The Walt Disney Company (NYSE:DIS) Shares Sold by Kesler Norman & Wride LLC

Kesler Norman & Wride LLC lowered its stake in shares of The Walt Disney Company (NYSE:DIS) by 11.3% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,210 shares of the entertainment giant’s stock after selling 281 shares during the quarter. Kesler Norman & Wride LLC’s holdings in Walt Disney were worth $213,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Callan Family Office LLC boosted its position in Walt Disney by 12.1% during the 3rd quarter. Callan Family Office LLC now owns 6,991 shares of the entertainment giant’s stock valued at $672,000 after purchasing an additional 754 shares during the period. Aprio Wealth Management LLC boosted its position in Walt Disney by 7.6% during the 3rd quarter. Aprio Wealth Management LLC now owns 10,393 shares of the entertainment giant’s stock valued at $1,000,000 after purchasing an additional 732 shares during the period. Chapin Davis Inc. boosted its position in Walt Disney by 1.9% during the 3rd quarter. Chapin Davis Inc. now owns 20,601 shares of the entertainment giant’s stock valued at $1,982,000 after purchasing an additional 380 shares during the period. Bangor Savings Bank boosted its position in Walt Disney by 2.3% during the 3rd quarter. Bangor Savings Bank now owns 16,213 shares of the entertainment giant’s stock valued at $1,560,000 after purchasing an additional 358 shares during the period. Finally, Stonebridge Capital Management Inc. raised its stake in Walt Disney by 1.9% during the 3rd quarter. Stonebridge Capital Management Inc. now owns 29,298 shares of the entertainment giant’s stock valued at $2,819,000 after acquiring an additional 550 shares in the last quarter. Institutional investors and hedge funds own 65.71% of the company’s stock.

Insider Activity

In other Walt Disney news, Director Calvin Mcdonald purchased 11,756 shares of the stock in a transaction dated Thursday, August 8th. The shares were acquired at an average price of $85.06 per share, for a total transaction of $999,965.36. Following the completion of the acquisition, the director now owns 22,313 shares of the company’s stock, valued at $1,897,943.78. This represents a 100.00 % increase in their position. The acquisition was disclosed in a 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 Stock Up 0.1 %

Shares of Walt Disney stock opened at $92.52 on Wednesday. The stock’s fifty day moving average is $90.78 and its 200-day moving average is $100.38. The firm has a market capitalization of $168.67 billion, a PE ratio of 100.57, a price-to-earnings-growth ratio of 1.53 and a beta of 1.40. The company has a quick ratio of 0.66, a current ratio of 0.72 and a debt-to-equity ratio of 0.38. 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 announced 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 company 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 revenue for the quarter was up 3.9% compared to the same quarter last year. Equities analysts anticipate that The Walt Disney Company will post 4.92 earnings per share for the current year.

Analysts Set New Price Targets

Several brokerages have weighed in on DIS. Moffett Nathanson cut their target price on Walt Disney from $130.00 to $125.00 and set a “buy” rating on the stock in a research note on Tuesday, July 2nd. The Goldman Sachs Group began coverage on Walt Disney in a research note on Tuesday, June 25th. They set a “buy” rating and a $125.00 target price on the stock. Needham & Company LLC reaffirmed a “buy” rating and set a $110.00 target price on shares of Walt Disney in a research note on Thursday, September 26th. JPMorgan Chase & Co. cut their target price on Walt Disney from $135.00 to $125.00 and set an “overweight” rating on the stock in a research note on Thursday, August 8th. Finally, Seaport Res Ptn raised Walt Disney from a “hold” rating to a “strong-buy” rating in a research note on Monday, September 30th. Four equities 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. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $119.20.

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.