Wealth Architects LLC Sells 355 Shares of The Walt Disney Company (NYSE:DIS)

Wealth Architects LLC lowered its position in shares of The Walt Disney Company (NYSE:DIS) by 7.8% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,222 shares of the entertainment giant’s stock after selling 355 shares during the period. Wealth Architects LLC’s holdings in Walt Disney were worth $406,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. ESL Trust Services LLC bought a new stake in shares of Walt Disney in the first quarter valued at about $31,000. William B. Walkup & Associates Inc. bought a new stake in Walt Disney in the 2nd quarter valued at about $32,000. Mascoma Wealth Management LLC grew its position in shares of Walt Disney by 38.0% during the 2nd quarter. Mascoma Wealth Management LLC now owns 443 shares of the entertainment giant’s stock worth $44,000 after purchasing an additional 122 shares in the last quarter. First PREMIER Bank increased its holdings in shares of Walt Disney by 98.1% during the third quarter. First PREMIER Bank now owns 517 shares of the entertainment giant’s stock worth $50,000 after purchasing an additional 256 shares during the period. Finally, Iron Horse Wealth Management LLC raised its position in shares of Walt Disney by 148.7% in the second quarter. Iron Horse Wealth Management LLC now owns 557 shares of the entertainment giant’s stock valued at $55,000 after buying an additional 333 shares in the last quarter. 65.71% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages recently issued reports on DIS. UBS Group reduced their price target on Walt Disney from $130.00 to $120.00 and set a “buy” rating on the stock in a research report on Thursday, August 8th. Macquarie reduced their price target 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. Wells Fargo & Company dropped their price target on shares of Walt Disney from $136.00 to $116.00 and set an “overweight” rating for the company in a research note on Thursday, August 8th. JPMorgan Chase & Co. dropped their price target on shares of Walt Disney from $135.00 to $125.00 and set an “overweight” rating on the stock in a research report on Thursday, August 8th. Finally, Raymond James reiterated a “market perform” rating on shares of Walt Disney in a report on Tuesday, October 1st. 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’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $118.05.

Walt Disney Trading Up 2.3 %

Shares of DIS stock opened at $98.89 on Thursday. 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 simple moving average of $93.54 and a 200-day simple moving average of $97.12. The company has a market cap of $179.35 billion, a price-to-earnings ratio of 38.03, a PEG ratio of 1.52 and a beta of 1.40. The Walt Disney Company has a 1-year low of $83.91 and a 1-year high of $123.74.

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, 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 during the quarter, compared to the consensus estimate of $23.08 billion. During the same period last year, the company earned $1.03 EPS. The company’s revenue for the quarter was up 3.9% on a year-over-year basis. On average, equities research analysts expect that The Walt Disney Company will post 4.93 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.