Clifford Swan Investment Counsel LLC Trims Stock Position in The Walt Disney Company (NYSE:DIS)

Clifford Swan Investment Counsel LLC lessened its position in shares of The Walt Disney Company (NYSE:DISGet Rating) by 4.4% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 172,706 shares of the entertainment giant’s stock after selling 7,901 shares during the quarter. Clifford Swan Investment Counsel LLC’s holdings in Walt Disney were worth $16,291,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Marks Group Wealth Management Inc raised its holdings in shares of Walt Disney by 2.4% in the second quarter. Marks Group Wealth Management Inc now owns 3,603 shares of the entertainment giant’s stock valued at $340,000 after buying an additional 84 shares during the last quarter. Lee Financial Co raised its holdings in shares of Walt Disney by 5.9% in the second quarter. Lee Financial Co now owns 1,623 shares of the entertainment giant’s stock valued at $154,000 after buying an additional 91 shares during the last quarter. Copperwynd Financial LLC raised its holdings in shares of Walt Disney by 2.3% in the second quarter. Copperwynd Financial LLC now owns 4,166 shares of the entertainment giant’s stock valued at $393,000 after buying an additional 93 shares during the last quarter. Cumberland Partners Ltd raised its holdings in shares of Walt Disney by 0.7% in the second quarter. Cumberland Partners Ltd now owns 13,193 shares of the entertainment giant’s stock valued at $1,245,000 after buying an additional 95 shares during the last quarter. Finally, Lineweaver Wealth Advisors LLC raised its holdings in shares of Walt Disney by 1.4% in the third quarter. Lineweaver Wealth Advisors LLC now owns 7,113 shares of the entertainment giant’s stock valued at $671,000 after buying an additional 96 shares during the last quarter. Hedge funds and other institutional investors own 62.22% of the company’s stock.

Walt Disney Price Performance

Shares of DIS stock traded down $1.07 during trading hours on Wednesday, hitting $104.93. The company’s stock had a trading volume of 1,479,149 shares, compared to its average volume of 11,507,959. The business has a fifty day moving average of $94.07 and a 200-day moving average of $101.01. The stock has a market cap of $191.35 billion, a price-to-earnings ratio of 61.63, a P/E/G ratio of 2.21 and a beta of 1.22. The Walt Disney Company has a twelve month low of $84.07 and a twelve month high of $157.50. The company has a current ratio of 1.00, a quick ratio of 0.94 and a debt-to-equity ratio of 0.46.

Walt Disney (NYSE:DISGet Rating) last released its quarterly earnings results on Tuesday, November 8th. The entertainment giant reported $0.30 EPS for the quarter, missing the consensus estimate of $0.50 by ($0.20). The business had revenue of $20.15 billion during the quarter, compared to analyst estimates of $21.10 billion. Walt Disney had a net margin of 3.80% and a return on equity of 6.96%. As a group, equities research analysts anticipate that The Walt Disney Company will post 3.97 EPS for the current year.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the stock. Cowen reduced their target price on shares of Walt Disney from $124.00 to $94.00 in a report on Wednesday, November 9th. Credit Suisse Group reduced their target price on shares of Walt Disney from $157.00 to $126.00 and set an “outperform” rating for the company in a report on Wednesday, November 9th. Rosenblatt Securities dropped their price target on shares of Walt Disney from $134.00 to $120.00 and set a “buy” rating on the stock in a research note on Wednesday, November 9th. JPMorgan Chase & Co. dropped their price target on shares of Walt Disney from $145.00 to $135.00 and set an “overweight” rating on the stock in a research note on Wednesday, November 9th. Finally, KeyCorp dropped their price target on shares of Walt Disney from $143.00 to $119.00 and set an “overweight” rating on the stock in a research note on Wednesday, November 9th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and twenty have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $128.74.

Insider Activity at Walt Disney

In related news, CFO Christine M. Mccarthy sold 42,533 shares of the company’s stock in a transaction that occurred on Thursday, January 12th. The shares were sold at an average price of $98.46, for a total transaction of $4,187,799.18. Following the transaction, the chief financial officer now owns 181,830 shares of the company’s stock, valued at $17,902,981.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other Walt Disney news, EVP Brent Woodford sold 18,110 shares of the stock in a transaction that occurred on Thursday, January 12th. The shares were sold at an average price of $98.46, for a total transaction of $1,783,110.60. Following the transaction, the executive vice president now owns 33,186 shares of the company’s stock, valued at $3,267,493.56. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CFO Christine M. Mccarthy sold 42,533 shares of the stock in a transaction that occurred on Thursday, January 12th. The stock was sold at an average price of $98.46, for a total transaction of $4,187,799.18. Following the transaction, the chief financial officer now directly owns 181,830 shares in the company, valued at approximately $17,902,981.80. The disclosure for this sale can be found here. Insiders own 0.10% of the company’s stock.

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.

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Institutional Ownership by Quarter for Walt Disney (NYSE:DIS)

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