The Walt Disney Company (NYSE:DIS) Shares Sold by Gries Financial LLC

Gries Financial LLC decreased its position in The Walt Disney Company (NYSE:DIS – Get Rating) by 6.3% during the 4th quarter, Holdings Channel reports. The fund owned 2,647 shares of the entertainment giant’s stock after selling 179 shares during the quarter. Gries Financial LLC’s holdings in Walt Disney were worth $230,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Congress Park Capital LLC lifted its stake in Walt Disney by 8.7% during the third quarter. Congress Park Capital LLC now owns 19,408 shares of the entertainment giant’s stock worth $1,831,000 after purchasing an additional 1,557 shares during the last quarter. Webster Bank N. A. lifted its stake in Walt Disney by 1.8% during the third quarter. Webster Bank N. A. now owns 35,893 shares of the entertainment giant’s stock worth $3,386,000 after purchasing an additional 624 shares during the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. lifted its stake in Walt Disney by 9.5% during the third quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 1,330,583 shares of the entertainment giant’s stock worth $125,514,000 after purchasing an additional 115,862 shares during the last quarter. Busey Wealth Management lifted its stake in Walt Disney by 48.3% during the third quarter. Busey Wealth Management now owns 166,963 shares of the entertainment giant’s stock worth $15,749,000 after purchasing an additional 54,396 shares during the last quarter. Finally, Private Ocean LLC lifted its stake in Walt Disney by 4.1% during the third quarter. Private Ocean LLC now owns 3,539 shares of the entertainment giant’s stock worth $333,000 after purchasing an additional 138 shares during the last quarter. Institutional investors and hedge funds own 62.22% of the company’s stock.

Walt Disney Trading Down 1.2 %

Shares of DIS stock opened at $93.20 on Friday. The business’s fifty day moving average price is $102.55 and its 200 day moving average price is $99.80. The Walt Disney Company has a 1-year low of $84.07 and a 1-year high of $144.46. The firm has a market capitalization of $170.26 billion, a PE ratio of 51.21, a P/E/G ratio of 2.29 and a beta of 1.30. The company has a debt-to-equity ratio of 0.45, a current ratio of 0.99 and a quick ratio of 0.93.

Walt Disney (NYSE:DIS – Get Rating) last posted its earnings results on Wednesday, February 8th. The entertainment giant reported $0.99 EPS for the quarter, topping analysts’ consensus estimates of $0.69 by $0.30. The company had revenue of $23.51 billion for the quarter, compared to the consensus estimate of $23.29 billion. Walt Disney had a return on equity of 6.72% and a net margin of 3.93%. Walt Disney’s quarterly revenue was up 7.8% compared to the same quarter last year. During the same period in the previous year, the business earned $1.06 earnings per share. As a group, sell-side analysts forecast that The Walt Disney Company will post 3.98 EPS for the current fiscal year.

Insiders Place Their Bets

In other Walt Disney news, EVP Brent Woodford sold 1,139 shares of the business’s stock in a transaction on Tuesday, February 21st. The stock was sold at an average price of $103.44, for a total transaction of $117,818.16. Following the sale, the executive vice president now directly owns 30,908 shares in the company, valued at $3,197,123.52. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, EVP Brent Woodford sold 1,139 shares of the company’s stock in a transaction on Tuesday, February 21st. The stock was sold at an average price of $103.44, for a total value of $117,818.16. Following the sale, the executive vice president now directly owns 30,908 shares in the company, valued at $3,197,123.52. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Christine M. Mccarthy sold 42,533 shares of the company’s stock in a transaction on Thursday, January 12th. The shares were sold at an average price of $98.46, for a total value of $4,187,799.18. Following the completion of the sale, the chief financial officer now owns 181,830 shares in the company, valued at $17,902,981.80. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 62,921 shares of company stock worth $6,209,132. 0.10% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several research firms recently weighed in on DIS. Citigroup decreased their target price on Walt Disney from $145.00 to $130.00 and set a “buy” rating for the company in a research note on Monday, February 13th. KeyCorp boosted their price objective on Walt Disney from $119.00 to $130.00 and gave the company an “overweight” rating in a research note on Thursday, February 9th. Morgan Stanley reduced their price objective on Walt Disney from $125.00 to $115.00 and set an “overweight” rating for the company in a research note on Monday, December 12th. Truist Financial reduced their price objective on Walt Disney from $125.00 to $120.00 and set a “buy” rating for the company in a research note on Tuesday, January 17th. Finally, Credit Suisse Group boosted their price objective on Walt Disney from $126.00 to $133.00 and gave the company an “outperform” rating in a research note on Thursday, February 9th. One analyst has rated the stock with a sell rating, one has issued a hold rating and twenty have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $128.92.

Walt Disney Profile

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The Walt Disney Co is a diversified international family entertainment and media enterprise. It operates through the following segments: Disney Media and Entertainment Distribution (DMED) and Disney Parks, Experiences and Products (DPEP). The DMED segment encompasses the company’s global film and episodic television content production and distribution activities.