MBB Public Markets I LLC Acquires 156,194 Shares of The Walt Disney Company (NYSE:DIS)

MBB Public Markets I LLC boosted its stake in shares of The Walt Disney Company (NYSE:DIS) by 185.1% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 240,581 shares of the entertainment giant’s stock after buying an additional 156,194 shares during the quarter. MBB Public Markets I LLC’s holdings in Walt Disney were worth $23,887,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the stock. Gryphon Financial Partners LLC purchased a new position in shares of Walt Disney in the fourth quarter valued at $603,000. Steward Partners Investment Advisory LLC boosted its holdings in Walt Disney by 3.4% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 64,916 shares of the entertainment giant’s stock valued at $5,861,000 after purchasing an additional 2,152 shares during the period. TD Asset Management Inc grew its position in shares of Walt Disney by 8.4% during the 4th quarter. TD Asset Management Inc now owns 1,266,350 shares of the entertainment giant’s stock valued at $114,339,000 after purchasing an additional 98,535 shares in the last quarter. Focus Financial Network Inc. ADV bought a new position in shares of Walt Disney in the fourth quarter worth $1,802,000. Finally, StoneX Group Inc. purchased a new stake in shares of Walt Disney in the fourth quarter worth $954,000. Hedge funds and other institutional investors own 65.71% of the company’s stock.

Insider Buying and Selling at Walt Disney

In related news, Director Calvin Mcdonald bought 11,756 shares of the company’s stock in a transaction dated Thursday, August 8th. The stock was purchased at an average cost of $85.06 per share, with a total value of $999,965.36. Following the transaction, the director now owns 22,313 shares in the company, valued at approximately $1,897,943.78. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders own 0.10% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the company. Raymond James dropped their price target on Walt Disney from $123.00 to $101.00 and set an “outperform” rating for the company in a research report on Thursday, August 8th. Loop Capital lowered their price objective on shares of Walt Disney from $139.00 to $130.00 and set a “buy” rating on the stock in a research report on Tuesday, July 30th. Needham & Company LLC reiterated a “buy” rating and issued a $110.00 target price on shares of Walt Disney in a research report on Thursday. Barclays reduced their target price 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, Deutsche Bank Aktiengesellschaft cut their price objective on Walt Disney from $130.00 to $115.00 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. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $118.43.

Walt Disney Price Performance

DIS stock opened at $95.20 on Friday. The stock has a market capitalization of $173.55 billion, a price-to-earnings ratio of 103.48, a PEG ratio of 1.53 and a beta of 1.40. The firm’s 50-day moving average price is $90.42 and its two-hundred day moving average price is $101.53. The company has a current ratio of 0.72, a quick ratio of 0.66 and a debt-to-equity ratio of 0.38. The Walt Disney Company has a 12-month low of $78.73 and a 12-month high of $123.74.

Walt Disney (NYSE:DIS) last announced its quarterly 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. Walt Disney had a return on equity of 8.64% and a net margin of 5.30%. The company had revenue of $23.20 billion for the quarter, compared to the consensus estimate of $23.08 billion. During the same quarter in the previous year, the business earned $1.03 EPS. Walt Disney’s revenue was up 3.9% compared to the same quarter last year. As a group, equities analysts predict that The Walt Disney Company will post 4.92 earnings per share for the current 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.