Means Investment CO. Inc. Sells 2,199 Shares of The Walt Disney Company (NYSE:DIS)

Means Investment CO. Inc. decreased its position in shares of The Walt Disney Company (NYSE:DIS) by 9.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 21,945 shares of the entertainment giant’s stock after selling 2,199 shares during the period. Means Investment CO. Inc.’s holdings in Walt Disney were worth $2,111,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in DIS. Vanguard Group Inc. raised its holdings in shares of Walt Disney by 1.5% during the 1st quarter. Vanguard Group Inc. now owns 153,769,084 shares of the entertainment giant’s stock worth $18,815,185,000 after acquiring an additional 2,325,582 shares in the last quarter. Bank of New York Mellon Corp increased its position in Walt Disney by 10.8% in the second quarter. Bank of New York Mellon Corp now owns 14,883,983 shares of the entertainment giant’s stock worth $1,477,831,000 after purchasing an additional 1,449,730 shares during the last quarter. Legal & General Group Plc raised its stake in Walt Disney by 3.1% during the second quarter. Legal & General Group Plc now owns 14,281,047 shares of the entertainment giant’s stock valued at $1,417,958,000 after purchasing an additional 425,438 shares in the last quarter. Jennison Associates LLC bought a new position in Walt Disney during the first quarter valued at $1,490,492,000. Finally, Price T Rowe Associates Inc. MD grew its stake in shares of Walt Disney by 2.5% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 12,040,297 shares of the entertainment giant’s stock worth $1,473,252,000 after buying an additional 293,482 shares in the last quarter. 65.71% of the stock is owned by institutional investors.

Insider Transactions at Walt Disney

In related news, Director Calvin Mcdonald bought 11,756 shares of the business’s stock in a transaction on Thursday, August 8th. The shares were bought at an average price of $85.06 per share, for a total transaction of $999,965.36. Following the completion of the purchase, the director now directly owns 22,313 shares of the company’s stock, valued at approximately $1,897,943.78. This trade represents a 100.00 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.10% of the company’s stock.

Walt Disney Trading Up 0.8 %

NYSE DIS opened at $97.28 on Friday. The company’s 50-day simple moving average is $91.72 and its two-hundred day simple moving average is $98.89. The Walt Disney Company has a one year low of $79.23 and a one year high of $123.74. The company has a market capitalization of $177.35 billion, a price-to-earnings ratio of 105.74, a price-to-earnings-growth ratio of 1.49 and a beta of 1.40. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.66 and a current ratio of 0.72.

Walt Disney (NYSE:DIS) last issued its quarterly earnings data 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. The company had revenue of $23.20 billion for the quarter, compared to analyst estimates of $23.08 billion. Walt Disney had a net margin of 5.30% and a return on equity of 8.64%. Walt Disney’s revenue was up 3.9% compared to the same quarter last year. During the same period last year, the company posted $1.03 earnings per share. Equities analysts forecast that The Walt Disney Company will post 4.92 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on DIS. Morgan Stanley lowered their price target on shares of Walt Disney from $130.00 to $110.00 and set an “overweight” rating for the company in a report on Monday, August 5th. Barclays lowered their price objective on Walt Disney from $130.00 to $105.00 and set an “overweight” rating for the company in a research note on Thursday, August 8th. Piper Sandler started coverage on Walt Disney in a research report on Wednesday. They set a “neutral” rating and a $95.00 target price on the stock. Needham & Company LLC restated a “buy” rating and issued a $110.00 price target on shares of Walt Disney in a research report on Thursday, September 26th. Finally, The Goldman Sachs Group began coverage on shares of Walt Disney in a research note on Tuesday, June 25th. They set a “buy” rating and a $125.00 price objective for the company. Five 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 data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $118.05.

About Walt Disney

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.