The Walt Disney Company (NYSE:DIS) Shares Bought by Miracle Mile Advisors LLC

Miracle Mile Advisors LLC raised its position in The Walt Disney Company (NYSE:DIS) by 2.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 33,598 shares of the entertainment giant’s stock after acquiring an additional 663 shares during the quarter. Miracle Mile Advisors LLC’s holdings in Walt Disney were worth $4,111,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Waverly Advisors LLC grew its position in shares of Walt Disney by 7.4% during the third quarter. Waverly Advisors LLC now owns 12,010 shares of the entertainment giant’s stock worth $973,000 after buying an additional 823 shares in the last quarter. Stansberry Asset Management LLC acquired a new position in shares of Walt Disney during the third quarter worth about $690,000. AQR Capital Management LLC grew its position in shares of Walt Disney by 490.9% during the third quarter. AQR Capital Management LLC now owns 299,359 shares of the entertainment giant’s stock worth $24,122,000 after buying an additional 248,695 shares in the last quarter. Truist Financial Corp grew its position in shares of Walt Disney by 5.7% during the third quarter. Truist Financial Corp now owns 1,624,504 shares of the entertainment giant’s stock worth $131,666,000 after buying an additional 87,522 shares in the last quarter. Finally, Advisors Asset Management Inc. grew its position in shares of Walt Disney by 10.5% during the third quarter. Advisors Asset Management Inc. now owns 23,343 shares of the entertainment giant’s stock worth $1,892,000 after buying an additional 2,217 shares in the last quarter. 65.71% of the stock is owned by institutional investors and hedge funds.

Walt Disney Trading Down 1.3 %

NYSE:DIS opened at $98.02 on Tuesday. The stock’s 50 day simple moving average is $104.76 and its 200-day simple moving average is $104.74. The Walt Disney Company has a 12-month low of $78.73 and a 12-month high of $123.74. The firm has a market cap of $178.69 billion, a P/E ratio of 106.54, a PEG ratio of 1.23 and a beta of 1.40. The company has a current ratio of 0.75, a quick ratio of 0.69 and a debt-to-equity ratio of 0.38.

Walt Disney (NYSE:DIS) last announced its quarterly earnings data on Tuesday, May 7th. The entertainment giant reported $1.21 earnings per share for the quarter, topping analysts’ consensus estimates of $1.12 by $0.09. Walt Disney had a return on equity of 8.37% and a net margin of 1.90%. The firm had revenue of $22.08 billion for the quarter, compared to analyst estimates of $22.12 billion. During the same quarter in the prior year, the company posted $0.93 earnings per share. Walt Disney’s quarterly revenue was up 1.2% on a year-over-year basis. Equities analysts anticipate that The Walt Disney Company will post 4.76 EPS for the current year.

Insider Buying and Selling

In other Walt Disney news, Director James P. Gorman acquired 20,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 8th. The shares were purchased at an average price of $106.03 per share, with a total value of $2,120,600.00. Following the completion of the acquisition, the director now directly owns 20,467 shares of the company’s stock, valued at approximately $2,170,116.01. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other Walt Disney news, EVP Sonia L. Coleman sold 4,400 shares of the company’s stock in a transaction on Thursday, May 9th. The stock was sold at an average price of $106.00, for a total value of $466,400.00. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director James P. Gorman bought 20,000 shares of the stock in a transaction on Wednesday, May 8th. The stock was purchased at an average cost of $106.03 per share, for a total transaction of $2,120,600.00. Following the acquisition, the director now directly owns 20,467 shares of the company’s stock, valued at approximately $2,170,116.01. The disclosure for this purchase can be found here. 0.10% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several equities research analysts recently weighed in on DIS shares. Guggenheim boosted their target price on Walt Disney from $125.00 to $140.00 and gave the stock a “buy” rating in a research note on Wednesday, April 3rd. Deutsche Bank Aktiengesellschaft boosted their target price on Walt Disney from $125.00 to $130.00 and gave the stock a “buy” rating in a research note on Monday, May 6th. The Goldman Sachs Group started coverage on Walt Disney in a research note on Tuesday, June 25th. They set a “buy” rating and a $125.00 target price for the company. Loop Capital boosted their target price on Walt Disney from $113.00 to $140.00 and gave the stock a “buy” rating in a research note on Monday, May 6th. Finally, Evercore ISI decreased their target price on Walt Disney from $130.00 to $128.00 and set an “outperform” rating for the company in a research note on Wednesday, May 8th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and twenty-two have given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $126.50.

Walt Disney Company Profile

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.