Reliant Investment Management LLC Has $3.98 Million Stock Position in The Walt Disney Company (NYSE:DIS)

Reliant Investment Management LLC increased its stake in The Walt Disney Company (NYSE:DIS) by 1.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 41,322 shares of the entertainment giant’s stock after buying an additional 535 shares during the quarter. Reliant Investment Management LLC’s holdings in Walt Disney were worth $3,975,000 as of its most recent SEC filing.

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

Insider Buying and Selling at Walt Disney

In other Walt Disney news, Director Calvin Mcdonald purchased 11,756 shares of the stock in a transaction dated Thursday, August 8th. The stock was bought at an average price of $85.06 per share, with a total value of $999,965.36. Following the acquisition, the director now owns 22,313 shares of the company’s stock, valued at approximately $1,897,943.78. This represents a 100.00 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 0.10% of the company’s stock.

Walt Disney Trading Up 0.1 %

DIS opened at $92.52 on Wednesday. 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 Walt Disney Company has a twelve month low of $79.23 and a twelve month high of $123.74. The stock has a market capitalization of $168.67 billion, a price-to-earnings ratio of 100.57, a P/E/G ratio of 1.53 and a beta of 1.40. The company has a 50-day simple moving average of $90.78 and a 200 day simple moving average of $100.38.

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

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on DIS shares. The Goldman Sachs Group assumed coverage on Walt Disney in a report on Tuesday, June 25th. They set a “buy” rating and a $125.00 target price on the stock. UBS Group dropped their price objective on shares of Walt Disney from $130.00 to $120.00 and set a “buy” rating on the stock in a research report on Thursday, August 8th. Raymond James reaffirmed a “market perform” rating on shares of Walt Disney in a report on Tuesday, October 1st. Bank of America lowered their price target on shares of Walt Disney from $145.00 to $120.00 and set a “buy” rating on the stock in a report on Thursday, August 8th. Finally, Evercore ISI reduced their price objective on Walt Disney from $128.00 to $105.00 and set an “outperform” rating for the company in a report on Thursday, August 8th. Four equities research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $119.20.

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.