The Walt Disney Company $DIS Stock Position Reduced by Boston Trust Walden Corp

Key Points

• Boston Trust Walden cut its Disney stake by 11.6% in the third quarter, selling 35,692 shares and retaining 272,016 shares valued at about $28.5 million.
• Disney’s latest reported quarter showed EPS of $2.06, beating the $1.86 consensus estimate, while revenue of $25.25 billion fell slightly short of expectations but rose 6.8% year over year.
• Analysts’ consensus rating was Moderate Buy, with an average price target of $128.16; the article also reports that insiders sold 31,018 shares worth about $3.38 million in the last quarter.

Boston Trust Walden Corp lessened its holdings in The Walt Disney Company (NYSE:DIS - Free Report) by 11.6% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 272,016 shares of the entertainment giant's stock after selling 35,692 shares during the period. Boston Trust Walden Corp's holdings in Walt Disney were worth $28,534,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Advisors Management Group Inc. ADV lifted its holdings in shares of Walt Disney by 4.6% in the 1st quarter. Advisors Management Group Inc. ADV now owns 2,266 shares of the entertainment giant's stock valued at $218,000 after acquiring an additional 100 shares during the last quarter. Providence Wealth Advisors LLC boosted its position in Walt Disney by 1.1% in the 1st quarter. Providence Wealth Advisors LLC now owns 9,192 shares of the entertainment giant's stock valued at $888,000 after buying an additional 100 shares during the period. Guardian Partners Inc. grew its stake in Walt Disney by 0.3% in the first quarter. Guardian Partners Inc. now owns 32,991 shares of the entertainment giant's stock worth $3,188,000 after purchasing an additional 101 shares in the last quarter. Chapin Davis Inc. grew its position in shares of Walt Disney by 0.3% during the 2nd quarter. Chapin Davis Inc. now owns 32,101 shares of the entertainment giant's stock worth $3,090,000 after buying an additional 103 shares in the last quarter. Finally, TOWER TRUST & INVESTMENT Co raised its holdings in shares of Walt Disney by 1.6% in the 3rd quarter. TOWER TRUST & INVESTMENT Co now owns 6,435 shares of the entertainment giant's stock valued at $675,000 after purchasing an additional 104 shares in the last quarter. Institutional investors own 65.71% of the company's stock.

Insider Transactions at Walt Disney

In other Walt Disney news, EVP Brent Woodford sold 3,618 shares of Walt Disney stock in a transaction on Wednesday, November 4th. The shares were sold at an average price of $117.00, for a total value of $423,306.00. Following the transaction, the executive vice president directly owned 62,995 shares in the company, valued at approximately $7,370,415. The trade was a 5.43% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Paul M. Roeder sold 3,596 shares of the business's stock in a transaction dated Wednesday, August 19th. The shares were sold at an average price of $106.32, for a total value of $382,326.72. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 31,018 shares of company stock worth $3,380,391 in the last quarter. Insiders own 0.17% of the company's stock.

Walt Disney Price Performance

DIS opened at $117.40 on Friday. The stock's 50-day moving average price is $107.86 and its 200 day moving average price is $103.64. The company has a current ratio of 0.71, a quick ratio of 0.65 and a debt-to-equity ratio of 0.32. The Walt Disney Company has a 12-month low of $92.18 and a 12-month high of $120.80. The firm has a market cap of $202.71 billion, a price-to-earnings ratio of 18.67, a PEG ratio of 1.38 and a beta of 1.44.

Walt Disney (NYSE:DIS - Get Free Report) last announced its quarterly earnings data on Wednesday, August 5th. The entertainment giant reported $2.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.86 by $0.20. Walt Disney had a return on equity of 9.90% and a net margin of 8.70%. The business had revenue of $25.25 billion for the quarter, compared to analysts' expectations of $25.39 billion. During the same period last year, the firm earned $1.61 earnings per share. The company's revenue for the quarter was up 6.8% compared to the same quarter last year. As a group, sell-side analysts expect that The Walt Disney Company will post 6.91 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on DIS shares. Raymond James Financial dropped their price objective on Walt Disney from $120.00 to $119.00 and set an "outperform" rating on the stock in a research report on Monday, October 5th. Argus reiterated a "buy" rating and set a $134.00 price target on shares of Walt Disney in a research note on Thursday, August 6th. Guggenheim reissued a "buy" rating and set a $120.00 target price on shares of Walt Disney in a report on Monday, September 28th. Barclays increased their price target on shares of Walt Disney from $110.00 to $115.00 and gave the stock an "overweight" rating in a report on Thursday, August 6th. Finally, Sanford C. Bernstein restated an "outperform" rating on shares of Walt Disney in a research report on Tuesday, October 6th. One research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, Walt Disney has a consensus rating of "Moderate Buy" and an average price target of $128.16.

Key Walt Disney News

Here are the key news stories impacting Walt Disney this week:

• Positive Sentiment: Disney is reportedly considering thousands of job cuts as managers seek savings of up to 20%. If the company achieves those efficiencies while preserving its businesses, lower costs—and planned reinvestment in areas such as parks, cruises and programming—could support profitability. Disney Is Planning Thousands of Layoffs in Search of 20% Cost Savings
• Neutral Sentiment: EVP Brent Woodford sold 3,618 shares under a pre-arranged Rule 10b5-1 trading plan and retained 62,995 shares. The planned sale may be a limited signal of his view of the stock. SEC Form 4 filing
• Negative Sentiment: Disney employees pressed management for details at a town hall about when another round of cuts might happen. The reported scale of the reductions and uncertainty about timing could unsettle staff and raise investor concerns about execution and potential effects on content or guest experience. Disney employees press management for details on possible layoffs

Walt Disney Profile

The Walt Disney Company NYSE: DIS is a global entertainment and media company that develops, produces and distributes branded content through film studios, television networks and streaming services. Its portfolio includes Disney, Pixar, Marvel, Star Wars, National Geographic and other entertainment brands, with distribution through services such as Disney+ and Hulu.

Disney also operates ESPN and related sports media businesses, as well as theme parks, resorts, cruise lines and vacation experiences.

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