Highline Wealth Partners LLC Purchases Shares of 9,874 The Walt Disney Company (NYSE:DIS)

Highline Wealth Partners LLC acquired a new position in shares of The Walt Disney Company (NYSE:DIS) in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 9,874 shares of the entertainment giant’s stock, valued at approximately $950,000.

Several other institutional investors and hedge funds also recently made changes to their positions in DIS. Regent Peak Wealth Advisors LLC grew its holdings in shares of Walt Disney by 3.5% during the first quarter. Regent Peak Wealth Advisors LLC now owns 2,801 shares of the entertainment giant’s stock worth $343,000 after purchasing an additional 94 shares in the last quarter. Horizon Bancorp Inc. IN grew its stake in Walt Disney by 6.1% in the 1st quarter. Horizon Bancorp Inc. IN now owns 1,674 shares of the entertainment giant’s stock worth $205,000 after buying an additional 96 shares in the last quarter. KFA Private Wealth Group LLC increased its holdings in shares of Walt Disney by 4.1% in the 1st quarter. KFA Private Wealth Group LLC now owns 2,691 shares of the entertainment giant’s stock worth $329,000 after buying an additional 106 shares during the last quarter. Transcendent Capital Group LLC raised its position in shares of Walt Disney by 1.4% during the 1st quarter. Transcendent Capital Group LLC now owns 7,912 shares of the entertainment giant’s stock valued at $968,000 after buying an additional 108 shares in the last quarter. Finally, ADE LLC lifted its holdings in shares of Walt Disney by 4.6% during the 2nd quarter. ADE LLC now owns 2,509 shares of the entertainment giant’s stock worth $249,000 after acquiring an additional 110 shares during the last quarter. Institutional investors and hedge funds own 65.71% of the company’s stock.

Walt Disney Price Performance

DIS opened at $95.73 on Wednesday. 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 stock has a market capitalization of $174.52 billion, a PE ratio of 104.49, a price-to-earnings-growth ratio of 1.49 and a beta of 1.40. The stock’s 50 day moving average price is $92.84 and its 200-day moving average price is $97.71. The Walt Disney Company has a 52-week low of $80.18 and a 52-week high of $123.74.

Walt Disney (NYSE:DIS) last issued its quarterly earnings data on Wednesday, August 7th. The entertainment giant reported $1.39 earnings per share (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 the consensus estimate of $23.08 billion. During the same period in the previous year, the firm earned $1.03 EPS. The company’s quarterly revenue was up 3.9% compared to the same quarter last year. On average, equities research analysts predict that The Walt Disney Company will post 4.92 EPS for the current year.

Insider Buying and Selling

In other news, Director Calvin Mcdonald acquired 11,756 shares of the business’s stock in a transaction on Thursday, August 8th. The shares were acquired at an average cost 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 $1,897,943.78. The trade was a 100.00 % increase in their position. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. 0.10% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on DIS. Bank of America lowered their price target on Walt Disney from $145.00 to $120.00 and set a “buy” rating on the stock in a research report on Thursday, August 8th. Needham & Company LLC reissued a “buy” rating and set a $110.00 price objective on shares of Walt Disney in a report on Wednesday, October 23rd. Wells Fargo & Company cut their target price on Walt Disney from $136.00 to $116.00 and set an “overweight” rating for the company in a research note on Thursday, August 8th. Evercore ISI decreased their price target on shares of Walt Disney from $128.00 to $105.00 and set an “outperform” rating on the stock in a research note on Thursday, August 8th. Finally, Macquarie cut their price objective on shares of Walt Disney from $94.00 to $91.00 and set a “neutral” rating for the company in a research note on Thursday, September 19th. Five investment 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 company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $118.05.

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.