Fernwood Investment Management LLC Sells 1,300 Shares of The Walt Disney Company (NYSE:DIS)

by · The Cerbat Gem

Fernwood Investment Management LLC lowered its holdings in The Walt Disney Company (NYSE:DIS – Free Report) by 10.9% in the third quarter, HoldingsChannel.com reports. The firm owned 10,628 shares of the entertainment giant’s stock after selling 1,300 shares during the quarter. Fernwood Investment Management LLC’s holdings in Walt Disney were worth $1,022,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently made changes to their positions in DIS. ESL Trust Services LLC acquired a new position in Walt Disney in the 1st quarter valued at $31,000. William B. Walkup & Associates Inc. bought a new position in shares of Walt Disney in the second quarter worth $32,000. Mascoma Wealth Management LLC raised its stake 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 purchasing an additional 122 shares in the last quarter. First PREMIER Bank lifted its position in Walt Disney by 98.1% during the third quarter. First PREMIER Bank now owns 517 shares of the entertainment giant’s stock worth $50,000 after purchasing an additional 256 shares during the period. Finally, Iron Horse Wealth Management LLC grew its stake in Walt Disney by 148.7% during the second quarter. Iron Horse Wealth Management LLC now owns 557 shares of the entertainment giant’s stock worth $55,000 after buying an additional 333 shares in the last quarter. Institutional investors and hedge funds own 65.71% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on DIS. Raymond James restated a “market perform” rating on shares of Walt Disney in a research report on Tuesday, October 1st. Needham & Company LLC reaffirmed a “buy” rating and issued a $110.00 target price on shares of Walt Disney in a report on Wednesday, October 23rd. 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 research note on Tuesday, July 30th. Wells Fargo & Company dropped their price objective on Walt Disney from $136.00 to $116.00 and set an “overweight” rating for the company in a research report on Thursday, August 8th. Finally, Barclays decreased their target price on Walt Disney from $130.00 to $105.00 and set an “overweight” rating on the stock in a research report on Thursday, August 8th. Five research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $118.05.

Get Our Latest Research Report on Walt Disney

Insider Transactions at Walt Disney

In other news, Director Calvin Mcdonald bought 11,756 shares of the stock in a transaction that occurred on Thursday, August 8th. The stock was acquired at an average price of $85.06 per share, with a total value of $999,965.36. Following the completion of the purchase, the director now directly owns 22,313 shares of the company’s stock, valued at approximately $1,897,943.78. This represents a 100.00 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available at this link. Corporate insiders own 0.10% of the company’s stock.

Walt Disney Trading Down 0.4 %

DIS traded down $0.39 during midday trading on Friday, hitting $95.81. 7,944,869 shares of the company were exchanged, compared to its average volume of 7,666,039. The firm’s 50 day moving average price is $93.16 and its 200-day moving average price is $97.45. The Walt Disney Company has a 1-year low of $81.82 and a 1-year high of $123.74. The firm has a market capitalization of $173.76 billion, a P/E ratio of 36.85, a P/E/G ratio of 1.53 and a beta of 1.40. The company has a quick ratio of 0.66, a current ratio of 0.72 and a debt-to-equity ratio of 0.38.

Walt Disney (NYSE:DIS – Get Free Report) last posted its quarterly earnings data 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%. The firm’s quarterly revenue was up 3.9% on a year-over-year basis. During the same period in the previous year, the firm earned $1.03 earnings per share. As a group, equities analysts forecast that The Walt Disney Company will post 4.93 EPS for the current fiscal year.

About Walt Disney

(Free Report)

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.

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