The Walt Disney Company (NYSE:DIS) Shares Sold by TCV Trust & Wealth Management Inc.

TCV Trust & Wealth Management Inc. decreased its stake in The Walt Disney Company (NYSE:DIS) by 18.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,584 shares of the entertainment giant’s stock after selling 1,275 shares during the period. TCV Trust & Wealth Management Inc.’s holdings in Walt Disney were worth $537,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Bristlecone Advisors LLC lifted its stake in shares of Walt Disney by 3.0% in the third quarter. Bristlecone Advisors LLC now owns 42,462 shares of the entertainment giant’s stock valued at $4,084,000 after purchasing an additional 1,233 shares during the period. DekaBank Deutsche Girozentrale raised its position in Walt Disney by 5.3% during the third quarter. DekaBank Deutsche Girozentrale now owns 1,416,537 shares of the entertainment giant’s stock worth $135,398,000 after acquiring an additional 71,908 shares during the last quarter. Modera Wealth Management LLC raised its position in Walt Disney by 2.6% during the third quarter. Modera Wealth Management LLC now owns 105,663 shares of the entertainment giant’s stock worth $10,164,000 after acquiring an additional 2,657 shares during the last quarter. GHP Investment Advisors Inc. raised its position in Walt Disney by 2.8% during the third quarter. GHP Investment Advisors Inc. now owns 66,531 shares of the entertainment giant’s stock worth $6,400,000 after acquiring an additional 1,782 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC raised its position in Walt Disney by 1.5% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 1,089,798 shares of the entertainment giant’s stock worth $104,828,000 after acquiring an additional 15,925 shares during the last quarter. Institutional investors and hedge funds own 65.71% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on DIS shares. UBS Group cut their target price on shares of Walt Disney from $130.00 to $120.00 and set a “buy” rating for the company in a research report on Thursday, August 8th. Piper Sandler started coverage on shares of Walt Disney in a research report on Wednesday, October 16th. They set a “neutral” rating and a $95.00 target price for the company. JPMorgan Chase & Co. cut their target price on shares of Walt Disney from $135.00 to $125.00 and set an “overweight” rating for the company in a research report on Thursday, August 8th. Needham & Company LLC restated a “buy” rating and set a $110.00 target price on shares of Walt Disney in a research report on Wednesday. Finally, Bank of America lowered their price target on shares of Walt Disney from $145.00 to $120.00 and set a “buy” rating for the company in a report on Thursday, August 8th. Five 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 data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $118.05.

Insiders Place Their Bets

In other news, Director Calvin Mcdonald bought 11,756 shares of Walt Disney stock in a transaction dated Thursday, August 8th. The shares were acquired at an average cost of $85.06 per share, with a total value of $999,965.36. Following the completion of the transaction, 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 purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.10% of the stock is owned by insiders.

Walt Disney Price Performance

Walt Disney stock opened at $95.03 on Friday. The Walt Disney Company has a 1 year low of $79.23 and a 1 year high of $123.74. The firm has a 50 day moving average price of $92.61 and a 200 day moving average price of $98.12. The company 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 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 released its quarterly earnings data 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 net margin of 5.30% and a return on equity of 8.64%. The company had revenue of $23.20 billion during the quarter, compared to the consensus estimate of $23.08 billion. During the same period in the previous year, the firm earned $1.03 earnings per share. Walt Disney’s revenue for the quarter was up 3.9% on a year-over-year basis. Sell-side analysts predict that The Walt Disney Company will post 4.92 earnings per share for the current year.

Walt Disney 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.