ST Germain D J Co. Inc. Sells 33,466 Shares of The Walt Disney Company (NYSE:DIS)

ST Germain D J Co. Inc. lessened its holdings in The Walt Disney Company (NYSE:DIS) by 46.5% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 38,494 shares of the entertainment giant’s stock after selling 33,466 shares during the period. ST Germain D J Co. Inc.’s holdings in Walt Disney were worth $3,703,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Vanguard Group Inc. grew its position in Walt Disney by 1.5% in the first quarter. Vanguard Group Inc. now owns 153,769,084 shares of the entertainment giant’s stock valued at $18,815,185,000 after acquiring an additional 2,325,582 shares during the last quarter. Bank of New York Mellon Corp grew its holdings in shares of Walt Disney by 10.8% during the second quarter. Bank of New York Mellon Corp now owns 14,883,983 shares of the entertainment giant’s stock worth $1,477,831,000 after purchasing an additional 1,449,730 shares during the last quarter. Legal & General Group Plc grew its holdings in shares of Walt Disney by 3.1% during the second quarter. Legal & General Group Plc now owns 14,281,047 shares of the entertainment giant’s stock worth $1,417,958,000 after purchasing an additional 425,438 shares during the last quarter. Jennison Associates LLC bought a new stake in shares of Walt Disney during the first quarter worth about $1,490,492,000. Finally, Price T Rowe Associates Inc. MD lifted its stake in shares of Walt Disney by 2.5% in the first 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 during the period. Institutional investors own 65.71% of the company’s stock.

Insider Buying and Selling

In related news, Director Calvin Mcdonald purchased 11,756 shares of the firm’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 completion of the acquisition, the director now owns 22,313 shares of the company’s stock, valued at $1,897,943.78. This represents a 100.00 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.10% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on DIS shares. Piper Sandler started coverage on Walt Disney in a research note on Wednesday. They issued a “neutral” rating and a $95.00 price objective on the stock. The Goldman Sachs Group started coverage on Walt Disney in a research note on Tuesday, June 25th. They issued a “buy” rating and a $125.00 price objective on the stock. Raymond James reaffirmed a “market perform” rating on shares of Walt Disney in a research note on Tuesday, October 1st. Wells Fargo & Company cut their price objective on Walt Disney from $136.00 to $116.00 and set an “overweight” rating on the stock in a research note on Thursday, August 8th. Finally, UBS Group dropped their price target on Walt Disney from $130.00 to $120.00 and set a “buy” rating on the stock in a research note on Thursday, August 8th. Five investment analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $118.05.

Walt Disney Stock Up 0.8 %

Shares of NYSE DIS traded up $0.74 during midday trading on Friday, hitting $97.28. 8,609,692 shares of the stock traded hands, compared to its average volume of 10,981,851. The business has a 50 day moving average price of $91.72 and a two-hundred day moving average price of $99.06. The Walt Disney Company has a one year low of $79.23 and a one year high of $123.74. The company has a market cap of $177.35 billion, a PE ratio of 105.75, a P/E/G ratio of 1.49 and a beta of 1.40. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.66 and a current ratio of 0.72.

Walt Disney (NYSE:DIS) last announced its quarterly earnings results on Wednesday, August 7th. The entertainment giant reported $1.39 earnings per share (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 in the prior year, the company posted $1.03 earnings per share. Walt Disney’s revenue was up 3.9% compared to the same quarter last year. On average, equities analysts predict that The Walt Disney Company will post 4.92 EPS for the current year.

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.