J.P. Marvel Investment Advisors LLC Sells 2,516 Shares of The Walt Disney Company (NYSE:DIS)

J.P. Marvel Investment Advisors LLC cut its stake in shares of The Walt Disney Company (NYSE:DIS) by 5.7% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 41,916 shares of the entertainment giant’s stock after selling 2,516 shares during the period. J.P. Marvel Investment Advisors LLC’s holdings in Walt Disney were worth $4,032,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Transcendent Capital Group LLC boosted its holdings in Walt Disney by 1.4% during the first quarter. Transcendent Capital Group LLC now owns 7,912 shares of the entertainment giant’s stock worth $968,000 after purchasing an additional 108 shares during the last quarter. ADE LLC boosted its stake in shares of Walt Disney by 4.6% in the 2nd quarter. ADE LLC now owns 2,509 shares of the entertainment giant’s stock worth $249,000 after buying an additional 110 shares during the last quarter. Cozad Asset Management Inc. grew its holdings in shares of Walt Disney by 1.9% in the third quarter. Cozad Asset Management Inc. now owns 6,017 shares of the entertainment giant’s stock valued at $579,000 after acquiring an additional 110 shares in the last quarter. Absher Wealth Management LLC increased its position in shares of Walt Disney by 0.8% during the third quarter. Absher Wealth Management LLC now owns 14,141 shares of the entertainment giant’s stock valued at $1,360,000 after acquiring an additional 111 shares during the last quarter. Finally, Archford Capital Strategies LLC lifted its holdings in Walt Disney by 2.3% during the second quarter. Archford Capital Strategies LLC now owns 4,966 shares of the entertainment giant’s stock worth $493,000 after acquiring an additional 112 shares during the period. 65.71% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages have recently issued reports on DIS. Needham & Company LLC reaffirmed a “buy” rating and set a $110.00 target price on shares of Walt Disney in a research report on Wednesday, October 23rd. Morgan Stanley lowered their price objective on shares of Walt Disney from $130.00 to $110.00 and set an “overweight” rating on the stock in a research report on Monday, August 5th. JPMorgan Chase & Co. dropped their target price on shares of Walt Disney from $135.00 to $125.00 and set an “overweight” rating on the stock in a research note on Thursday, August 8th. Deutsche Bank Aktiengesellschaft decreased their price target on shares of Walt Disney from $130.00 to $115.00 and set a “buy” rating for the company in a research note on Thursday, August 8th. Finally, Wells Fargo & Company dropped their price objective on Walt Disney from $136.00 to $116.00 and set an “overweight” rating on the stock in a research note on Thursday, August 8th. 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 stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $118.05.

Walt Disney Stock Performance

NYSE DIS opened at $98.94 on Friday. The company’s 50 day simple moving average is $93.54 and its two-hundred day simple moving average is $97.12. 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 Walt Disney Company has a 1 year low of $83.91 and a 1 year high of $123.74. The stock has a market capitalization of $179.44 billion, a PE ratio of 38.05, a P/E/G ratio of 1.52 and a beta of 1.40.

Walt Disney (NYSE:DIS) last issued its quarterly earnings data on Wednesday, August 7th. The entertainment giant reported $1.39 earnings per share (EPS) 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 company had revenue of $23.20 billion for the quarter, compared to the consensus estimate of $23.08 billion. During the same quarter last year, the business posted $1.03 earnings per share. The firm’s revenue was up 3.9% compared to the same quarter last year. Analysts predict that The Walt Disney Company will post 4.93 earnings per share for the current fiscal year.

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.