Rockland Trust Co. Sells 3,503 Shares of The Walt Disney Company (NYSE:DIS)

Rockland Trust Co. lowered its stake in shares of The Walt Disney Company (NYSE:DIS) by 25.0% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 10,528 shares of the entertainment giant’s stock after selling 3,503 shares during the quarter. Rockland Trust Co.’s holdings in Walt Disney were worth $1,013,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in DIS. Jennison Associates LLC bought a new position in shares of Walt Disney in the first quarter worth approximately $1,490,492,000. Capital World Investors boosted its position in Walt Disney by 3,332.4% during the 1st quarter. Capital World Investors now owns 6,267,593 shares of the entertainment giant’s stock valued at $766,903,000 after buying an additional 6,084,993 shares during the period. ValueAct Holdings L.P. bought a new stake in Walt Disney in the 4th quarter worth $459,245,000. Swedbank AB purchased a new position in shares of Walt Disney in the first quarter valued at about $493,715,000. Finally, Farallon Capital Management LLC bought a new position in shares of Walt Disney during the second quarter valued at about $355,673,000. 65.71% of the stock is owned by institutional investors.

Walt Disney Stock Performance

Shares of DIS traded up $1.52 during mid-day trading on Friday, reaching $95.15. 6,317,333 shares of the company’s stock were exchanged, compared to its average volume of 11,108,246. The Walt Disney Company has a 52-week low of $78.88 and a 52-week high of $123.74. 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 capitalization of $173.46 billion, a PE ratio of 103.42, a price-to-earnings-growth ratio of 1.53 and a beta of 1.40. The business’s fifty day simple moving average is $90.78 and its 200-day simple moving average is $100.75.

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

Insider Activity at Walt Disney

In related news, Director Calvin Mcdonald purchased 11,756 shares of the business’s 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 completion of the acquisition, the director now directly owns 22,313 shares in the company, valued at $1,897,943.78. The trade was a 100.00 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.10% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. Needham & Company LLC restated a “buy” rating and set a $110.00 target price on shares of Walt Disney in a report on Thursday, September 26th. Seaport Res Ptn upgraded Walt Disney from a “hold” rating to a “strong-buy” rating in a research note on Monday, September 30th. Loop Capital dropped their target price on shares of Walt Disney from $139.00 to $130.00 and set a “buy” rating on the stock in a research note on Tuesday, July 30th. Evercore ISI dropped their price objective on Walt Disney from $128.00 to $105.00 and set an “outperform” rating on the stock in a research report on Thursday, August 8th. Finally, Bank of America decreased their target price on shares of Walt Disney from $145.00 to $120.00 and set a “buy” rating for the company in a research note on Thursday, August 8th. Four investment analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Walt Disney currently has a consensus rating of “Moderate Buy” and an average target price of $118.43.

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.