The Walt Disney Company (NYSE:DIS) Shares Acquired by Abacus Planning Group Inc.

Abacus Planning Group Inc. grew its position in shares of The Walt Disney Company (NYSE:DIS) by 9.5% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,387 shares of the entertainment giant’s stock after purchasing an additional 642 shares during the quarter. Abacus Planning Group Inc.’s holdings in Walt Disney were worth $711,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the company. Jennison Associates LLC purchased a new position in Walt Disney during the first quarter worth approximately $1,490,492,000. Capital World Investors raised its stake in shares of Walt Disney by 3,332.4% during the 1st quarter. Capital World Investors now owns 6,267,593 shares of the entertainment giant’s stock worth $766,903,000 after buying an additional 6,084,993 shares during the period. ValueAct Holdings L.P. acquired a new position in shares of Walt Disney during the 4th quarter worth approximately $459,245,000. Swedbank AB purchased a new position in shares of Walt Disney during the 1st quarter valued at approximately $493,715,000. Finally, Farallon Capital Management LLC acquired a new stake in Walt Disney in the 2nd quarter valued at $355,673,000. 65.71% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Walt Disney

In related news, Director Calvin Mcdonald purchased 11,756 shares of the company’s stock in a transaction 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 transaction, the director now directly owns 22,313 shares in the company, valued at $1,897,943.78. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.10% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the stock. Wells Fargo & Company decreased their price objective on shares of Walt Disney from $136.00 to $116.00 and set an “overweight” rating on the stock in a report on Thursday, August 8th. Loop Capital decreased their price target on shares of Walt Disney from $139.00 to $130.00 and set a “buy” rating on the stock in a research note on Tuesday, July 30th. 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 research note on Thursday, August 8th. JPMorgan Chase & Co. decreased their target price on Walt Disney from $135.00 to $125.00 and set an “overweight” rating on the stock in a research report on Thursday, August 8th. Finally, Macquarie dropped their price target on Walt Disney from $94.00 to $91.00 and set a “neutral” rating for the company in a research report on Thursday, September 19th. Four research analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $118.43.

Walt Disney Stock Up 0.1 %

Shares of NYSE DIS opened at $94.15 on Thursday. The company has a market capitalization of $171.64 billion, a P/E ratio of 102.34, a P/E/G ratio of 1.53 and a beta of 1.40. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.72 and a quick ratio of 0.66. The company has a 50 day simple moving average of $90.59 and a 200-day simple moving average of $100.93. The Walt Disney Company has a 1 year low of $78.73 and a 1 year high of $123.74.

Walt Disney (NYSE:DIS) last posted its earnings results on Wednesday, August 7th. The entertainment giant reported $1.39 EPS for the quarter, beating analysts’ consensus estimates of $1.20 by $0.19. The company had revenue of $23.20 billion for the quarter, compared to the consensus estimate of $23.08 billion. Walt Disney had a return on equity of 8.64% and a net margin of 5.30%. The company’s revenue for the quarter was up 3.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.03 earnings per share. On average, equities research analysts predict that The Walt Disney Company will post 4.92 earnings per share for the current year.

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.