NorthRock Partners LLC Has $1.16 Million Stock Holdings in The Walt Disney Company (NYSE:DIS)

by · The Cerbat Gem

NorthRock Partners LLC cut its stake in The Walt Disney Company (NYSE:DIS – Free Report) by 13.4% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 12,051 shares of the entertainment giant’s stock after selling 1,859 shares during the period. NorthRock Partners LLC’s holdings in Walt Disney were worth $1,159,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of DIS. Quent Capital LLC grew its position in Walt Disney by 4.4% during the 1st quarter. Quent Capital LLC now owns 7,766 shares of the entertainment giant’s stock worth $950,000 after acquiring an additional 327 shares during the last quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors increased its position in Walt Disney by 78.2% in the 1st quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors now owns 6,113 shares of the entertainment giant’s stock valued at $748,000 after acquiring an additional 2,683 shares in the last quarter. Larson Financial Group LLC raised its stake in shares of Walt Disney by 4.3% in the first quarter. Larson Financial Group LLC now owns 9,833 shares of the entertainment giant’s stock worth $1,203,000 after acquiring an additional 408 shares during the last quarter. Catalina Capital Group LLC bought a new stake in shares of Walt Disney during the first quarter valued at approximately $702,000. Finally, VeraBank N.A. bought a new position in Walt Disney in the 1st quarter worth approximately $229,000. Institutional investors own 65.71% of the company’s stock.

Walt Disney Stock Performance

Shares of NYSE DIS traded up $0.45 during trading hours on Tuesday, reaching $96.24. 950,001 shares of the stock were exchanged, compared to its average volume of 10,722,563. The firm has a market capitalization of $174.54 billion, a price-to-earnings ratio of 36.84, a P/E/G ratio of 1.52 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. The stock’s fifty day simple moving average is $93.24 and its 200 day simple moving average is $97.22. The Walt Disney Company has a 52 week low of $83.59 and a 52 week high of $123.74.

Walt Disney (NYSE:DIS – Get Free Report) last released its quarterly earnings results 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. The firm had revenue of $23.20 billion during the quarter, compared to analyst estimates of $23.08 billion. Walt Disney had a net margin of 5.30% and a return on equity of 8.64%. The company’s revenue was up 3.9% compared to the same quarter last year. During the same quarter last year, the business earned $1.03 EPS. Sell-side analysts predict that The Walt Disney Company will post 4.93 EPS for the current year.

Insider Activity

In other news, Director Calvin Mcdonald purchased 11,756 shares of the company’s stock in a transaction that occurred on 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 purchase, the director now owns 22,313 shares in the company, valued at $1,897,943.78. This represents a 100.00 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 0.10% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently commented on DIS. Bank of America lowered their target price on Walt Disney from $145.00 to $120.00 and set a “buy” rating for the company in a research note on Thursday, August 8th. Deutsche Bank Aktiengesellschaft lowered their target price on shares of Walt Disney from $130.00 to $115.00 and set a “buy” rating for the company in a report on Thursday, August 8th. UBS Group decreased their price objective on Walt Disney from $130.00 to $120.00 and set a “buy” rating for the company in a research note on Thursday, August 8th. Piper Sandler started coverage on Walt Disney in a report on Wednesday, October 16th. They set a “neutral” rating and a $95.00 target price on the stock. Finally, Raymond James reaffirmed a “market perform” rating on shares of Walt Disney in a research note on Tuesday, October 1st. Five investment 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. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $118.05.

Check Out Our Latest Analysis on DIS

Walt Disney Company Profile

(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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