The Walt Disney Company (NYSE:DIS) Shares Purchased by Czech National Bank

Czech National Bank boosted its holdings in shares of The Walt Disney Company (NYSE:DIS) by 6.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 369,397 shares of the entertainment giant’s stock after acquiring an additional 21,998 shares during the period. Czech National Bank’s holdings in Walt Disney were worth $35,532,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of the business. ESL Trust Services LLC purchased a new stake in Walt Disney in the 1st quarter valued at approximately $31,000. William B. Walkup & Associates Inc. acquired a new position in shares of Walt Disney in the second quarter worth $32,000. Frank Rimerman Advisors LLC purchased a new stake in shares of Walt Disney in the fourth quarter valued at $37,000. Mascoma Wealth Management LLC increased its position in Walt Disney by 38.0% during the 2nd quarter. Mascoma Wealth Management LLC now owns 443 shares of the entertainment giant’s stock worth $44,000 after purchasing an additional 122 shares in the last quarter. Finally, Beaird Harris Wealth Management LLC raised its stake in 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 purchasing an additional 117 shares during the last quarter. Hedge funds and other institutional investors own 65.71% of the company’s stock.

Insider Activity

In other Walt Disney news, Director Calvin Mcdonald purchased 11,756 shares of Walt Disney stock in a transaction that occurred on Thursday, August 8th. The stock was purchased at an average price of $85.06 per share, with a total value of $999,965.36. Following the completion of the acquisition, the director now owns 22,313 shares of the company’s stock, valued at approximately $1,897,943.78. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.10% of the company’s stock.

Walt Disney Price Performance

DIS opened at $93.63 on Friday. The company has a 50 day moving average of $90.68 and a two-hundred day moving average of $100.88. The Walt Disney Company has a 52-week low of $78.73 and a 52-week 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 company has a market cap of $170.69 billion, a P/E ratio of 101.77, a P/E/G ratio of 1.53 and a beta of 1.40.

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 the consensus estimate of $1.20 by $0.19. The firm had revenue of $23.20 billion during 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 firm’s quarterly revenue was up 3.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.03 EPS. On average, analysts expect that The Walt Disney Company will post 4.92 earnings per share for the current year.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the stock. 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. Morgan Stanley lowered their target price on shares of Walt Disney from $130.00 to $110.00 and set an “overweight” rating for the company in a research note on Monday, August 5th. Macquarie reduced their price target on Walt Disney from $94.00 to $91.00 and set a “neutral” rating on the stock in a research note on Thursday, September 19th. Evercore ISI lowered their price objective on Walt Disney from $128.00 to $105.00 and set an “outperform” rating for the company in a research report on Thursday, August 8th. Finally, Moffett Nathanson reduced their target price on Walt Disney from $130.00 to $125.00 and set a “buy” rating on the stock in a research report on Tuesday, July 2nd. Four investment analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target 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.