Capital Performance Advisors LLP Buys New Position in The Walt Disney Company (NYSE:DIS)

Capital Performance Advisors LLP acquired a new position in The Walt Disney Company (NYSE:DIS) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 1,789 shares of the entertainment giant’s stock, valued at approximately $172,000.

Several other large investors have also added to or reduced their stakes in DIS. Capital World Investors grew its holdings in Walt Disney by 3,332.4% during the 1st quarter. Capital World Investors now owns 6,267,593 shares of the entertainment giant’s stock valued at $766,903,000 after buying an additional 6,084,993 shares in the last quarter. Swedbank AB bought a new position in Walt Disney during the 1st quarter valued at about $493,715,000. Farallon Capital Management LLC bought a new position in Walt Disney during the 2nd quarter valued at about $355,673,000. Ontario Teachers Pension Plan Board purchased a new stake in Walt Disney in the 1st quarter worth about $425,567,000. Finally, International Assets Investment Management LLC lifted its stake in Walt Disney by 12,574.4% in the third quarter. International Assets Investment Management LLC now owns 3,426,393 shares of the entertainment giant’s stock worth $329,585,000 after purchasing an additional 3,399,359 shares during the last quarter. Hedge funds and other institutional investors own 65.71% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on DIS shares. Wells Fargo & Company decreased their price target 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. Needham & Company LLC reiterated a “buy” rating and set a $110.00 target price on shares of Walt Disney in a research report on Wednesday, October 23rd. Macquarie lowered their target price 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. Barclays reduced their price target on shares of Walt Disney from $130.00 to $105.00 and set an “overweight” rating on the stock in a research note on Thursday, August 8th. Finally, UBS Group lowered their price objective on shares of Walt Disney from $130.00 to $120.00 and set a “buy” rating for the company in a research report on Thursday, August 8th. Five investment analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $118.05.

Walt Disney Stock Performance

NYSE:DIS traded down $0.52 during trading hours on Friday, hitting $98.41. 1,390,788 shares of the company were exchanged, compared to its average volume of 10,695,448. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.72 and a quick ratio of 0.66. The Walt Disney Company has a 52-week low of $83.91 and a 52-week high of $123.74. The stock has a market capitalization of $178.48 billion, a price-to-earnings ratio of 38.05, a PEG ratio of 1.52 and a beta of 1.40. The company’s 50 day moving average price is $93.54 and its 200-day moving average price is $97.12.

Walt Disney (NYSE:DIS) last issued its earnings results on Wednesday, August 7th. The entertainment giant reported $1.39 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.20 by $0.19. The company had revenue of $23.20 billion during the quarter, compared to analyst estimates of $23.08 billion. Walt Disney had a return on equity of 8.64% and a net margin of 5.30%. The firm’s quarterly revenue was up 3.9% on a year-over-year basis. During the same quarter last year, the business posted $1.03 EPS. As a group, research analysts forecast that The Walt Disney Company will post 4.93 earnings per share for the current 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.