Grassi Investment Management Lowers Stock Holdings in The Walt Disney Company (NYSE:DIS)

Grassi Investment Management decreased its position in shares of The Walt Disney Company (NYSE:DIS - Free Report) by 9.0% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 59,415 shares of the entertainment giant's stock after selling 5,851 shares during the quarter. Grassi Investment Management's holdings in Walt Disney were worth $5,715,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Sendero Wealth Management LLC grew its stake in Walt Disney by 2.0% during the first quarter. Sendero Wealth Management LLC now owns 4,649 shares of the entertainment giant's stock worth $569,000 after buying an additional 89 shares in the last quarter. Regent Peak Wealth Advisors LLC lifted its stake in Walt Disney by 3.5% during the first quarter. Regent Peak Wealth Advisors LLC now owns 2,801 shares of the entertainment giant's stock worth $343,000 after purchasing an additional 94 shares during the last quarter. Horizon Bancorp Inc. IN boosted its holdings in shares of Walt Disney by 6.1% in the 1st quarter. Horizon Bancorp Inc. IN now owns 1,674 shares of the entertainment giant's stock valued at $205,000 after purchasing an additional 96 shares in the last quarter. KFA Private Wealth Group LLC increased its stake in shares of Walt Disney by 4.1% in the 1st quarter. KFA Private Wealth Group LLC now owns 2,691 shares of the entertainment giant's stock valued at $329,000 after purchasing an additional 106 shares during the last quarter. Finally, Transcendent Capital Group LLC raised its holdings in shares of Walt Disney by 1.4% during the 1st quarter. Transcendent Capital Group LLC now owns 7,912 shares of the entertainment giant's stock worth $968,000 after buying an additional 108 shares in the last quarter. Hedge funds and other institutional investors own 65.71% of the company's stock.

Insider Activity

In related news, Director Calvin Mcdonald bought 11,756 shares of the company's stock in a transaction that occurred on Thursday, August 8th. The shares were purchased at an average cost of $85.06 per share, with a total value of $999,965.36. Following the completion of the acquisition, the director now directly owns 22,313 shares in the company, valued at approximately $1,897,943.78. The trade was a 100.00 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.10% of the company's stock.

Walt Disney Stock Down 0.8 %

NYSE DIS traded down $0.81 on Thursday, hitting $95.43. The stock had a trading volume of 5,011,015 shares, compared to its average volume of 10,884,978. The business's fifty day moving average price is $92.36 and its 200 day moving average price is $98.44. 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 Walt Disney Company has a 52-week low of $79.23 and a 52-week high of $123.74. The stock has a market cap of $173.97 billion, a price-to-earnings ratio of 103.73, a price-to-earnings-growth ratio of 1.49 and a beta of 1.40.

Walt Disney (NYSE:DIS - Get Free Report) last issued its earnings results on Wednesday, August 7th. The entertainment giant reported $1.39 EPS for the quarter, beating 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 firm had revenue of $23.20 billion for the quarter, compared to analyst estimates of $23.08 billion. During the same quarter in the prior year, the firm earned $1.03 earnings per share. Walt Disney's revenue for the quarter was up 3.9% on a year-over-year basis. Equities research analysts anticipate that The Walt Disney Company will post 4.92 earnings per share for the current year.

Wall Street Analyst Weigh In

DIS has been the subject of a number of research reports. Deutsche Bank Aktiengesellschaft dropped their target price on shares of Walt Disney from $130.00 to $115.00 and set a "buy" rating for the company in a report on Thursday, August 8th. Moffett Nathanson decreased their target price on shares of Walt Disney from $130.00 to $125.00 and set a "buy" rating on the stock in a research note on Tuesday, July 2nd. Loop Capital cut their price objective on Walt Disney from $139.00 to $130.00 and set a "buy" rating on the stock in a report on Tuesday, July 30th. UBS Group lowered their target price on Walt Disney from $130.00 to $120.00 and set a "buy" rating for the company in a report on Thursday, August 8th. Finally, Piper Sandler started coverage on Walt Disney in a research note on Wednesday, October 16th. They set a "neutral" rating and a $95.00 price target on the stock. 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. According to MarketBeat.com, Walt Disney presently has an average rating of "Moderate Buy" and a consensus price target of $118.05.

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.