MQS Management LLC Acquires Shares of 4,825 The Walt Disney Company (NYSE:DIS)

MQS Management LLC bought a new position in The Walt Disney Company (NYSE:DIS) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 4,825 shares of the entertainment giant’s stock, valued at approximately $479,000.

A number of other large investors also recently modified their holdings of the stock. ESL Trust Services LLC acquired a new position in Walt Disney during the 1st quarter worth $31,000. Gold Investment Management Ltd. bought a new position in Walt Disney in the fourth quarter valued at about $28,000. Red Tortoise LLC boosted its holdings in Walt Disney by 141.4% in the first quarter. Red Tortoise LLC now owns 367 shares of the entertainment giant’s stock valued at $45,000 after acquiring an additional 215 shares during the last quarter. Frank Rimerman Advisors LLC acquired a new stake in Walt Disney in the fourth quarter worth about $37,000. Finally, O Brien Wealth Partners LLC bought a new stake in Walt Disney during the 1st quarter worth about $51,000. 65.71% of the stock is currently owned by institutional investors and hedge funds.

Walt Disney Trading Down 0.1 %

Shares of NYSE:DIS opened at $93.46 on Friday. The company’s 50-day moving average price is $90.73 and its two-hundred day moving average price is $102.10. The Walt Disney Company has a one year low of $78.73 and a one year high of $123.74. 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 stock has a market capitalization of $170.38 billion, a PE ratio of 101.59, a price-to-earnings-growth ratio of 1.31 and a beta of 1.40.

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

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on DIS shares. Needham & Company LLC dropped 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. Barclays cut their price target on Walt Disney from $130.00 to $105.00 and set an “overweight” rating on the stock in a research note on Thursday, August 8th. Raymond James decreased their price objective 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. Loop Capital cut their target price on Walt Disney from $139.00 to $130.00 and set a “buy” rating on the stock in a research note on Tuesday, July 30th. Finally, Bank of America decreased their target price on Walt Disney from $145.00 to $120.00 and set a “buy” rating for the company in a research report on Thursday, August 8th. Three investment analysts have rated the stock with a hold rating and twenty have given a buy rating to the company. Based on data from MarketBeat.com, Walt Disney currently has a consensus rating of “Moderate Buy” and an average target price of $118.43.

Insider Activity

In other news, Director Calvin Mcdonald purchased 11,756 shares of the company’s stock in a transaction on Thursday, August 8th. The shares were purchased at an average cost of $85.06 per share, with a total value of $999,965.36. Following the completion of the transaction, the director now owns 22,313 shares of the company’s stock, valued at approximately $1,897,943.78. The transaction was disclosed in a filing with the SEC, which is available through this link. 0.10% of the stock is currently owned by insiders.

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.