Asset Dedication LLC Buys 1,809 Shares of The Walt Disney Company (NYSE:DIS)

Asset Dedication LLC grew its stake in The Walt Disney Company (NYSE:DIS) by 5.2% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 36,777 shares of the entertainment giant’s stock after purchasing an additional 1,809 shares during the quarter. Asset Dedication LLC’s holdings in Walt Disney were worth $3,652,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the stock. ESL Trust Services LLC acquired a new stake in Walt Disney during the first quarter worth approximately $31,000. Gold Investment Management Ltd. bought a new position in shares of Walt Disney during the fourth quarter worth approximately $28,000. Partnership Wealth Management LLC acquired a new stake in Walt Disney during the 4th quarter worth approximately $33,000. Red Tortoise LLC boosted its stake in Walt Disney by 141.4% in the 1st 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 period. Finally, Frank Rimerman Advisors LLC acquired a new position in Walt Disney in the 4th quarter valued at $37,000. Institutional investors and hedge funds own 65.71% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on DIS shares. Barclays reduced their target price on shares of Walt Disney from $130.00 to $105.00 and set an “overweight” rating for the company in a research report on Thursday, August 8th. Bank of America dropped their price target on Walt Disney from $145.00 to $120.00 and set a “buy” rating for the company in a research note on Thursday, August 8th. Deutsche Bank Aktiengesellschaft lowered their price objective 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. The Goldman Sachs Group assumed coverage on Walt Disney in a research report on Tuesday, June 25th. They set a “buy” rating and a $125.00 price objective for the company. Finally, Loop Capital dropped their target price on shares of Walt Disney from $139.00 to $130.00 and set a “buy” rating for the company in a report on Tuesday, July 30th. Three equities research analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $117.95.

Walt Disney Trading Down 0.8 %

NYSE:DIS opened at $87.94 on Friday. The Walt Disney Company has a 52 week low of $78.73 and a 52 week high of $123.74. 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 firm’s fifty day moving average is $91.98 and its 200-day moving average is $103.22. The firm has a market cap of $160.32 billion, a P/E ratio of 95.59, a P/E/G ratio of 1.34 and a beta of 1.40.

Walt Disney (NYSE:DIS) last issued its quarterly 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. Walt Disney had a net margin of 5.30% and a return on equity of 8.64%. The business had revenue of $23.20 billion for the quarter, compared to analysts’ expectations of $23.08 billion. During the same quarter in the prior year, the firm posted $1.03 earnings per share. The business’s quarterly revenue was up 3.9% compared to the same quarter last year. Equities analysts expect that The Walt Disney Company will post 4.92 earnings per share for the current year.

Insider Buying and Selling

In other Walt Disney news, Director Calvin Mcdonald purchased 11,756 shares of the business’s stock in a transaction 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 acquisition, the director now owns 22,313 shares of the company’s stock, valued at $1,897,943.78. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.10% of the stock is currently owned by 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.