Annandale Capital LLC Has $6.77 Million Position in The Walt Disney Company (NYSE:DIS)

Annandale Capital LLC boosted its position in The Walt Disney Company (NYSE:DIS) by 86.9% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 68,148 shares of the entertainment giant’s stock after buying an additional 31,679 shares during the period. Walt Disney comprises about 1.2% of Annandale Capital LLC’s portfolio, making the stock its 17th biggest holding. Annandale Capital LLC’s holdings in Walt Disney were worth $6,766,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in DIS. Ascent Group LLC boosted its position in shares of Walt Disney by 16.3% in the second quarter. Ascent Group LLC now owns 29,848 shares of the entertainment giant’s stock valued at $2,964,000 after acquiring an additional 4,176 shares during the period. Texas Capital Bank Wealth Management Services Inc raised its stake in Walt Disney by 9.7% in the 2nd quarter. Texas Capital Bank Wealth Management Services Inc now owns 6,411 shares of the entertainment giant’s stock worth $637,000 after purchasing an additional 565 shares in the last quarter. Susquehanna Fundamental Investments LLC boosted its holdings in Walt Disney by 30.7% in the 2nd quarter. Susquehanna Fundamental Investments LLC now owns 147,183 shares of the entertainment giant’s stock valued at $14,614,000 after purchasing an additional 34,600 shares during the period. Smith Thornton Advisors LLC acquired a new position in shares of Walt Disney during the 2nd quarter worth approximately $821,000. Finally, Sender Co & Partners Inc. bought a new position in shares of Walt Disney during the second quarter worth approximately $4,425,000. 65.71% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Walt Disney

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

Walt Disney Trading Up 0.9 %

NYSE DIS opened at $96.01 on Friday. The Walt Disney Company has a twelve month low of $78.73 and a twelve month high of $123.74. The business’s fifty day moving average is $90.40 and its 200 day moving average is $101.30. 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 company has a market cap of $175.03 billion, a price-to-earnings ratio of 104.36, a price-to-earnings-growth ratio of 1.53 and a beta of 1.40.

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

Analyst Upgrades and Downgrades

DIS has been the subject of several recent research reports. Deutsche Bank Aktiengesellschaft cut their price target on Walt Disney from $130.00 to $115.00 and set a “buy” rating for the company in a research note on Thursday, August 8th. Raymond James cut their target price 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. Needham & Company LLC restated a “buy” rating and issued a $110.00 price target on shares of Walt Disney in a research report on Thursday. Barclays cut their price objective on shares of Walt Disney from $130.00 to $105.00 and set an “overweight” rating for the company in a research report on Thursday, August 8th. Finally, Moffett Nathanson decreased their target price on shares of Walt Disney from $130.00 to $125.00 and set a “buy” rating on the stock in a report on Tuesday, July 2nd. Three investment analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $118.43.

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.