Clearstead Trust LLC Has $1.76 Million Stake in The Walt Disney Company (NYSE:DIS)

Clearstead Trust LLC raised its stake in shares of The Walt Disney Company (NYSE:DIS) by 0.8% in the second quarter, according to its most recent 13F filing with the SEC. The fund owned 17,766 shares of the entertainment giant’s stock after purchasing an additional 148 shares during the period. Clearstead Trust LLC’s holdings in Walt Disney were worth $1,764,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the stock. Gryphon Financial Partners LLC bought a new position in shares of Walt Disney during the 4th quarter worth approximately $603,000. Dynamic Technology Lab Private Ltd bought a new stake in shares of Walt Disney in the 4th quarter worth approximately $1,239,000. Coldstream Capital Management Inc. raised its holdings in shares of Walt Disney by 30.1% in the 4th quarter. Coldstream Capital Management Inc. now owns 28,456 shares of the entertainment giant’s stock worth $2,569,000 after purchasing an additional 6,583 shares during the period. Balentine LLC raised its holdings in shares of Walt Disney by 28.4% in the 4th quarter. Balentine LLC now owns 8,834 shares of the entertainment giant’s stock worth $798,000 after purchasing an additional 1,955 shares during the period. Finally, Sachetta LLC bought a new stake in shares of Walt Disney in the 4th quarter worth approximately $868,000. Institutional investors and hedge funds own 65.71% of the company’s stock.

Analyst Upgrades and Downgrades

DIS has been the topic of a number of analyst reports. UBS Group lowered their target price on shares of Walt Disney from $130.00 to $120.00 and set a “buy” rating on the stock in a report on Thursday, August 8th. Evercore ISI lowered their target price on shares of Walt Disney from $128.00 to $105.00 and set an “outperform” rating on the stock in a report on Thursday, August 8th. Macquarie lowered their target price on shares of Walt Disney from $107.00 to $94.00 and set a “neutral” rating on the stock in a report on Monday, August 12th. Loop Capital lowered their target price 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, Wells Fargo & Company reduced their price target on shares of Walt Disney from $136.00 to $116.00 and set an “overweight” 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 company’s stock. According to data from MarketBeat.com, Walt Disney presently has a consensus rating of “Moderate Buy” and an average price target of $117.95.

Walt Disney Stock Performance

Walt Disney stock opened at $91.84 on Tuesday. 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 company has a market capitalization of $166.56 billion, a PE ratio of 99.83, a P/E/G ratio of 1.31 and a beta of 1.40. The firm has a fifty day simple moving average of $90.95 and a two-hundred day simple moving average of $102.35. The Walt Disney Company has a twelve month low of $78.73 and a twelve month high of $123.74.

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

Insiders Place Their Bets

In other Walt Disney news, Director Calvin Mcdonald purchased 11,756 shares of the stock in a transaction on Thursday, August 8th. The stock was acquired at an average cost of $85.06 per share, with a total value 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 acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.10% of the stock is currently owned by 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.