Gateway Wealth Partners LLC Cuts Holdings in The Walt Disney Company (NYSE:DIS)

Gateway Wealth Partners LLC trimmed its holdings in shares of The Walt Disney Company (NYSE:DIS) by 8.3% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 2,815 shares of the entertainment giant’s stock after selling 254 shares during the period. Gateway Wealth Partners LLC’s holdings in Walt Disney were worth $271,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in DIS. ESL Trust Services LLC purchased a new stake in Walt Disney during the 1st quarter valued at $31,000. William B. Walkup & Associates Inc. bought a new position in Walt Disney in the 2nd quarter worth $32,000. Mascoma Wealth Management LLC raised its holdings in Walt Disney by 38.0% in the 2nd quarter. Mascoma Wealth Management LLC now owns 443 shares of the entertainment giant’s stock worth $44,000 after purchasing an additional 122 shares during the period. First PREMIER Bank raised its holdings in Walt Disney by 98.1% in the 3rd quarter. First PREMIER Bank now owns 517 shares of the entertainment giant’s stock worth $50,000 after purchasing an additional 256 shares during the period. Finally, Iron Horse Wealth Management LLC raised its holdings in Walt Disney by 148.7% in the 2nd 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 period. 65.71% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, Director Calvin Mcdonald bought 11,756 shares of the stock in a transaction on Thursday, August 8th. The stock was acquired at an average cost of $85.06 per share, for a total transaction of $999,965.36. Following the acquisition, the director now owns 22,313 shares of the company’s stock, valued at $1,897,943.78. This represents a 100.00 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.10% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have commented on DIS. Raymond James reissued a “market perform” rating on shares of Walt Disney in a report on Tuesday, October 1st. Evercore ISI cut their price objective on Walt Disney from $128.00 to $105.00 and set an “outperform” rating for the company in a research report on Thursday, August 8th. Wells Fargo & Company cut their price objective on Walt Disney from $136.00 to $116.00 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 report on Thursday, August 8th. Finally, Seaport Res Ptn upgraded Walt Disney from a “hold” rating to a “strong-buy” rating in a research report on Monday, September 30th. Five analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Walt Disney presently has a consensus rating of “Moderate Buy” and a consensus target price of $118.05.

Walt Disney Stock Down 0.1 %

Shares of NYSE:DIS opened at $96.13 on Wednesday. The Walt Disney Company has a 1 year low of $79.53 and a 1 year high of $123.74. The business has a 50 day simple moving average of $92.84 and a two-hundred day simple moving average of $97.71. The firm has a market capitalization of $175.25 billion, a PE ratio of 104.49, a price-to-earnings-growth ratio of 1.49 and a beta of 1.40. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.72 and a quick ratio of 0.66.

Walt Disney (NYSE:DIS) last announced its earnings results on Wednesday, August 7th. The entertainment giant reported $1.39 earnings per share (EPS) for the quarter, beating the consensus estimate 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 analyst estimates of $23.08 billion. During the same quarter in the previous year, the business earned $1.03 earnings per share. The company’s revenue for the quarter was up 3.9% compared to the same quarter last year. On average, equities analysts predict that The Walt Disney Company will post 4.92 EPS for the current year.

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.