The Walt Disney Company (NYSE:DIS) Shares Bought by Summit Trail Advisors LLC

Summit Trail Advisors LLC lifted its position in shares of The Walt Disney Company (NYSE:DIS) by 49.0% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 26,373 shares of the entertainment giant’s stock after purchasing an additional 8,670 shares during the period. Summit Trail Advisors LLC’s holdings in Walt Disney were worth $2,619,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Gold Investment Management Ltd. purchased a new stake in Walt Disney in the 4th quarter valued at $28,000. ESL Trust Services LLC acquired a new stake in shares of Walt Disney during the first quarter worth $31,000. Frank Rimerman Advisors LLC purchased a new position in Walt Disney in the 4th quarter valued at $37,000. Mascoma Wealth Management LLC increased its stake in Walt Disney by 38.0% in the 2nd quarter. Mascoma Wealth Management LLC now owns 443 shares of the entertainment giant’s stock valued at $44,000 after buying an additional 122 shares during the period. Finally, Beaird Harris Wealth Management LLC raised its position in Walt Disney by 30.7% during the 4th quarter. Beaird Harris Wealth Management LLC now owns 498 shares of the entertainment giant’s stock worth $45,000 after buying an additional 117 shares during the last quarter. 65.71% of the stock is owned by institutional investors and hedge funds.

Walt Disney Trading Up 0.3 %

NYSE DIS opened at $93.69 on Friday. The company’s fifty day simple moving average is $90.67 and its 200-day simple moving average is $101.96. The stock has a market cap of $170.80 billion, a P/E ratio of 101.84, a PEG ratio of 1.31 and a beta of 1.40. The Walt Disney Company has a 52 week low of $78.73 and a 52 week 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.

Walt Disney (NYSE:DIS) last posted its quarterly earnings data on Wednesday, August 7th. The entertainment giant reported $1.39 earnings per share for the quarter, beating 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 during the quarter, compared to analysts’ expectations of $23.08 billion. During the same period in the prior year, the company posted $1.03 EPS. The firm’s revenue for the quarter was up 3.9% on a year-over-year basis. Equities research analysts predict that The Walt Disney Company will post 4.92 EPS for the current fiscal year.

Analysts Set New Price Targets

DIS has been the topic of a number of recent analyst reports. Needham & Company LLC dropped their price target 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. Loop Capital cut their price objective on Walt Disney from $139.00 to $130.00 and set a “buy” rating for the company in a research report on Tuesday, July 30th. Morgan Stanley lowered their target price on shares of Walt Disney from $130.00 to $110.00 and set an “overweight” rating on the stock in a research report on Monday, August 5th. Deutsche Bank Aktiengesellschaft decreased their price target on Walt Disney from $130.00 to $115.00 and set a “buy” rating on the stock in a research note on Thursday, August 8th. Finally, Macquarie reduced their price objective on Walt Disney from $94.00 to $91.00 and set a “neutral” rating for the company in a report on Thursday. Three equities research analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $118.43.

Insider Buying and Selling at Walt Disney

In related news, Director Calvin Mcdonald purchased 11,756 shares of the firm’s stock in a transaction dated Thursday, August 8th. The stock was acquired at an average price 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 $1,897,943.78. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 0.10% of the stock is 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.