7,485 Shares in The Walt Disney Company (NYSE:DIS) Purchased by Financial Management Network Inc.

Financial Management Network Inc. purchased a new stake in The Walt Disney Company (NYSE:DISGet Rating) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 7,485 shares of the entertainment giant’s stock, valued at approximately $720,000.

Other large investors also recently bought and sold shares of the company. First American Trust FSB lifted its holdings in Walt Disney by 7.3% in the first quarter. First American Trust FSB now owns 41,833 shares of the entertainment giant’s stock valued at $5,737,000 after acquiring an additional 2,852 shares during the period. Northwest Investment Counselors LLC raised its stake in shares of Walt Disney by 1.0% during the 1st quarter. Northwest Investment Counselors LLC now owns 23,992 shares of the entertainment giant’s stock worth $3,291,000 after buying an additional 237 shares during the period. Marietta Wealth Management LLC raised its stake in shares of Walt Disney by 9.3% during the 1st quarter. Marietta Wealth Management LLC now owns 53,573 shares of the entertainment giant’s stock worth $7,348,000 after buying an additional 4,566 shares during the period. Clark Capital Management Group Inc. raised its stake in shares of Walt Disney by 27.8% during the 1st quarter. Clark Capital Management Group Inc. now owns 237,846 shares of the entertainment giant’s stock worth $32,623,000 after buying an additional 51,721 shares during the period. Finally, Alta Capital Management LLC raised its stake in shares of Walt Disney by 4.0% during the 1st quarter. Alta Capital Management LLC now owns 417,909 shares of the entertainment giant’s stock worth $57,320,000 after buying an additional 16,232 shares during the period. 61.37% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Walt Disney

In other news, EVP Brent Woodford sold 3,000 shares of the stock in a transaction dated Friday, August 12th. The stock was sold at an average price of $119.03, for a total value of $357,090.00. Following the transaction, the executive vice president now owns 28,624 shares in the company, valued at approximately $3,407,114.72. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.10% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on DIS. Wells Fargo & Company upped their target price on Walt Disney from $130.00 to $145.00 and gave the stock an “overweight” rating in a research note on Thursday, August 11th. Credit Suisse Group dropped their price target on Walt Disney from $170.00 to $157.00 and set an “outperform” rating for the company in a research report on Thursday, August 11th. Evercore ISI dropped their price target on Walt Disney from $150.00 to $130.00 in a research report on Wednesday, July 27th. Guggenheim upgraded Walt Disney from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $110.00 to $145.00 in a research report on Thursday, August 11th. Finally, KGI Securities assumed coverage on Walt Disney in a research report on Monday, May 23rd. They set an “outperform” rating and a $145.00 price target for the company. Five investment analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $151.48.

Walt Disney Price Performance

DIS opened at $108.25 on Monday. The company has a current ratio of 1.02, a quick ratio of 0.97 and a debt-to-equity ratio of 0.48. The firm has a market cap of $197.35 billion, a price-to-earnings ratio of 62.94, a PEG ratio of 1.41 and a beta of 1.20. The stock’s 50-day moving average price is $109.40 and its 200 day moving average price is $113.92. The Walt Disney Company has a 12-month low of $90.23 and a 12-month high of $185.90.

Walt Disney (NYSE:DISGet Rating) last posted its quarterly earnings results on Wednesday, August 10th. The entertainment giant reported $1.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.99 by $0.10. The company had revenue of $21.50 billion for the quarter, compared to analyst estimates of $21.01 billion. Walt Disney had a return on equity of 7.20% and a net margin of 3.87%. Walt Disney’s revenue for the quarter was up 26.5% compared to the same quarter last year. During the same quarter last year, the company earned $0.80 EPS. As a group, sell-side analysts expect that The Walt Disney Company will post 3.85 earnings per share for the current year.

Walt Disney Company Profile

(Get Rating)

The Walt Disney Company, together with its subsidiaries, operates as an entertainment company worldwide. It operates through two segments, Disney Media and Entertainment Distribution; and Disney Parks, Experiences and Products. The company engages in the film and episodic television content production and distribution activities, as well as operates television broadcast networks under the ABC, Disney, ESPN, Freeform, FX, Fox, National Geographic, and Star brands; and studios that produces motion pictures under the Walt Disney Pictures, Twentieth Century Studios, Marvel, Lucasfilm, Pixar, and Searchlight Pictures banners.

See Also

Institutional Ownership by Quarter for Walt Disney (NYSE:DIS)

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