The Walt Disney Company (NYSE:DIS) Shares Sold by Everence Capital Management Inc.

Everence Capital Management Inc. lowered its position in The Walt Disney Company (NYSE:DIS) by 19.3% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 45,899 shares of the entertainment giant’s stock after selling 10,983 shares during the quarter. Everence Capital Management Inc.’s holdings in Walt Disney were worth $4,415,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Jennison Associates LLC acquired a new position in Walt Disney in the first quarter valued at approximately $1,490,492,000. Capital World Investors raised its position in Walt Disney by 3,332.4% in 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 period. Swedbank AB acquired a new position in shares of Walt Disney in the 1st quarter valued at $493,715,000. Farallon Capital Management LLC purchased a new position in shares of Walt Disney during the 2nd quarter worth $355,673,000. Finally, Ontario Teachers Pension Plan Board acquired a new stake in shares of Walt Disney during the 1st quarter worth about $425,567,000. 65.71% of the stock is currently owned by institutional investors and hedge funds.

Walt Disney Stock Down 1.1 %

DIS stock traded down $1.05 during trading on Monday, hitting $96.23. 3,141,007 shares of the company’s stock were exchanged, compared to its average volume of 10,943,428. The stock has a market capitalization of $175.43 billion, a price-to-earnings ratio of 105.74, a PEG ratio of 1.49 and a beta of 1.40. The Walt Disney Company has a 52-week low of $79.23 and a 52-week high of $123.74. 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 business has a 50-day moving average price of $91.72 and a two-hundred day moving average price of $98.75.

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, 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 business had revenue of $23.20 billion during the quarter, compared to analysts’ expectations of $23.08 billion. During the same quarter in the prior year, the business posted $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 expect that The Walt Disney Company will post 4.92 EPS for the current year.

Wall Street Analyst Weigh In

Several research analysts have weighed in on DIS shares. Morgan Stanley lowered their target price on shares of Walt Disney from $130.00 to $110.00 and set an “overweight” rating for the company in a research note on Monday, August 5th. Loop Capital dropped their target price on shares of Walt Disney from $139.00 to $130.00 and set a “buy” rating for the company in a report on Tuesday, July 30th. Seaport Res Ptn upgraded Walt Disney from a “hold” rating to a “strong-buy” rating in a research note on Monday, September 30th. Wells Fargo & Company lowered their price target 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. Finally, Moffett Nathanson cut their price objective on Walt Disney from $130.00 to $125.00 and set a “buy” rating on the stock in a report on Tuesday, July 2nd. Five research 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. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $118.05.

Insider Transactions at Walt Disney

In other news, Director Calvin Mcdonald purchased 11,756 shares of the company’s stock in a transaction that occurred on Thursday, August 8th. The shares were purchased at an average price of $85.06 per share, for a total transaction of $999,965.36. Following the purchase, the director now directly owns 22,313 shares of the company’s stock, valued at $1,897,943.78. This represents a 100.00 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 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.