Cape ANN Savings Bank Sells 316 Shares of The Walt Disney Company (NYSE:DIS)

Cape ANN Savings Bank lowered its holdings in The Walt Disney Company (NYSE:DIS) by 4.6% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 6,536 shares of the entertainment giant’s stock after selling 316 shares during the quarter. Cape ANN Savings Bank’s holdings in Walt Disney were worth $629,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the business. Sei Investments Co. lifted its position in shares of Walt Disney by 10.3% during the 4th quarter. Sei Investments Co. now owns 476,299 shares of the entertainment giant’s stock worth $43,002,000 after buying an additional 44,621 shares during the period. Cresset Asset Management LLC raised its stake in Walt Disney by 4.1% during the fourth quarter. Cresset Asset Management LLC now owns 131,372 shares of the entertainment giant’s stock worth $11,892,000 after acquiring an additional 5,216 shares in the last quarter. MGO One Seven LLC lifted its holdings in shares of Walt Disney by 26.1% during the fourth quarter. MGO One Seven LLC now owns 47,621 shares of the entertainment giant’s stock valued at $4,300,000 after acquiring an additional 9,865 shares during the period. Icon Wealth Advisors LLC bought a new position in shares of Walt Disney during the fourth quarter valued at $627,000. Finally, Vista Investment Management boosted its stake in shares of Walt Disney by 8.5% in the 4th quarter. Vista Investment Management now owns 13,741 shares of the entertainment giant’s stock valued at $1,241,000 after purchasing an additional 1,072 shares in the last quarter. Institutional investors and hedge funds own 65.71% of the company’s stock.

Walt Disney Price Performance

DIS opened at $92.52 on Wednesday. The company has a fifty day moving average price of $90.78 and a two-hundred day moving average price of $100.38. The firm has a market capitalization of $168.67 billion, a PE ratio of 100.57, a P/E/G ratio of 1.53 and a beta of 1.40. The Walt Disney Company has a 52 week low of $79.23 and a 52 week high of $123.74. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.66 and a current ratio of 0.72.

Walt Disney (NYSE:DIS) last announced its quarterly earnings data on Wednesday, August 7th. The entertainment giant reported $1.39 EPS 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 during the quarter, compared to analysts’ expectations of $23.08 billion. During the same period in the previous year, the firm earned $1.03 earnings per share. The firm’s quarterly revenue was up 3.9% compared to the same quarter last year. As a group, analysts anticipate that The Walt Disney Company will post 4.92 earnings per share for the current year.

Insider Activity

In other news, Director Calvin Mcdonald bought 11,756 shares of the stock in a transaction on Thursday, August 8th. The stock was purchased at an average price of $85.06 per share, with a total value of $999,965.36. Following the completion of the purchase, the director now owns 22,313 shares of the company’s stock, valued at approximately $1,897,943.78. This trade represents a 100.00 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. 0.10% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on DIS shares. Wells Fargo & Company cut their price target on shares of Walt Disney from $136.00 to $116.00 and set an “overweight” rating for the company in a report on Thursday, August 8th. Bank of America dropped their price objective on shares of Walt Disney from $145.00 to $120.00 and set a “buy” rating for the company in a report on Thursday, August 8th. Morgan Stanley reduced their target price on Walt Disney from $130.00 to $110.00 and set an “overweight” rating on the stock in a report on Monday, August 5th. 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. Finally, Needham & Company LLC reissued a “buy” rating and issued a $110.00 price objective on shares of Walt Disney in a research note on Thursday, September 26th. Four investment 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. According to MarketBeat.com, Walt Disney currently has an average rating of “Moderate Buy” and an average price target of $119.20.

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.