EPS. Research analysts anticipate that The Walt Disney Company will post 4.92 earnings per share for the current fiscal year.

Insider Buying and Selling at Walt Disney

In related news, Director Calvin Mcdonald purchased 11,756 shares of Walt Disney stock in a transaction dated Thursday, August 8th. The stock was purchased at an average cost of $85.06 per share, with a total value of $999,965.36. Following the transaction, the director now owns 22,313 shares in the company, valued at approximately $1,897,943.78. The trade was a 100.00 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.10% of the company’s stock.

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.