The Walt Disney Company (NYSE:DIS) Shares Purchased by Intech Investment Management LLC

Intech Investment Management LLC boosted its holdings in The Walt Disney Company (NYSE:DIS) by 38.1% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 184,004 shares of the entertainment giant’s stock after buying an additional 50,759 shares during the period. Intech Investment Management LLC’s holdings in Walt Disney were worth $18,270,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in DIS. MQS Management LLC purchased a new position in shares of Walt Disney in the 2nd quarter worth about $479,000. Concorde Asset Management LLC raised its holdings in shares of Walt Disney by 6.9% in the 2nd quarter. Concorde Asset Management LLC now owns 2,768 shares of the entertainment giant’s stock worth $275,000 after purchasing an additional 179 shares during the period. WCG Wealth Advisors LLC raised its holdings in shares of Walt Disney by 15.8% in the 2nd quarter. WCG Wealth Advisors LLC now owns 35,016 shares of the entertainment giant’s stock worth $3,477,000 after purchasing an additional 4,776 shares during the period. Mittelman Wealth Management raised its holdings in shares of Walt Disney by 3.2% in the 2nd quarter. Mittelman Wealth Management now owns 7,687 shares of the entertainment giant’s stock worth $763,000 after purchasing an additional 235 shares during the period. Finally, Middleton & Co. Inc. MA raised its holdings in shares of Walt Disney by 0.9% in the 2nd quarter. Middleton & Co. Inc. MA now owns 38,898 shares of the entertainment giant’s stock worth $3,862,000 after purchasing an additional 334 shares during the period. 65.71% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Walt Disney

In related news, Director Calvin Mcdonald acquired 11,756 shares of Walt Disney stock in a transaction that occurred on Thursday, August 8th. The stock was acquired at an average price of $85.06 per share, for a total transaction of $999,965.36. Following the transaction, the director now directly owns 22,313 shares of the company’s stock, valued at approximately $1,897,943.78. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Insiders own 0.10% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the company. Evercore ISI cut their price objective on Walt Disney from $128.00 to $105.00 and set an “outperform” rating on the stock in a report on Thursday, August 8th. Moffett Nathanson cut their price objective on Walt Disney from $130.00 to $125.00 and set a “buy” rating on the stock in a report on Tuesday, July 2nd. The Goldman Sachs Group began coverage on Walt Disney in a report on Tuesday, June 25th. They set a “buy” rating and a $125.00 target price on the stock. Barclays dropped their target price on Walt Disney from $130.00 to $105.00 and set an “overweight” rating on the stock in a report on Thursday, August 8th. Finally, Wells Fargo & Company dropped their target price on Walt Disney from $136.00 to $116.00 and set an “overweight” rating on the stock in a report on Thursday, August 8th. Three investment analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $118.43.

Walt Disney Price Performance

Shares of DIS opened at $93.46 on Friday. The firm has a market cap of $170.38 billion, a price-to-earnings ratio of 101.59, a PEG ratio of 1.31 and a beta of 1.40. The stock has a 50 day moving average of $90.73 and a 200-day moving average of $102.10. The company has a current ratio of 0.72, a quick ratio of 0.66 and a debt-to-equity ratio of 0.38. The Walt Disney Company has a 52 week low of $78.73 and a 52 week high of $123.74.

Walt Disney (NYSE:DIS) last released its quarterly earnings data on Wednesday, August 7th. The entertainment giant reported $1.39 earnings per share (EPS) for the quarter, beating 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 business had revenue of $23.20 billion during the quarter, compared to analyst estimates of $23.08 billion. During the same quarter in the previous year, the firm posted $1.03 EPS. The business’s revenue for the quarter was up 3.9% compared to the same quarter last year. As a group, analysts forecast that The Walt Disney Company will post 4.92 EPS 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.