NFJ Investment Group LLC Sells 104 Shares of The Walt Disney Company (NYSE:DIS)

NFJ Investment Group LLC cut its holdings in shares of The Walt Disney Company (NYSE:DIS) by 0.1% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 207,119 shares of the entertainment giant’s stock after selling 104 shares during the period. NFJ Investment Group LLC’s holdings in Walt Disney were worth $19,923,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Kingswood Wealth Advisors LLC increased its holdings in shares of Walt Disney by 13.6% in the second quarter. Kingswood Wealth Advisors LLC now owns 17,338 shares of the entertainment giant’s stock valued at $1,722,000 after purchasing an additional 2,077 shares in the last quarter. Apella Capital LLC boosted its holdings in Walt Disney by 28.8% in the second quarter. Apella Capital LLC now owns 7,076 shares of the entertainment giant’s stock valued at $687,000 after acquiring an additional 1,583 shares during the last quarter. Cullinan Associates Inc. increased its position in Walt Disney by 201.7% in the second quarter. Cullinan Associates Inc. now owns 92,474 shares of the entertainment giant’s stock worth $9,182,000 after purchasing an additional 61,823 shares during the period. Albion Financial Group UT raised its holdings in Walt Disney by 2.9% during the 2nd quarter. Albion Financial Group UT now owns 93,212 shares of the entertainment giant’s stock worth $9,255,000 after purchasing an additional 2,659 shares during the last quarter. Finally, Helen Stephens Group LLC acquired a new position in Walt Disney during the 2nd quarter valued at about $205,000. 65.71% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on DIS shares. Barclays lowered their price target on shares of Walt Disney from $130.00 to $105.00 and set an “overweight” rating for the company in a research report on Thursday, August 8th. Raymond James reaffirmed a “market perform” rating on shares of Walt Disney in a report on Tuesday, October 1st. Seaport Res Ptn raised Walt Disney from a “hold” rating to a “strong-buy” rating in a research note on Monday, September 30th. Deutsche Bank Aktiengesellschaft upped their price objective on Walt Disney from $115.00 to $131.00 and gave the company a “buy” rating in a report on Friday, November 15th. Finally, Evercore ISI increased their target price on Walt Disney from $128.00 to $134.00 and gave the company an “outperform” rating in a research note on Monday, November 18th. Five research analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Walt Disney has a consensus rating of “Moderate Buy” and an average target price of $123.83.

Insider Transactions at Walt Disney

In related news, CEO Robert A. Iger sold 372,412 shares of the company’s stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $114.57, for a total value of $42,667,242.84. Following the transaction, the chief executive officer now owns 226,767 shares in the company, valued at approximately $25,980,695.19. This represents a 62.15 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Brent Woodford sold 5,000 shares of the business’s stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of $113.62, for a total value of $568,100.00. Following the completion of the sale, the executive vice president now owns 44,055 shares of the company’s stock, valued at $5,005,529.10. This trade represents a 10.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.10% of the company’s stock.

Walt Disney Stock Down 1.4 %

DIS stock traded down $1.62 during midday trading on Tuesday, hitting $115.54. The company’s stock had a trading volume of 2,399,222 shares, compared to its average volume of 10,902,058. The company’s fifty day moving average price is $100.46 and its 200 day moving average price is $97.17. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.73 and a quick ratio of 0.67. The Walt Disney Company has a twelve month low of $83.91 and a twelve month high of $123.74. The stock has a market capitalization of $209.24 billion, a P/E ratio of 43.23, a PEG ratio of 2.18 and a beta of 1.42.

Walt Disney (NYSE:DIS) last released its earnings results on Thursday, November 14th. The entertainment giant reported $1.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.09 by $0.05. Walt Disney had a return on equity of 9.21% and a net margin of 5.44%. The business had revenue of $22.57 billion for the quarter, compared to the consensus estimate of $22.49 billion. Walt Disney’s quarterly revenue was up 6.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.82 earnings per share. As a group, equities research analysts predict that The Walt Disney Company will post 5.38 EPS for the current year.

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.