Schrum Private Wealth Management LLC Raises Holdings in The Walt Disney Company (NYSE:DIS)

Schrum Private Wealth Management LLC lifted its stake in The Walt Disney Company (NYSE:DIS) by 53.3% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 7,390 shares of the entertainment giant’s stock after purchasing an additional 2,570 shares during the quarter. Schrum Private Wealth Management LLC’s holdings in Walt Disney were worth $711,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the stock. ESL Trust Services LLC purchased a new position in shares of Walt Disney in the first quarter worth $31,000. William B. Walkup & Associates Inc. purchased a new position in Walt Disney in the 2nd quarter worth $32,000. Mascoma Wealth Management LLC raised its stake in Walt Disney by 38.0% in the 2nd quarter. Mascoma Wealth Management LLC now owns 443 shares of the entertainment giant’s stock worth $44,000 after acquiring an additional 122 shares during the last quarter. First PREMIER Bank grew its stake in Walt Disney by 98.1% during the 3rd quarter. First PREMIER Bank now owns 517 shares of the entertainment giant’s stock valued at $50,000 after purchasing an additional 256 shares during the last quarter. Finally, Iron Horse Wealth Management LLC increased its holdings in shares of Walt Disney by 148.7% in the second quarter. Iron Horse Wealth Management LLC now owns 557 shares of the entertainment giant’s stock valued at $55,000 after purchasing an additional 333 shares during the period. 65.71% of the stock is currently owned by institutional investors and hedge funds.

Walt Disney Price Performance

Shares of NYSE DIS traded up $0.42 during trading on Wednesday, hitting $101.41. The company had a trading volume of 2,438,721 shares, compared to its average volume of 10,674,756. The firm has a market capitalization of $183.92 billion, a price-to-earnings ratio of 38.85, a price-to-earnings-growth ratio of 1.64 and a beta of 1.40. The stock has a fifty day simple moving average of $94.35 and a two-hundred day simple moving average of $96.65. 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 Walt Disney Company has a fifty-two week low of $83.91 and a fifty-two week high of $123.74.

Analysts Set New Price Targets

A number of research firms recently commented on DIS. JPMorgan Chase & Co. decreased their target price on Walt Disney from $135.00 to $125.00 and set an “overweight” rating for the company in a report on Thursday, August 8th. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Walt Disney from $130.00 to $115.00 and set a “buy” rating on the stock in a report on Thursday, August 8th. Wells Fargo & Company reduced their target price on shares of Walt Disney from $136.00 to $116.00 and set an “overweight” rating for the company in a report on Thursday, August 8th. Evercore ISI upped their price target on shares of Walt Disney from $105.00 to $128.00 and gave the company an “outperform” rating in a report on Tuesday. Finally, Seaport Res Ptn upgraded Walt Disney from a “hold” rating to a “strong-buy” rating in a research note on Monday, September 30th. Four research analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Walt Disney has an average rating of “Moderate Buy” and an average target price of $119.14.

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.