Xcel Wealth Management LLC Has $2.86 Million Stake in The Walt Disney Company (NYSE:DIS)

Xcel Wealth Management LLC raised its stake in shares of The Walt Disney Company (NYSE:DIS) by 40.2% in the third quarter, HoldingsChannel reports. The institutional investor owned 29,685 shares of the entertainment giant’s stock after purchasing an additional 8,511 shares during the period. Xcel Wealth Management LLC’s holdings in Walt Disney were worth $2,855,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Vaughan Nelson Investment Management L.P. raised its stake in shares of Walt Disney by 84.6% in the 1st quarter. Vaughan Nelson Investment Management L.P. now owns 2,000,267 shares of the entertainment giant’s stock valued at $244,754,000 after acquiring an additional 916,772 shares in the last quarter. Jennison Associates LLC acquired a new stake in shares of Walt Disney in the first quarter valued at about $1,490,492,000. Mirae Asset Global Investments Co. Ltd. grew its position in shares of Walt Disney by 4.2% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 556,658 shares of the entertainment giant’s stock valued at $68,113,000 after purchasing an additional 22,568 shares during the last quarter. Nordea Investment Management AB increased its stake in shares of Walt Disney by 555.9% in the first quarter. Nordea Investment Management AB now owns 956,788 shares of the entertainment giant’s stock worth $117,599,000 after purchasing an additional 810,923 shares during the period. Finally, Arlington Financial Advisors LLC boosted its stake in Walt Disney by 456.9% during the 1st quarter. Arlington Financial Advisors LLC now owns 33,462 shares of the entertainment giant’s stock valued at $4,094,000 after purchasing an additional 27,453 shares during the period. 65.71% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, Director Calvin Mcdonald acquired 11,756 shares of the firm’s stock in a transaction on Thursday, August 8th. The shares were purchased at an average cost of $85.06 per share, for a total transaction of $999,965.36. Following the transaction, the director now owns 22,313 shares of the company’s stock, valued at approximately $1,897,943.78. This represents a 100.00 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.10% of the stock is currently owned by corporate insiders.

Walt Disney Price Performance

Walt Disney stock traded up $0.26 on Tuesday, reaching $96.88. The company’s stock had a trading volume of 2,091,266 shares, compared to its average volume of 10,924,781. The business’s fifty day moving average price is $91.94 and its 200 day moving average price is $98.60. 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 market cap of $176.62 billion, a price-to-earnings ratio of 105.08, a PEG ratio of 1.49 and a beta of 1.40. The Walt Disney Company has a twelve month low of $79.23 and a twelve month high of $123.74.

Walt Disney (NYSE:DIS) last issued 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 net margin of 5.30% and a return on equity of 8.64%. The firm had revenue of $23.20 billion for the quarter, compared to analyst estimates of $23.08 billion. During the same quarter in the prior year, the firm earned $1.03 EPS. The company’s revenue was up 3.9% on a year-over-year basis. Equities analysts expect that The Walt Disney Company will post 4.92 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have recently commented on DIS shares. JPMorgan Chase & Co. cut their price target on Walt Disney from $135.00 to $125.00 and set an “overweight” rating for the company in a report on Thursday, August 8th. UBS Group decreased their price target on shares of Walt Disney from $130.00 to $120.00 and set a “buy” rating on the stock in a research report on Thursday, August 8th. Loop Capital reduced their target price on shares of Walt Disney from $139.00 to $130.00 and set a “buy” rating for the company in a research note on Tuesday, July 30th. Barclays lowered their price target on Walt Disney from $130.00 to $105.00 and set an “overweight” rating on the stock in a research note on Thursday, August 8th. Finally, Morgan Stanley lowered their price objective on Walt Disney from $130.00 to $110.00 and set an “overweight” rating on the stock in a research report on Monday, August 5th. Five investment analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company currently has an average 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.