The Walt Disney Company (NYSE:DIS) Stock Position Raised by Mercer Global Advisors Inc. ADV

Mercer Global Advisors Inc. ADV raised its stake in The Walt Disney Company (NYSE:DIS) by 1.2% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 356,820 shares of the entertainment giant’s stock after acquiring an additional 4,256 shares during the period. Mercer Global Advisors Inc. ADV’s holdings in Walt Disney were worth $35,429,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Jennison Associates LLC acquired a new position in shares of Walt Disney during the first quarter valued at $1,490,492,000. Capital World Investors raised its position in shares of Walt Disney by 3,332.4% during the 1st quarter. Capital World Investors now owns 6,267,593 shares of the entertainment giant’s stock worth $766,903,000 after buying an additional 6,084,993 shares in the last quarter. ValueAct Holdings L.P. acquired a new stake in shares of Walt Disney in the 4th quarter worth approximately $459,245,000. Swedbank AB bought a new position in shares of Walt Disney in the first quarter valued at approximately $493,715,000. Finally, Ontario Teachers Pension Plan Board acquired a new position in shares of Walt Disney during the first quarter valued at approximately $425,567,000. 65.71% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on DIS. Needham & Company LLC cut their target price on Walt Disney from $145.00 to $110.00 and set a “buy” rating for the company in a research report on Thursday, August 8th. Raymond James decreased their target price on Walt Disney from $123.00 to $101.00 and set an “outperform” rating for the company in a research note on Thursday, August 8th. Moffett Nathanson dropped their price target on shares of Walt Disney from $130.00 to $125.00 and set a “buy” rating on the stock in a research report on Tuesday, July 2nd. JPMorgan Chase & Co. reduced their price objective on shares of Walt Disney from $135.00 to $125.00 and set an “overweight” rating for the company in a research report on Thursday, August 8th. Finally, Wells Fargo & Company decreased their target price on Walt Disney from $136.00 to $116.00 and set an “overweight” rating on the stock in a report on Thursday, August 8th. Three research analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $117.95.

Insider Transactions at Walt Disney

In other news, Director Calvin Mcdonald acquired 11,756 shares of the stock in a transaction that occurred on Thursday, August 8th. The stock was purchased at an average cost of $85.06 per share, for a total transaction of $999,965.36. Following the completion of the transaction, the director now directly owns 22,313 shares in the company, valued at $1,897,943.78. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. 0.10% of the stock is currently owned by corporate insiders.

Walt Disney Stock Performance

Shares of NYSE:DIS opened at $93.59 on Thursday. The business has a fifty day moving average of $90.80 and a 200-day moving average of $102.16. The firm has a market cap of $170.62 billion, a PE ratio of 101.73, a price-to-earnings-growth ratio of 1.31 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 Walt Disney Company has a twelve month low of $78.73 and a twelve month high of $123.74.

Walt Disney (NYSE:DIS) last announced its earnings results on Wednesday, August 7th. The entertainment giant reported $1.39 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.20 by $0.19. Walt Disney had a net margin of 5.30% and a return on equity of 8.64%. The company had revenue of $23.20 billion for the quarter, compared to analyst estimates of $23.08 billion. During the same period in the prior year, the business earned $1.03 earnings per share. Walt Disney’s quarterly revenue was up 3.9% on a year-over-year basis. On average, equities research analysts predict that The Walt Disney Company will post 4.92 EPS for the current fiscal year.

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.