Court Place Advisors LLC Has $949,000 Stake in The Walt Disney Company (NYSE:DIS)

Court Place Advisors LLC lowered its stake in shares of The Walt Disney Company (NYSE:DIS) by 5.3% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,861 shares of the entertainment giant’s stock after selling 547 shares during the quarter. Court Place Advisors LLC’s holdings in Walt Disney were worth $949,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Sendero Wealth Management LLC boosted its position in shares of Walt Disney by 2.0% during the 1st quarter. Sendero Wealth Management LLC now owns 4,649 shares of the entertainment giant’s stock worth $569,000 after acquiring an additional 89 shares in the last quarter. Tevis Investment Management raised its holdings in shares of Walt Disney by 1.4% during the 1st quarter. Tevis Investment Management now owns 18,468 shares of the entertainment giant’s stock worth $2,260,000 after buying an additional 253 shares in the last quarter. Atwater Malick LLC lifted its position in shares of Walt Disney by 2.3% during the 1st quarter. Atwater Malick LLC now owns 65,550 shares of the entertainment giant’s stock worth $8,021,000 after buying an additional 1,466 shares during the last quarter. Bridge Advisory LLC increased its stake in shares of Walt Disney by 2.7% in the first quarter. Bridge Advisory LLC now owns 9,361 shares of the entertainment giant’s stock valued at $1,145,000 after buying an additional 246 shares during the period. Finally, Asio Capital LLC raised its position in shares of Walt Disney by 23.7% during the first quarter. Asio Capital LLC now owns 27,097 shares of the entertainment giant’s stock worth $3,316,000 after acquiring an additional 5,198 shares during the last quarter. Institutional investors own 65.71% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have issued reports on DIS shares. Macquarie lowered their price target on shares of Walt Disney from $94.00 to $91.00 and set a “neutral” rating for the company in a report on Thursday, September 19th. Barclays dropped their price target on Walt Disney from $130.00 to $105.00 and set an “overweight” rating on the stock in a research note on Thursday, August 8th. Loop Capital decreased their price objective on Walt Disney from $139.00 to $130.00 and set a “buy” rating for the company in a report on Tuesday, July 30th. Bank of America reduced their price target on shares of Walt Disney from $145.00 to $120.00 and set a “buy” rating for the company in a research report on Thursday, August 8th. Finally, Deutsche Bank Aktiengesellschaft lowered their price objective 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. Five equities research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $118.05.

Insiders Place Their Bets

In related news, Director Calvin Mcdonald acquired 11,756 shares of the stock in a transaction dated 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 transaction, the director now owns 22,313 shares in the company, valued at $1,897,943.78. This represents a 100.00 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 0.10% of the company’s stock.

Walt Disney Price Performance

Shares of DIS traded up $1.31 during midday trading on Friday, hitting $96.71. 923,160 shares of the company traded hands, compared to its average volume of 10,836,886. The Walt Disney Company has a one year low of $79.23 and a one year high of $123.74. The firm has a market cap of $176.31 billion, a P/E ratio of 103.73, a PEG ratio of 1.49 and a beta of 1.40. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.72 and a quick ratio of 0.66. The stock has a 50-day moving average of $92.36 and a 200-day moving average of $98.44.

Walt Disney (NYSE:DIS) last announced its earnings results on Wednesday, August 7th. The entertainment giant reported $1.39 earnings per share for the quarter, topping analysts’ consensus estimates of $1.20 by $0.19. Walt Disney had a return on equity of 8.64% and a net margin of 5.30%. The business had revenue of $23.20 billion for the quarter, compared to analyst estimates of $23.08 billion. During the same period in the prior year, the company earned $1.03 EPS. The company’s quarterly revenue was up 3.9% compared to the same quarter last year. As a group, sell-side analysts predict that The Walt Disney Company will post 4.92 EPS for the current fiscal year.

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.