Stone Point Wealth LLC Cuts Stock Position in The Walt Disney Company (NYSE:DIS)

Stone Point Wealth LLC lowered its position in The Walt Disney Company (NYSE:DIS) by 6.9% in the third quarter, HoldingsChannel reports. The firm owned 16,246 shares of the entertainment giant’s stock after selling 1,200 shares during the period. Stone Point Wealth LLC’s holdings in Walt Disney were worth $1,563,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. ESL Trust Services LLC acquired a new stake in Walt Disney during the first quarter worth approximately $31,000. William B. Walkup & Associates Inc. purchased a new position in shares of Walt Disney during the second quarter worth approximately $32,000. Mascoma Wealth Management LLC grew its position in shares of Walt Disney by 38.0% during the second quarter. Mascoma Wealth Management LLC now owns 443 shares of the entertainment giant’s stock worth $44,000 after acquiring an additional 122 shares during the last quarter. First PREMIER Bank grew its position in shares of Walt Disney by 98.1% during 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 last quarter. Finally, J.Safra Asset Management Corp grew its position in shares of Walt Disney by 78.2% during the first quarter. J.Safra Asset Management Corp now owns 540 shares of the entertainment giant’s stock worth $66,000 after acquiring an additional 237 shares during the last quarter. Hedge funds and other institutional investors own 65.71% of the company’s stock.

Walt Disney Stock Down 0.2 %

Shares of Walt Disney stock opened at $98.78 on Friday. 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 12 month low of $83.91 and a 12 month high of $123.74. The business has a fifty day simple moving average of $93.54 and a 200 day simple moving average of $97.12. The stock has a market cap of $179.15 billion, a PE ratio of 38.05, a price-to-earnings-growth ratio of 1.52 and a beta of 1.40.

Walt Disney (NYSE:DIS) last announced its quarterly earnings data on Wednesday, August 7th. The entertainment giant reported $1.39 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 business had revenue of $23.20 billion during the quarter, compared to analysts’ expectations of $23.08 billion. During the same period in the previous year, the firm earned $1.03 earnings per share. The firm’s quarterly revenue was up 3.9% compared to the same quarter last year. Research analysts predict that The Walt Disney Company will post 4.93 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on DIS. 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. decreased 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 report on Thursday, August 8th. Macquarie decreased their target price 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. Needham & Company LLC restated a “buy” rating and set a $110.00 target price on shares of Walt Disney in a research report on Wednesday, October 23rd. Finally, Bank of America cut their target price on shares of Walt Disney from $145.00 to $120.00 and set a “buy” rating for the company in a research note on Thursday, August 8th. Five research 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 company’s stock. According to data from MarketBeat, Walt Disney currently has a consensus rating of “Moderate Buy” and a consensus 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.