Keene & Associates Inc. Has $2.83 Million Stake in The Walt Disney Company (NYSE:DIS)

Keene & Associates Inc. lowered its position in The Walt Disney Company (NYSE:DIS) by 13.0% during the third quarter, HoldingsChannel reports. The institutional investor owned 29,426 shares of the entertainment giant’s stock after selling 4,378 shares during the period. Walt Disney comprises 2.1% of Keene & Associates Inc.’s investment portfolio, making the stock its 27th biggest position. Keene & Associates Inc.’s holdings in Walt Disney were worth $2,830,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Brookstone Capital Management lifted its position in shares of Walt Disney by 9.1% in the first quarter. Brookstone Capital Management now owns 101,680 shares of the entertainment giant’s stock worth $12,442,000 after buying an additional 8,496 shares during the last quarter. Sovereign Financial Group Inc. lifted its holdings in Walt Disney by 45.0% in the 1st quarter. Sovereign Financial Group Inc. now owns 4,699 shares of the entertainment giant’s stock worth $575,000 after purchasing an additional 1,459 shares during the last quarter. GoalVest Advisory LLC boosted its position in Walt Disney by 25.1% during the first quarter. GoalVest Advisory LLC now owns 697 shares of the entertainment giant’s stock worth $85,000 after purchasing an additional 140 shares during the period. Wealthcare Advisory Partners LLC grew its holdings in Walt Disney by 3.3% during the first quarter. Wealthcare Advisory Partners LLC now owns 29,472 shares of the entertainment giant’s stock valued at $3,606,000 after purchasing an additional 929 shares during the last quarter. Finally, Thrive Wealth Management LLC raised its position in shares of Walt Disney by 50.2% in the first quarter. Thrive Wealth Management LLC now owns 3,955 shares of the entertainment giant’s stock valued at $484,000 after purchasing an additional 1,321 shares during the period. Institutional investors own 65.71% of the company’s stock.

Walt Disney Stock Down 0.5 %

Shares of DIS opened at $96.24 on Thursday. 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 50-day moving average price of $92.36 and a two-hundred day moving average price of $98.44. The stock has a market cap of $175.45 billion, a price-to-earnings ratio of 104.61, a P/E/G ratio of 1.49 and a beta of 1.40. The Walt Disney Company has a 12 month low of $79.23 and a 12 month high of $123.74.

Walt Disney (NYSE:DIS) last posted its earnings results on Wednesday, August 7th. The entertainment giant reported $1.39 EPS for the quarter, topping 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 business had revenue of $23.20 billion during the quarter, compared to the consensus estimate of $23.08 billion. During the same quarter last year, the company earned $1.03 EPS. Walt Disney’s revenue was up 3.9% on a year-over-year basis. Equities analysts predict that The Walt Disney Company will post 4.92 EPS for the current fiscal year.

Insider Activity

In other news, Director Calvin Mcdonald bought 11,756 shares of the company’s stock in a transaction that occurred on Thursday, August 8th. The stock was acquired at an average price of $85.06 per share, for a total transaction of $999,965.36. Following the transaction, the director now directly owns 22,313 shares of the company’s stock, valued at $1,897,943.78. This trade represents a 100.00 % increase in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. 0.10% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several analysts recently issued reports on DIS shares. Morgan Stanley decreased their price objective on shares of Walt Disney from $130.00 to $110.00 and set an “overweight” rating for the company in a report on Monday, August 5th. Barclays lowered their price target on Walt Disney from $130.00 to $105.00 and set an “overweight” rating on the stock in a research report on Thursday, August 8th. Seaport Res Ptn raised Walt Disney from a “hold” rating to a “strong-buy” rating in a research report on Monday, September 30th. Piper Sandler began coverage on Walt Disney in a report on Wednesday, October 16th. They issued a “neutral” rating and a $95.00 target price on the stock. Finally, Loop Capital dropped their price target on Walt Disney from $139.00 to $130.00 and set a “buy” rating on the stock in a research report on Tuesday, July 30th. Five analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Walt Disney has an average rating of “Moderate Buy” and a consensus target price of $118.05.

Walt Disney Company 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.