Ieq Capital LLC Purchases 2,779 Shares of The Walt Disney Company (NYSE:DIS)

Ieq Capital LLC grew its position in The Walt Disney Company (NYSE:DIS) by 1.6% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 179,075 shares of the entertainment giant’s stock after acquiring an additional 2,779 shares during the quarter. Ieq Capital LLC’s holdings in Walt Disney were worth $17,780,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in DIS. ESL Trust Services LLC bought a new stake in Walt Disney in the first quarter worth about $31,000. Gold Investment Management Ltd. purchased a new position in Walt Disney during the 4th quarter valued at $28,000. Red Tortoise LLC grew its position in Walt Disney by 141.4% in the 1st quarter. Red Tortoise LLC now owns 367 shares of the entertainment giant’s stock valued at $45,000 after acquiring an additional 215 shares during the last quarter. Frank Rimerman Advisors LLC purchased a new stake in Walt Disney in the fourth quarter worth $37,000. Finally, O Brien Wealth Partners LLC bought a new stake in shares of Walt Disney during the first quarter worth $51,000. Institutional investors own 65.71% of the company’s stock.

Insider Activity

In other news, Director Calvin Mcdonald bought 11,756 shares of Walt Disney stock in a transaction that occurred on Thursday, August 8th. The stock was bought at an average price of $85.06 per share, for a total transaction of $999,965.36. Following the purchase, the director now directly owns 22,313 shares of the company’s stock, valued at approximately $1,897,943.78. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.10% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently commented on DIS. Macquarie cut their price target on shares of Walt Disney from $94.00 to $91.00 and set a “neutral” rating on the stock in a report on Thursday. The Goldman Sachs Group initiated coverage on shares of Walt Disney in a research note on Tuesday, June 25th. They issued a “buy” rating and a $125.00 target price on the stock. Loop Capital decreased their price target 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 dropped their price objective 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, Needham & Company LLC lowered their target price on Walt Disney from $145.00 to $110.00 and set a “buy” rating for the company in a report on Thursday, August 8th. Three investment analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $118.43.

Walt Disney Trading Down 0.1 %

Walt Disney stock opened at $93.46 on Friday. 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 stock has a market cap of $170.38 billion, a PE ratio of 101.59, a price-to-earnings-growth ratio of 1.31 and a beta of 1.40. The stock has a 50-day moving average of $90.73 and a two-hundred day moving average of $102.10. The Walt Disney Company has a one year low of $78.73 and a one year high of $123.74.

Walt Disney (NYSE:DIS) last released its earnings results 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 company had revenue of $23.20 billion during the quarter, compared to analysts’ expectations of $23.08 billion. During the same period last year, the business earned $1.03 EPS. Walt Disney’s revenue for the quarter was up 3.9% on a year-over-year basis. On average, research analysts anticipate that The Walt Disney Company will post 4.92 EPS for the current fiscal year.

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.