Jmac Enterprises LLC Decreases Stock Holdings in The Walt Disney Company (NYSE:DIS)

Jmac Enterprises LLC lessened its stake in shares of The Walt Disney Company (NYSE:DIS) by 1.6% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 13,202 shares of the entertainment giant’s stock after selling 217 shares during the quarter. Jmac Enterprises LLC’s holdings in Walt Disney were worth $1,270,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. ESL Trust Services LLC bought a new stake in Walt Disney in the 1st quarter worth approximately $31,000. William B. Walkup & Associates Inc. bought a new stake in shares of Walt Disney in the second quarter worth $32,000. Mascoma Wealth Management LLC increased its position in Walt Disney by 38.0% during the second 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 last quarter. First PREMIER Bank lifted its holdings in Walt Disney by 98.1% in the third quarter. First PREMIER Bank now owns 517 shares of the entertainment giant’s stock valued at $50,000 after acquiring an additional 256 shares during the period. Finally, Iron Horse Wealth Management LLC boosted its position in Walt Disney by 148.7% in the second quarter. Iron Horse Wealth Management LLC now owns 557 shares of the entertainment giant’s stock worth $55,000 after purchasing an additional 333 shares during the last quarter. 65.71% of the stock is currently owned by institutional investors.

Walt Disney Price Performance

Walt Disney stock opened at $98.74 on Thursday. The Walt Disney Company has a 12-month low of $83.91 and a 12-month high of $123.74. The firm has a 50-day moving average price of $93.54 and a 200-day moving average price of $97.12. The firm has a market capitalization of $179.07 billion, a PE ratio of 38.03, a price-to-earnings-growth ratio of 1.52 and a beta of 1.40. The company has a current ratio of 0.72, a quick ratio of 0.66 and a debt-to-equity ratio of 0.38.

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

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on DIS. Loop Capital lowered their price objective 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. Macquarie reduced their price objective on Walt Disney from $94.00 to $91.00 and set a “neutral” rating for the company in a research note on Thursday, September 19th. Barclays reduced their price target on Walt Disney from $130.00 to $105.00 and set an “overweight” rating for the company in a research report on Thursday, August 8th. Bank of America cut their price objective on Walt Disney from $145.00 to $120.00 and set a “buy” rating for the company in a research note on Thursday, August 8th. Finally, Morgan Stanley dropped their price target on shares of Walt Disney from $130.00 to $110.00 and set an “overweight” rating for the company in a research report on Monday, August 5th. Five investment analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $118.05.

Walt Disney Company 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.