The Walt Disney Company (NYSE:DIS) Shares Sold by Sound Income Strategies LLC

Sound Income Strategies LLC lessened its position in The Walt Disney Company (NYSE:DIS) by 12.3% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 4,104 shares of the entertainment giant’s stock after selling 576 shares during the period. Sound Income Strategies LLC’s holdings in Walt Disney were worth $395,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Jennison Associates LLC bought a new stake in shares of Walt Disney during the first quarter valued at approximately $1,490,492,000. Capital World Investors raised its stake 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 acquiring an additional 6,084,993 shares in the last quarter. Swedbank AB bought a new position in shares of Walt Disney in the first quarter worth $493,715,000. Farallon Capital Management LLC bought a new position in shares of Walt Disney in the second quarter worth $355,673,000. Finally, Ontario Teachers Pension Plan Board acquired a new position in shares of Walt Disney during the first quarter valued at $425,567,000. 65.71% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, Director Calvin Mcdonald bought 11,756 shares of the business’s stock in a transaction on Thursday, August 8th. The stock was bought 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 $1,897,943.78. This represents a 100.00 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.10% of the stock is currently owned by corporate insiders.

Walt Disney Price Performance

Shares of NYSE:DIS opened at $94.13 on Monday. The company’s fifty day moving average is $90.85 and its two-hundred day moving average is $99.65. The company has a market cap of $171.60 billion, a P/E ratio of 102.32, a price-to-earnings-growth ratio of 1.49 and a beta of 1.40. The Walt Disney Company has a 12-month low of $79.23 and a 12-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.

Walt Disney (NYSE:DIS) last posted its quarterly earnings results on Wednesday, August 7th. The entertainment giant reported $1.39 earnings per share for the quarter, beating the consensus estimate of $1.20 by $0.19. Walt Disney had a return on equity of 8.64% and a net margin of 5.30%. The firm had revenue of $23.20 billion for the quarter, compared to analyst estimates of $23.08 billion. During the same period in the previous year, the firm earned $1.03 earnings per share. Walt Disney’s quarterly revenue was up 3.9% on a year-over-year basis. Equities analysts expect that The Walt Disney Company will post 4.92 earnings per share for the current fiscal year.

Analyst Ratings Changes

DIS has been the subject of a number of recent analyst reports. Evercore ISI decreased their target price on shares of Walt Disney from $128.00 to $105.00 and set an “outperform” rating for the company in a research report on Thursday, August 8th. Macquarie lowered their price objective on shares of Walt Disney from $94.00 to $91.00 and set a “neutral” rating on the stock in a research note on Thursday, September 19th. Morgan Stanley cut their target price on Walt Disney from $130.00 to $110.00 and set an “overweight” rating for the company in a research report on Monday, August 5th. Barclays lowered their price target on Walt Disney from $130.00 to $105.00 and set an “overweight” rating on the stock in a research report on Thursday, August 8th. Finally, Deutsche Bank Aktiengesellschaft cut their price objective on Walt Disney from $130.00 to $115.00 and set a “buy” rating for the company in a report on Thursday, August 8th. Four 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 stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $119.20.

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.