Orca Investment Management LLC Sells 108 Shares of The Walt Disney Company (NYSE:DIS)

Orca Investment Management LLC lessened its holdings in shares of The Walt Disney Company (NYSE:DIS) by 2.3% during the 3rd quarter, Holdings Channel.com reports. The firm owned 4,623 shares of the entertainment giant’s stock after selling 108 shares during the period. Orca Investment Management LLC’s holdings in Walt Disney were worth $445,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. ESL Trust Services LLC bought a new stake in shares of Walt Disney during the first quarter worth $31,000. William B. Walkup & Associates Inc. bought a new stake in shares of Walt Disney during the second quarter worth $32,000. Red Tortoise LLC grew its holdings in shares of Walt Disney by 141.4% during the first quarter. Red Tortoise LLC now owns 367 shares of the entertainment giant’s stock worth $45,000 after purchasing an additional 215 shares during the last quarter. O Brien Wealth Partners LLC bought a new position in Walt Disney in the first quarter valued at about $51,000. Finally, Mascoma Wealth Management LLC boosted its holdings in Walt Disney by 38.0% in the second quarter. Mascoma Wealth Management LLC now owns 443 shares of the entertainment giant’s stock valued at $44,000 after acquiring an additional 122 shares during the last quarter. Institutional investors own 65.71% of the company’s stock.

Insider Activity at Walt Disney

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 shares were acquired at an average price of $85.06 per share, with a total value of $999,965.36. Following the transaction, the director now owns 22,313 shares in the company, valued at $1,897,943.78. This represents a 100.00 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.10% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several research firms recently issued reports on DIS. Bank of America decreased their price target on Walt Disney from $145.00 to $120.00 and set a “buy” rating on the stock in a report on Thursday, August 8th. Raymond James reiterated a “market perform” rating on shares of Walt Disney in a report on Tuesday, October 1st. Loop Capital decreased their price target on Walt Disney from $139.00 to $130.00 and set a “buy” rating on the stock in a report on Tuesday, July 30th. Macquarie decreased their price target on Walt Disney from $94.00 to $91.00 and set a “neutral” rating on the stock in a report on Thursday, September 19th. Finally, The Goldman Sachs Group began coverage on Walt Disney in a report on Tuesday, June 25th. They issued a “buy” rating and a $125.00 price target on the stock. Four research analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $119.20.

Walt Disney Trading Up 1.2 %

NYSE DIS opened at $94.13 on Monday. The firm has a market cap of $171.60 billion, a P/E ratio of 102.32, 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 current ratio of 0.72 and a quick ratio of 0.66. The stock’s 50-day moving average is $90.85 and its 200-day moving average is $99.65. The Walt Disney Company has a one year low of $79.23 and a one year high of $123.74.

Walt Disney (NYSE:DIS) last released its quarterly earnings results on Wednesday, August 7th. The entertainment giant reported $1.39 EPS for the quarter, topping analysts’ consensus estimates of $1.20 by $0.19. The company had revenue of $23.20 billion for the quarter, compared to analyst estimates of $23.08 billion. Walt Disney had a return on equity of 8.64% and a net margin of 5.30%. Walt Disney’s revenue was up 3.9% compared to the same quarter last year. During the same quarter last year, the firm posted $1.03 earnings per share. Sell-side analysts anticipate that The Walt Disney Company will post 4.92 earnings per share for the current fiscal 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.