The Walt Disney Company (NYSE:DIS) Shares Sold by Mediolanum International Funds Ltd

Mediolanum International Funds Ltd lowered its holdings in shares of The Walt Disney Company (NYSE:DIS) by 1.3% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 291,601 shares of the entertainment giant’s stock after selling 3,979 shares during the period. Mediolanum International Funds Ltd’s holdings in Walt Disney were worth $27,950,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Sendero Wealth Management LLC grew its holdings in shares of 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. Tevis Investment Management boosted its position in shares of Walt Disney by 1.4% in the first quarter. Tevis Investment Management now owns 18,468 shares of the entertainment giant’s stock worth $2,260,000 after acquiring an additional 253 shares during the last quarter. Atwater Malick LLC boosted its position in shares of Walt Disney by 2.3% in the first quarter. Atwater Malick LLC now owns 65,550 shares of the entertainment giant’s stock worth $8,021,000 after acquiring an additional 1,466 shares during the last quarter. Bridge Advisory LLC lifted its position in Walt Disney by 2.7% during the first quarter. Bridge Advisory LLC now owns 9,361 shares of the entertainment giant’s stock valued at $1,145,000 after buying an additional 246 shares in the last quarter. Finally, Asio Capital LLC lifted its position in Walt Disney by 23.7% during the first quarter. Asio Capital LLC now owns 27,097 shares of the entertainment giant’s stock valued at $3,316,000 after buying an additional 5,198 shares in the last quarter. Institutional investors and hedge funds own 65.71% of the company’s stock.

Insider Activity

In other news, Director Calvin Mcdonald purchased 11,756 shares of Walt Disney stock in a transaction dated Thursday, August 8th. The stock was bought at an average price of $85.06 per share, with a total value of $999,965.36. Following the completion of the acquisition, the director now owns 22,313 shares in the company, valued at $1,897,943.78. The trade was a 100.00 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.10% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on DIS. Piper Sandler began coverage on shares of Walt Disney in a research report on Wednesday, October 16th. They set a “neutral” rating and a $95.00 price target on the stock. Morgan Stanley dropped their price objective on shares of Walt Disney from $130.00 to $110.00 and set an “overweight” rating on the stock in a research note on Monday, August 5th. JPMorgan Chase & Co. dropped their price objective on shares of Walt Disney from $135.00 to $125.00 and set an “overweight” rating on the stock in a research note on Thursday, August 8th. Barclays dropped their price objective on shares of Walt Disney from $130.00 to $105.00 and set an “overweight” rating on the stock in a research note on Thursday, August 8th. Finally, Loop Capital dropped their price objective on shares of Walt Disney from $139.00 to $130.00 and set a “buy” rating on the stock in a research note on Tuesday, July 30th. Five investment 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 stock. Based on data from MarketBeat.com, Walt Disney has an average rating of “Moderate Buy” and an average target price of $118.05.

Walt Disney Stock Performance

DIS stock traded up $1.23 during trading on Friday, hitting $96.63. 1,213,582 shares of the company’s stock traded hands, compared to its average volume of 10,838,289. 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 52 week low of $79.23 and a 52 week high of $123.74. The stock has a fifty day moving average price of $92.36 and a two-hundred day moving average price of $98.44. The stock has a market capitalization of $176.16 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) last released its 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 net margin of 5.30% and a return on equity of 8.64%. The firm had revenue of $23.20 billion during the quarter, compared to analyst estimates of $23.08 billion. During the same quarter in the previous year, the firm earned $1.03 earnings per share. The firm’s revenue for the quarter was up 3.9% compared to the same quarter last year. As a group, equities analysts anticipate that The Walt Disney Company will post 4.92 EPS for the current fiscal 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.