Global Financial Private Client LLC Grows Position in The Walt Disney Company (NYSE:DIS)

Global Financial Private Client LLC increased its position in The Walt Disney Company (NYSE:DIS) by 145.3% during the 2nd quarter, Holdings Channel.com reports. The firm owned 13,511 shares of the entertainment giant’s stock after purchasing an additional 8,003 shares during the period. Global Financial Private Client LLC’s holdings in Walt Disney were worth $1,342,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. ESL Trust Services LLC purchased a new stake in shares of Walt Disney in the 1st quarter worth about $31,000. Gold Investment Management Ltd. purchased a new stake in Walt Disney in the fourth quarter worth about $28,000. Partnership Wealth Management LLC bought a new position in shares of Walt Disney during the fourth quarter valued at approximately $33,000. Red Tortoise LLC lifted its holdings in shares of Walt Disney by 141.4% during the first quarter. Red Tortoise LLC now owns 367 shares of the entertainment giant’s stock valued at $45,000 after purchasing an additional 215 shares during the last quarter. Finally, PFG Private Wealth Management LLC boosted its position in shares of Walt Disney by 32.1% in the 1st quarter. PFG Private Wealth Management LLC now owns 412 shares of the entertainment giant’s stock worth $50,000 after purchasing an additional 100 shares in the last quarter. Institutional investors own 65.71% of the company’s stock.

Wall Street Analysts Forecast Growth

DIS has been the subject of a number of recent research reports. Evercore ISI lowered 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. Barclays cut their price objective on shares of Walt Disney from $130.00 to $105.00 and set an “overweight” rating on the stock in a research report on Thursday, August 8th. Moffett Nathanson decreased their target price on shares of Walt Disney from $130.00 to $125.00 and set a “buy” rating for the company in a report on Tuesday, July 2nd. Loop Capital cut 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. Finally, Deutsche Bank Aktiengesellschaft reduced their price target on shares of Walt Disney from $130.00 to $115.00 and set a “buy” rating for the company in a research report on Thursday, August 8th. Three investment analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $117.95.

Walt Disney Stock Performance

Shares of NYSE:DIS traded up $0.57 during trading on Friday, hitting $90.38. The company’s stock had a trading volume of 8,401,126 shares, compared to its average volume of 11,458,939. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.75 and a quick ratio of 0.69. The firm has a market cap of $164.77 billion, a price-to-earnings ratio of 98.24, a P/E/G ratio of 1.15 and a beta of 1.40. The company has a 50-day moving average of $93.47 and a 200-day moving average of $104.17. The Walt Disney Company has a 12 month low of $78.73 and a 12 month high of $123.74.

Walt Disney (NYSE:DIS) last announced its earnings results on Wednesday, August 7th. The entertainment giant reported $1.39 EPS for the quarter, beating analysts’ consensus estimates of $1.20 by $0.19. The business had revenue of $23.20 billion during the quarter, compared to analysts’ expectations of $23.08 billion. Walt Disney had a net margin of 1.90% and a return on equity of 8.37%. The firm’s revenue was up 3.9% on a year-over-year basis. During the same period in the prior year, the company earned $1.03 earnings per share. On average, sell-side analysts expect that The Walt Disney Company will post 4.77 earnings per share for the current year.

Insider Transactions at Walt Disney

In related news, Director Calvin Mcdonald bought 11,756 shares of the stock in a transaction that occurred on Thursday, August 8th. The shares were bought at an average cost of $85.06 per share, for a total transaction of $999,965.36. Following the completion of the transaction, the director now owns 22,313 shares of the company’s stock, valued at $1,897,943.78. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.10% of the stock is currently owned by company insiders.

About Walt Disney

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.