Kavar Capital Partners Group LLC Cuts Position in The Walt Disney Company (NYSE:DIS)

Kavar Capital Partners Group LLC trimmed its position in The Walt Disney Company (NYSE:DIS) by 7.3% during the third quarter, HoldingsChannel.com reports. The firm owned 27,475 shares of the entertainment giant’s stock after selling 2,151 shares during the quarter. Kavar Capital Partners Group LLC’s holdings in Walt Disney were worth $2,643,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Vaughan Nelson Investment Management L.P. raised its holdings in shares of Walt Disney by 84.6% in the 1st quarter. Vaughan Nelson Investment Management L.P. now owns 2,000,267 shares of the entertainment giant’s stock worth $244,754,000 after purchasing an additional 916,772 shares during the period. Jennison Associates LLC purchased a new position in shares of Walt Disney in the 1st quarter worth about $1,490,492,000. Mirae Asset Global Investments Co. Ltd. raised its holdings in shares of Walt Disney by 4.2% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 556,658 shares of the entertainment giant’s stock worth $68,113,000 after purchasing an additional 22,568 shares during the period. Nordea Investment Management AB raised its holdings in shares of Walt Disney by 555.9% during the 1st quarter. Nordea Investment Management AB now owns 956,788 shares of the entertainment giant’s stock valued at $117,599,000 after buying an additional 810,923 shares during the period. Finally, Arlington Financial Advisors LLC raised its holdings in shares of Walt Disney by 456.9% during the 1st quarter. Arlington Financial Advisors LLC now owns 33,462 shares of the entertainment giant’s stock valued at $4,094,000 after buying an additional 27,453 shares during the period. 65.71% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently commented on DIS shares. Morgan Stanley dropped their target price on Walt Disney from $130.00 to $110.00 and set an “overweight” rating on the stock in a report on Monday, August 5th. Barclays dropped their target price on Walt Disney from $130.00 to $105.00 and set an “overweight” rating on the stock in a report on Thursday, August 8th. JPMorgan Chase & Co. dropped their target price on Walt Disney from $135.00 to $125.00 and set an “overweight” rating on the stock in a report on Thursday, August 8th. UBS Group dropped their target price on Walt Disney from $130.00 to $120.00 and set a “buy” rating on the stock in a report on Thursday, August 8th. Finally, Deutsche Bank Aktiengesellschaft dropped their target price on Walt Disney from $130.00 to $115.00 and set a “buy” rating on the stock in a report on Thursday, August 8th. Five 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 stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $118.05.

Insider Buying and Selling

In related news, Director Calvin Mcdonald purchased 11,756 shares of the business’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 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 position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.10% of the company’s stock.

Walt Disney Price Performance

Shares of DIS opened at $95.03 on Friday. The firm has a market cap of $173.24 billion, a price-to-earnings ratio of 103.29, a PEG ratio of 1.49 and a beta of 1.40. The stock has a 50 day moving average of $92.61 and a 200-day moving average of $98.12. The company has a current ratio of 0.72, a quick ratio of 0.66 and a debt-to-equity ratio of 0.38. The Walt Disney Company has a 52 week low of $79.23 and a 52 week high of $123.74.

Walt Disney (NYSE:DIS) last issued 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. The company had revenue of $23.20 billion during 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%. The business’s revenue was up 3.9% on a year-over-year basis. During the same quarter last year, the firm earned $1.03 EPS. As a group, analysts forecast 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.