Great Lakes Retirement Inc. Raises Stock Holdings in The Walt Disney Company (NYSE:DIS)

Great Lakes Retirement Inc. increased its holdings in shares of The Walt Disney Company (NYSE:DIS) by 8.4% in the third quarter, Holdings Channel.com reports. The fund owned 6,122 shares of the entertainment giant’s stock after buying an additional 477 shares during the quarter. Great Lakes Retirement Inc.’s holdings in Walt Disney were worth $589,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of DIS. Jennison Associates LLC purchased a new stake in shares of Walt Disney during the first quarter valued at $1,490,492,000. Capital World Investors boosted its position 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 buying an additional 6,084,993 shares during the period. Swedbank AB bought a new position in Walt Disney in the 1st quarter worth about $493,715,000. Farallon Capital Management LLC purchased a new position in shares of Walt Disney during the second quarter worth approximately $355,673,000. Finally, Ontario Teachers Pension Plan Board bought a new stake in shares of Walt Disney during the first quarter valued at approximately $425,567,000. Hedge funds and other institutional investors own 65.71% of the company’s stock.

Insiders Place Their Bets

In other news, Director Calvin Mcdonald acquired 11,756 shares of the business’s stock in a transaction dated Thursday, August 8th. The shares were acquired at an average cost 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. This trade represents a 100.00 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. 0.10% of the stock is currently owned by insiders.

Walt Disney Stock Performance

DIS opened at $95.43 on Friday. The firm’s 50-day moving average price is $92.36 and its 200-day moving average price is $98.44. The company has a market cap of $173.97 billion, a P/E ratio of 103.73, a price-to-earnings-growth ratio of 1.49 and a beta of 1.40. 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 52-week low of $79.23 and a 52-week high of $123.74.

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

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the company. Wells Fargo & Company dropped their price objective on Walt Disney from $136.00 to $116.00 and set an “overweight” rating on the stock in a research note on Thursday, August 8th. Raymond James restated a “market perform” rating on shares of Walt Disney in a research note on Tuesday, October 1st. Morgan Stanley lowered their price objective 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. Barclays cut their target price on shares of Walt Disney from $130.00 to $105.00 and set an “overweight” rating on the stock in a research report on Thursday, August 8th. Finally, 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 note on Thursday, August 8th. Five 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 MarketBeat.com, Walt Disney has an average rating of “Moderate Buy” and a consensus target price of $118.05.

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.