EWG Elevate Inc. Sells 157 Shares of The Walt Disney Company (NYSE:DIS)

EWG Elevate Inc. reduced its stake in shares of The Walt Disney Company (NYSE:DIS) by 4.7% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,188 shares of the entertainment giant’s stock after selling 157 shares during the quarter. EWG Elevate Inc.’s holdings in Walt Disney were worth $307,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in DIS. Waterloo Capital L.P. purchased a new position in Walt Disney during the 4th quarter valued at about $546,000. Westwood Holdings Group Inc. increased its holdings in Walt Disney by 30.5% during the fourth quarter. Westwood Holdings Group Inc. now owns 4,274 shares of the entertainment giant’s stock valued at $386,000 after buying an additional 998 shares during the period. Mosley Wealth Management bought a new position in Walt Disney in the fourth quarter worth approximately $219,000. Sei Investments Co. lifted its holdings in Walt Disney by 10.3% during the fourth quarter. Sei Investments Co. now owns 476,299 shares of the entertainment giant’s stock worth $43,002,000 after buying an additional 44,621 shares during the period. Finally, Elo Mutual Pension Insurance Co boosted its position in Walt Disney by 4.5% during the 4th quarter. Elo Mutual Pension Insurance Co now owns 159,751 shares of the entertainment giant’s stock valued at $14,424,000 after acquiring an additional 6,813 shares in the last quarter. 65.71% of the stock is currently owned by institutional investors.

Walt Disney Stock Performance

Shares of DIS stock traded down $2.77 on Monday, hitting $92.38. The company had a trading volume of 11,034,984 shares, compared to its average volume of 11,107,901. The Walt Disney Company has a twelve month low of $79.23 and a twelve month high of $123.74. 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 firm has a market cap of $168.41 billion, a P/E ratio of 100.41, a price-to-earnings-growth ratio of 1.53 and a beta of 1.40. The company has a 50-day moving average price of $90.78 and a 200-day moving average price of $100.55.

Walt Disney (NYSE:DIS) last posted its earnings results on Wednesday, August 7th. The entertainment giant reported $1.39 earnings per share (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 firm had revenue of $23.20 billion during the quarter, compared to analysts’ expectations of $23.08 billion. During the same period in the previous year, the business posted $1.03 EPS. The business’s revenue was up 3.9% compared to the same quarter last year. As a group, equities research analysts predict that The Walt Disney Company will post 4.92 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the company. JPMorgan Chase & Co. decreased their price objective on Walt Disney from $135.00 to $125.00 and set an “overweight” rating for the company in a research note on Thursday, August 8th. The Goldman Sachs Group began coverage on shares of Walt Disney in a research report on Tuesday, June 25th. They set a “buy” rating and a $125.00 price target for the company. Seaport Res Ptn raised shares of Walt Disney from a “hold” rating to a “strong-buy” rating in a research report on Monday, September 30th. Wells Fargo & Company decreased their target price on shares of Walt Disney from $136.00 to $116.00 and set an “overweight” rating for the company in a research report on Thursday, August 8th. Finally, Deutsche Bank Aktiengesellschaft cut their price target on shares of Walt Disney from $130.00 to $115.00 and set a “buy” rating on the stock in a report on Thursday, August 8th. Four equities research analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Walt Disney has a consensus rating of “Moderate Buy” and an average price target of $119.20.

Insider Activity

In related news, Director Calvin Mcdonald purchased 11,756 shares of Walt Disney stock in a transaction that occurred on Thursday, August 8th. The stock was purchased at an average price of $85.06 per share, for a total transaction of $999,965.36. Following the transaction, the director now directly owns 22,313 shares in the company, valued at approximately $1,897,943.78. This trade represents a 100.00 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 0.10% of the company’s stock.

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.