International Assets Investment Management LLC Boosts Stock Position in The Walt Disney Company (NYSE:DIS)

International Assets Investment Management LLC lifted its position in The Walt Disney Company (NYSE:DIS) by 12,574.4% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,426,393 shares of the entertainment giant’s stock after purchasing an additional 3,399,359 shares during the quarter. International Assets Investment Management LLC owned about 0.19% of Walt Disney worth $329,585,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. ESL Trust Services LLC purchased a new stake in shares of Walt Disney in the 1st quarter valued at $31,000. William B. Walkup & Associates Inc. acquired a new stake in Walt Disney during the 2nd quarter worth about $32,000. Mascoma Wealth Management LLC grew 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 during the period. Red Tortoise LLC raised its stake in shares of Walt Disney by 141.4% during the 1st quarter. Red Tortoise LLC now owns 367 shares of the entertainment giant’s stock valued at $45,000 after buying an additional 215 shares during the last quarter. Finally, First PREMIER Bank lifted its holdings in shares of Walt Disney by 98.1% in the 3rd quarter. First PREMIER Bank now owns 517 shares of the entertainment giant’s stock valued at $50,000 after buying an additional 256 shares during the period. Institutional investors and hedge funds own 65.71% of the company’s stock.

Walt Disney Stock Performance

NYSE DIS opened at $95.43 on Friday. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.66 and a current ratio of 0.72. The stock’s fifty day moving average is $92.36 and its two-hundred day moving average is $98.44. The firm has a market capitalization 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 Walt Disney Company has a fifty-two week low of $79.23 and a fifty-two week high of $123.74.

Walt Disney (NYSE:DIS) last announced its quarterly earnings data on Wednesday, August 7th. The entertainment giant reported $1.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.20 by $0.19. The firm had revenue of $23.20 billion during the quarter, compared to analyst estimates of $23.08 billion. Walt Disney had a net margin of 5.30% and a return on equity of 8.64%. Walt Disney’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 earnings per share. On average, research analysts anticipate that The Walt Disney Company will post 4.92 earnings per share for the current year.

Analysts Set New Price Targets

DIS has been the subject of several recent research reports. Loop Capital reduced their price target on Walt Disney from $139.00 to $130.00 and set a “buy” rating for the company in a research report on Tuesday, July 30th. Piper Sandler assumed coverage on shares of Walt Disney in a report on Wednesday, October 16th. They set a “neutral” rating and a $95.00 price target on the stock. Needham & Company LLC restated a “buy” rating and set a $110.00 price target on shares of Walt Disney in a research report on Wednesday. Macquarie decreased their price objective on shares of Walt Disney from $94.00 to $91.00 and set a “neutral” rating for the company in a research report on Thursday, September 19th. Finally, Morgan Stanley dropped their target price on Walt Disney from $130.00 to $110.00 and set an “overweight” rating on the stock in a research report on Monday, August 5th. Five research analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $118.05.

Insider Activity

In other Walt Disney news, Director Calvin Mcdonald bought 11,756 shares of the business’s stock in a transaction on 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 completion of the purchase, the director now directly owns 22,313 shares in the company, valued at $1,897,943.78. The trade was a 100.00 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.10% of the company’s stock.

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.