Drexel Morgan & Co. Has $1.75 Million Stake in The Walt Disney Company (NYSE:DIS)

Drexel Morgan & Co. raised its holdings in The Walt Disney Company (NYSE:DIS) by 6.0% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 17,586 shares of the entertainment giant’s stock after purchasing an additional 1,000 shares during the period. Drexel Morgan & Co.’s holdings in Walt Disney were worth $1,746,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in DIS. Mcdonald Partners LLC boosted its holdings in Walt Disney by 0.5% in the 1st quarter. Mcdonald Partners LLC now owns 17,975 shares of the entertainment giant’s stock valued at $2,199,000 after purchasing an additional 88 shares during the period. Sendero Wealth Management LLC grew its stake in shares of Walt Disney by 2.0% during the first quarter. Sendero Wealth Management LLC now owns 4,649 shares of the entertainment giant’s stock worth $569,000 after buying an additional 89 shares during the last quarter. McKinley Carter Wealth Services Inc. increased its holdings in Walt Disney by 1.5% in the 1st quarter. McKinley Carter Wealth Services Inc. now owns 5,894 shares of the entertainment giant’s stock worth $721,000 after purchasing an additional 89 shares in the last quarter. Pflug Koory LLC raised its holdings in Walt Disney by 1.0% in the 1st quarter. Pflug Koory LLC now owns 8,993 shares of the entertainment giant’s stock valued at $1,100,000 after buying an additional 91 shares during the last quarter. Finally, Regent Peak Wealth Advisors LLC raised its stake in shares of Walt Disney by 3.5% during the first quarter. Regent Peak Wealth Advisors LLC now owns 2,801 shares of the entertainment giant’s stock valued at $343,000 after acquiring an additional 94 shares during the last quarter. Institutional investors and hedge funds own 65.71% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the stock. The Goldman Sachs Group started coverage on shares of Walt Disney in a report on Tuesday, June 25th. They issued a “buy” rating and a $125.00 target price on the stock. JPMorgan Chase & Co. reduced their price objective 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. UBS Group cut their target price on Walt Disney from $130.00 to $120.00 and set a “buy” rating on the stock in a research report on Thursday, August 8th. Barclays reduced their price objective on shares of Walt Disney from $130.00 to $105.00 and set an “overweight” rating for the company in a research report on Thursday, August 8th. Finally, Wells Fargo & Company decreased their target price on Walt Disney from $136.00 to $116.00 and set an “overweight” rating for the company in a research report on Thursday, August 8th. Three equities research analysts have rated the stock with a hold rating and twenty have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $118.43.

Insiders Place Their Bets

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

Walt Disney Price Performance

Shares of DIS stock opened at $93.46 on Friday. The stock’s 50-day simple moving average is $90.73 and its 200-day simple moving average is $102.10. The firm has a market capitalization 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 Walt Disney Company has a fifty-two week low of $78.73 and a fifty-two week high of $123.74. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.66 and a current ratio of 0.72.

Walt Disney (NYSE:DIS) last issued its quarterly earnings data on Wednesday, August 7th. The entertainment giant reported $1.39 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 analysts’ expectations of $23.08 billion. Walt Disney had a net margin of 5.30% and a return on equity of 8.64%. The business’s revenue was up 3.9% on a year-over-year basis. During the same quarter last year, the company earned $1.03 EPS. As a group, equities analysts forecast that The Walt Disney Company will post 4.92 earnings per share for the current fiscal year.

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.