Northeast Investment Management Lowers Stock Position in The Walt Disney Company (NYSE:DIS)

Northeast Investment Management lessened its stake in shares of The Walt Disney Company (NYSE:DIS) by 11.1% in the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 191,869 shares of the entertainment giant’s stock after selling 24,076 shares during the period. Northeast Investment Management’s holdings in Walt Disney were worth $18,456,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in DIS. Capital World Investors boosted its position in shares of 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 valued at $766,903,000 after acquiring an additional 6,084,993 shares during the period. Swedbank AB purchased a new position in shares of Walt Disney during the first quarter worth approximately $493,715,000. Farallon Capital Management LLC purchased a new position in shares of Walt Disney during the second quarter worth approximately $355,673,000. Ontario Teachers Pension Plan Board purchased a new position in shares of Walt Disney in the first quarter worth $425,567,000. Finally, International Assets Investment Management LLC increased its stake in shares of Walt Disney by 12,574.4% in the third quarter. International Assets Investment Management LLC now owns 3,426,393 shares of the entertainment giant’s stock worth $329,585,000 after buying an additional 3,399,359 shares during the period. Hedge funds and other institutional investors own 65.71% of the company’s stock.

Walt Disney Stock Down 0.4 %

NYSE DIS opened at $95.81 on Monday. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.66 and a current ratio of 0.72. The company has a market capitalization of $173.76 billion, a P/E ratio of 36.85, a P/E/G ratio of 1.53 and a beta of 1.40. The Walt Disney Company has a one year low of $81.82 and a one year high of $123.74. The stock has a 50 day moving average price of $93.16 and a 200-day moving average price of $97.34.

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, topping 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 business had revenue of $23.20 billion for the quarter, compared to analyst estimates of $23.08 billion. During the same quarter last year, the firm posted $1.03 earnings per share. The business’s revenue was up 3.9% compared to the same quarter last year. As a group, equities analysts predict that The Walt Disney Company will post 4.93 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on DIS. Macquarie reduced 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. Raymond James reissued a “market perform” rating on shares of Walt Disney in a research report on Tuesday, October 1st. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Walt Disney from $130.00 to $115.00 and set a “buy” rating on the stock in a research report on Thursday, August 8th. Bank of America reduced their price objective on shares of Walt Disney from $145.00 to $120.00 and set a “buy” rating on the stock in a research report on Thursday, August 8th. Finally, Needham & Company LLC restated a “buy” rating and set a $110.00 target price on shares of Walt Disney in a report on Wednesday, October 23rd. Five analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $118.05.

Insider Activity

In related 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 bought at an average price of $85.06 per share, with a total value of $999,965.36. Following the completion of the transaction, the director now directly owns 22,313 shares in the company, valued at $1,897,943.78. This trade represents a 100.00 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 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.