The Walt Disney Company (NYSE:DIS) Shares Sold by Sterneck Capital Management LLC

Sterneck Capital Management LLC lessened its stake in The Walt Disney Company (NYSE:DIS) by 1.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 29,145 shares of the entertainment giant’s stock after selling 320 shares during the quarter. Walt Disney comprises about 1.5% of Sterneck Capital Management LLC’s holdings, making the stock its 21st largest holding. Sterneck Capital Management LLC’s holdings in Walt Disney were worth $2,803,000 as of its most recent filing with the SEC.

Other institutional investors have also recently added to or reduced their stakes in the company. Exencial Wealth Advisors LLC grew its position in Walt Disney by 6.9% in the fourth quarter. Exencial Wealth Advisors LLC now owns 11,513 shares of the entertainment giant’s stock worth $1,040,000 after acquiring an additional 745 shares during the period. Stephens Inc. AR lifted its stake in shares of Walt Disney by 2.1% in the 4th quarter. Stephens Inc. AR now owns 108,268 shares of the entertainment giant’s stock valued at $9,775,000 after purchasing an additional 2,256 shares during the last quarter. Envestnet Asset Management Inc. lifted its stake in shares of Walt Disney by 2.7% in the 4th quarter. Envestnet Asset Management Inc. now owns 2,443,504 shares of the entertainment giant’s stock valued at $220,624,000 after purchasing an additional 63,535 shares during the last quarter. Vinva Investment Management Ltd grew its holdings in shares of Walt Disney by 58.2% during the 4th quarter. Vinva Investment Management Ltd now owns 38,395 shares of the entertainment giant’s stock worth $3,471,000 after purchasing an additional 14,123 shares during the period. Finally, Epoch Investment Partners Inc. raised its holdings in Walt Disney by 1.6% in the 4th quarter. Epoch Investment Partners Inc. now owns 34,430 shares of the entertainment giant’s stock valued at $3,109,000 after buying an additional 547 shares during the period. Hedge funds and other institutional investors own 65.71% of the company’s stock.

Insiders Place Their Bets

In other news, Director Calvin Mcdonald bought 11,756 shares of Walt Disney stock in a transaction dated Thursday, August 8th. The stock was acquired at an average cost of $85.06 per share, with a total value of $999,965.36. Following the acquisition, the director now owns 22,313 shares of the company’s stock, valued at $1,897,943.78. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 0.10% of the company’s stock.

Walt Disney Price Performance

DIS stock opened at $93.63 on Friday. The business has a 50 day moving average price of $90.68 and a 200 day moving average price of $100.88. The company has a quick ratio of 0.66, a current ratio of 0.72 and a debt-to-equity ratio of 0.38. The stock has a market cap of $170.69 billion, a price-to-earnings ratio of 101.77, a PEG ratio of 1.53 and a beta of 1.40. The Walt Disney Company has a fifty-two week low of $78.73 and a fifty-two week high of $123.74.

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, topping 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 business had revenue of $23.20 billion during the quarter, compared to the consensus estimate of $23.08 billion. During the same quarter in the previous year, the firm earned $1.03 EPS. The company’s revenue was up 3.9% compared to the same quarter last year. Equities research analysts anticipate that The Walt Disney Company will post 4.92 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on DIS. Loop Capital decreased their price objective on shares of Walt Disney from $139.00 to $130.00 and set a “buy” rating on the stock in a report on Tuesday, July 30th. Bank of America lowered their price target on Walt Disney from $145.00 to $120.00 and set a “buy” rating for the company in a research report on Thursday, August 8th. Needham & Company LLC reiterated a “buy” rating and issued a $110.00 price objective on shares of Walt Disney in a report on Thursday, September 26th. Barclays decreased their target price on Walt Disney from $130.00 to $105.00 and set an “overweight” rating on the stock in a research note on Thursday, August 8th. Finally, Wells Fargo & Company dropped their target price on Walt Disney from $136.00 to $116.00 and set an “overweight” rating for the company in a research report on Thursday, August 8th. Four research analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $118.43.

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.