The Walt Disney Company (NYSE:DIS) Shares Sold by Loring Wolcott & Coolidge Fiduciary Advisors LLP MA

Loring Wolcott & Coolidge Fiduciary Advisors LLP MA lowered its position in shares of The Walt Disney Company (NYSE:DIS) by 24.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 47,193 shares of the entertainment giant’s stock after selling 15,257 shares during the period. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA’s holdings in Walt Disney were worth $4,502,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of DIS. ESL Trust Services LLC acquired a new stake in shares of Walt Disney during the 1st quarter worth about $31,000. William B. Walkup & Associates Inc. acquired a new position in shares of Walt Disney in the 2nd quarter valued at $32,000. Mascoma Wealth Management LLC raised its stake in Walt Disney by 38.0% during the 2nd quarter. Mascoma Wealth Management LLC now owns 443 shares of the entertainment giant’s stock worth $44,000 after acquiring an additional 122 shares in the last quarter. First PREMIER Bank lifted its position 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 last quarter. Finally, J.Safra Asset Management Corp grew its holdings 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 purchasing an additional 237 shares during the last quarter. Hedge funds and other institutional investors own 65.71% of the company’s stock.

Insider Buying and Selling at Walt Disney

In related news, Director Calvin Mcdonald bought 11,756 shares of the business’s stock in a transaction dated Thursday, August 8th. The shares were acquired at an average price of $85.06 per share, for a total transaction of $999,965.36. Following the purchase, the director now owns 22,313 shares in the company, valued at $1,897,943.78. This trade represents a 100.00 % increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 0.10% of the stock is currently owned by insiders.

Walt Disney Stock Down 0.2 %

DIS stock traded down $0.18 during trading on Wednesday, reaching $95.95. The stock had a trading volume of 574,101 shares, compared to its average volume of 10,783,357. The company has a current ratio of 0.72, a quick ratio of 0.66 and a debt-to-equity ratio of 0.38. The firm has a fifty day moving average price of $92.84 and a 200 day moving average price of $97.71. The company has a market capitalization of $174.92 billion, a P/E ratio of 104.49, a PEG ratio of 1.49 and a beta of 1.40. The Walt Disney Company has a 1-year low of $80.18 and a 1-year high of $123.74.

Walt Disney (NYSE:DIS) last issued its quarterly earnings data on Wednesday, August 7th. The entertainment giant reported $1.39 earnings per share 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 firm had revenue of $23.20 billion during the quarter, compared to analyst estimates of $23.08 billion. During the same quarter last year, the firm earned $1.03 EPS. Walt Disney’s quarterly revenue was up 3.9% on a year-over-year basis. On average, equities analysts anticipate that The Walt Disney Company will post 4.92 earnings per share for the current year.

Analyst Ratings Changes

A number of research analysts have commented on DIS shares. Morgan Stanley dropped 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 note on Monday, August 5th. UBS Group reduced their price objective on Walt Disney from $130.00 to $120.00 and set a “buy” rating for the company in a report on Thursday, August 8th. Bank of America cut their price target 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. Wells Fargo & Company lowered their price objective on shares of Walt Disney from $136.00 to $116.00 and set an “overweight” rating on the stock in a research note on Thursday, August 8th. Finally, Moffett Nathanson cut their target price on shares of Walt Disney from $130.00 to $125.00 and set a “buy” rating for the company in a research report on Tuesday, July 2nd. Five research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average 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.