Catalyst Capital Advisors LLC Has $1.11 Million Stake in The Walt Disney Company (NYSE:DIS)

Catalyst Capital Advisors LLC grew its holdings in The Walt Disney Company (NYSE:DIS) by 51.9% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 11,567 shares of the entertainment giant’s stock after purchasing an additional 3,950 shares during the period. Catalyst Capital Advisors LLC’s holdings in Walt Disney were worth $1,113,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Rational Advisors LLC lifted its stake in Walt Disney by 481.0% in the 3rd quarter. Rational Advisors LLC now owns 14,200 shares of the entertainment giant’s stock worth $1,366,000 after acquiring an additional 11,756 shares in the last quarter. Impax Asset Management Group plc boosted its holdings in shares of Walt Disney by 4.5% during the third quarter. Impax Asset Management Group plc now owns 644,017 shares of the entertainment giant’s stock worth $61,948,000 after purchasing an additional 27,806 shares during the period. Quintet Private Bank Europe S.A. boosted its holdings in shares of Walt Disney by 13.5% during the third quarter. Quintet Private Bank Europe S.A. now owns 651,962 shares of the entertainment giant’s stock worth $62,712,000 after purchasing an additional 77,364 shares during the period. QRG Capital Management Inc. increased its stake in Walt Disney by 0.3% in the 3rd quarter. QRG Capital Management Inc. now owns 141,539 shares of the entertainment giant’s stock valued at $13,615,000 after buying an additional 376 shares during the period. Finally, National Pension Service lifted its position in Walt Disney by 14.6% in the 3rd quarter. National Pension Service now owns 3,702,049 shares of the entertainment giant’s stock worth $356,100,000 after buying an additional 471,240 shares in the last quarter. Institutional investors and hedge funds own 65.71% of the company’s stock.

Analyst Ratings Changes

DIS has been the topic of several research analyst reports. Loop Capital lowered their price target on shares of Walt Disney from $139.00 to $130.00 and set a “buy” rating on the stock in a report on Tuesday, July 30th. UBS Group dropped their target price on Walt Disney from $130.00 to $120.00 and set a “buy” rating on the stock in a research report on Thursday, August 8th. Bank of America reduced their price target on Walt Disney from $145.00 to $120.00 and set a “buy” rating for the company in a report on Thursday, August 8th. Piper Sandler began coverage on Walt Disney in a report on Wednesday, October 16th. They issued a “neutral” rating and a $95.00 price objective on the stock. Finally, Evercore ISI reduced their target price on shares of Walt Disney from $128.00 to $105.00 and set an “outperform” rating for the company in a research note on Thursday, August 8th. Five research analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $118.05.

Walt Disney Stock Up 0.9 %

DIS opened at $96.66 on Wednesday. The business has a 50 day moving average of $93.36 and a 200-day moving average of $97.11. The stock has a market capitalization of $175.30 billion, a price-to-earnings ratio of 37.18, a P/E/G ratio of 1.52 and a beta of 1.40. The company has a current ratio of 0.72, a quick ratio of 0.66 and a debt-to-equity ratio of 0.38. The Walt Disney Company has a 1-year low of $83.59 and a 1-year high of $123.74.

Walt Disney (NYSE:DIS) last issued its quarterly earnings results 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 firm had revenue of $23.20 billion during the quarter, compared to the consensus estimate of $23.08 billion. During the same period in the prior year, the firm earned $1.03 EPS. The business’s revenue was up 3.9% on a year-over-year basis. As a group, sell-side analysts anticipate that The Walt Disney Company will post 4.93 earnings per share for the current year.

Insider Activity

In other news, Director Calvin Mcdonald purchased 11,756 shares of the stock in a transaction that occurred on 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 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 trade was a 100.00 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.10% of the stock is owned by company insiders.

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.