12,126 Shares in The Walt Disney Company (NYSE:DIS) Acquired by Silver Lake Advisory LLC

Silver Lake Advisory LLC bought a new stake in shares of The Walt Disney Company (NYSE:DIS) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 12,126 shares of the entertainment giant’s stock, valued at approximately $1,204,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Nemes Rush Group LLC increased its stake in shares of Walt Disney by 6.7% during the second quarter. Nemes Rush Group LLC now owns 11,828 shares of the entertainment giant’s stock valued at $1,174,000 after buying an additional 738 shares during the period. Magnolia Capital Advisors LLC purchased a new position in Walt Disney during the 2nd quarter valued at about $3,941,000. Copperwynd Financial LLC increased its position in Walt Disney by 12.2% during the 2nd quarter. Copperwynd Financial LLC now owns 6,383 shares of the entertainment giant’s stock valued at $598,000 after purchasing an additional 694 shares during the period. Doheny Asset Management CA bought a new stake in shares of Walt Disney in the 2nd quarter valued at about $1,933,000. Finally, Full Sail Capital LLC lifted its position in shares of Walt Disney by 56.6% in the 2nd quarter. Full Sail Capital LLC now owns 2,724 shares of the entertainment giant’s stock worth $270,000 after purchasing an additional 985 shares during the period. 65.71% of the stock is owned by institutional investors.

Walt Disney Stock Performance

Shares of DIS stock opened at $96.01 on Friday. The business has a fifty day moving average of $90.40 and a 200 day moving average of $101.30. The Walt Disney Company has a 1 year low of $78.73 and a 1 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 firm has a market capitalization of $175.03 billion, a price-to-earnings ratio of 104.36, a price-to-earnings-growth ratio of 1.53 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 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 firm had revenue of $23.20 billion during the quarter, compared to the consensus estimate of $23.08 billion. During the same quarter in the previous year, the company posted $1.03 earnings per share. The company’s revenue was up 3.9% compared to the same quarter last year. As a group, research analysts expect that The Walt Disney Company will post 4.92 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on DIS shares. Needham & Company LLC reissued a “buy” rating and set a $110.00 price objective on shares of Walt Disney in a report on Thursday. Bank of America cut their price target on Walt Disney from $145.00 to $120.00 and set a “buy” rating on the stock in a report on Thursday, August 8th. Loop Capital decreased their price objective on Walt Disney from $139.00 to $130.00 and set a “buy” rating for the company in a research note on Tuesday, July 30th. Raymond James dropped their price objective on Walt Disney from $123.00 to $101.00 and set an “outperform” rating on the stock in a research report on Thursday, August 8th. Finally, Morgan Stanley reduced their target price on shares of Walt Disney from $130.00 to $110.00 and set an “overweight” rating for the company in a report on Monday, August 5th. Three investment analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Walt Disney currently has a consensus rating of “Moderate Buy” and a consensus price target of $118.43.

Insider Activity

In other Walt Disney news, Director Calvin Mcdonald bought 11,756 shares of Walt Disney stock in a transaction that occurred on Thursday, August 8th. The stock was purchased at an average price of $85.06 per share, with a total value of $999,965.36. Following the completion of the acquisition, the director now directly owns 22,313 shares in the company, valued at approximately $1,897,943.78. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.10% of the company’s stock.

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.