Private Advisor Group LLC Raises Stock Holdings in The Walt Disney Company (NYSE:DIS)

Private Advisor Group LLC lifted its holdings in shares of The Walt Disney Company (NYSE:DIS) by 5.1% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 265,365 shares of the entertainment giant’s stock after purchasing an additional 12,801 shares during the quarter. Private Advisor Group LLC’s holdings in Walt Disney were worth $26,348,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Gryphon Financial Partners LLC purchased a new stake in Walt Disney in the fourth quarter worth approximately $603,000. Calton & Associates Inc. purchased a new stake in Walt Disney in the fourth quarter worth approximately $279,000. VisionPoint Advisory Group LLC boosted its stake in Walt Disney by 12.8% in the fourth quarter. VisionPoint Advisory Group LLC now owns 4,996 shares of the entertainment giant’s stock worth $451,000 after buying an additional 568 shares in the last quarter. Rossmore Private Capital boosted its stake in Walt Disney by 11.6% in the fourth quarter. Rossmore Private Capital now owns 37,078 shares of the entertainment giant’s stock worth $3,348,000 after buying an additional 3,866 shares in the last quarter. Finally, Arcataur Capital Management LLC boosted its stake in Walt Disney by 10.6% in the fourth quarter. Arcataur Capital Management LLC now owns 4,182 shares of the entertainment giant’s stock worth $378,000 after buying an additional 400 shares in the last quarter. Hedge funds and other institutional investors own 65.71% of the company’s stock.

Analyst Ratings Changes

DIS has been the subject of a number of analyst reports. Evercore ISI dropped their price objective on Walt Disney from $128.00 to $105.00 and set an “outperform” rating for the company in a research note on Thursday, August 8th. Needham & Company LLC dropped their price objective on Walt Disney from $145.00 to $110.00 and set a “buy” rating for the company in a research note on Thursday, August 8th. Barclays dropped their price objective on Walt Disney from $130.00 to $105.00 and set an “overweight” rating for the company in a research note on Thursday, August 8th. Deutsche Bank Aktiengesellschaft dropped their price objective on Walt Disney from $130.00 to $115.00 and set a “buy” rating for the company in a research note on Thursday, August 8th. Finally, Redburn Atlantic raised Walt Disney from a “sell” rating to a “neutral” rating and set a $100.00 price objective for the company in a research note 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.com, Walt Disney presently has an average rating of “Moderate Buy” and an average price target of $117.95.

Walt Disney Price Performance

Shares of NYSE:DIS opened at $87.98 on Friday. The Walt Disney Company has a 1-year low of $78.73 and a 1-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. The business has a fifty day moving average price of $91.98 and a 200-day moving average price of $103.26. The company has a market capitalization of $160.39 billion, a PE ratio of 95.63, a PEG ratio of 1.34 and a beta of 1.40.

Walt Disney (NYSE:DIS) last issued its quarterly earnings results on Wednesday, August 7th. The entertainment giant reported $1.39 earnings per share for the quarter, beating the consensus estimate of $1.20 by $0.19. Walt Disney had a return on equity of 8.64% and a net margin of 5.30%. The firm had revenue of $23.20 billion during the quarter, compared to the consensus estimate of $23.08 billion. During the same period last year, the company earned $1.03 earnings per share. The company’s revenue was up 3.9% on a year-over-year basis. As a group, equities analysts expect that The Walt Disney Company will post 4.92 EPS for the current fiscal year.

Insider Activity at Walt Disney

In other Walt Disney news, Director Calvin Mcdonald acquired 11,756 shares of the company’s stock in a transaction that occurred on Thursday, August 8th. The shares were bought 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 directly owns 22,313 shares of the company’s stock, valued at approximately $1,897,943.78. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.10% of the stock is currently owned by insiders.

About Walt Disney

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.