The Walt Disney Company (NYSE:DIS) Shares Bought by Strategic Advisors LLC

Strategic Advisors LLC raised its position in The Walt Disney Company (NYSE:DIS) by 9.5% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 44,348 shares of the entertainment giant’s stock after buying an additional 3,832 shares during the quarter. Strategic Advisors LLC’s holdings in Walt Disney were worth $4,266,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in DIS. Jennison Associates LLC purchased a new stake in shares of Walt Disney during the 1st quarter worth $1,490,492,000. Capital World Investors lifted its stake in shares of Walt Disney by 3,332.4% in the first quarter. Capital World Investors now owns 6,267,593 shares of the entertainment giant’s stock valued at $766,903,000 after purchasing an additional 6,084,993 shares during the period. ValueAct Holdings L.P. purchased a new stake in Walt Disney during the fourth quarter worth about $459,245,000. Swedbank AB purchased a new position in Walt Disney in the first quarter valued at about $493,715,000. Finally, Farallon Capital Management LLC purchased a new position in Walt Disney in the second quarter valued at about $355,673,000. 65.71% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Walt Disney

In related news, Director Calvin Mcdonald bought 11,756 shares of the company’s stock in a transaction that occurred on Thursday, August 8th. The shares were acquired at an average cost of $85.06 per share, for a total transaction of $999,965.36. Following the acquisition, the director now owns 22,313 shares in the company, valued at $1,897,943.78. This represents a 100.00 % increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 0.10% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on DIS. The Goldman Sachs Group initiated coverage on Walt Disney in a report on Tuesday, June 25th. They issued a “buy” rating and a $125.00 price target on the stock. Morgan Stanley lowered their target price on Walt Disney from $130.00 to $110.00 and set an “overweight” rating on the stock in a report on Monday, August 5th. Loop Capital cut their price target on Walt Disney from $139.00 to $130.00 and set a “buy” rating for the company in a report on Tuesday, July 30th. Deutsche Bank Aktiengesellschaft decreased their price objective on Walt Disney from $130.00 to $115.00 and set a “buy” rating on the stock in a research note on Thursday, August 8th. Finally, UBS Group cut their target price on shares of Walt Disney from $130.00 to $120.00 and set a “buy” rating for the company in a research note on Thursday, August 8th. Four research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Walt Disney has an average rating of “Moderate Buy” and an average price target of $119.20.

Walt Disney Trading Down 0.6 %

NYSE:DIS traded down $0.54 on Thursday, hitting $93.06. 2,916,459 shares of the stock were exchanged, compared to its average volume of 11,049,073. The stock has a fifty day moving average of $90.76 and a 200-day moving average of $100.16. The stock has a market cap of $169.65 billion, a PE ratio of 101.74, a PEG ratio of 1.53 and a beta of 1.40. 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 fifty-two week low of $79.23 and a fifty-two week high of $123.74.

Walt Disney (NYSE:DIS) last posted its quarterly earnings results on Wednesday, August 7th. The entertainment giant reported $1.39 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 firm had revenue of $23.20 billion for the quarter, compared to analyst estimates of $23.08 billion. During the same quarter last year, the firm posted $1.03 earnings per share. Walt Disney’s revenue for the quarter was up 3.9% compared to the same quarter last year. As a group, equities analysts expect that The Walt Disney Company will post 4.92 earnings per share for the current fiscal year.

Walt Disney Company 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.