Lombard Odier Asset Management USA Corp Makes New Investment in The Walt Disney Company (NYSE:DIS)

Lombard Odier Asset Management USA Corp bought a new position in shares of The Walt Disney Company (NYSE:DIS) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 9,975 shares of the entertainment giant’s stock, valued at approximately $990,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Evergreen Capital Management LLC lifted its holdings in shares of Walt Disney by 16.4% during the 2nd quarter. Evergreen Capital Management LLC now owns 111,759 shares of the entertainment giant’s stock valued at $11,097,000 after purchasing an additional 15,736 shares in the last quarter. J. Stern & Co. LLP lifted its holdings in shares of Walt Disney by 4.9% during the 2nd quarter. J. Stern & Co. LLP now owns 309,956 shares of the entertainment giant’s stock valued at $30,776,000 after purchasing an additional 14,544 shares in the last quarter. Turim 21 Investimentos Ltda. lifted its holdings in shares of Walt Disney by 4.1% during the 2nd quarter. Turim 21 Investimentos Ltda. now owns 17,069 shares of the entertainment giant’s stock valued at $1,695,000 after purchasing an additional 680 shares in the last quarter. Certified Advisory Corp bought a new position in shares of Walt Disney during the 2nd quarter valued at about $1,218,000. Finally, Cyrus J. Lawrence LLC lifted its holdings in shares of Walt Disney by 7.7% during the 2nd quarter. Cyrus J. Lawrence LLC now owns 2,600 shares of the entertainment giant’s stock valued at $258,000 after purchasing an additional 185 shares in the last quarter. Institutional investors own 65.71% of the company’s stock.

Insiders Place Their Bets

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

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on DIS shares. JPMorgan Chase & Co. cut their price objective on Walt Disney from $135.00 to $125.00 and set an “overweight” rating on the stock in a report on Thursday, August 8th. Macquarie cut their target price on Walt Disney from $94.00 to $91.00 and set a “neutral” rating on the stock in a research note on Thursday. The Goldman Sachs Group initiated coverage on Walt Disney in a research note on Tuesday, June 25th. They issued a “buy” rating and a $125.00 target price on the stock. Evercore ISI cut their target price on Walt Disney from $128.00 to $105.00 and set an “outperform” rating on the stock in a research note on Thursday, August 8th. Finally, Raymond James cut their target price on Walt Disney from $123.00 to $101.00 and set an “outperform” rating on the stock in a research note on Thursday, August 8th. Three analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $118.43.

Walt Disney Price Performance

DIS stock opened at $93.75 on Monday. The company’s 50-day moving average price is $90.67 and its two-hundred day moving average price is $101.83. The Walt Disney Company has a 12 month low of $78.73 and a 12 month high of $123.74. The company has a quick ratio of 0.66, a current ratio of 0.72 and a debt-to-equity ratio of 0.38. The firm has a market cap of $170.91 billion, a P/E ratio of 101.90, a P/E/G ratio of 1.31 and a beta of 1.40.

Walt Disney (NYSE:DIS) last released its earnings results on Wednesday, August 7th. The entertainment giant reported $1.39 earnings per share for the quarter, topping 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 analysts’ expectations of $23.08 billion. During the same period in the prior year, the company earned $1.03 earnings per share. The company’s quarterly revenue was up 3.9% on a year-over-year basis. On average, analysts anticipate that The Walt Disney Company will post 4.92 earnings per share for the current fiscal year.

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.