1832 Asset Management L.P. Buys 373,102 Shares of The Walt Disney Company (NYSE:DIS)

1832 Asset Management L.P. raised its stake in The Walt Disney Company (NYSE:DIS) by 42.6% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,249,105 shares of the entertainment giant’s stock after purchasing an additional 373,102 shares during the quarter. 1832 Asset Management L.P. owned approximately 0.07% of Walt Disney worth $124,024,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. ESL Trust Services LLC bought a new position in Walt Disney in the first quarter valued at approximately $31,000. Gold Investment Management Ltd. bought a new position in shares of Walt Disney during the 4th quarter worth approximately $28,000. Red Tortoise LLC boosted its stake in shares of Walt Disney by 141.4% during the 1st quarter. Red Tortoise LLC now owns 367 shares of the entertainment giant’s stock worth $45,000 after acquiring an additional 215 shares during the period. Frank Rimerman Advisors LLC bought a new position in shares of Walt Disney during the 4th quarter worth approximately $37,000. Finally, O Brien Wealth Partners LLC bought a new position in shares of Walt Disney during the 1st quarter worth approximately $51,000. 65.71% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have recently commented on DIS shares. Moffett Nathanson reduced their target price on Walt Disney from $130.00 to $125.00 and set a “buy” rating for the company in a research note on Tuesday, July 2nd. Morgan Stanley reduced their target price on Walt Disney from $130.00 to $110.00 and set an “overweight” rating for the company in a research note on Monday, August 5th. Wells Fargo & Company reduced their target price on Walt Disney from $136.00 to $116.00 and set an “overweight” rating for the company in a research note on Thursday, August 8th. Evercore ISI reduced their price target on Walt Disney from $128.00 to $105.00 and set an “outperform” rating for the company in a research note on Thursday, August 8th. Finally, The Goldman Sachs Group started coverage on Walt Disney in a research note on Tuesday, June 25th. They issued a “buy” rating and a $125.00 price target for the company. Three research analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company’s stock. According to MarketBeat.com, Walt Disney currently has a consensus rating of “Moderate Buy” and an average price target of $118.43.

Insider Transactions at Walt Disney

In other news, Director Calvin Mcdonald acquired 11,756 shares of Walt Disney stock in a transaction that occurred 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 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 filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.10% of the stock is owned by insiders.

Walt Disney Price Performance

Walt Disney stock opened at $93.75 on Friday. 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 52 week low of $78.73 and a 52 week high of $123.74. The stock has a market capitalization of $170.91 billion, a P/E ratio of 101.90, a price-to-earnings-growth ratio of 1.31 and a beta of 1.40. The stock has a fifty day moving average of $90.67 and a 200-day moving average of $101.88.

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

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.