William B. Walkup & Associates Inc. Makes New $32,000 Investment in The Walt Disney Company (NYSE:DIS)

William B. Walkup & Associates Inc. bought a new position in The Walt Disney Company (NYSE:DIS) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 321 shares of the entertainment giant’s stock, valued at approximately $32,000.

Other large investors have also made changes to their positions in the company. Vaughan Nelson Investment Management L.P. raised its position in shares of Walt Disney by 84.6% in the 1st quarter. Vaughan Nelson Investment Management L.P. now owns 2,000,267 shares of the entertainment giant’s stock worth $244,754,000 after buying an additional 916,772 shares during the period. Jennison Associates LLC acquired a new stake in Walt Disney in the 1st quarter valued at $1,490,492,000. Mirae Asset Global Investments Co. Ltd. increased its holdings in Walt Disney by 4.2% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 556,658 shares of the entertainment giant’s stock valued at $68,113,000 after purchasing an additional 22,568 shares in the last quarter. Rheos Capital Works Inc. increased its holdings in Walt Disney by 41.3% in the 1st quarter. Rheos Capital Works Inc. now owns 175,900 shares of the entertainment giant’s stock valued at $21,523,000 after purchasing an additional 51,400 shares in the last quarter. Finally, Nordea Investment Management AB increased its holdings in Walt Disney by 555.9% in the 1st quarter. Nordea Investment Management AB now owns 956,788 shares of the entertainment giant’s stock valued at $117,599,000 after purchasing an additional 810,923 shares in the last quarter. 65.71% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

DIS has been the subject of several recent research reports. Evercore ISI lowered their price target on Walt Disney from $128.00 to $105.00 and set an “outperform” rating for the company in a report on Thursday, August 8th. Deutsche Bank Aktiengesellschaft lowered their target price on Walt Disney from $130.00 to $115.00 and set a “buy” rating for the company in a research note on Thursday, August 8th. Loop Capital lowered their target price 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. The Goldman Sachs Group assumed coverage on Walt Disney in a research note on Tuesday, June 25th. They set a “buy” rating and a $125.00 target price for the company. Finally, Needham & Company LLC restated a “buy” rating and set a $110.00 target price on shares of Walt Disney in a research note on Thursday, September 26th. Three investment analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $118.43.

Walt Disney Stock Performance

Shares of NYSE DIS opened at $96.18 on Tuesday. The company has a quick ratio of 0.66, a current ratio of 0.72 and a debt-to-equity ratio of 0.38. The firm’s 50-day moving average price is $90.44 and its two-hundred day moving average price is $101.11. 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 $175.34 billion, a P/E ratio of 104.54, a P/E/G ratio of 1.53 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 earnings per share for the quarter, beating analysts’ consensus estimates of $1.20 by $0.19. The company had revenue of $23.20 billion for the quarter, compared to analysts’ expectations of $23.08 billion. Walt Disney had a return on equity of 8.64% and a net margin of 5.30%. The business’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 company posted $1.03 earnings per share. As a group, sell-side analysts forecast that The Walt Disney Company will post 4.92 earnings per share for the current year.

Insider Activity

In other Walt Disney news, Director Calvin Mcdonald purchased 11,756 shares of the business’s stock in a transaction dated Thursday, August 8th. The shares were bought 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 owns 22,313 shares in the company, valued at approximately $1,897,943.78. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.10% of the company’s stock.

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.