The Walt Disney Company (NYSE:DIS) Shares Acquired by Hexagon Capital Partners LLC

Hexagon Capital Partners LLC lifted its holdings in shares of The Walt Disney Company (NYSE:DIS) by 2.9% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 8,109 shares of the entertainment giant’s stock after acquiring an additional 230 shares during the period. Hexagon Capital Partners LLC’s holdings in Walt Disney were worth $780,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Cresset Asset Management LLC raised its position in Walt Disney by 4.1% in 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 last quarter. Icon Wealth Advisors LLC purchased a new stake in shares of Walt Disney in the fourth quarter valued at about $627,000. Putnam Investments LLC boosted its stake in shares of Walt Disney by 1.8% during the fourth quarter. Putnam Investments LLC now owns 1,310,892 shares of the entertainment giant’s stock worth $118,360,000 after buying an additional 23,573 shares during the period. First Financial Bankshares Inc purchased a new position in shares of Walt Disney during the fourth quarter worth about $465,000. Finally, Vivaldi Capital Management LP increased its position in Walt Disney by 25.4% in the 4th quarter. Vivaldi Capital Management LP now owns 4,310 shares of the entertainment giant’s stock valued at $389,000 after acquiring an additional 872 shares during the period. Hedge funds and other institutional investors own 65.71% of the company’s stock.

Insider Activity at Walt Disney

In other Walt Disney news, Director Calvin Mcdonald purchased 11,756 shares of the stock in a transaction on Thursday, August 8th. The stock was bought at an average price of $85.06 per share, for a total transaction 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 purchase was disclosed in a filing with the SEC, which is available at this link. Insiders own 0.10% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have weighed in on DIS shares. JPMorgan Chase & Co. lowered their target price on Walt Disney from $135.00 to $125.00 and set an “overweight” rating on the stock in a research note on Thursday, August 8th. Moffett Nathanson cut their price objective on shares of Walt Disney from $130.00 to $125.00 and set a “buy” rating for the company in a research report on Tuesday, July 2nd. Seaport Res Ptn raised shares of Walt Disney from a “hold” rating to a “strong-buy” rating in a report on Monday, September 30th. Loop Capital cut their price target on shares of Walt Disney from $139.00 to $130.00 and set a “buy” rating for the company in a report on Tuesday, July 30th. Finally, Wells Fargo & Company lowered their price objective on Walt Disney from $136.00 to $116.00 and set an “overweight” rating on the stock in a report on Thursday, August 8th. Four investment analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $119.20.

Walt Disney Trading Up 1.2 %

Shares of DIS stock opened at $93.60 on Thursday. The Walt Disney Company has a fifty-two week low of $79.23 and a fifty-two week high of $123.74. The stock has a market cap of $170.64 billion, a P/E ratio of 101.74, a P/E/G ratio of 1.53 and a beta of 1.40. The business has a fifty day simple moving average of $90.76 and a 200-day simple moving average of $100.21. The company has a quick ratio of 0.66, a current ratio of 0.72 and a debt-to-equity ratio of 0.38.

Walt Disney (NYSE:DIS) last posted 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 firm had revenue of $23.20 billion during 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 firm’s quarterly revenue was up 3.9% compared to the same quarter last year. During the same quarter last year, the business posted $1.03 EPS. On average, analysts forecast that The Walt Disney Company will post 4.92 earnings per share for the current fiscal 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.