Delta Financial Advisors LLC Boosts Stock Holdings in The Walt Disney Company (NYSE:DIS)

Delta Financial Advisors LLC raised its holdings in The Walt Disney Company (NYSE:DIS) by 2.2% during the second quarter, Holdings Channel.com reports. The firm owned 15,104 shares of the entertainment giant’s stock after purchasing an additional 318 shares during the quarter. Delta Financial Advisors LLC’s holdings in Walt Disney were worth $1,500,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in DIS. Gryphon Financial Partners LLC purchased a new stake in shares of Walt Disney during the 4th quarter worth $603,000. AGF Management Ltd. boosted its holdings in Walt Disney by 6,508.2% during the fourth quarter. AGF Management Ltd. now owns 340,787 shares of the entertainment giant’s stock worth $30,770,000 after buying an additional 335,630 shares in the last quarter. QRG Capital Management Inc. grew its position in Walt Disney by 10.4% during the fourth quarter. QRG Capital Management Inc. now owns 132,092 shares of the entertainment giant’s stock worth $11,927,000 after buying an additional 12,495 shares during the period. Envestnet Portfolio Solutions Inc. increased its holdings in Walt Disney by 2.8% in the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 61,002 shares of the entertainment giant’s stock valued at $5,508,000 after buying an additional 1,644 shares in the last quarter. Finally, Principal Financial Group Inc. boosted its stake in shares of Walt Disney by 1.6% during the 4th quarter. Principal Financial Group Inc. now owns 2,225,868 shares of the entertainment giant’s stock worth $200,974,000 after acquiring an additional 35,440 shares in the last quarter. Institutional investors and hedge funds own 65.71% of the company’s stock.

Analyst Upgrades and Downgrades

DIS has been the subject of several research reports. Barclays reduced their price objective on Walt Disney from $130.00 to $105.00 and set an “overweight” rating for the company in a report on Thursday, August 8th. Bank of America dropped their target price on shares of Walt Disney from $145.00 to $120.00 and set a “buy” rating for the company in a report on Thursday, August 8th. JPMorgan Chase & Co. reduced their price target on shares of Walt Disney from $135.00 to $125.00 and set an “overweight” rating on the stock in a report on Thursday, August 8th. Morgan Stanley dropped their price objective on shares of Walt Disney from $130.00 to $110.00 and set an “overweight” rating for the company in a research note on Monday, August 5th. Finally, Moffett Nathanson reduced their target price on Walt Disney from $130.00 to $125.00 and set a “buy” rating on the stock in a research note on Tuesday, July 2nd. Three analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the stock. According to MarketBeat, Walt Disney has an average rating of “Moderate Buy” and an average price target of $117.95.

Walt Disney Stock Performance

Shares of DIS stock opened at $87.94 on Friday. The Walt Disney Company has a one year low of $78.73 and a one year high of $123.74. The firm has a market capitalization of $160.32 billion, a price-to-earnings ratio of 95.59, a price-to-earnings-growth ratio of 1.34 and a beta of 1.40. 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 company has a 50 day moving average price of $91.98 and a 200 day moving average price of $103.22.

Walt Disney (NYSE:DIS) last released its quarterly earnings data on Wednesday, August 7th. The entertainment giant reported $1.39 EPS for the quarter, topping analysts’ consensus estimates 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 the consensus estimate of $23.08 billion. During the same period last year, the business posted $1.03 EPS. The company’s quarterly revenue was up 3.9% compared to the same quarter last year. Sell-side analysts anticipate that The Walt Disney Company will post 4.92 EPS for the current year.

Insider Buying and Selling at Walt Disney

In other Walt Disney news, Director Calvin Mcdonald acquired 11,756 shares of the company’s stock in a transaction dated Thursday, August 8th. The stock was bought at an average price of $85.06 per share, with a total value of $999,965.36. Following the completion of the transaction, the director now directly owns 22,313 shares of the company’s stock, valued at $1,897,943.78. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.10% of the stock is currently owned by corporate 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.