Ramsay Stattman Vela & Price Inc. Cuts Position in The Walt Disney Company (NYSE:DIS)

Ramsay Stattman Vela & Price Inc. reduced its stake in The Walt Disney Company (NYSE:DIS - Free Report) by 17.8% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 54,760 shares of the entertainment giant's stock after selling 11,871 shares during the period. Ramsay Stattman Vela & Price Inc.'s holdings in Walt Disney were worth $5,267,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of DIS. Vanguard Group Inc. raised its holdings in shares of Walt Disney by 1.5% in the 1st quarter. Vanguard Group Inc. now owns 153,769,084 shares of the entertainment giant's stock valued at $18,815,185,000 after purchasing an additional 2,325,582 shares in the last quarter. Bank of New York Mellon Corp raised its stake in Walt Disney by 10.8% in the second quarter. Bank of New York Mellon Corp now owns 14,883,983 shares of the entertainment giant's stock valued at $1,477,831,000 after buying an additional 1,449,730 shares in the last quarter. Legal & General Group Plc lifted its holdings in Walt Disney by 3.1% during the 2nd quarter. Legal & General Group Plc now owns 14,281,047 shares of the entertainment giant's stock worth $1,417,958,000 after buying an additional 425,438 shares during the last quarter. Jennison Associates LLC acquired a new position in shares of Walt Disney during the 1st quarter worth about $1,490,492,000. Finally, Price T Rowe Associates Inc. MD raised its position in shares of Walt Disney by 2.5% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 12,040,297 shares of the entertainment giant's stock worth $1,473,252,000 after acquiring an additional 293,482 shares in the last quarter. 65.71% of the stock is currently owned by institutional investors and hedge funds.

Walt Disney Price Performance

Shares of DIS traded down $0.07 during mid-day trading on Tuesday, hitting $96.13. The company's stock had a trading volume of 6,829,499 shares, compared to its average volume of 10,832,182. The company has a current ratio of 0.72, a quick ratio of 0.66 and a debt-to-equity ratio of 0.38. The Walt Disney Company has a 1-year low of $79.53 and a 1-year high of $123.74. The firm has a market capitalization of $175.25 billion, a P/E ratio of 104.57, a P/E/G ratio of 1.49 and a beta of 1.40. The firm has a 50-day simple moving average of $92.72 and a 200 day simple moving average of $97.84.

Walt Disney (NYSE:DIS - Get Free Report) last released 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. The company had revenue of $23.20 billion during the quarter, compared to the consensus estimate of $23.08 billion. Walt Disney had a return on equity of 8.64% and a net margin of 5.30%. Walt Disney's quarterly revenue was up 3.9% compared to the same quarter last year. During the same quarter last year, the company earned $1.03 earnings per share. Analysts predict that The Walt Disney Company will post 4.92 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on DIS shares. JPMorgan Chase & Co. lowered their price target on Walt Disney from $135.00 to $125.00 and set an "overweight" rating for the company in a report on Thursday, August 8th. Piper Sandler assumed coverage on shares of Walt Disney in a research report on Wednesday, October 16th. They issued a "neutral" rating and a $95.00 target price on the stock. Raymond James reissued a "market perform" rating on shares of Walt Disney in a research report on Tuesday, October 1st. Seaport Res Ptn raised Walt Disney from a "hold" rating to a "strong-buy" rating in a report on Monday, September 30th. Finally, Bank of America reduced their target price on Walt Disney from $145.00 to $120.00 and set a "buy" rating for the company in a report on Thursday, August 8th. Five investment analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $118.05.

Insider Buying and Selling at Walt Disney

In other news, Director Calvin Mcdonald purchased 11,756 shares of the stock in a transaction that occurred on 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 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 position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.10% of the stock is currently owned by corporate insiders.

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.