Pallas Capital Advisors LLC Purchases 33,366 Shares of The Walt Disney Company (NYSE:DIS)

Pallas Capital Advisors LLC grew its holdings in shares of The Walt Disney Company (NYSE:DIS) by 729.0% during the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 37,943 shares of the entertainment giant’s stock after buying an additional 33,366 shares during the quarter. Pallas Capital Advisors LLC’s holdings in Walt Disney were worth $3,620,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. ESL Trust Services LLC bought a new position in Walt Disney in the 1st quarter valued at $31,000. William B. Walkup & Associates Inc. bought a new position in shares of Walt Disney in the second quarter worth about $32,000. Mascoma Wealth Management LLC grew its holdings in shares of Walt Disney by 38.0% in the second quarter. Mascoma Wealth Management LLC now owns 443 shares of the entertainment giant’s stock worth $44,000 after purchasing an additional 122 shares during the last quarter. Red Tortoise LLC increased 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 worth $45,000 after buying an additional 215 shares during the period. Finally, First PREMIER Bank lifted its holdings in Walt Disney by 98.1% during the 3rd quarter. First PREMIER Bank now owns 517 shares of the entertainment giant’s stock valued at $50,000 after buying an additional 256 shares in the last quarter. 65.71% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts have recently commented on DIS shares. Evercore ISI reduced 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. Bank of America reduced their price objective on Walt Disney from $145.00 to $120.00 and set a “buy” rating on the stock in a report on Thursday, August 8th. Loop Capital lowered their target price on Walt Disney from $139.00 to $130.00 and set a “buy” rating for the company in a report on Tuesday, July 30th. Deutsche Bank Aktiengesellschaft dropped their price target on Walt Disney from $130.00 to $115.00 and set a “buy” rating on the stock in a research report on Thursday, August 8th. Finally, UBS Group decreased their price objective on Walt Disney from $130.00 to $120.00 and set a “buy” rating for the company in a report on Thursday, August 8th. Five equities research analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $118.05.

Walt Disney Stock Performance

Shares of DIS stock opened at $96.20 on Tuesday. 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 company has a market cap of $175.38 billion, a PE ratio of 104.57, a PEG ratio of 1.49 and a beta of 1.40. The Walt Disney Company has a 12-month low of $79.53 and a 12-month high of $123.74. The business’s fifty day simple moving average is $92.72 and its 200-day simple moving average is $97.84.

Walt Disney (NYSE:DIS) last announced its earnings results on Wednesday, August 7th. The entertainment giant reported $1.39 earnings per share (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 company had revenue of $23.20 billion for the quarter, compared to analyst estimates of $23.08 billion. During the same period in the prior year, the company posted $1.03 EPS. The firm’s quarterly revenue was up 3.9% compared to the same quarter last year. Analysts expect that The Walt Disney Company will post 4.92 earnings per share for the current fiscal year.

Insider Activity at Walt Disney

In related news, Director Calvin Mcdonald bought 11,756 shares of the company’s stock in a transaction on Thursday, August 8th. The shares were bought at an average price of $85.06 per share, with a total value of $999,965.36. Following the transaction, the director now owns 22,313 shares in the company, valued at approximately $1,897,943.78. This trade represents a 100.00 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.10% of the stock is currently owned by insiders.

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.