The Walt Disney Company (NYSE:DIS) Shares Sold by Tyche Wealth Partners LLC

Tyche Wealth Partners LLC trimmed its holdings in The Walt Disney Company (NYSE:DIS) by 2.2% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 5,695 shares of the entertainment giant’s stock after selling 128 shares during the period. Tyche Wealth Partners LLC’s holdings in Walt Disney were worth $548,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in DIS. Jennison Associates LLC bought a new stake in shares of Walt Disney in the 1st quarter valued at approximately $1,490,492,000. Capital World Investors increased its holdings in shares of Walt Disney by 3,332.4% in the 1st quarter. Capital World Investors now owns 6,267,593 shares of the entertainment giant’s stock valued at $766,903,000 after acquiring an additional 6,084,993 shares during the last quarter. Swedbank AB bought a new position in Walt Disney during the 1st quarter worth $493,715,000. Farallon Capital Management LLC bought a new position in Walt Disney during the 2nd quarter worth $355,673,000. Finally, Ontario Teachers Pension Plan Board bought a new position in Walt Disney during the 1st quarter worth $425,567,000. 65.71% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Walt Disney news, Director Calvin Mcdonald bought 11,756 shares of Walt Disney stock in a transaction that occurred on Thursday, August 8th. The shares were bought at an average price of $85.06 per share, with a total value of $999,965.36. Following the acquisition, the director now 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 purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.10% of the stock is currently owned by insiders.

Walt Disney Trading Up 0.1 %

Shares of DIS stock traded up $0.14 during mid-day trading on Tuesday, hitting $96.34. The company’s stock had a trading volume of 2,332,401 shares, compared to its average volume of 10,810,665. The company’s fifty day simple moving average is $92.72 and its 200-day simple moving average is $97.84. The Walt Disney Company has a 52 week low of $79.53 and a 52 week high of $123.74. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.66 and a current ratio of 0.72. The company has a market cap of $175.63 billion, a PE ratio of 104.57, a P/E/G ratio of 1.49 and a beta of 1.40.

Walt Disney (NYSE:DIS) 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 business had revenue of $23.20 billion during the quarter, compared to analyst estimates of $23.08 billion. During the same period in the previous year, the company posted $1.03 EPS. The firm’s revenue was up 3.9% compared to the same quarter last year. As a group, equities research analysts expect that The Walt Disney Company will post 4.92 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the company. Wells Fargo & Company lowered their price objective on Walt Disney from $136.00 to $116.00 and set an “overweight” rating for the company in a research note on Thursday, August 8th. UBS Group decreased their price target on Walt Disney from $130.00 to $120.00 and set a “buy” rating for the company in a research note on Thursday, August 8th. Seaport Res Ptn raised Walt Disney from a “hold” rating to a “strong-buy” rating in a research note on Monday, September 30th. Raymond James reissued a “market perform” rating on shares of Walt Disney in a research note on Tuesday, October 1st. Finally, Evercore ISI decreased their price target on Walt Disney from $128.00 to $105.00 and set an “outperform” 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 issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price 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.