Jacobs & Co. CA Has $11.15 Million Stock Holdings in The Walt Disney Company (NYSE:DIS)

Jacobs & Co. CA lifted its stake in The Walt Disney Company (NYSE:DIS) by 5.1% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 115,921 shares of the entertainment giant’s stock after acquiring an additional 5,604 shares during the quarter. Jacobs & Co. CA’s holdings in Walt Disney were worth $11,150,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of DIS. ESL Trust Services LLC acquired a new position in shares of Walt Disney during the 1st quarter worth approximately $31,000. William B. Walkup & Associates Inc. bought a new position in shares of Walt Disney in the second quarter valued at $32,000. Frank Rimerman Advisors LLC acquired a new position in Walt Disney during the fourth quarter worth $37,000. Mascoma Wealth Management LLC raised its position in Walt Disney by 38.0% during the second quarter. Mascoma Wealth Management LLC now owns 443 shares of the entertainment giant’s stock worth $44,000 after acquiring an additional 122 shares in the last quarter. Finally, Beaird Harris Wealth Management LLC lifted its stake in Walt Disney by 30.7% in the fourth quarter. Beaird Harris Wealth Management LLC now owns 498 shares of the entertainment giant’s stock valued at $45,000 after acquiring an additional 117 shares during the last quarter. Institutional investors own 65.71% of the company’s stock.

Walt Disney Stock Performance

Shares of NYSE:DIS opened at $94.15 on Thursday. The Walt Disney Company has a 12-month low of $78.73 and a 12-month high of $123.74. The company’s 50 day moving average price is $90.59 and its two-hundred day moving average price is $100.93. The firm has a market cap of $171.64 billion, a PE ratio of 102.34, a PEG ratio of 1.53 and a beta of 1.40. The company has a quick ratio of 0.66, a current ratio of 0.72 and a debt-to-equity ratio of 0.38.

Walt Disney (NYSE:DIS) last issued its quarterly earnings results on Wednesday, August 7th. The entertainment giant reported $1.39 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.20 by $0.19. The business had revenue of $23.20 billion for the quarter, compared to the consensus estimate of $23.08 billion. Walt Disney had a return on equity of 8.64% and a net margin of 5.30%. The firm’s quarterly revenue was up 3.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.03 earnings per share. Equities research analysts predict that The Walt Disney Company will post 4.92 earnings per share for the current year.

Insider Buying and Selling

In other news, Director Calvin Mcdonald acquired 11,756 shares of the business’s stock in a transaction that occurred on 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 directly owns 22,313 shares of the company’s stock, valued at approximately $1,897,943.78. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.10% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on DIS shares. UBS Group lowered their price objective on shares of Walt Disney from $130.00 to $120.00 and set a “buy” rating on the stock in a research note on Thursday, August 8th. The Goldman Sachs Group assumed coverage on Walt Disney in a research report on Tuesday, June 25th. They set a “buy” rating and a $125.00 price target on the stock. Morgan Stanley cut their price objective on Walt Disney from $130.00 to $110.00 and set an “overweight” rating for the company in a research report on Monday, August 5th. Deutsche Bank Aktiengesellschaft decreased their target price on Walt Disney from $130.00 to $115.00 and set a “buy” rating on the stock in a report on Thursday, August 8th. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $110.00 price target on shares of Walt Disney in a report on Thursday, September 26th. Four investment analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $118.43.

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.