Sterling Investment Advisors Ltd. Purchases 152 Shares of The Walt Disney Company (NYSE:DIS)

Sterling Investment Advisors Ltd. raised its position in The Walt Disney Company (NYSE:DIS) by 2.5% during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 6,290 shares of the entertainment giant’s stock after buying an additional 152 shares during the period. Sterling Investment Advisors Ltd.’s holdings in Walt Disney were worth $625,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of DIS. Norges Bank bought a new position in Walt Disney in the 4th quarter valued at $1,938,647,000. Jennison Associates LLC bought a new position in shares of Walt Disney in the 1st quarter worth $1,490,492,000. Capital World Investors boosted its position in shares of Walt Disney by 3,332.4% in the 1st quarter. Capital World Investors now owns 6,267,593 shares of the entertainment giant’s stock worth $766,903,000 after purchasing an additional 6,084,993 shares during the last quarter. ValueAct Holdings L.P. bought a new position in shares of Walt Disney in the 4th quarter worth $459,245,000. Finally, Swedbank AB bought a new position in shares of Walt Disney in the 1st quarter worth $493,715,000. 65.71% of the stock is currently owned by institutional investors.

Walt Disney Stock Performance

DIS opened at $88.65 on Friday. The business’s 50-day moving average price is $92.21 and its two-hundred day moving average price is $103.42. The Walt Disney Company has a 1 year low of $78.73 and a 1 year high of $123.74. The company has a market capitalization of $161.61 billion, a price-to-earnings ratio of 96.36, a P/E/G ratio of 1.34 and a beta of 1.40. 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 released its earnings results on Wednesday, August 7th. The entertainment giant reported $1.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.20 by $0.19. The business had revenue of $23.20 billion for the quarter, compared to the consensus estimate of $23.08 billion. Walt Disney had a return on equity of 8.64% and a net margin of 5.30%. Walt Disney’s quarterly revenue was up 3.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.03 earnings per share. Equities analysts expect that The Walt Disney Company will post 4.92 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

DIS has been the topic of several recent research reports. Deutsche Bank Aktiengesellschaft reduced their price target on Walt Disney from $130.00 to $115.00 and set a “buy” rating on the stock in a research report on Thursday, August 8th. Macquarie reduced their price target on Walt Disney from $107.00 to $94.00 and set a “neutral” rating on the stock in a research report on Monday, August 12th. The Goldman Sachs Group initiated coverage on Walt Disney in a research report on Tuesday, June 25th. They issued a “buy” rating and a $125.00 price target on the stock. Wells Fargo & Company reduced their price target on Walt Disney from $136.00 to $116.00 and set an “overweight” rating on the stock in a research report on Thursday, August 8th. Finally, Needham & Company LLC reduced their target price on Walt Disney from $145.00 to $110.00 and set a “buy” rating on the stock in a report on Thursday, August 8th. Three equities research analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $117.95.

Insider Activity at Walt Disney

In related news, Director Calvin Mcdonald bought 11,756 shares of the stock in a transaction that occurred on Thursday, August 8th. The shares were acquired 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 owns 22,313 shares in the company, valued at $1,897,943.78. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 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.