Fermata Advisors LLC Buys 1,663 Shares of The Walt Disney Company (NYSE:DIS)

Fermata Advisors LLC grew its stake in The Walt Disney Company (NYSE:DIS) by 58.2% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,518 shares of the entertainment giant’s stock after acquiring an additional 1,663 shares during the quarter. Fermata Advisors LLC’s holdings in Walt Disney were worth $449,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of DIS. Jacobs & Co. CA boosted its position in Walt Disney by 4.8% during the 2nd quarter. Jacobs & Co. CA now owns 110,317 shares of the entertainment giant’s stock worth $10,953,000 after acquiring an additional 5,038 shares during the last quarter. Mitchell & Pahl Private Wealth LLC boosted its holdings in shares of Walt Disney by 1.0% in the 2nd quarter. Mitchell & Pahl Private Wealth LLC now owns 19,242 shares of the entertainment giant’s stock valued at $1,911,000 after buying an additional 182 shares during the last quarter. Sound Income Strategies LLC boosted its holdings in shares of Walt Disney by 4.3% in the 2nd quarter. Sound Income Strategies LLC now owns 4,680 shares of the entertainment giant’s stock valued at $465,000 after buying an additional 192 shares during the last quarter. Atlas Private Wealth Advisors bought a new stake in Walt Disney in the 2nd quarter valued at $317,000. Finally, Hexagon Capital Partners LLC raised its stake in Walt Disney by 20.0% in the 2nd quarter. Hexagon Capital Partners LLC now owns 7,879 shares of the entertainment giant’s stock valued at $782,000 after acquiring an additional 1,311 shares during the period. 65.71% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on DIS. Loop Capital dropped their price target on Walt Disney from $139.00 to $130.00 and set a “buy” rating on the stock in a research note on Tuesday, July 30th. Redburn Atlantic upgraded Walt Disney from a “sell” rating to a “neutral” rating and set a $100.00 price target on the stock in a research note on Tuesday, May 21st. Needham & Company LLC lowered their price objective on Walt Disney from $145.00 to $110.00 and set a “buy” rating on the stock in a research report on Thursday. The Goldman Sachs Group began coverage on Walt Disney in a research report on Tuesday, June 25th. They set a “buy” rating and a $125.00 price objective on the stock. Finally, Raymond James lowered their price objective on Walt Disney from $123.00 to $101.00 and set an “outperform” rating on the stock in a research report on Thursday. Three investment analysts have rated the stock with a hold rating and twenty-three have issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $118.75.

Walt Disney Trading Up 0.3 %

Shares of DIS stock traded up $0.25 during mid-day trading on Friday, reaching $86.21. 16,008,396 shares of the stock traded hands, compared to its average volume of 11,678,434. The stock’s fifty day simple moving average is $96.90 and its two-hundred day simple moving average is $105.13. The Walt Disney Company has a 1-year low of $78.73 and a 1-year high of $123.74. The company has a market cap of $157.16 billion, a price-to-earnings ratio of 93.71, a price-to-earnings-growth ratio of 1.15 and a beta of 1.40. The company has a quick ratio of 0.69, a current ratio of 0.75 and a debt-to-equity ratio of 0.38.

Walt Disney (NYSE:DIS) last posted its quarterly earnings data on Wednesday, August 7th. The entertainment giant reported $1.39 EPS for the quarter, topping analysts’ consensus estimates of $1.20 by $0.19. The company had revenue of $23.20 billion for the quarter, compared to analyst estimates of $23.08 billion. Walt Disney had a return on equity of 8.37% and a net margin of 1.90%. The firm’s quarterly revenue was up 3.9% on a year-over-year basis. During the same period in the previous year, the firm earned $1.03 earnings per share. On average, research analysts anticipate that The Walt Disney Company will post 4.77 EPS for the current fiscal year.

Insider Buying and Selling

In other Walt Disney news, Director Calvin Mcdonald bought 11,756 shares of the stock in a transaction on Thursday, August 8th. The stock was acquired at an average cost of $85.06 per share, for a total transaction of $999,965.36. Following the completion of the acquisition, the director now owns 22,313 shares in the company, valued at approximately $1,897,943.78. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.10% of the stock is owned by insiders.

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.