Barlow Wealth Partners Inc. Purchases 157 Shares of The Walt Disney Company (NYSE:DIS)

Barlow Wealth Partners Inc. raised its position in shares of The Walt Disney Company (NYSE:DIS) by 0.2% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 99,814 shares of the entertainment giant’s stock after purchasing an additional 157 shares during the quarter. Barlow Wealth Partners Inc.’s holdings in Walt Disney were worth $9,222,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in DIS. Sei Investments Co. grew its stake in shares of Walt Disney by 10.3% during the 4th quarter. Sei Investments Co. now owns 476,299 shares of the entertainment giant’s stock valued at $43,002,000 after purchasing an additional 44,621 shares during the period. Cresset Asset Management LLC grew its stake in shares of Walt Disney by 4.1% during the 4th quarter. Cresset Asset Management LLC now owns 131,372 shares of the entertainment giant’s stock valued at $11,892,000 after purchasing an additional 5,216 shares during the period. MGO One Seven LLC grew its stake in shares of Walt Disney by 26.1% during the 4th quarter. MGO One Seven LLC now owns 47,621 shares of the entertainment giant’s stock valued at $4,300,000 after acquiring an additional 9,865 shares during the period. Icon Wealth Advisors LLC bought a new position in shares of Walt Disney during the 4th quarter valued at approximately $627,000. Finally, Vista Investment Management grew its stake in shares of Walt Disney by 8.5% during the 4th quarter. Vista Investment Management now owns 13,741 shares of the entertainment giant’s stock valued at $1,241,000 after acquiring an additional 1,072 shares during the period. 65.71% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages recently issued reports on DIS. Deutsche Bank Aktiengesellschaft cut their price objective on Walt Disney from $130.00 to $115.00 and set a “buy” rating for the company in a research note on Thursday, August 8th. JPMorgan Chase & Co. cut their price objective on Walt Disney from $135.00 to $125.00 and set an “overweight” rating for the company in a research note on Thursday, August 8th. Barclays cut their price objective on Walt Disney from $130.00 to $105.00 and set an “overweight” rating for the company in a research note on Thursday, August 8th. Bank of America cut 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. Finally, Moffett Nathanson cut their price objective on Walt Disney from $130.00 to $125.00 and set a “buy” rating for the company in a research note on Tuesday, July 2nd. Four 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. According to data from MarketBeat.com, Walt Disney has an average rating of “Moderate Buy” and a consensus target price of $119.20.

Walt Disney Price Performance

Shares of DIS traded down $0.53 during mid-day trading on Wednesday, hitting $91.98. 872,485 shares of the stock were exchanged, compared to its average volume of 11,050,872. The company has a market cap of $167.68 billion, a PE ratio of 100.57, a price-to-earnings-growth ratio of 1.53 and a beta of 1.40. The Walt Disney Company has a 52-week low of $79.23 and a 52-week high of $123.74. The firm has a 50-day moving average of $90.76 and a two-hundred day moving average of $100.21. 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 earnings per share (EPS) for the quarter, topping the consensus estimate 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 return on equity of 8.64% and a net margin of 5.30%. The company’s revenue for the quarter was up 3.9% on a year-over-year basis. During the same period in the prior year, the firm earned $1.03 EPS. On average, equities analysts predict that The Walt Disney Company will post 4.92 earnings per share for the current 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.

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.