61,329 Shares in The Walt Disney Company (NYSE:DIS) Purchased by Quantbot Technologies LP

Quantbot Technologies LP acquired a new stake in The Walt Disney Company (NYSE:DIS) in the 2nd quarter, according to the company in its most recent filing with the SEC. The firm acquired 61,329 shares of the entertainment giant’s stock, valued at approximately $6,089,000.

Other hedge funds have also recently modified their holdings of the company. Gold Investment Management Ltd. bought a new stake in Walt Disney during the fourth quarter worth $28,000. ESL Trust Services LLC purchased a new stake in Walt Disney during the first quarter worth about $31,000. Frank Rimerman Advisors LLC purchased a new stake in Walt Disney during the fourth quarter worth about $37,000. Mascoma Wealth Management LLC lifted its stake in Walt Disney by 38.0% in the second quarter. Mascoma Wealth Management LLC now owns 443 shares of the entertainment giant’s stock valued at $44,000 after purchasing an additional 122 shares during the last quarter. Finally, Beaird Harris Wealth Management LLC lifted its position in shares of Walt Disney by 30.7% during the 4th quarter. Beaird Harris Wealth Management LLC now owns 498 shares of the entertainment giant’s stock valued at $45,000 after buying an additional 117 shares during the last quarter. Institutional investors own 65.71% of the company’s stock.

Analyst Ratings Changes

DIS has been the topic of a number of research reports. Wells Fargo & Company lowered their price objective on Walt Disney from $136.00 to $116.00 and set an “overweight” rating on the stock in a research note on Thursday, August 8th. Raymond James reduced their target price on shares of Walt Disney from $123.00 to $101.00 and set an “outperform” rating for the company in a research note on Thursday, August 8th. Deutsche Bank Aktiengesellschaft cut their price objective on shares of Walt Disney from $130.00 to $115.00 and set a “buy” rating for the company in a report on Thursday, August 8th. Bank of America lowered their target price on shares of Walt Disney from $145.00 to $120.00 and set a “buy” rating on the stock in a report on Thursday, August 8th. Finally, Barclays cut their price target on Walt Disney from $130.00 to $105.00 and set an “overweight” rating for the company in a report on Thursday, August 8th. Three investment analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $117.95.

Walt Disney Price Performance

DIS stock opened at $90.55 on Monday. The firm has a 50 day simple moving average of $91.06 and a two-hundred day simple moving average of $102.49. The stock has a market cap of $164.22 billion, a PE ratio of 98.42, a P/E/G ratio of 1.31 and a beta of 1.40. The Walt Disney Company has a one year low of $78.73 and a one year high of $123.74. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.72 and a quick ratio of 0.66.

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, topping the consensus estimate of $1.20 by $0.19. Walt Disney had a net margin of 5.30% and a return on equity of 8.64%. The company had revenue of $23.20 billion during the quarter, compared to analyst estimates of $23.08 billion. During the same period in the previous year, the business earned $1.03 earnings per share. The firm’s quarterly revenue was up 3.9% compared to the same quarter last year. On average, analysts predict that The Walt Disney Company will post 4.92 EPS for the current fiscal year.

Insider Activity at Walt Disney

In other news, Director Calvin Mcdonald bought 11,756 shares of the business’s stock in a transaction on Thursday, August 8th. The stock was acquired at an average price of $85.06 per share, with a total value of $999,965.36. Following the completion of the purchase, the director now directly owns 22,313 shares in the company, valued at $1,897,943.78. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.10% of the stock is currently owned by insiders.

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.