Kesler Norman & Wride LLC Decreases Position in The Walt Disney Company (NYSE:DIS)

Kesler Norman & Wride LLC trimmed its position in shares of The Walt Disney Company (NYSE:DIS) by 11.3% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 2,210 shares of the entertainment giant’s stock after selling 281 shares during the quarter. Kesler Norman & Wride LLC’s holdings in Walt Disney were worth $213,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the company. Sei Investments Co. lifted its position in shares of Walt Disney by 10.3% in the fourth quarter. Sei Investments Co. now owns 476,299 shares of the entertainment giant’s stock valued at $43,002,000 after acquiring an additional 44,621 shares in the last quarter. Cresset Asset Management LLC lifted its position in shares of Walt Disney by 4.1% in the fourth quarter. Cresset Asset Management LLC now owns 131,372 shares of the entertainment giant’s stock valued at $11,892,000 after acquiring an additional 5,216 shares in the last quarter. MGO One Seven LLC lifted its position in shares of Walt Disney by 26.1% in 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 in the last quarter. Icon Wealth Advisors LLC purchased a new stake in shares of Walt Disney in the fourth quarter valued at $627,000. Finally, Vista Investment Management lifted its position in shares of Walt Disney by 8.5% in the fourth quarter. Vista Investment Management now owns 13,741 shares of the entertainment giant’s stock valued at $1,241,000 after acquiring an additional 1,072 shares in the last quarter. 65.71% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms recently commented on DIS. Barclays dropped their target price on Walt Disney from $130.00 to $105.00 and set an “overweight” rating for the company in a research note on Thursday, August 8th. Morgan Stanley dropped their target price on Walt Disney from $130.00 to $110.00 and set an “overweight” rating for the company in a research note on Monday, August 5th. Seaport Res Ptn upgraded Walt Disney from a “hold” rating to a “strong-buy” rating in a research note on Monday, September 30th. Needham & Company LLC reiterated a “buy” rating and issued a $110.00 target price on shares of Walt Disney in a research note on Thursday, September 26th. Finally, Deutsche Bank Aktiengesellschaft dropped their target price on Walt Disney from $130.00 to $115.00 and set a “buy” rating for the company in a research note on Thursday, August 8th. Four equities research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Walt Disney presently has a consensus rating of “Moderate Buy” and a consensus price target of $119.20.

Walt Disney Stock Performance

Shares of NYSE:DIS opened at $92.52 on Wednesday. The company has a market cap of $168.67 billion, a P/E ratio of 100.57, a PEG ratio of 1.53 and a beta of 1.40. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.66 and a current ratio of 0.72. The Walt Disney Company has a one year low of $79.23 and a one year high of $123.74. The business’s 50-day simple moving average is $90.78 and its 200 day simple moving average is $100.38.

Walt Disney (NYSE:DIS) last issued its quarterly earnings data on Wednesday, August 7th. The entertainment giant reported $1.39 earnings per share for the quarter, beating 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 firm had revenue of $23.20 billion during the quarter, compared to analyst estimates of $23.08 billion. During the same quarter last year, the firm earned $1.03 EPS. Walt Disney’s quarterly revenue was up 3.9% on a year-over-year basis. On average, sell-side analysts forecast that The Walt Disney Company will post 4.92 earnings per share for the current fiscal year.

Insider Buying and Selling at Walt Disney

In other news, Director Calvin Mcdonald bought 11,756 shares of the firm’s stock in a transaction dated Thursday, August 8th. The stock was bought at an average price of $85.06 per share, for a total transaction of $999,965.36. Following the transaction, the director now 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 purchase was disclosed in a filing with the SEC, which is accessible through this link. 0.10% of the stock is owned by insiders.

About Walt Disney

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.