AustralianSuper Pty Ltd Trims Stake in The Walt Disney Company (NYSE:DIS)

AustralianSuper Pty Ltd cut its stake in The Walt Disney Company (NYSE:DIS) by 43.2% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 16,831 shares of the entertainment giant’s stock after selling 12,815 shares during the period. AustralianSuper Pty Ltd’s holdings in Walt Disney were worth $1,619,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of DIS. Norden Group LLC grew its stake in Walt Disney by 4.8% in the first quarter. Norden Group LLC now owns 9,537 shares of the entertainment giant’s stock worth $1,167,000 after purchasing an additional 439 shares during the period. Wambolt & Associates LLC bought a new position in shares of Walt Disney in the 1st quarter worth about $210,000. Mirae Asset Global Investments Co. Ltd. lifted its position in Walt Disney by 4.2% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 556,658 shares of the entertainment giant’s stock valued at $68,113,000 after acquiring an additional 22,568 shares during the period. Blue Trust Inc. boosted its stake in Walt Disney by 12.2% during the first quarter. Blue Trust Inc. now owns 11,960 shares of the entertainment giant’s stock worth $1,463,000 after acquiring an additional 1,304 shares in the last quarter. Finally, Janney Montgomery Scott LLC grew its holdings in Walt Disney by 1.0% in the first quarter. Janney Montgomery Scott LLC now owns 705,516 shares of the entertainment giant’s stock worth $86,327,000 after purchasing an additional 6,973 shares during the period. 65.71% of the stock is owned by institutional investors.

Insider Buying and Selling at Walt Disney

In other Walt Disney news, Director Calvin Mcdonald purchased 11,756 shares of the firm’s stock in a transaction that occurred on Thursday, August 8th. The stock was purchased at an average cost of $85.06 per share, with a total value of $999,965.36. Following the purchase, the director now owns 22,313 shares of the company’s stock, valued at approximately $1,897,943.78. The trade was a 100.00 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.10% of the company’s stock.

Wall Street Analysts Forecast Growth

DIS has been the topic of a number of analyst reports. Raymond James reissued a “market perform” rating on shares of Walt Disney in a research report on Tuesday, October 1st. Loop Capital dropped their target price on Walt Disney from $139.00 to $130.00 and set a “buy” rating on the stock in a report on Tuesday, July 30th. UBS Group reduced their price target on Walt Disney from $130.00 to $120.00 and set a “buy” rating for the company in a report on Thursday, August 8th. Barclays dropped their price target on shares of Walt Disney from $130.00 to $105.00 and set an “overweight” rating on the stock in a research note on Thursday, August 8th. Finally, Wells Fargo & Company reduced their price objective on shares of Walt Disney from $136.00 to $116.00 and set an “overweight” rating for the company in a research note on Thursday, August 8th. Five research analysts have rated the stock with a hold rating, seventeen 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 a consensus price target of $118.05.

Walt Disney Stock Up 1.2 %

Shares of DIS opened at $96.20 on Friday. The company has a quick ratio of 0.66, a current ratio of 0.72 and a debt-to-equity ratio of 0.38. The business has a fifty day moving average of $93.06 and a 200 day moving average of $97.68. The company has a market cap of $174.47 billion, a PE ratio of 37.00, a P/E/G ratio of 1.51 and a beta of 1.40. The Walt Disney Company has a 52-week low of $80.18 and a 52-week high of $123.74.

Walt Disney (NYSE:DIS) last released its earnings results on Wednesday, August 7th. The entertainment giant reported $1.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.20 by $0.19. The firm had revenue of $23.20 billion during the quarter, compared to analyst estimates of $23.08 billion. Walt Disney had a net margin of 5.30% and a return on equity of 8.64%. The business’s revenue was up 3.9% on a year-over-year basis. During the same quarter last year, the business earned $1.03 EPS. On average, sell-side analysts expect that The Walt Disney Company will post 4.93 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.