Gateway Investment Advisers LLC Sells 10,165 Shares of The Walt Disney Company (NYSE:DIS)

Gateway Investment Advisers LLC trimmed its holdings in shares of The Walt Disney Company (NYSE:DIS) by 2.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 461,984 shares of the entertainment giant’s stock after selling 10,165 shares during the quarter. Gateway Investment Advisers LLC’s holdings in Walt Disney were worth $44,438,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the stock. Jennison Associates LLC bought a new position in Walt Disney in the first quarter worth approximately $1,490,492,000. Capital World Investors boosted its stake in shares of Walt Disney by 3,332.4% during the first quarter. Capital World Investors now owns 6,267,593 shares of the entertainment giant’s stock valued at $766,903,000 after purchasing an additional 6,084,993 shares in the last quarter. Swedbank AB bought a new position in Walt Disney in the first quarter worth approximately $493,715,000. Farallon Capital Management LLC bought a new position in Walt Disney in the second quarter worth about $355,673,000. Finally, Ontario Teachers Pension Plan Board purchased a new position in shares of Walt Disney in the 1st quarter worth approximately $425,567,000. 65.71% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on DIS. JPMorgan Chase & Co. lowered their price objective on Walt Disney from $135.00 to $125.00 and set an “overweight” rating for the company in a research report on Thursday, August 8th. Macquarie cut their price target on shares of Walt Disney from $94.00 to $91.00 and set a “neutral” rating on the stock in a research note on Thursday, September 19th. Evercore ISI dropped their price objective on shares of Walt Disney from $128.00 to $105.00 and set an “outperform” rating on the stock in a report on Thursday, August 8th. Moffett Nathanson reduced their target price on Walt Disney from $130.00 to $125.00 and set a “buy” rating for the company in a research note on Tuesday, July 2nd. Finally, Bank of America reduced 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. Four investment analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $119.20.

Insider Buying and Selling

In other news, Director Calvin Mcdonald bought 11,756 shares of Walt Disney stock in a transaction that occurred on Thursday, August 8th. The shares were purchased at an average price of $85.06 per share, with a total value of $999,965.36. Following the completion of the acquisition, the director now directly owns 22,313 shares in the company, valued at $1,897,943.78. The trade was a 100.00 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.10% of the stock is owned by corporate insiders.

Walt Disney Trading Up 1.2 %

Walt Disney stock traded up $1.14 during midday trading on Friday, hitting $94.13. 8,089,133 shares of the stock were exchanged, compared to its average volume of 11,051,948. 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 stock has a market capitalization of $170.71 billion, a price-to-earnings ratio of 36.21, a PEG ratio of 1.49 and a beta of 1.40. The stock’s 50-day simple moving average is $90.85 and its 200 day simple moving average is $99.94. The Walt Disney Company has a fifty-two week low of $79.23 and a fifty-two week 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 (EPS) for the quarter, topping analysts’ consensus estimates of $1.20 by $0.19. The firm had revenue of $23.20 billion during the quarter, compared to the consensus estimate of $23.08 billion. Walt Disney had a return on equity of 8.64% and a net margin of 5.30%. The company’s quarterly revenue was up 3.9% on a year-over-year basis. During the same period last year, the company earned $1.03 EPS. On average, equities analysts anticipate that The Walt Disney Company will post 4.92 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.