Iron Financial LLC trimmed its stake in shares of Walt Disney Co (NYSE:DIS) by 97.1% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,217 shares of the entertainment giant’s stock after selling 106,897 shares during the quarter. Iron Financial LLC’s holdings in Walt Disney were worth $376,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Moody Aldrich Partners LLC purchased a new position in shares of Walt Disney during the 2nd quarter worth approximately $71,061,000. Canton Hathaway LLC purchased a new position in shares of Walt Disney during the 3rd quarter worth approximately $107,000. Live Your Vision LLC raised its stake in shares of Walt Disney by 91.6% during the 2nd quarter. Live Your Vision LLC now owns 1,046 shares of the entertainment giant’s stock worth $113,000 after buying an additional 500 shares in the last quarter. Trilogy Capital Inc. purchased a new position in shares of Walt Disney during the 1st quarter worth approximately $107,000. Finally, CSat Investment Advisory L.P. purchased a new position in shares of Walt Disney during the 2nd quarter worth approximately $112,000. 62.64% of the stock is owned by institutional investors.

Walt Disney stock opened at $111.87 on Wednesday. The company has a quick ratio of 0.86, a current ratio of 0.94 and a debt-to-equity ratio of 0.32. The firm has a market cap of $171.66 billion, a price-to-earnings ratio of 15.80, a P/E/G ratio of 1.73 and a beta of 1.17. Walt Disney Co has a fifty-two week low of $97.68 and a fifty-two week high of $120.20.

Walt Disney (NYSE:DIS) last released its quarterly earnings results on Thursday, November 8th. The entertainment giant reported $1.48 earnings per share for the quarter, topping the consensus estimate of $1.31 by $0.17. The company had revenue of $14.30 billion during the quarter, compared to the consensus estimate of $13.76 billion. Walt Disney had a return on equity of 21.43% and a net margin of 21.20%. Walt Disney’s revenue was up 11.9% compared to the same quarter last year. During the same quarter last year, the business posted $1.07 earnings per share. On average, research analysts anticipate that Walt Disney Co will post 7.08 EPS for the current year.

DIS has been the subject of several research analyst reports. ValuEngine raised Walt Disney from a “hold” rating to a “buy” rating in a research note on Friday, October 19th. Royal Bank of Canada reaffirmed a “buy” rating and issued a $140.00 price objective on shares of Walt Disney in a research note on Wednesday, August 8th. Bank of America set a $144.00 price objective on Walt Disney and gave the company a “buy” rating in a research note on Wednesday, August 8th. B. Riley dropped their price objective on Walt Disney from $123.00 to $121.00 and set a “buy” rating for the company in a research note on Wednesday, August 8th. Finally, Loop Capital raised their price objective on Walt Disney to $130.00 and gave the company a “buy” rating in a research note on Friday, November 9th. One analyst has rated the stock with a sell rating, eight have given a hold rating and twelve have given a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $121.54.

In other Walt Disney news, EVP Brent Woodford sold 961 shares of the firm’s stock in a transaction on Monday, October 1st. The stock was sold at an average price of $117.06, for a total transaction of $112,494.66. Following the completion of the transaction, the executive vice president now owns 25,737 shares of the company’s stock, valued at $3,012,773.22. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Chairman Robert A. Iger sold 47,733 shares of the firm’s stock in a transaction on Friday, November 9th. The stock was sold at an average price of $120.00, for a total value of $5,727,960.00. The disclosure for this sale can be found here. Insiders have sold 78,838 shares of company stock valued at $9,391,319 in the last three months. 0.38% of the stock is currently owned by company insiders.

ILLEGAL ACTIVITY WARNING: “Iron Financial LLC Sells 106,897 Shares of Walt Disney Co (DIS)” was published by Daily Political and is the sole property of of Daily Political. If you are viewing this story on another publication, it was illegally stolen and reposted in violation of United States & international copyright & trademark laws. The legal version of this story can be accessed at https://www.dailypolitical.com/2018/11/21/iron-financial-llc-sells-106897-shares-of-walt-disney-co-dis.html.

About Walt Disney

The Walt Disney Company, together with its subsidiaries, operates as an entertainment company worldwide. The company's Media Networks segment operates cable programming services under the brand ESPN, Disney, and Freeform; broadcast businesses, which include the ABC TV Network and eight owned television stations; radio businesses consisting of the ESPN Radio network; and the Radio Disney network.

Recommended Story: How is a Moving Average Calculated?

Want to see what other hedge funds are holding DIS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Walt Disney Co (NYSE:DIS).

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

Receive News & Ratings for Walt Disney Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Walt Disney and related companies with MarketBeat.com's FREE daily email newsletter.