The Walt Disney Company (NYSE:DIS) Shares Acquired by Ellis Investment Partners LLC

Ellis Investment Partners LLC raised its holdings in shares of The Walt Disney Company (NYSE:DIS) by 2.5% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,882 shares of the entertainment giant’s stock after acquiring an additional 117 shares during the quarter. Ellis Investment Partners LLC’s holdings in Walt Disney were worth $485,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in DIS. Gryphon Financial Partners LLC purchased a new stake in Walt Disney in the 4th quarter valued at about $603,000. AGF Management Ltd. raised its stake in Walt Disney by 6,508.2% during the fourth quarter. AGF Management Ltd. now owns 340,787 shares of the entertainment giant’s stock worth $30,770,000 after purchasing an additional 335,630 shares during the period. QRG Capital Management Inc. boosted its holdings in shares of Walt Disney by 10.4% in the 4th quarter. QRG Capital Management Inc. now owns 132,092 shares of the entertainment giant’s stock valued at $11,927,000 after purchasing an additional 12,495 shares during the last quarter. Envestnet Portfolio Solutions Inc. grew its stake in shares of Walt Disney by 2.8% during the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 61,002 shares of the entertainment giant’s stock valued at $5,508,000 after buying an additional 1,644 shares during the period. Finally, Principal Financial Group Inc. raised its position in shares of Walt Disney by 1.6% in the 4th quarter. Principal Financial Group Inc. now owns 2,225,868 shares of the entertainment giant’s stock worth $200,974,000 after buying an additional 35,440 shares during the period. Institutional investors and hedge funds own 65.71% of the company’s stock.

Walt Disney Price Performance

DIS traded down $0.71 on Friday, reaching $87.94. The company had a trading volume of 7,791,503 shares, compared to its average volume of 11,356,279. The Walt Disney Company has a one year low of $78.73 and a one year high of $123.74. The company has a market capitalization of $160.32 billion, a P/E ratio of 95.59, a PEG ratio of 1.34 and a beta of 1.40. The company has a fifty day moving average of $91.98 and a 200-day moving average of $103.22. The company has a current ratio of 0.72, a quick ratio of 0.66 and a debt-to-equity ratio of 0.38.

Walt Disney (NYSE:DIS) last issued its quarterly earnings results on Wednesday, August 7th. The entertainment giant reported $1.39 EPS for the quarter, topping 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 analysts’ expectations of $23.08 billion. During the same period in the previous year, the business earned $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 research analysts anticipate that The Walt Disney Company will post 4.92 earnings per share for the current year.

Analyst Ratings Changes

Several equities analysts have recently weighed in on DIS shares. Morgan Stanley reduced their price objective on Walt Disney from $130.00 to $110.00 and set an “overweight” rating on the stock in a research note on Monday, August 5th. JPMorgan Chase & Co. cut their target price on shares of Walt Disney from $135.00 to $125.00 and set an “overweight” rating on the stock in a research note on Thursday, August 8th. Needham & Company LLC cut their price objective on Walt Disney from $145.00 to $110.00 and set a “buy” rating on the stock in a research report on Thursday, August 8th. The Goldman Sachs Group began coverage on shares of Walt Disney in a research report on Tuesday, June 25th. They issued a “buy” rating and a $125.00 price objective for the company. Finally, Redburn Atlantic upgraded Walt Disney from a “sell” rating to a “neutral” rating and set a $100.00 target price for the company in a research note on Tuesday, May 21st. Three research analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $117.95.

Insider Activity at Walt Disney

In other news, Director Calvin Mcdonald bought 11,756 shares of the stock in a transaction on Thursday, August 8th. The shares were purchased at an average price of $85.06 per share, for a total transaction of $999,965.36. Following the completion of the purchase, the director now directly owns 22,313 shares of the company’s stock, valued at approximately $1,897,943.78. The purchase was disclosed in a filing with the SEC, which is available through this link. 0.10% of the stock is owned by insiders.

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.