Macroview Investment Management LLC Sells 500 Shares of The Walt Disney Company (NYSE:DIS)

Macroview Investment Management LLC trimmed its position in The Walt Disney Company (NYSE:DIS) by 29.6% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,187 shares of the entertainment giant’s stock after selling 500 shares during the quarter. Macroview Investment Management LLC’s holdings in Walt Disney were worth $114,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Sound Income Strategies LLC lifted its position in Walt Disney by 9.6% during the first quarter. Sound Income Strategies LLC now owns 4,488 shares of the entertainment giant’s stock valued at $549,000 after purchasing an additional 394 shares during the last quarter. Eagle Rock Investment Company LLC increased its holdings in Walt Disney by 15.8% during the first quarter. Eagle Rock Investment Company LLC now owns 63,387 shares of the entertainment giant’s stock valued at $7,756,000 after buying an additional 8,658 shares during the period. Elevated Capital Advisors LLC raised its stake in Walt Disney by 5.0% in the first quarter. Elevated Capital Advisors LLC now owns 6,107 shares of the entertainment giant’s stock worth $747,000 after buying an additional 291 shares in the last quarter. Brookstone Capital Management lifted its holdings in Walt Disney by 9.1% during the first quarter. Brookstone Capital Management now owns 101,680 shares of the entertainment giant’s stock worth $12,442,000 after buying an additional 8,496 shares during the period. Finally, Future Financial Wealth Managment LLC bought a new stake in Walt Disney during the 1st quarter valued at $233,000. Hedge funds and other institutional investors own 65.71% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on DIS shares. Moffett Nathanson decreased their price objective on Walt Disney from $130.00 to $125.00 and set a “buy” rating for the company in a research note on Tuesday, July 2nd. Barclays decreased their price target on shares of Walt Disney from $130.00 to $105.00 and set an “overweight” rating for the company in a research report on Thursday, August 8th. Macquarie reduced their price objective on shares of Walt Disney from $94.00 to $91.00 and set a “neutral” rating for the company in a research note on Thursday, September 19th. Wells Fargo & Company decreased their target price on shares of Walt Disney from $136.00 to $116.00 and set an “overweight” rating for the company in a research report on Thursday, August 8th. Finally, Raymond James reissued a “market perform” rating on shares of Walt Disney in a research report on Tuesday, October 1st. Five investment 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 data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $118.05.

Insider Activity at Walt Disney

In other news, Director Calvin Mcdonald acquired 11,756 shares of the firm’s stock in a transaction on Thursday, August 8th. The stock was acquired at an average price of $85.06 per share, for a total transaction of $999,965.36. Following the completion of the transaction, the director now owns 22,313 shares in the company, valued at approximately $1,897,943.78. The trade was a 100.00 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.10% of the stock is owned by company insiders.

Walt Disney Stock Up 0.2 %

Walt Disney stock opened at $96.78 on Wednesday. The business’s 50-day moving average price is $92.16 and its 200 day moving average price is $98.45. 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 firm has a market cap of $176.43 billion, a price-to-earnings ratio of 105.20, a price-to-earnings-growth ratio of 1.49 and a beta of 1.40. The Walt Disney Company has a 52 week low of $79.23 and a 52 week high of $123.74.

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

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.