Sunpointe LLC Decreases Position in The Walt Disney Company (NYSE:DIS)

Sunpointe LLC reduced its holdings in shares of The Walt Disney Company (NYSE:DIS) by 3.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,764 shares of the entertainment giant’s stock after selling 152 shares during the period. Sunpointe LLC’s holdings in Walt Disney were worth $458,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in DIS. ESL Trust Services LLC acquired a new stake in Walt Disney in the 1st quarter worth approximately $31,000. William B. Walkup & Associates Inc. purchased a new stake in shares of Walt Disney during the second quarter valued at $32,000. Mascoma Wealth Management LLC increased its position in shares of Walt Disney by 38.0% in the 2nd quarter. Mascoma Wealth Management LLC now owns 443 shares of the entertainment giant’s stock valued at $44,000 after acquiring an additional 122 shares during the period. Red Tortoise LLC boosted its holdings in shares of Walt Disney by 141.4% in the 1st quarter. Red Tortoise LLC now owns 367 shares of the entertainment giant’s stock valued at $45,000 after acquiring an additional 215 shares during the last quarter. Finally, First PREMIER Bank increased its stake in shares of Walt Disney by 98.1% in the third quarter. First PREMIER Bank now owns 517 shares of the entertainment giant’s stock worth $50,000 after acquiring an additional 256 shares during the period. 65.71% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Walt Disney

In other news, Director Calvin Mcdonald acquired 11,756 shares of Walt Disney stock in a transaction on Thursday, August 8th. The stock was bought at an average price of $85.06 per share, for a total transaction of $999,965.36. Following the completion of the purchase, 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 acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 0.10% of the company’s stock.

Walt Disney Stock Up 0.1 %

Shares of Walt Disney stock traded up $0.14 during trading on Wednesday, hitting $94.36. 344,811 shares of the stock were exchanged, compared to its average volume of 10,953,157. The Walt Disney Company has a 12-month low of $79.23 and a 12-month high of $123.74. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.72 and a quick ratio of 0.66. The stock has a market cap of $172.02 billion, a price-to-earnings ratio of 102.47, a price-to-earnings-growth ratio of 1.49 and a beta of 1.40. The firm’s 50-day moving average price is $91.08 and its 200 day moving average price is $99.26.

Walt Disney (NYSE:DIS) last issued its 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 business had revenue of $23.20 billion for the quarter, compared to analyst estimates of $23.08 billion. Walt Disney had a return on equity of 8.64% and a net margin of 5.30%. The business’s quarterly revenue was up 3.9% on a year-over-year basis. During the same quarter last year, the company earned $1.03 EPS. As a group, analysts forecast that The Walt Disney Company will post 4.92 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

DIS has been the topic of several analyst reports. The Goldman Sachs Group started coverage on Walt Disney in a research report on Tuesday, June 25th. They set a “buy” rating and a $125.00 price target on the stock. Deutsche Bank Aktiengesellschaft lowered their price objective on Walt Disney from $130.00 to $115.00 and set a “buy” rating on the stock in a research report on Thursday, August 8th. Morgan Stanley decreased their target price on Walt Disney from $130.00 to $110.00 and set an “overweight” rating on the stock in a research report on Monday, August 5th. Macquarie dropped their price target on Walt Disney from $94.00 to $91.00 and set a “neutral” rating for the company in a research report on Thursday, September 19th. Finally, Moffett Nathanson decreased their price objective on Walt Disney from $130.00 to $125.00 and set a “buy” rating on the stock in a report on Tuesday, July 2nd. Five research analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price 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.