Evanson Asset Management LLC Reduces Holdings in The Walt Disney Company (NYSE:DIS)

Evanson Asset Management LLC lowered its position in The Walt Disney Company (NYSE:DIS) by 11.5% in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 3,818 shares of the entertainment giant’s stock after selling 498 shares during the quarter. Evanson Asset Management LLC’s holdings in Walt Disney were worth $367,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Jennison Associates LLC purchased a new position in shares of Walt Disney in the first quarter valued at $1,490,492,000. Capital World Investors grew its holdings in Walt Disney by 3,332.4% during the 1st quarter. Capital World Investors now owns 6,267,593 shares of the entertainment giant’s stock valued at $766,903,000 after buying an additional 6,084,993 shares in the last quarter. ValueAct Holdings L.P. purchased a new position in Walt Disney during the 4th quarter valued at about $459,245,000. Swedbank AB bought a new stake in shares of Walt Disney during the first quarter valued at about $493,715,000. Finally, Farallon Capital Management LLC purchased a new stake in shares of Walt Disney in the second quarter worth about $355,673,000. 65.71% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on DIS shares. Barclays reduced 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. Macquarie decreased their target price on Walt Disney from $94.00 to $91.00 and set a “neutral” rating on the stock in a research note on Thursday, September 19th. Loop Capital dropped their price target on Walt Disney from $139.00 to $130.00 and set a “buy” rating for the company in a research report on Tuesday, July 30th. The Goldman Sachs Group started coverage on shares of Walt Disney in a research report on Tuesday, June 25th. They issued a “buy” rating and a $125.00 price objective on the stock. Finally, JPMorgan Chase & Co. lowered their target price on shares of Walt Disney from $135.00 to $125.00 and set an “overweight” rating on the stock in a research note on Thursday, August 8th. Four analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $119.20.

Insider Transactions at Walt Disney

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

Walt Disney Stock Down 2.9 %

Shares of NYSE:DIS opened at $92.38 on Tuesday. The Walt Disney Company has a 1-year low of $79.23 and a 1-year high of $123.74. The stock has a market cap of $168.41 billion, a P/E ratio of 100.41, a P/E/G ratio of 1.53 and a beta of 1.40. The firm has a fifty day moving average price of $90.78 and a 200 day moving average price of $100.55. 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 released its quarterly earnings results on Wednesday, August 7th. The entertainment giant reported $1.39 earnings per share for the quarter, topping 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 business had revenue of $23.20 billion for the quarter, compared to analysts’ expectations of $23.08 billion. During the same quarter in the prior year, the firm posted $1.03 EPS. The company’s revenue was up 3.9% compared to the same quarter last year. Sell-side 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.