Financial Gravity Asset Management Inc. Grows Stock Position in The Walt Disney Company (NYSE:DIS)

Financial Gravity Asset Management Inc. boosted its position in The Walt Disney Company (NYSE:DIS) by 8.1% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 18,631 shares of the entertainment giant’s stock after buying an additional 1,403 shares during the period. Financial Gravity Asset Management Inc.’s holdings in Walt Disney were worth $1,849,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the company. Gold Investment Management Ltd. purchased a new stake in shares of Walt Disney in the fourth quarter valued at about $28,000. ESL Trust Services LLC acquired a new stake in Walt Disney in the first quarter valued at about $31,000. Partnership Wealth Management LLC purchased a new stake in Walt Disney in the 4th quarter valued at approximately $33,000. Frank Rimerman Advisors LLC acquired a new position in Walt Disney during the 4th quarter worth approximately $37,000. Finally, Mascoma Wealth Management LLC raised its stake in shares of Walt Disney by 38.0% during the 2nd quarter. Mascoma Wealth Management LLC now owns 443 shares of the entertainment giant’s stock worth $44,000 after buying an additional 122 shares in the last quarter. 65.71% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

DIS has been the topic of a number of analyst reports. Evercore ISI decreased their price target on Walt Disney from $128.00 to $105.00 and set an “outperform” rating on the stock in a research note on Thursday, August 8th. Bank of America decreased their target price on shares of Walt Disney from $145.00 to $120.00 and set a “buy” rating on the stock in a research report on Thursday, August 8th. Macquarie cut their price target on shares of Walt Disney from $107.00 to $94.00 and set a “neutral” rating for the company in a report on Monday, August 12th. Wells Fargo & Company reduced their price objective on shares of Walt Disney from $136.00 to $116.00 and set an “overweight” rating for the company in a research note on Thursday, August 8th. Finally, Redburn Atlantic upgraded shares of Walt Disney from a “sell” rating to a “neutral” rating and set a $100.00 target price on the stock in a research report on Tuesday, May 21st. Three analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the stock. According to data from MarketBeat, Walt Disney presently has a consensus rating of “Moderate Buy” and an average target price of $117.95.

Walt Disney Stock Down 0.8 %

DIS opened at $87.94 on Friday. The firm has a market cap of $160.32 billion, a P/E ratio of 95.59, a PEG ratio of 1.34 and a beta of 1.40. The business’s fifty day simple moving average is $91.98 and its 200 day simple moving average is $103.22. The Walt Disney Company has a 52 week low of $78.73 and a 52 week high of $123.74. 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 released its quarterly 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 revenue for the quarter was up 3.9% compared to the same quarter last year. During the same period last year, the company earned $1.03 EPS. As a group, equities research analysts anticipate that The Walt Disney Company will post 4.92 EPS for the current fiscal year.

Insider Buying and Selling

In other Walt Disney news, Director Calvin Mcdonald purchased 11,756 shares of the business’s stock in a transaction on Thursday, August 8th. The stock was bought at an average cost of $85.06 per share, for a total transaction of $999,965.36. Following the acquisition, the director now owns 22,313 shares of the company’s stock, valued at approximately $1,897,943.78. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.10% of the stock is owned by company 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.