McCollum Christoferson Group LLC Has $573,000 Stock Position in The Walt Disney Company (NYSE:DIS)

McCollum Christoferson Group LLC lowered its stake in The Walt Disney Company (NYSE:DIS - Free Report) by 89.6% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 5,960 shares of the entertainment giant's stock after selling 51,301 shares during the quarter. McCollum Christoferson Group LLC's holdings in Walt Disney were worth $573,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. ESL Trust Services LLC purchased a new stake in Walt Disney in the 1st quarter valued at $31,000. William B. Walkup & Associates Inc. acquired a new position in shares of Walt Disney during the second quarter worth $32,000. Red Tortoise LLC increased its holdings in shares of Walt Disney by 141.4% in the 1st quarter. Red Tortoise LLC now owns 367 shares of the entertainment giant's stock valued at $45,000 after acquiring an additional 215 shares during the last quarter. O Brien Wealth Partners LLC acquired a new stake in Walt Disney during the first quarter worth approximately $51,000. Finally, Mascoma Wealth Management LLC lifted its position in Walt Disney by 38.0% in the second 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 last quarter. Hedge funds and other institutional investors own 65.71% of the company's stock.

Analysts Set New Price Targets

Several brokerages have issued reports on DIS. Macquarie lowered their price objective on shares of Walt Disney from $94.00 to $91.00 and set a "neutral" rating on the stock in a research report on Thursday, September 19th. Barclays lowered their price target on Walt Disney from $130.00 to $105.00 and set an "overweight" rating on the stock in a report on Thursday, August 8th. Raymond James restated a "market perform" rating on shares of Walt Disney in a research report on Tuesday, October 1st. Evercore ISI decreased their target price on shares of Walt Disney from $128.00 to $105.00 and set an "outperform" rating on the stock in a research report on Thursday, August 8th. Finally, Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Walt Disney from $130.00 to $115.00 and set a "buy" rating for the company in a research note on Thursday, August 8th. Five research analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $118.05.

Insiders Place Their Bets

In related news, Director Calvin Mcdonald purchased 11,756 shares of Walt Disney stock in a transaction on Thursday, August 8th. The stock was purchased at an average cost of $85.06 per share, with a total value of $999,965.36. Following the acquisition, the director now directly owns 22,313 shares in the company, valued at approximately $1,897,943.78. This trade represents a 100.00 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 0.10% of the company's stock.

Walt Disney Trading Down 0.2 %

Shares of Walt Disney stock traded down $0.22 during trading on Thursday, hitting $96.53. The stock had a trading volume of 9,536,664 shares, compared to its average volume of 10,993,817. The stock has a 50 day simple moving average of $91.29 and a 200 day simple moving average of $99.24. The Walt Disney Company has a 1 year low of $79.23 and a 1 year high of $123.74. 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 company has a market capitalization of $175.98 billion, a PE ratio of 104.92, a P/E/G ratio of 1.49 and a beta of 1.40.

Walt Disney (NYSE:DIS - Get Free Report) last posted its quarterly earnings results on Wednesday, August 7th. The entertainment giant reported $1.39 earnings per share for the quarter, beating the consensus estimate of $1.20 by $0.19. Walt Disney had a return on equity of 8.64% and a net margin of 5.30%. The firm 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 quarterly revenue was up 3.9% on a year-over-year basis. On average, research analysts expect 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.