Goelzer Investment Management Inc. Has $3 Million Stock Holdings in The Walt Disney Company (NYSE:DIS)

Goelzer Investment Management Inc. decreased its position in shares of The Walt Disney Company (NYSE:DIS) by 6.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 31,158 shares of the entertainment giant’s stock after selling 2,234 shares during the period. Goelzer Investment Management Inc.’s holdings in Walt Disney were worth $2,997,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of DIS. Capital CS Group LLC increased its stake in Walt Disney by 20.0% during the 3rd quarter. Capital CS Group LLC now owns 3,063 shares of the entertainment giant’s stock worth $295,000 after acquiring an additional 510 shares during the period. Thrive Wealth Management LLC raised its stake in Walt Disney by 7.2% in the third quarter. Thrive Wealth Management LLC now owns 4,115 shares of the entertainment giant’s stock valued at $396,000 after purchasing an additional 276 shares in the last quarter. CJM Wealth Advisers Ltd. bought a new stake in Walt Disney during the third quarter worth about $216,000. Farmers Trust Co. grew its stake in Walt Disney by 1.4% during the third quarter. Farmers Trust Co. now owns 8,391 shares of the entertainment giant’s stock worth $807,000 after buying an additional 113 shares in the last quarter. Finally, Czech National Bank increased its holdings in Walt Disney by 6.3% in the 3rd quarter. Czech National Bank now owns 369,397 shares of the entertainment giant’s stock valued at $35,532,000 after buying an additional 21,998 shares during the period. Institutional investors own 65.71% of the company’s stock.

Walt Disney Price Performance

Shares of DIS opened at $95.15 on Friday. The business has a 50-day moving average of $90.78 and a 200-day moving average of $100.66. 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 company has a market capitalization of $173.46 billion, a price-to-earnings ratio of 103.42, a price-to-earnings-growth ratio of 1.53 and a beta of 1.40. The Walt Disney Company has a 1 year low of $78.88 and a 1 year high of $123.74.

Walt Disney (NYSE:DIS) last issued its quarterly 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. Walt Disney had a net margin of 5.30% and a return on equity of 8.64%. The firm had revenue of $23.20 billion for the quarter, compared to the consensus estimate of $23.08 billion. During the same quarter in the previous year, the company earned $1.03 EPS. The company’s revenue for the quarter was up 3.9% on a year-over-year basis. As a group, equities research analysts anticipate that The Walt Disney Company will post 4.92 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on DIS shares. Raymond James restated a “market perform” rating on shares of Walt Disney in a research note on Tuesday, October 1st. Evercore ISI dropped their price objective on Walt Disney from $128.00 to $105.00 and set an “outperform” rating for the company in a research report on Thursday, August 8th. Morgan Stanley decreased their target price on Walt Disney from $130.00 to $110.00 and set an “overweight” rating on the stock in a research report on Monday, August 5th. UBS Group dropped their target price on shares of Walt Disney from $130.00 to $120.00 and set a “buy” rating for the company in a report on Thursday, August 8th. Finally, Barclays decreased their price target on shares of Walt Disney from $130.00 to $105.00 and set an “overweight” rating on the stock in a report on Thursday, August 8th. Four 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 company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $119.20.

Insider Buying and Selling

In other Walt Disney news, Director Calvin Mcdonald purchased 11,756 shares of the business’s stock in a transaction on Thursday, August 8th. The shares were purchased at an average cost of $85.06 per share, for a total transaction of $999,965.36. Following the acquisition, the director now owns 22,313 shares of the company’s stock, valued at approximately $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 the SEC website. 0.10% of the stock is currently owned by insiders.

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.