Turim 21 Investimentos Ltda. Purchases 680 Shares of The Walt Disney Company (NYSE:DIS)

Turim 21 Investimentos Ltda. lifted its holdings in The Walt Disney Company (NYSE:DIS) by 4.1% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 17,069 shares of the entertainment giant’s stock after buying an additional 680 shares during the quarter. Walt Disney makes up about 0.4% of Turim 21 Investimentos Ltda.’s portfolio, making the stock its 13th biggest position. Turim 21 Investimentos Ltda.’s holdings in Walt Disney were worth $1,695,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Gryphon Financial Partners LLC purchased a new stake in shares of Walt Disney in the fourth quarter valued at approximately $603,000. ProVise Management Group LLC grew its position in shares of Walt Disney by 7.3% during the 4th quarter. ProVise Management Group LLC now owns 5,546 shares of the entertainment giant’s stock worth $501,000 after buying an additional 379 shares in the last quarter. Congress Wealth Management LLC DE increased its stake in shares of Walt Disney by 191.1% during the fourth quarter. Congress Wealth Management LLC DE now owns 11,183 shares of the entertainment giant’s stock valued at $1,010,000 after buying an additional 7,341 shares during the period. Linscomb & Williams Inc. lifted its stake in Walt Disney by 11.6% in the fourth quarter. Linscomb & Williams Inc. now owns 3,108 shares of the entertainment giant’s stock worth $281,000 after acquiring an additional 323 shares during the period. Finally, Cape Investment Advisory Inc. grew its holdings in Walt Disney by 35.7% during the 4th quarter. Cape Investment Advisory Inc. now owns 13,247 shares of the entertainment giant’s stock worth $1,196,000 after acquiring an additional 3,483 shares in the last quarter. 65.71% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research firms have recently commented on DIS. Moffett Nathanson reduced their price target on shares of Walt Disney from $130.00 to $125.00 and set a “buy” rating for the company in a report on Tuesday, July 2nd. Macquarie lowered their target price on Walt Disney from $94.00 to $91.00 and set a “neutral” rating for the company in a report on Thursday. JPMorgan Chase & Co. dropped their target price on Walt Disney from $135.00 to $125.00 and set an “overweight” rating on the stock in a research report on Thursday, August 8th. Barclays reduced their price target on Walt Disney from $130.00 to $105.00 and set an “overweight” rating for the company in a research report on Thursday, August 8th. Finally, Deutsche Bank Aktiengesellschaft cut their target price 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. Three investment analysts have rated the stock with a hold rating and twenty have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $118.43.

Insider Transactions at Walt Disney

In related news, Director Calvin Mcdonald purchased 11,756 shares of the company’s stock in a transaction that occurred on Thursday, August 8th. The shares were purchased at an average price of $85.06 per share, with a total value of $999,965.36. Following the purchase, the director now owns 22,313 shares of the company’s stock, valued at $1,897,943.78. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.10% of the company’s stock.

Walt Disney Stock Up 0.3 %

DIS opened at $93.75 on Monday. The company has a fifty day moving average of $90.67 and a two-hundred day moving average of $101.83. 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 fifty-two week low of $78.73 and a fifty-two week high of $123.74. The stock has a market capitalization of $170.91 billion, a price-to-earnings ratio of 101.90, a PEG ratio of 1.31 and a beta of 1.40.

Walt Disney (NYSE:DIS) last announced its quarterly earnings results on Wednesday, August 7th. The entertainment giant reported $1.39 earnings per share for the quarter, beating the consensus estimate of $1.20 by $0.19. The firm had revenue of $23.20 billion during 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 for the quarter was up 3.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.03 EPS. On average, research analysts expect that The Walt Disney Company will post 4.92 earnings per share for the current year.

About Walt Disney

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.