Sprucegrove Investment Management Ltd. Has $24.16 Million Stake in The Walt Disney Company (NYSE:DIS)

Sprucegrove Investment Management Ltd. boosted its position in shares of The Walt Disney Company (NYSE:DIS) by 0.9% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 243,289 shares of the entertainment giant’s stock after acquiring an additional 2,200 shares during the period. Walt Disney accounts for 1.3% of Sprucegrove Investment Management Ltd.’s investment portfolio, making the stock its 14th biggest holding. Sprucegrove Investment Management Ltd.’s holdings in Walt Disney were worth $24,156,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. ESL Trust Services LLC acquired a new position in Walt Disney during the 1st quarter worth $31,000. Gold Investment Management Ltd. acquired a new position in shares of Walt Disney during the fourth quarter valued at about $28,000. Red Tortoise LLC raised its position in shares of Walt Disney by 141.4% during the first quarter. Red Tortoise LLC now owns 367 shares of the entertainment giant’s stock valued at $45,000 after buying an additional 215 shares during the last quarter. Frank Rimerman Advisors LLC acquired a new position in shares of Walt Disney during the fourth quarter valued at about $37,000. Finally, O Brien Wealth Partners LLC acquired a new position in shares of Walt Disney during the first quarter valued at about $51,000. Institutional investors and hedge funds own 65.71% of the company’s stock.

Walt Disney Price Performance

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

Walt Disney (NYSE:DIS) last released its quarterly earnings results on Wednesday, August 7th. The entertainment giant reported $1.39 EPS for the quarter, beating 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 business had revenue of $23.20 billion for the quarter, compared to analysts’ expectations of $23.08 billion. During the same period in the prior year, the firm earned $1.03 earnings per share. Walt Disney’s revenue was up 3.9% compared to the same quarter last year. On average, equities analysts predict that The Walt Disney Company will post 4.92 earnings per share for the current fiscal year.

Insider Activity

In related news, Director Calvin Mcdonald purchased 11,756 shares of the firm’s stock in a transaction dated Thursday, August 8th. The shares were acquired at an average cost of $85.06 per share, with a total value of $999,965.36. Following the completion of the purchase, the director now directly owns 22,313 shares of the company’s stock, valued at $1,897,943.78. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.10% of the stock is owned by insiders.

Analyst Ratings Changes

A number of brokerages have recently commented on DIS. Macquarie cut their price objective on shares of Walt Disney from $94.00 to $91.00 and set a “neutral” rating for the company in a research report on Thursday. Bank of America cut 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 report on Thursday, August 8th. Barclays cut their price objective on shares of Walt Disney from $130.00 to $105.00 and set an “overweight” rating for the company in a research report on Thursday, August 8th. Moffett Nathanson cut their price objective on shares of Walt Disney from $130.00 to $125.00 and set a “buy” rating for the company in a research report on Tuesday, July 2nd. Finally, Needham & Company LLC lowered their target price on shares of Walt Disney from $145.00 to $110.00 and set a “buy” rating on the stock in a research note on Thursday, August 8th. Three equities research analysts have rated the stock with a hold rating and twenty have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $118.43.

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.