Hedges Asset Management LLC Grows Stock Position in The Walt Disney Company (NYSE:DIS)

Hedges Asset Management LLC lifted its stake in The Walt Disney Company (NYSE:DIS) by 13.6% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 10,450 shares of the entertainment giant’s stock after purchasing an additional 1,250 shares during the period. Hedges Asset Management LLC’s holdings in Walt Disney were worth $1,005,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of DIS. LVW Advisors LLC boosted its holdings in shares of Walt Disney by 10.0% in the 1st quarter. LVW Advisors LLC now owns 4,434 shares of the entertainment giant’s stock valued at $543,000 after buying an additional 403 shares in the last quarter. Kowal Investment Group LLC purchased a new position in shares of Walt Disney during the first quarter worth about $257,000. Miracle Mile Advisors LLC lifted its holdings in shares of Walt Disney by 2.0% in the 1st quarter. Miracle Mile Advisors LLC now owns 33,598 shares of the entertainment giant’s stock valued at $4,111,000 after purchasing an additional 663 shares during the last quarter. Claro Advisors LLC grew its stake in Walt Disney by 4.0% during the 1st quarter. Claro Advisors LLC now owns 14,674 shares of the entertainment giant’s stock worth $1,795,000 after buying an additional 563 shares during the last quarter. Finally, Silvia Mccoll Wealth Management LLC increased its position in Walt Disney by 5.7% during the first quarter. Silvia Mccoll Wealth Management LLC now owns 3,781 shares of the entertainment giant’s stock worth $443,000 after buying an additional 205 shares during the period. 65.71% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, Director Calvin Mcdonald acquired 11,756 shares of the business’s stock in a transaction that occurred on Thursday, August 8th. The stock was purchased at an average cost of $85.06 per share, for a total transaction of $999,965.36. Following the transaction, the director now directly owns 22,313 shares of the company’s stock, valued at approximately $1,897,943.78. This trade represents a 100.00 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 0.10% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on DIS shares. 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 research report on Thursday, August 8th. Raymond James restated a “market perform” rating on shares of Walt Disney in a research note on Tuesday, October 1st. Seaport Res Ptn upgraded shares of Walt Disney from a “hold” rating to a “strong-buy” rating in a research note on Monday, September 30th. UBS Group dropped their price target on Walt Disney from $130.00 to $120.00 and set a “buy” rating on the stock in a research report on Thursday, August 8th. Finally, Piper Sandler assumed coverage on Walt Disney in a research report on Wednesday, October 16th. They set a “neutral” rating and a $95.00 price objective for the company. Five equities research analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $118.05.

Walt Disney Trading Down 0.4 %

Shares of Walt Disney stock opened at $95.03 on Monday. The company has a 50-day moving average of $92.61 and a two-hundred day moving average of $97.99. The Walt Disney Company has a 12-month low of $79.23 and a 12-month high of $123.74. The company has a current ratio of 0.72, a quick ratio of 0.66 and a debt-to-equity ratio of 0.38. The stock has a market cap of $173.24 billion, a PE ratio of 103.29, a price-to-earnings-growth ratio of 1.49 and a beta of 1.40.

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

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.