Kapstone Financial Advisors LLC Sells 883 Shares of The Walt Disney Company (NYSE:DIS)

Kapstone Financial Advisors LLC cut its stake in shares of The Walt Disney Company (NYSE:DIS) by 23.1% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,933 shares of the entertainment giant’s stock after selling 883 shares during the quarter. Kapstone Financial Advisors LLC’s holdings in Walt Disney were worth $282,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in DIS. Capital World Investors grew its holdings 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 worth $766,903,000 after acquiring an additional 6,084,993 shares during the last quarter. Swedbank AB bought a new stake in Walt Disney during the 1st quarter worth approximately $493,715,000. Farallon Capital Management LLC bought a new stake in Walt Disney during the 2nd quarter worth approximately $355,673,000. Ontario Teachers Pension Plan Board bought a new stake in shares of Walt Disney in the 1st quarter valued at $425,567,000. Finally, International Assets Investment Management LLC boosted its stake in shares of Walt Disney by 12,574.4% in the 3rd quarter. International Assets Investment Management LLC now owns 3,426,393 shares of the entertainment giant’s stock valued at $329,585,000 after purchasing an additional 3,399,359 shares during the last quarter. 65.71% of the stock is owned by institutional investors.

Walt Disney Price Performance

Shares of DIS stock traded up $8.31 during trading hours on Thursday, hitting $111.03. 21,272,051 shares of the company’s stock were exchanged, compared to its average volume of 10,791,769. The company has a market capitalization of $201.36 billion, a PE ratio of 43.52, a PEG ratio of 1.64 and a beta of 1.40. The Walt Disney Company has a 12-month low of $83.91 and a 12-month high of $123.74. The business’s 50 day simple moving average is $94.62 and its 200-day simple moving average is $96.69. The company has a current ratio of 0.72, a quick ratio of 0.66 and a debt-to-equity ratio of 0.38.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on DIS shares. Wells Fargo & Company reduced their price objective on shares of Walt Disney from $136.00 to $116.00 and set an “overweight” rating on the stock in a research note on Thursday, August 8th. Seaport Res Ptn upgraded shares of Walt Disney from a “hold” rating to a “strong-buy” rating in a research report on Monday, September 30th. Barclays lowered their price objective 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. Raymond James restated a “market perform” rating on shares of Walt Disney in a report on Tuesday, October 1st. Finally, Bank of America lowered their price objective on shares of Walt Disney from $145.00 to $120.00 and set a “buy” rating on the stock in a report on Thursday, August 8th. Four analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $119.14.

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.