1832 Asset Management L.P. Purchases 373,102 Shares of The Walt Disney Company (NYSE:DIS)

1832 Asset Management L.P. raised its stake in The Walt Disney Company (NYSE:DIS) by 42.6% during the second quarter, HoldingsChannel reports. The institutional investor owned 1,249,105 shares of the entertainment giant’s stock after acquiring an additional 373,102 shares during the period. 1832 Asset Management L.P.’s holdings in Walt Disney were worth $124,024,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in DIS. Gold Investment Management Ltd. bought a new stake in shares of Walt Disney in the 4th quarter valued at about $28,000. ESL Trust Services LLC bought a new stake in shares of Walt Disney in the 1st quarter valued at about $31,000. Frank Rimerman Advisors LLC bought a new stake in shares of Walt Disney in the 4th quarter valued at about $37,000. Mascoma Wealth Management LLC grew its position in shares of Walt Disney by 38.0% in the 2nd quarter. Mascoma Wealth Management LLC now owns 443 shares of the entertainment giant’s stock valued at $44,000 after buying an additional 122 shares during the last quarter. Finally, Beaird Harris Wealth Management LLC grew its position in shares of Walt Disney by 30.7% in the 4th quarter. Beaird Harris Wealth Management LLC now owns 498 shares of the entertainment giant’s stock valued at $45,000 after buying an additional 117 shares during the last quarter. Institutional investors own 65.71% of the company’s stock.

Walt Disney Stock Performance

Shares of Walt Disney stock opened at $93.75 on Friday. The business’s fifty day simple moving average is $90.67 and its 200 day simple moving average is $101.88. The firm has a market capitalization of $170.91 billion, a P/E ratio of 101.90, a price-to-earnings-growth ratio of 1.31 and a beta of 1.40. The Walt Disney Company has a 12 month low of $78.73 and a 12 month high of $123.74. The company has a current ratio of 0.72, a quick ratio of 0.66 and a debt-to-equity ratio of 0.38.

Walt Disney (NYSE:DIS) last issued its quarterly 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. The business had revenue of $23.20 billion for the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same period last year, the company posted $1.03 earnings per share. As a group, analysts anticipate that The Walt Disney Company will post 4.92 EPS for the current year.

Insider Buying and Selling

In other news, Director Calvin Mcdonald bought 11,756 shares of the firm’s stock in a transaction on Thursday, August 8th. The stock was acquired 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 transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.10% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the company. The Goldman Sachs Group assumed coverage on Walt Disney in a research report on Tuesday, June 25th. They set a “buy” rating and a $125.00 target price on the stock. Loop Capital cut their target price on Walt Disney from $139.00 to $130.00 and set a “buy” rating on the stock in a research report on Tuesday, July 30th. Wells Fargo & Company cut their target price 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. UBS Group cut their target price on Walt Disney from $130.00 to $120.00 and set a “buy” rating on the stock in a research report on Thursday, August 8th. Finally, Morgan Stanley cut their target price 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. Three investment analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $118.43.

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.