The Walt Disney Company (NYSE:DIS) Shares Sold by Vestmark Advisory Solutions Inc.

Posted by Defense World Staff on Apr 1st, 2023

Vestmark Advisory Solutions Inc. decreased its position in The Walt Disney Company (NYSE:DIS – Get Rating) by 29.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 21,312 shares of the entertainment giant’s stock after selling 8,986 shares during the period. Vestmark Advisory Solutions Inc.’s holdings in Walt Disney were worth $1,852,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in DIS. TD Capital Management LLC purchased a new position in Walt Disney in the 3rd quarter worth $29,000. Worth Asset Management LLC acquired a new stake in Walt Disney in the 1st quarter worth about $29,000. Coston McIsaac & Partners acquired a new stake in Walt Disney in the 2nd quarter worth about $38,000. IAG Wealth Partners LLC boosted its holdings in Walt Disney by 167.5% in the 3rd quarter. IAG Wealth Partners LLC now owns 412 shares of the entertainment giant’s stock worth $39,000 after buying an additional 258 shares during the last quarter. Finally, Bell Investment Advisors Inc boosted its holdings in Walt Disney by 86.5% in the 3rd quarter. Bell Investment Advisors Inc now owns 567 shares of the entertainment giant’s stock worth $54,000 after buying an additional 263 shares during the last quarter. Hedge funds and other institutional investors own 62.22% of the company’s stock.

Wall Street Analyst Weigh In

DIS has been the topic of several research analyst reports. Citigroup lowered their price objective on Walt Disney from $145.00 to $130.00 and set a “buy” rating on the stock in a report on Monday, February 13th. Huber Research started coverage on Walt Disney in a report on Tuesday, January 17th. They issued an “overweight” rating on the stock. StockNews.com upgraded Walt Disney from a “sell” rating to a “hold” rating in a report on Friday, March 24th. Bank of America boosted their target price on Walt Disney from $115.00 to $135.00 and gave the stock a “buy” rating in a report on Thursday, February 9th. Finally, Rosenblatt Securities upped their price objective on Walt Disney from $120.00 to $129.00 and gave the company a “buy” rating in a report on Thursday, February 9th. Two equities research analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $128.92.

Walt Disney Stock Performance

NYSE:DIS opened at $100.13 on Friday. The company has a fifty day moving average of $102.04 and a 200-day moving average of $98.65. The Walt Disney Company has a twelve month low of $84.07 and a twelve month high of $144.46. The company has a quick ratio of 0.93, a current ratio of 0.99 and a debt-to-equity ratio of 0.45. The firm has a market capitalization of $182.92 billion, a P/E ratio of 55.02, a P/E/G ratio of 2.38 and a beta of 1.30.

Walt Disney (NYSE:DIS – Get Rating) last released its earnings results on Wednesday, February 8th. The entertainment giant reported $0.99 EPS for the quarter, topping analysts’ consensus estimates of $0.69 by $0.30. Walt Disney had a return on equity of 6.72% and a net margin of 3.93%. The company had revenue of $23.51 billion for the quarter, compared to analysts’ expectations of $23.29 billion. During the same period in the previous year, the business posted $1.06 EPS. The business’s revenue for the quarter was up 7.8% compared to the same quarter last year. As a group, sell-side analysts anticipate that The Walt Disney Company will post 3.98 EPS for the current year.

Insider Buying and Selling

In related news, EVP Brent Woodford sold 1,139 shares of the firm’s stock in a transaction that occurred on Tuesday, March 21st. The stock was sold at an average price of $95.21, for a total transaction of $108,444.19. Following the transaction, the executive vice president now directly owns 30,283 shares in the company, valued at approximately $2,883,244.43. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In related news, EVP Brent Woodford sold 1,139 shares of the company’s stock in a transaction on Tuesday, March 21st. The stock was sold at an average price of $95.21, for a total value of $108,444.19. Following the sale, the executive vice president now directly owns 30,283 shares of the company’s stock, valued at $2,883,244.43. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CFO Christine M. Mccarthy sold 42,533 shares of the company’s stock in a transaction on Thursday, January 12th. The stock was sold at an average price of $98.46, for a total value of $4,187,799.18. Following the completion of the sale, the chief financial officer now directly owns 181,830 shares in the company, valued at $17,902,981.80. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 64,060 shares of company stock worth $6,317,576. Corporate 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.