Chapin Davis Inc. Acquires 380 Shares of The Walt Disney Company (NYSE:DIS)

Chapin Davis Inc. raised its holdings in The Walt Disney Company (NYSE:DIS) by 1.9% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 20,601 shares of the entertainment giant’s stock after buying an additional 380 shares during the quarter. Chapin Davis Inc.’s holdings in Walt Disney were worth $1,982,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in the business. Bangor Savings Bank increased its position in Walt Disney by 2.3% during the 3rd quarter. Bangor Savings Bank now owns 16,213 shares of the entertainment giant’s stock valued at $1,560,000 after purchasing an additional 358 shares during the period. Stonebridge Capital Management Inc. increased its position in shares of Walt Disney by 1.9% during the third quarter. Stonebridge Capital Management Inc. now owns 29,298 shares of the entertainment giant’s stock valued at $2,819,000 after buying an additional 550 shares during the period. Cohen Investment Advisors LLC raised its stake in Walt Disney by 11.4% in the third quarter. Cohen Investment Advisors LLC now owns 20,092 shares of the entertainment giant’s stock worth $1,933,000 after buying an additional 2,052 shares in the last quarter. Fulton Bank N.A. lifted its holdings in Walt Disney by 6.1% in the third quarter. Fulton Bank N.A. now owns 56,082 shares of the entertainment giant’s stock worth $5,395,000 after buying an additional 3,233 shares during the period. Finally, Prentice Wealth Management LLC boosted its position in Walt Disney by 5.0% during the 3rd quarter. Prentice Wealth Management LLC now owns 6,019 shares of the entertainment giant’s stock valued at $579,000 after acquiring an additional 289 shares in the last quarter. 65.71% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

DIS has been the subject of several research reports. Moffett Nathanson decreased their target price on Walt Disney from $130.00 to $125.00 and set a “buy” rating for the company in a research report on Tuesday, July 2nd. Needham & Company LLC reiterated a “buy” rating and issued a $110.00 price objective on shares of Walt Disney in a report on Thursday, September 26th. Macquarie dropped their target price on shares of Walt Disney from $94.00 to $91.00 and set a “neutral” rating on the stock in a report on Thursday, September 19th. Evercore ISI decreased their price target on shares of Walt Disney from $128.00 to $105.00 and set an “outperform” rating for the company in a research note on Thursday, August 8th. Finally, UBS Group lowered their price target on shares of Walt Disney from $130.00 to $120.00 and set a “buy” rating for the company in a research report on Thursday, August 8th. Four analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $119.20.

Walt Disney Trading Down 2.9 %

Shares of NYSE:DIS opened at $92.38 on Tuesday. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.72 and a quick ratio of 0.66. The Walt Disney Company has a 1 year low of $79.23 and a 1 year high of $123.74. The company has a market cap of $168.41 billion, a P/E ratio of 100.41, a PEG ratio of 1.53 and a beta of 1.40. The stock’s fifty day moving average price is $90.78 and its 200-day moving average price is $100.55.

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

Insiders Place Their Bets

In other news, Director Calvin Mcdonald purchased 11,756 shares of the 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 acquisition, the director now directly owns 22,313 shares of the company’s stock, valued at $1,897,943.78. This represents a 100.00 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.10% of the stock is currently owned by insiders.

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.