Creative Planning Increases Holdings in The Walt Disney Company (NYSE:DIS)

Creative Planning lifted its position in The Walt Disney Company (NYSE:DIS) by 0.9% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 655,712 shares of the entertainment giant’s stock after buying an additional 5,972 shares during the period. Creative Planning’s holdings in Walt Disney were worth $59,827,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently modified their holdings of the company. ESL Trust Services LLC bought a new stake in shares of Walt Disney during the 1st quarter valued at about $31,000. William B. Walkup & Associates Inc. bought a new stake in Walt Disney during the second quarter valued at approximately $32,000. Mascoma Wealth Management LLC increased its holdings in Walt Disney by 38.0% during the second quarter. Mascoma Wealth Management LLC now owns 443 shares of the entertainment giant’s stock valued at $44,000 after buying an additional 122 shares during the last quarter. Red Tortoise LLC raised its position in Walt Disney by 141.4% in the first 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. Finally, First PREMIER Bank boosted its stake in shares of Walt Disney by 98.1% during the 3rd quarter. First PREMIER Bank now owns 517 shares of the entertainment giant’s stock worth $50,000 after acquiring an additional 256 shares during the last quarter. Institutional investors own 65.71% of the company’s stock.

Walt Disney Trading Up 0.8 %

DIS stock opened at $97.28 on Friday. The firm has a market cap of $177.35 billion, a PE ratio of 105.74, a price-to-earnings-growth ratio of 1.49 and a beta of 1.40. The firm has a fifty day moving average price of $91.72 and a 200 day moving average price of $98.89. 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 $79.23 and a fifty-two week high of $123.74.

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

Insider Activity

In related news, Director Calvin Mcdonald bought 11,756 shares of the business’s stock in a transaction dated 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 transaction, the director now owns 22,313 shares in the company, valued at $1,897,943.78. This trade represents a 100.00 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.10% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the company. Bank of America reduced their price objective on Walt Disney from $145.00 to $120.00 and set a “buy” rating for the company in a research note on Thursday, August 8th. Loop Capital decreased their price objective on Walt Disney from $139.00 to $130.00 and set a “buy” rating on the stock in a research note on Tuesday, July 30th. Morgan Stanley lowered their price objective on Walt Disney from $130.00 to $110.00 and set an “overweight” rating on the stock in a research report on Monday, August 5th. JPMorgan Chase & Co. reduced their target price on shares of Walt Disney from $135.00 to $125.00 and set an “overweight” rating for the company in a report on Thursday, August 8th. Finally, Raymond James restated a “market perform” rating on shares of Walt Disney in a research note on Tuesday, October 1st. Five equities research analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $118.05.

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.