Sky Investment Group LLC Buys 3,670 Shares of The Walt Disney Company (NYSE:DIS)

Sky Investment Group LLC increased its stake in The Walt Disney Company (NYSE:DIS) by 13.8% in the third quarter, HoldingsChannel reports. The fund owned 30,256 shares of the entertainment giant’s stock after purchasing an additional 3,670 shares during the period. Sky Investment Group LLC’s holdings in Walt Disney were worth $2,910,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Vanguard Group Inc. increased its stake in Walt Disney by 1.5% in the 1st quarter. Vanguard Group Inc. now owns 153,769,084 shares of the entertainment giant’s stock worth $18,815,185,000 after purchasing an additional 2,325,582 shares during the period. Bank of New York Mellon Corp increased its stake in shares of Walt Disney by 10.8% in the second quarter. Bank of New York Mellon Corp now owns 14,883,983 shares of the entertainment giant’s stock worth $1,477,831,000 after buying an additional 1,449,730 shares during the period. Legal & General Group Plc raised its holdings in Walt Disney by 3.1% during the 2nd quarter. Legal & General Group Plc now owns 14,281,047 shares of the entertainment giant’s stock valued at $1,417,958,000 after buying an additional 425,438 shares during the last quarter. Jennison Associates LLC purchased a new stake in Walt Disney during the 1st quarter valued at $1,490,492,000. Finally, Price T Rowe Associates Inc. MD grew its holdings in Walt Disney by 2.5% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 12,040,297 shares of the entertainment giant’s stock worth $1,473,252,000 after acquiring an additional 293,482 shares during the last quarter. Institutional investors own 65.71% of the company’s stock.

Insider Buying and Selling

In other news, Director Calvin Mcdonald bought 11,756 shares of the company’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 completion of the transaction, the director now owns 22,313 shares of the company’s stock, valued at approximately $1,897,943.78. This trade represents a 100.00 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.10% of the stock is currently owned by corporate insiders.

Walt Disney Stock Performance

DIS traded up $0.53 during midday trading on Tuesday, hitting $97.15. 1,300,312 shares of the company traded hands, compared to its average volume of 10,920,904. The company’s 50-day moving average is $91.94 and its 200 day moving average is $98.60. The Walt Disney Company has a 52 week low of $79.23 and a 52 week high of $123.74. The firm has a market capitalization of $177.11 billion, a PE ratio of 105.08, a price-to-earnings-growth ratio of 1.49 and a beta of 1.40. The company has a quick ratio of 0.66, a current ratio of 0.72 and a debt-to-equity ratio of 0.38.

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 the consensus estimate of $1.20 by $0.19. The company had revenue of $23.20 billion for the quarter, compared to analysts’ expectations of $23.08 billion. Walt Disney had a net margin of 5.30% and a return on equity of 8.64%. The firm’s quarterly revenue was up 3.9% on a year-over-year basis. During the same quarter last year, the company posted $1.03 earnings per share. On average, research analysts expect that The Walt Disney Company will post 4.92 EPS for the current year.

Analyst Upgrades and Downgrades

DIS has been the subject of a number of analyst reports. Evercore ISI dropped their target price on shares of Walt Disney from $128.00 to $105.00 and set an “outperform” rating for the company in a report on Thursday, August 8th. The Goldman Sachs Group assumed coverage on Walt Disney in a report on Tuesday, June 25th. They set a “buy” rating and a $125.00 target price for the company. Seaport Res Ptn upgraded shares of Walt Disney from a “hold” rating to a “strong-buy” rating in a report on Monday, September 30th. UBS Group decreased their price objective on shares of Walt Disney from $130.00 to $120.00 and set a “buy” rating for the company in a report on Thursday, August 8th. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $110.00 target price on shares of Walt Disney in a research note on Thursday, September 26th. Five equities research analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $118.05.

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.