The Walt Disney Company (NYSE:DIS) Stake Boosted by Lafayette Investments Inc.

Lafayette Investments Inc. increased its position in shares of The Walt Disney Company (NYSE:DIS) by 1.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 36,599 shares of the entertainment giant’s stock after acquiring an additional 521 shares during the period. Lafayette Investments Inc.’s holdings in Walt Disney were worth $3,520,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. Brookstone Capital Management grew its position in Walt Disney by 9.1% in the first quarter. Brookstone Capital Management now owns 101,680 shares of the entertainment giant’s stock worth $12,442,000 after acquiring an additional 8,496 shares in the last quarter. Sovereign Financial Group Inc. increased its position in Walt Disney by 45.0% during the first quarter. Sovereign Financial Group Inc. now owns 4,699 shares of the entertainment giant’s stock worth $575,000 after buying an additional 1,459 shares during the last quarter. GoalVest Advisory LLC raised its holdings in Walt Disney by 25.1% during the first quarter. GoalVest Advisory LLC now owns 697 shares of the entertainment giant’s stock valued at $85,000 after buying an additional 140 shares in the last quarter. Wealthcare Advisory Partners LLC lifted its position in shares of Walt Disney by 3.3% in the first quarter. Wealthcare Advisory Partners LLC now owns 29,472 shares of the entertainment giant’s stock worth $3,606,000 after buying an additional 929 shares during the last quarter. Finally, Thrive Wealth Management LLC boosted its stake in shares of Walt Disney by 50.2% during the 1st quarter. Thrive Wealth Management LLC now owns 3,955 shares of the entertainment giant’s stock worth $484,000 after acquiring an additional 1,321 shares in the last quarter. Institutional investors and hedge funds own 65.71% of the company’s stock.

Walt Disney Stock Performance

DIS traded down $0.27 during trading on Thursday, reaching $95.97. 482,211 shares of the company’s stock were exchanged, compared to its average volume of 10,863,006. The company has a market capitalization of $174.96 billion, a P/E ratio of 104.61, a PEG 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. The business has a 50 day moving average price of $92.36 and a 200 day moving average price of $98.44. 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 issued its earnings results on Wednesday, August 7th. The entertainment giant reported $1.39 earnings per share 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 business had revenue of $23.20 billion for the quarter, compared to analyst estimates of $23.08 billion. During the same period in the previous year, the business earned $1.03 EPS. The firm’s revenue was up 3.9% on a year-over-year basis. As a group, analysts predict that The Walt Disney Company will post 4.92 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the company. Macquarie reduced their target price on Walt Disney from $94.00 to $91.00 and set a “neutral” rating for the company in a report on Thursday, September 19th. JPMorgan Chase & Co. reduced 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 note on Thursday, August 8th. Piper Sandler began coverage on shares of Walt Disney in a research note on Wednesday, October 16th. They issued a “neutral” rating and a $95.00 target price on the stock. Raymond James reissued a “market perform” rating on shares of Walt Disney in a research report on Tuesday, October 1st. Finally, Moffett Nathanson lowered their price target on Walt Disney from $130.00 to $125.00 and set a “buy” rating on the stock in a research report on Tuesday, July 2nd. Five equities research 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’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $118.05.

Insider Activity

In related news, Director Calvin Mcdonald purchased 11,756 shares of the firm’s stock in a transaction that occurred 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 purchase, the director now directly owns 22,313 shares in the company, valued at $1,897,943.78. This represents a 100.00 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. 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.