The Walt Disney Company (NYSE:DIS) Shares Sold by Quotient Wealth Partners LLC

Quotient Wealth Partners LLC lowered its position in The Walt Disney Company (NYSE:DIS) by 18.9% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 11,736 shares of the entertainment giant’s stock after selling 2,743 shares during the period. Quotient Wealth Partners LLC’s holdings in Walt Disney were worth $1,129,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Jennison Associates LLC purchased a new stake in Walt Disney in the 1st quarter worth approximately $1,490,492,000. Capital World Investors grew its holdings in shares of Walt Disney by 3,332.4% during the first quarter. Capital World Investors now owns 6,267,593 shares of the entertainment giant’s stock valued at $766,903,000 after purchasing an additional 6,084,993 shares during the last quarter. ValueAct Holdings L.P. bought a new stake in shares of Walt Disney during the fourth quarter valued at approximately $459,245,000. Swedbank AB acquired a new stake in Walt Disney in the first quarter worth about $493,715,000. Finally, Farallon Capital Management LLC acquired a new position in shares of Walt Disney during the second quarter valued at approximately $355,673,000. Institutional investors and hedge funds own 65.71% of the company’s stock.

Analyst Ratings Changes

Several research firms have issued reports on DIS. Needham & Company LLC restated a “buy” rating and set a $110.00 price objective on shares of Walt Disney in a report on Thursday, September 26th. Deutsche Bank Aktiengesellschaft lowered their target price on Walt Disney from $130.00 to $115.00 and set a “buy” rating on the stock in a report on Thursday, August 8th. Morgan Stanley cut their price target on Walt Disney from $130.00 to $110.00 and set an “overweight” rating for the company in a report on Monday, August 5th. Barclays decreased their price objective on Walt Disney from $130.00 to $105.00 and set an “overweight” rating on the stock in a report on Thursday, August 8th. Finally, Raymond James reissued a “market perform” rating on shares of Walt Disney in a report on Tuesday, October 1st. Four investment analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $119.20.

Insider Transactions at Walt Disney

In related news, Director Calvin Mcdonald purchased 11,756 shares of Walt Disney stock in a transaction dated Thursday, August 8th. The stock was bought 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 in the company, valued at approximately $1,897,943.78. The trade was a 100.00 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.10% of the company’s stock.

Walt Disney Stock Down 0.5 %

DIS traded down $0.47 during trading hours on Thursday, hitting $93.13. 2,481,829 shares of the company’s stock were exchanged, compared to its average volume of 11,046,855. The firm has a 50 day moving average of $90.76 and a 200 day moving average of $100.16. The company has a current ratio of 0.72, a quick ratio of 0.66 and a debt-to-equity ratio of 0.38. The Walt Disney Company has a 12-month low of $79.23 and a 12-month high of $123.74. The firm has a market cap of $169.78 billion, a P/E ratio of 101.74, a price-to-earnings-growth ratio of 1.53 and a beta of 1.40.

Walt Disney (NYSE:DIS) last issued its earnings results on Wednesday, August 7th. The entertainment giant reported $1.39 earnings per share for the quarter, topping the consensus estimate of $1.20 by $0.19. The company had revenue of $23.20 billion for 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 firm’s revenue for the quarter was up 3.9% compared to the same quarter last year. During the same period in the prior year, the business posted $1.03 earnings per share. Analysts predict that The Walt Disney Company will post 4.92 EPS 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.