Moss Adams Wealth Advisors LLC Has $408,000 Stake in The Walt Disney Company (NYSE:DIS)

Moss Adams Wealth Advisors LLC increased its stake in shares of The Walt Disney Company (NYSE:DIS) by 10.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 4,237 shares of the entertainment giant’s stock after purchasing an additional 391 shares during the quarter. Moss Adams Wealth Advisors LLC’s holdings in Walt Disney were worth $408,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Vaughan Nelson Investment Management L.P. increased its stake in shares of Walt Disney by 84.6% in the first quarter. Vaughan Nelson Investment Management L.P. now owns 2,000,267 shares of the entertainment giant’s stock worth $244,754,000 after acquiring an additional 916,772 shares during the last quarter. Jennison Associates LLC purchased a new stake in shares of Walt Disney during the 1st quarter worth about $1,490,492,000. Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of Walt Disney by 4.2% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 556,658 shares of the entertainment giant’s stock valued at $68,113,000 after buying an additional 22,568 shares during the last quarter. Rheos Capital Works Inc. grew its stake in shares of Walt Disney by 41.3% in the 1st quarter. Rheos Capital Works Inc. now owns 175,900 shares of the entertainment giant’s stock valued at $21,523,000 after buying an additional 51,400 shares in the last quarter. Finally, Nordea Investment Management AB increased its holdings in Walt Disney by 555.9% in the first quarter. Nordea Investment Management AB now owns 956,788 shares of the entertainment giant’s stock worth $117,599,000 after buying an additional 810,923 shares during the last quarter. 65.71% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

DIS has been the subject of several recent research reports. Wells Fargo & Company decreased their target price 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. Macquarie decreased their price objective on shares of Walt Disney from $94.00 to $91.00 and set a “neutral” rating for the company in a report on Thursday, September 19th. Loop Capital cut their target price on Walt Disney from $139.00 to $130.00 and set a “buy” rating on the stock in a report on Tuesday, July 30th. Barclays decreased their price target on Walt Disney from $130.00 to $105.00 and set an “overweight” rating for the company in a research note on Thursday, August 8th. Finally, Seaport Res Ptn raised Walt Disney from a “hold” rating to a “strong-buy” rating in a research note on Monday, September 30th. Five investment analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $118.05.

Insider Activity at Walt Disney

In other Walt Disney news, Director Calvin Mcdonald purchased 11,756 shares of the stock in a transaction on Thursday, August 8th. The shares were purchased at an average price of $85.06 per share, with a total value of $999,965.36. Following the acquisition, the director now directly owns 22,313 shares of the company’s stock, valued at $1,897,943.78. This represents a 100.00 % increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 0.10% of the stock is currently owned by corporate insiders.

Walt Disney Stock Performance

NYSE:DIS opened at $97.29 on Friday. The firm’s 50-day moving average is $91.72 and its 200-day moving average is $99.06. The company has a market cap of $177.36 billion, a price-to-earnings ratio of 105.75, a PEG ratio of 1.49 and a beta of 1.40. 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 Walt Disney Company has a 52-week low of $79.23 and a 52-week high of $123.74.

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

Walt Disney Company 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.