Mutual Advisors LLC Raises Holdings in The Walt Disney Company (NYSE:DIS)

Mutual Advisors LLC lifted its position in shares of The Walt Disney Company (NYSE:DIS) by 2.7% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 83,951 shares of the entertainment giant’s stock after acquiring an additional 2,188 shares during the quarter. Mutual Advisors LLC’s holdings in Walt Disney were worth $8,009,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in DIS. Jennison Associates LLC purchased a new position in Walt Disney during the 1st quarter valued at about $1,490,492,000. Mirae Asset Global Investments Co. Ltd. increased its holdings in Walt Disney by 4.2% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 556,658 shares of the entertainment giant’s stock worth $68,113,000 after acquiring an additional 22,568 shares during the period. Nordea Investment Management AB lifted its stake in Walt Disney by 555.9% in the 1st quarter. Nordea Investment Management AB now owns 956,788 shares of the entertainment giant’s stock worth $117,599,000 after purchasing an additional 810,923 shares in the last quarter. PGGM Investments bought a new position in Walt Disney in the 1st quarter valued at $1,036,000. Finally, Advisors Asset Management Inc. grew its position in shares of Walt Disney by 30.8% during the 1st quarter. Advisors Asset Management Inc. now owns 25,987 shares of the entertainment giant’s stock valued at $3,180,000 after purchasing an additional 6,118 shares in the last quarter. Hedge funds and other institutional investors own 65.71% of the company’s stock.

Analyst Upgrades and Downgrades

DIS has been the subject of several research analyst reports. Evercore ISI dropped their price objective on Walt Disney from $128.00 to $105.00 and set an “outperform” rating for the company in a research note on Thursday, August 8th. Loop Capital dropped their price target on 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 decreased their price objective on shares of Walt Disney from $130.00 to $115.00 and set a “buy” rating on the stock in a research report on Thursday, August 8th. Moffett Nathanson cut their price target on shares of Walt Disney from $130.00 to $125.00 and set a “buy” rating for the company in a research note on Tuesday, July 2nd. Finally, Seaport Res Ptn raised shares of Walt Disney from a “hold” rating to a “strong-buy” rating in a report on Monday, September 30th. Five investment analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Walt Disney has an average rating of “Moderate Buy” and a consensus price target of $118.05.

Insider Buying and Selling at Walt Disney

In other news, Director Calvin Mcdonald purchased 11,756 shares of the company’s stock in a transaction dated Thursday, August 8th. The shares were purchased at an average cost of $85.06 per share, for a total transaction of $999,965.36. Following the purchase, 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 position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Company insiders own 0.10% of the company’s stock.

Walt Disney Price Performance

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

Walt Disney (NYSE:DIS) last announced its quarterly earnings results on Wednesday, August 7th. The entertainment giant reported $1.39 EPS for the quarter, topping analysts’ consensus estimates of $1.20 by $0.19. The firm had revenue of $23.20 billion during the quarter, compared to analyst estimates of $23.08 billion. Walt Disney had a net margin of 5.30% and a return on equity of 8.64%. The business’s revenue for the quarter was up 3.9% on a year-over-year basis. During the same period in the previous year, the business posted $1.03 earnings per share. On average, sell-side analysts forecast that The Walt Disney Company will post 4.92 EPS for the current year.

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.