Brighton Jones LLC Acquires 1,778 Shares of The Walt Disney Company (NYSE:DIS)

Brighton Jones LLC increased its holdings in The Walt Disney Company (NYSE:DIS) by 6.8% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 28,076 shares of the entertainment giant’s stock after acquiring an additional 1,778 shares during the quarter. Brighton Jones LLC’s holdings in Walt Disney were worth $2,788,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of DIS. Gryphon Financial Partners LLC bought a new stake in Walt Disney during the 4th quarter valued at about $603,000. CreativeOne Wealth LLC increased its stake in Walt Disney by 20.1% during the 4th quarter. CreativeOne Wealth LLC now owns 8,128 shares of the entertainment giant’s stock valued at $734,000 after purchasing an additional 1,358 shares in the last quarter. Assetmark Inc. increased its stake in Walt Disney by 100.0% during the 4th quarter. Assetmark Inc. now owns 30,298 shares of the entertainment giant’s stock valued at $2,736,000 after purchasing an additional 15,146 shares in the last quarter. Tidemark LLC bought a new stake in Walt Disney during the 4th quarter valued at about $111,000. Finally, Frazier Financial Advisors LLC bought a new stake in Walt Disney during the 4th quarter valued at about $85,000. 65.71% of the stock is currently owned by institutional investors.

Walt Disney Price Performance

Shares of NYSE:DIS opened at $93.46 on Friday. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.72 and a quick ratio of 0.66. The Walt Disney Company has a 1-year low of $78.73 and a 1-year high of $123.74. The company has a market capitalization of $170.38 billion, a P/E ratio of 101.59, a P/E/G ratio of 1.31 and a beta of 1.40. The firm’s 50 day simple moving average is $90.73 and its two-hundred day simple moving average is $102.10.

Walt Disney (NYSE:DIS) last released its earnings results on Wednesday, August 7th. The entertainment giant reported $1.39 EPS for the quarter, topping the consensus estimate of $1.20 by $0.19. Walt Disney had a net margin of 5.30% and a return on equity of 8.64%. The firm had revenue of $23.20 billion for the quarter, compared to the consensus estimate of $23.08 billion. During the same quarter in the previous year, the firm earned $1.03 earnings per share. The company’s quarterly revenue was up 3.9% compared to the same quarter last year. Research analysts expect that The Walt Disney Company will post 4.92 EPS for the current fiscal year.

Insider Buying and Selling at Walt Disney

In other news, Director Calvin Mcdonald acquired 11,756 shares of the business’s stock in a transaction on Thursday, August 8th. The shares were acquired at an average price 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 of the company’s stock, valued at approximately $1,897,943.78. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 0.10% of the company’s stock.

Analyst Ratings Changes

A number of analysts have weighed in on the stock. Bank of America reduced their price objective on shares of Walt Disney from $145.00 to $120.00 and set a “buy” rating for the company in a research note on Thursday, August 8th. Raymond James reduced their price target on shares of Walt Disney from $123.00 to $101.00 and set an “outperform” rating for the company in a research note on Thursday, August 8th. Evercore ISI reduced their price target on shares of Walt Disney from $128.00 to $105.00 and set an “outperform” rating for the company in a research note on Thursday, August 8th. The Goldman Sachs Group initiated coverage on shares of Walt Disney in a research note on Tuesday, June 25th. They issued a “buy” rating and a $125.00 price target for the company. Finally, Needham & Company LLC reduced their price target on shares of Walt Disney from $145.00 to $110.00 and set a “buy” rating for the company in a research note on Thursday, August 8th. Three 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, the company presently has an average rating of “Moderate Buy” and a consensus price target of $118.43.

Walt Disney 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.