Sendero Wealth Management LLC Has $419,000 Stake in The Walt Disney Company (NYSE:DIS)

Sendero Wealth Management LLC trimmed its position in The Walt Disney Company (NYSE:DIS) by 5.9% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,360 shares of the entertainment giant’s stock after selling 272 shares during the quarter. Sendero Wealth Management LLC’s holdings in Walt Disney were worth $419,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Cresset Asset Management LLC increased its position 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 during the period. Icon Wealth Advisors LLC acquired a new position in Walt Disney in the 4th quarter valued at approximately $627,000. Putnam Investments LLC raised its holdings in Walt Disney by 1.8% in the 4th quarter. Putnam Investments LLC now owns 1,310,892 shares of the entertainment giant’s stock valued at $118,360,000 after acquiring an additional 23,573 shares in the last quarter. First Financial Bankshares Inc acquired a new stake in shares of Walt Disney during the 4th quarter worth approximately $465,000. Finally, Vivaldi Capital Management LP grew its holdings in shares of Walt Disney by 25.4% during the 4th quarter. Vivaldi Capital Management LP now owns 4,310 shares of the entertainment giant’s stock worth $389,000 after purchasing an additional 872 shares in the last quarter. Institutional investors and hedge funds own 65.71% of the company’s stock.

Analysts Set New Price Targets

DIS has been the topic of a number of recent research reports. Deutsche Bank Aktiengesellschaft decreased their price target on shares of Walt Disney from $130.00 to $115.00 and set a “buy” rating on the stock in a research note on Thursday, August 8th. Raymond James reissued a “market perform” rating on shares of Walt Disney in a report on Tuesday, October 1st. Evercore ISI reduced their target price on shares of Walt Disney from $128.00 to $105.00 and set an “outperform” rating on the stock in a research note on Thursday, August 8th. The Goldman Sachs Group started coverage on shares of Walt Disney in a research report on Tuesday, June 25th. They set a “buy” rating and a $125.00 target price for the company. Finally, Moffett Nathanson decreased their price objective on shares of Walt Disney from $130.00 to $125.00 and set a “buy” rating on the stock in a research note on Tuesday, July 2nd. Four investment analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Walt Disney currently has a consensus rating of “Moderate Buy” and an average price target of $119.20.

Insider Buying and Selling at Walt Disney

In related 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 cost of $85.06 per share, for a total transaction of $999,965.36. Following the transaction, 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.10% of the company’s stock.

Walt Disney Trading Down 0.6 %

Shares of NYSE DIS traded down $0.54 during mid-day trading on Thursday, hitting $93.06. The company’s stock had a trading volume of 2,916,459 shares, compared to its average volume of 11,049,073. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.72 and a quick ratio of 0.66. The stock has a market cap of $169.65 billion, a price-to-earnings ratio of 101.74, a price-to-earnings-growth ratio of 1.53 and a beta of 1.40. The company’s fifty day simple moving average is $90.76 and its 200-day simple moving average is $100.16. The Walt Disney Company has a one year low of $79.23 and a one year high of $123.74.

Walt Disney (NYSE:DIS) last issued its earnings results on Wednesday, August 7th. The entertainment giant reported $1.39 EPS for the quarter, beating the consensus estimate of $1.20 by $0.19. Walt Disney had a net margin of 5.30% and a return on equity of 8.64%. The company had revenue of $23.20 billion during the quarter, compared to analysts’ expectations of $23.08 billion. During the same quarter in the previous year, the company posted $1.03 EPS. The business’s revenue for the quarter was up 3.9% compared to the same quarter last year. On average, sell-side analysts anticipate that The Walt Disney Company will post 4.92 earnings per share for the current fiscal year.

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.