Legacy Financial Advisors Inc. Acquires 239 Shares of The Walt Disney Company (NYSE:DIS)

Legacy Financial Advisors Inc. raised its stake in The Walt Disney Company (NYSE:DIS) by 1.9% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 12,503 shares of the entertainment giant’s stock after acquiring an additional 239 shares during the quarter. Legacy Financial Advisors Inc.’s holdings in Walt Disney were worth $1,241,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. ESL Trust Services LLC bought a new position in Walt Disney in the first quarter valued at about $31,000. Gold Investment Management Ltd. acquired a new position in shares of Walt Disney in the 4th quarter valued at about $28,000. Red Tortoise LLC boosted its position in shares of Walt Disney by 141.4% during the 1st quarter. Red Tortoise LLC now owns 367 shares of the entertainment giant’s stock valued at $45,000 after purchasing an additional 215 shares in the last quarter. Frank Rimerman Advisors LLC bought a new stake in Walt Disney in the fourth quarter worth approximately $37,000. Finally, O Brien Wealth Partners LLC acquired a new position in Walt Disney in the first quarter valued at approximately $51,000. 65.71% of the stock is owned by institutional investors.

Insider Activity at Walt Disney

In other Walt Disney news, Director Calvin Mcdonald bought 11,756 shares of Walt Disney stock in a transaction dated Thursday, August 8th. The shares were purchased at an average cost of $85.06 per share, with a total value of $999,965.36. Following the transaction, the director now directly owns 22,313 shares of the company’s stock, valued at $1,897,943.78. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.10% of the stock is currently owned by corporate insiders.

Walt Disney Trading Up 0.3 %

NYSE DIS opened at $93.69 on Friday. The stock has a 50-day moving average of $90.67 and a 200-day moving average of $101.96. 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 1-year low of $78.73 and a 1-year high of $123.74. The firm has a market cap of $170.80 billion, a PE ratio of 101.84, a price-to-earnings-growth ratio of 1.31 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 (EPS) 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 company had revenue of $23.20 billion during the quarter, compared to the consensus estimate of $23.08 billion. During the same period in the prior year, the firm earned $1.03 earnings per share. Walt Disney’s revenue was up 3.9% on a year-over-year basis. As a group, sell-side analysts forecast that The Walt Disney Company will post 4.92 EPS for the current year.

Analysts Set New Price Targets

Several analysts have recently commented on DIS shares. Morgan Stanley reduced their price objective on shares of Walt Disney from $130.00 to $110.00 and set an “overweight” rating for the company in a research report on Monday, August 5th. Bank of America decreased their target price on Walt Disney from $145.00 to $120.00 and set a “buy” rating for the company in a research report on Thursday, August 8th. Moffett Nathanson cut their target price on Walt Disney from $130.00 to $125.00 and set a “buy” rating on the stock in a research report on Tuesday, July 2nd. Needham & Company LLC cut their price objective on shares of Walt Disney from $145.00 to $110.00 and set a “buy” rating on the stock in a report on Thursday, August 8th. Finally, Loop Capital reduced their target price on shares of Walt Disney from $139.00 to $130.00 and set a “buy” rating for the company in a research note on Tuesday, July 30th. Three investment analysts have rated the stock with a hold rating and twenty have given a buy rating to the company’s stock. According to data from MarketBeat, Walt Disney currently has a consensus rating of “Moderate Buy” and an average target price of $118.43.

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.