Novare Capital Management LLC Has $826,000 Stake in The Walt Disney Company (NYSE:DIS)

Novare Capital Management LLC cut its position in The Walt Disney Company (NYSE:DIS) by 28.7% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 8,590 shares of the entertainment giant’s stock after selling 3,459 shares during the period. Novare Capital Management LLC’s holdings in Walt Disney were worth $826,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in DIS. ESL Trust Services LLC acquired a new stake in shares of Walt Disney in the first quarter valued at approximately $31,000. William B. Walkup & Associates Inc. bought a new stake in shares of Walt Disney during the 2nd quarter valued at $32,000. Mascoma Wealth Management LLC lifted 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 valued at $44,000 after acquiring an additional 122 shares during the period. Red Tortoise LLC increased its position in shares of Walt Disney by 141.4% in the first quarter. Red Tortoise LLC now owns 367 shares of the entertainment giant’s stock worth $45,000 after purchasing an additional 215 shares during the period. Finally, First PREMIER Bank increased its position in shares of Walt Disney by 98.1% in 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. 65.71% of the stock is owned by institutional investors and hedge funds.

Walt Disney Stock Performance

Shares of NYSE DIS traded up $0.56 during midday trading on Monday, reaching $94.69. The company’s stock had a trading volume of 1,447,985 shares, compared to its average volume of 11,004,732. The stock has a market capitalization of $172.62 billion, a P/E ratio of 102.32, 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 firm has a 50 day moving average price of $90.85 and a 200-day moving average price of $99.65. The Walt Disney Company has a 12-month low of $79.23 and a 12-month high of $123.74.

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

Insider Buying and Selling

In related news, Director Calvin Mcdonald purchased 11,756 shares of the firm’s stock in a transaction dated Thursday, August 8th. The shares were purchased at an average cost of $85.06 per share, for a total transaction of $999,965.36. Following the completion of the transaction, the director now directly owns 22,313 shares in the company, valued at approximately $1,897,943.78. This represents a 100.00 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. 0.10% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several equities analysts have commented on DIS shares. Barclays decreased their target price 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. Seaport Res Ptn upgraded Walt Disney from a “hold” rating to a “strong-buy” rating in a research note on Monday, September 30th. Morgan Stanley lowered their price target on Walt Disney from $130.00 to $110.00 and set an “overweight” rating for the company in a report on Monday, August 5th. The Goldman Sachs Group started coverage on Walt Disney in a research note on Tuesday, June 25th. They set a “buy” rating and a $125.00 target price for the company. Finally, Evercore ISI decreased their price target on shares of Walt Disney from $128.00 to $105.00 and set an “outperform” rating on the stock in a report on Thursday, August 8th. Four research 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 company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus 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.