AMI Asset Management Corp Takes $221,000 Position in The Walt Disney Company (NYSE:DIS)

AMI Asset Management Corp purchased a new position in shares of The Walt Disney Company (NYSE:DIS) during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 2,294 shares of the entertainment giant’s stock, valued at approximately $221,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of DIS. KFG Wealth Management LLC bought a new position in Walt Disney in the first quarter valued at approximately $217,000. Abundance Wealth Counselors raised its position in Walt Disney by 2.9% during the first quarter. Abundance Wealth Counselors now owns 10,271 shares of the entertainment giant’s stock worth $1,257,000 after acquiring an additional 293 shares in the last quarter. Advisor Resource Council lifted its stake in Walt Disney by 61.0% in the first quarter. Advisor Resource Council now owns 7,490 shares of the entertainment giant’s stock valued at $916,000 after acquiring an additional 2,839 shares during the last quarter. First Trust Direct Indexing L.P. raised its holdings in shares of Walt Disney by 13.0% in the 1st quarter. First Trust Direct Indexing L.P. now owns 55,261 shares of the entertainment giant’s stock valued at $6,762,000 after purchasing an additional 6,367 shares during the period. Finally, Kaye Capital Management acquired a new position in Walt Disney during the first quarter worth approximately $209,000. 65.71% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have issued reports on DIS. Wells Fargo & Company cut their price target on Walt Disney from $136.00 to $116.00 and set an “overweight” rating for the company in a report on Thursday, August 8th. Loop Capital cut their price objective on shares of Walt Disney from $139.00 to $130.00 and set a “buy” rating for the company in a research report on Tuesday, July 30th. Deutsche Bank Aktiengesellschaft reduced their price target on Walt Disney from $130.00 to $115.00 and set a “buy” rating for the company in a research note on Thursday, August 8th. Moffett Nathanson lowered their price objective 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. Finally, Needham & Company LLC reissued a “buy” rating and issued a $110.00 target price on shares of Walt Disney in a research report on Wednesday, October 23rd. Five investment 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, the company currently has an average rating of “Moderate Buy” and an average price target of $118.05.

Insider Transactions at Walt Disney

In other Walt Disney news, Director Calvin Mcdonald bought 11,756 shares of the business’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 transaction, the director now directly owns 22,313 shares in the company, valued at approximately $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 Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.10% of the company’s stock.

Walt Disney Price Performance

Shares of NYSE:DIS opened at $96.13 on Wednesday. The firm has a 50 day simple moving average of $92.84 and a 200 day simple moving average of $97.71. The company has a market cap of $175.25 billion, a price-to-earnings ratio of 104.49, a PEG ratio of 1.49 and a beta of 1.40. The Walt Disney Company has a one year low of $79.53 and a one year high of $123.74. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.72 and a quick ratio of 0.66.

Walt Disney (NYSE:DIS) last released its quarterly earnings data 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. The company had revenue of $23.20 billion for the quarter, compared to the consensus estimate of $23.08 billion. Walt Disney had a return on equity of 8.64% and a net margin of 5.30%. Walt Disney’s revenue for the quarter was up 3.9% on a year-over-year basis. During the same quarter last year, the business posted $1.03 EPS. Research analysts predict 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.