Venture Visionary Partners LLC Increases Position in The Walt Disney Company (NYSE:DIS)

Venture Visionary Partners LLC lifted its position in The Walt Disney Company (NYSE:DIS) by 3.4% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 86,237 shares of the entertainment giant’s stock after purchasing an additional 2,874 shares during the period. Venture Visionary Partners LLC’s holdings in Walt Disney were worth $8,295,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Vaughan Nelson Investment Management L.P. grew its stake in Walt Disney by 84.6% during the first quarter. Vaughan Nelson Investment Management L.P. now owns 2,000,267 shares of the entertainment giant’s stock valued at $244,754,000 after acquiring an additional 916,772 shares in the last quarter. Jennison Associates LLC purchased a new position in Walt Disney during the first quarter valued at $1,490,492,000. Mirae Asset Global Investments Co. Ltd. grew its stake in Walt Disney by 4.2% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 556,658 shares of the entertainment giant’s stock valued at $68,113,000 after acquiring an additional 22,568 shares in the last quarter. Nordea Investment Management AB grew its stake in Walt Disney by 555.9% during the first quarter. Nordea Investment Management AB now owns 956,788 shares of the entertainment giant’s stock valued at $117,599,000 after acquiring an additional 810,923 shares in the last quarter. Finally, Arlington Financial Advisors LLC grew its stake in Walt Disney by 456.9% during the first quarter. Arlington Financial Advisors LLC now owns 33,462 shares of the entertainment giant’s stock valued at $4,094,000 after acquiring an additional 27,453 shares in the last quarter. 65.71% of the stock is owned by hedge funds and other institutional investors.

Walt Disney Trading Down 0.7 %

DIS traded down $0.66 on Monday, reaching $96.62. 8,013,990 shares of the company traded hands, compared to its average volume of 10,967,433. The Walt Disney Company has a one year low of $79.23 and a one year high of $123.74. The firm has a fifty day simple moving average of $91.72 and a two-hundred day simple moving average of $98.75. The company has a market cap of $176.14 billion, a P/E ratio of 105.74, a price-to-earnings-growth ratio of 1.49 and a beta of 1.40. 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 announced its quarterly earnings data on Wednesday, August 7th. The entertainment giant reported $1.39 earnings per share for the quarter, beating analysts’ consensus estimates of $1.20 by $0.19. Walt Disney had a net margin of 5.30% and a return on equity of 8.64%. The company had revenue of $23.20 billion during the quarter, compared to analyst estimates of $23.08 billion. During the same quarter last year, the business posted $1.03 EPS. The firm’s revenue for the quarter was up 3.9% on a year-over-year basis. As a group, equities research analysts expect that The Walt Disney Company will post 4.92 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the stock. Macquarie cut their target price on shares of Walt Disney from $94.00 to $91.00 and set a “neutral” rating for the company in a research note on Thursday, September 19th. Moffett Nathanson lowered 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. Bank of America lowered their price objective on shares of Walt Disney from $145.00 to $120.00 and set a “buy” rating for the company in a research report on Thursday, August 8th. UBS Group lowered their price objective 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. Finally, JPMorgan Chase & Co. lowered their price objective on shares of Walt Disney from $135.00 to $125.00 and set an “overweight” rating for the company in a research report on Thursday, August 8th. Five investment 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. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $118.05.

Insider Buying and Selling at Walt Disney

In other Walt Disney news, Director Calvin Mcdonald bought 11,756 shares of the business’s stock in a transaction on Thursday, August 8th. The shares were acquired 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 of the company’s stock, valued at approximately $1,897,943.78. This trade represents a 100.00 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 0.10% of the company’s stock.

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.